ProShares Ultra S&P500 (SSO) Performance
SSO total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +19.0% since Dec 31, 2025
- 1 year
- +21.8% total return
- 5 years
- +16.2% a year
- 10 years
- +23.6% a year
- Since first price
- +15.5% a year since 2006
SSO trailing returns vs SPY, QQQ, AGG
| Period | SSO total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −2.6% | −2.6% | −1.0% | −5.0% | +0.9% |
| 3 months | +4.6% | +4.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +12.2% | +11.8% | +7.8% | +8.4% | −1.5% |
| YTD | +19.0% | +18.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +21.8% | +20.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +173.3%+39.8%/yr | +166.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +111.7%+16.2%/yr | +105.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +733.9%+23.6%/yr | +691.0% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +2,516.2%+24.3%/yr | +2,321.7% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +1,489.5%+14.8%/yr | +1,190.8% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionJun 21, 2006 | +1,788.1%+15.5%/yr | +1,433.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SSO vs SPY
From Jun 21, 2006: SSO grew to $188,807, SPY to $88,014.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SSO returns by calendar year
14 of 19 full years positive. Best 2013 (+70.5%), worst 2008 (−67.9%). 2026 is year to date.
SSO annual returns table
| Year | SSO | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +19.0% | −18.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +26.2% | −35.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +43.5% | −16.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +46.7% | −20.7% | +26.2% | +54.9% | +5.7% |
| 2022 | −39.0% | −46.7% | −18.2% | −32.6% | −13.0% |
| 2021 | +60.6% | −10.2% | +28.7% | +27.4% | −1.8% |
| 2020 | +21.5% | −59.3% | +18.3% | +48.6% | +7.5% |
| 2019 | +63.4% | −13.3% | +31.2% | +39.0% | +8.5% |
| 2018 | −14.6% | −36.6% | −4.6% | −0.1% | +0.1% |
| 2017 | +44.4% | −5.3% | +21.7% | +32.7% | +3.6% |
| 2016 | +21.5% | −18.1% | +12.0% | +7.1% | +2.4% |
| 2015 | −1.2% | −23.1% | +1.2% | +9.4% | +0.5% |
| 2014 | +25.5% | −14.3% | +13.5% | +19.2% | +6.0% |
| 2013 | +70.5% | −11.2% | +32.3% | +36.6% | −2.0% |
| 2012 | +31.0% | −18.8% | +16.0% | +18.1% | +3.8% |
| 2011 | −2.9% | −36.2% | +1.9% | +3.4% | +7.7% |
| 2010 | +26.8% | −30.2% | +15.1% | +19.9% | +6.4% |
| 2009 | +47.2% | −48.6% | +26.4% | +54.7% | +3.0% |
| 2008 | −67.9% | −76.4% | −36.8% | −41.7% | +7.9% |
| 2007 | +1.1% | −19.7% | +5.1% | +19.0% | +6.6% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SSO largest drawdowns
Now 5.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 9, 2007 | −84.7% | Mar 9, 2009 | Oct 22, 2013 | 1.4 years | 6.0 years |
| Feb 19, 2020 | −59.3% | Mar 23, 2020 | Sep 2, 2020 | 33 days | 6 months |
| Jan 3, 2022 | −46.7% | Oct 12, 2022 | Mar 1, 2024 | 9 months | 2.2 years |
| Sep 20, 2018 | −36.6% | Dec 24, 2018 | Jul 1, 2019 | 3 months | 9 months |
| Feb 19, 2025 | −35.2% | Apr 8, 2025 | Jul 3, 2025 | 48 days | 4 months |
| May 21, 2015 | −26.7% | Feb 11, 2016 | Jul 11, 2016 | 9 months | 1.1 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SSO risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2006 |
|---|---|---|---|---|
| Annualized return | +38.6% | +19.0% | +23.5% | +15.5% |
| Volatility (annualized) | 25.5% | 31.5% | 31.3% | 31.0% |
| Sharpe ratio | 1.25 | 0.60 | 0.77 | 0.58 |
| Sortino ratio | 2.56 | 0.96 | 1.19 | 0.86 |
| Best month | +21.4% | +21.4% | +25.2% | +25.2% |
| Worst month | −11.6% | −18.4% | −29.8% | −34.9% |
| Best 12 months | +74.8% | +74.8% | +130.5% | +130.5% |
| Worst 12 months | +7.7% | −39.0% | −39.0% | −74.4% |
| Positive months | 61% | 57% | 66% | 63% |
| Beta vs S&P 500 | 2.05 | 2.01 | 2.04 | — |
| Correlation with S&P 500 | 1.00 | 1.00 | 1.00 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SSO rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 233 | −74.4% | +24.6% | +130.5% | 78% |
| 3-year (a year) | 209 | −28.4% | +20.3% | +48.1% | 87% |
| 5-year (a year) | 185 | −11.7% | +21.5% | +44.1% | 89% |
| 10-year (a year) | 125 | +6.5% | +20.7% | +30.2% | 100% |
Every holding period starting at a month-end since 2006. Returns for 3 years and longer are annualized.
SSO performance overview
ProShares Ultra S&P500 (SSO) returned +21.8% over the past year and +23.6% a year over ten years, with distributions reinvested. Since its first recorded price in 2006 it has returned +15.5% a year, turning $10,000 into about $188,807. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −84.7%, from Oct 9, 2007 to Mar 9, 2009, and it took 4.6 years to get back to the old high. SSO finished 14 of its 19 full calendar years with a gain; the best year was 2013 (+70.5%) and the worst 2008 (−67.9%). Volatility has been 31.0% a year.
Related: SSO chart, SSO holdings, SSO dividends, SSO valuation. See the SSO overview for the latest quote and fund facts.
SSO performance FAQ
What is the SSO return over the past year?
SSO returned +21.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 20.8%.
What is the average annual return of SSO?
SSO has returned +16.2% a year over 5 years, +23.6% a year over 10 years, +15.5% a year since June 21, 2006 (total return, distributions reinvested).
How much would $10,000 invested in SSO be worth?
$10,000 invested in SSO at its first recorded close on June 21, 2006 would be worth about $188,807 on October 23, 2026 with distributions reinvested.
What was the worst year for SSO?
The worst calendar year was 2008, with a total return of −67.9%. The best was 2013 at +70.5%.
What is the biggest drawdown of SSO?
The largest peak-to-trough decline was −84.7% between October 9, 2007 and March 9, 2009. It recovered to the old high on October 22, 2013, 4.6 years after the bottom.
How volatile is SSO?
Over the past 3 years SSO had an annualized volatility of 25.5% and a Sharpe ratio of 1.25 (excess return over 1–3 month T-bills per unit of risk).