(SSO) ProShares Ultra S&P500 - Overview

Exchange: NYSE ARCA • Country: USA • Currency: USD • Type: Etf • ISIN: US74347R1077

Etf: Leveraged, Equity, Daily, Large Cap

Total Rating 54
Risk 57
Buy Signal 0.46

Dividends

Dividend Yield 0.78%
Yield on Cost 5y 2.79%
Yield CAGR 5y 27.43%
Payout Consistency 82.5%
Payout Ratio -
Risk 5d forecast
Volatility 30.0%
Relative Tail Risk 5.13%
Reward TTM
Sharpe Ratio 0.59
Alpha -4.29
Character TTM
Beta 1.909
Beta Downside 1.928
Drawdowns 3y
Max DD 35.21%
CAGR/Max DD 0.97

Description: SSO ProShares Ultra S&P500 January 08, 2026

ProShares Ultra S&P 500 (NYSE ARCA: SSO) is a leveraged equity ETF that seeks to deliver twice the daily return of the S&P 500 Index. It does this by investing in a mix of futures, swaps, and other derivatives that, in the managers’ view, should generate daily performance consistent with the fund’s 2× target.

Key operational facts: the fund is classified as “non-diversified,” meaning at least 80 % of its assets are concentrated in the index components or equivalent instruments, which amplifies both upside and downside risk. As of the latest filing, SSO carries an expense ratio of 0.91 % and manages roughly $6 billion in assets, with an average daily trading volume exceeding 10 million shares.

Market-level drivers that materially affect SSO’s performance include U.S. GDP growth, Federal Reserve interest-rate policy, and equity-market volatility (e.g., the VIX). Because the ETF resets its leverage daily, periods of high volatility can cause “beta-slippage,” meaning the long-term return may diverge from 2× the index’s cumulative return.

Sector exposure mirrors the S&P 500, with technology accounting for roughly 27 % of the index weight, making tech earnings and macro-level chip-industry trends a primary influence on SSO’s day-to-day moves.

For a deeper, data-driven analysis of how leveraged ETFs like SSO behave under different market regimes, you might find the research tools on ValueRay worth exploring.

What is the price of SSO shares?

As of February 07, 2026, the stock is trading at USD 59.01 with a total of 5,906,762 shares traded.
Over the past week, the price has changed by -0.47%, over one month by -0.94%, over three months by +4.98% and over the past year by +21.01%.

Is SSO a buy, sell or hold?

ProShares Ultra S&P500 has no consensus analysts rating.

What are the forecasts/targets for the SSO price?

Issuer Target Up/Down from current
Wallstreet Target Price - -
Analysts Target Price - -
ValueRay Target Price 74.1 25.5%

SSO Fundamental Data Overview February 05, 2026

Revenue TTM = 0.0 USD
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 8.11b USD (8.11b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 8.11b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 8.11b / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 12.95% (E(8.11b)/V(8.11b) * Re(12.95%) + (debt-free company))
Discount Rate = 12.95% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)

Additional Sources for SSO ETF

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle