ProShares Ultra S&P 500 (SSO): Historical Returns

Data Source: from July 2006 to January 2024 (~18 years)
Consolidated Returns as of 31 January 2024
Live Update: Feb 29 2024
Category: Stocks
ProShares Ultra S&P 500 (SSO) ETF
ETF • LIVE PERFORMANCE (USD currency)
0.69%
1 Day
Feb 29 2024
9.90%
Current Month
February 2024

In the last 10 Years, the ProShares Ultra S&P 500 (SSO) ETF obtained a 19.33% compound annual return, with a 30.70% standard deviation.

Table of contents
The first official book of
How to build wealth
with Lazy Portfolios and Passive Investing Strategies
Choose a goal
Employ the best metrics to evaluate it
Join the passive investing strategy
Discover new asset allocations in USD and EUR,
in addition to the lazy portfolios on the website.

The ETF is related to the following investment themes:

  • Leveraged: 2x
  • Asset Class: Equity
  • Size: Large Cap
  • Style: Blend
  • Region: North America
  • Country: U.S.

The ProShares Ultra S&P 500 (SSO) ETF is part of the following Lazy Portfolios:

Portfolio Name Author SSO Weight Currency
Stocks/Bonds 60/40 2x Leveraged 60.00% USD
Stocks/Bonds 40/60 2x Leveraged 40.00% USD
Talmud Portfolio 2x Leveraged Roger Gibson 33.34% USD
All Weather Portfolio 2x Leveraged Ray Dalio 30.00% USD
Desert Portfolio 2x Leveraged Gyroscopic Investing 30.00% USD
Simplified Permanent Portfolio 2x Leveraged 25.00% USD
Golden Butterfly 2x Leveraged 20.00% USD

Investment Returns as of Jan 31, 2024

The ProShares Ultra S&P 500 (SSO) ETF guaranteed the following returns.

Returns are calculated in USD, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
  • the actual US Inflation rates.
PROSHARES ULTRA S&P 500 (SSO) ETF
Consolidated returns as of 31 January 2024
Live Update: Feb 29 2024
Swipe left to see all data
  Chg (%) Return (%) Return (%) as of Jan 31, 2024
  1 Day Time ET(*) Feb 2024 1M 6M 1Y 5Y 10Y MAX
(~18Y)
ProShares Ultra S&P 500 (SSO) ETF 0.69 9.90 2.49 8.31 33.95 20.36 19.33 13.12
US Inflation Adjusted return 2.18 6.54 29.92 15.55 16.10 10.40
Returns over 1 year are annualized | Available data source: since Jul 2006
(*) Eastern Time (ET - America/New York)
US Inflation is updated to Jan 2024. Current inflation (annualized) is 1Y: 3.11% , 5Y: 4.16% , 10Y: 2.79%

In 2023, the ProShares Ultra S&P 500 (SSO) ETF granted a 0.27% dividend yield. If you are interested in getting periodic income, please refer to the ProShares Ultra S&P 500 (SSO) ETF: Dividend Yield page.

Capital Growth as of Jan 31, 2024

An investment of 1$, since February 2014, now would be worth 5.86$, with a total return of 485.58% (19.33% annualized).

The Inflation Adjusted Capital now would be 4.45$, with a net total return of 344.90% (16.10% annualized).
An investment of 1$, since July 2006, now would be worth 8.74$, with a total return of 774.02% (13.12% annualized).

The Inflation Adjusted Capital now would be 5.70$, with a net total return of 469.54% (10.40% annualized).

Investment Metrics as of Jan 31, 2024

Metrics of ProShares Ultra S&P 500 (SSO) ETF, updated as of 31 January 2024.

Metrics are calculated based on monthly returns, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
  • the actual US Inflation rates.
PROSHARES ULTRA S&P 500 (SSO) ETF
Advanced Metrics
Data Source: 1 July 2006 - 31 January 2024 (~18 years)
Swipe left to see all data
Metrics as of Jan 31, 2024
1M 3M 6M 1Y 3Y 5Y 10Y MAX
(~18Y)
Investment Return (%) 2.49 31.76 8.31 33.95 14.63 20.36 19.33 13.12
Infl. Adjusted Return (%) details 2.18 30.84 6.54 29.92 8.49 15.55 16.10 10.40
US Inflation (%) 0.31 0.70 1.66 3.11 5.66 4.16 2.79 2.47
Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y MAX
Deepest Drawdown Depth (%) -17.80 -45.69 -45.69 -45.69 -81.35
Start to Recovery (# months) details 5 25* 25* 25* 77
Start (yyyy mm) 2023 08 2022 01 2022 01 2022 01 2007 06
Start to Bottom (# months) 3 9 9 9 21
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2009 02
Bottom to End (# months) 2 16 16 16 56
End (yyyy mm) 2023 12 - - - 2013 10
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest
Start to Recovery (# months) details
Start (yyyy mm) 2023 08 2022 01 2022 01 2022 01 2007 06
Start to Bottom (# months) 3 9 9 9 21
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2009 02
Bottom to End (# months) 2 16 16 16 56
End (yyyy mm) 2023 12 - - - 2013 10
Longest negative period (# months) details 6 31 31 32 79
Period Start (yyyy mm) 2023 05 2021 04 2021 04 2017 08 2007 02
Period End (yyyy mm) 2023 10 2023 10 2023 10 2020 03 2013 08
Annualized Return (%) -3.01 -0.13 -0.13 -1.03 -0.08
Drawdowns / Negative periods marked with * are in progress
Deepest Drawdown Depth (%) -18.57 -48.54 -48.54 -48.54 -81.87
Start to Recovery (# months) details 5 25* 25* 25* 79
Start (yyyy mm) 2023 08 2022 01 2022 01 2022 01 2007 06
Start to Bottom (# months) 3 9 9 9 21
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2009 02
Bottom to End (# months) 2 16 16 16 58
End (yyyy mm) 2023 12 - - - 2013 12
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest
Start to Recovery (# months) details
Start (yyyy mm) 2023 08 2022 01 2022 01 2022 01 2007 06
Start to Bottom (# months) 3 9 9 9 21
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2009 02
Bottom to End (# months) 2 16 16 16 58
End (yyyy mm) 2023 12 - - - 2013 12
Longest negative period (# months) details 9 33 34 35 83
Period Start (yyyy mm) 2023 02 2021 02 2019 12 2017 05 2006 10
Period End (yyyy mm) 2023 10 2023 10 2022 09 2020 03 2013 08
Annualized Return (%) -0.94 -0.88 -0.94 -0.31 -0.19
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y MAX
Standard Deviation (%) 27.21 34.59 37.07 30.70 31.82
Sharpe Ratio 1.06 0.36 0.50 0.59 0.29
Sortino Ratio 1.56 0.48 0.66 0.79 0.38
Ulcer Index 6.53 22.81 19.41 14.71 30.11
Ratio: Return / Standard Deviation 1.25 0.42 0.55 0.63 0.41
Ratio: Return / Deepest Drawdown 1.91 0.32 0.45 0.42 0.16
% Positive Months details 66% 61% 63% 66% 63%
Positive Months 8 22 38 80 135
Negative Months 4 14 22 40 76
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y MAX
Best 10 Years Return (%) - Annualized 19.33 30.24
Worst 10 Years Return (%) - Annualized 6.51
Best 10 Years Return (%) - Annualized 16.10 27.98
Worst 10 Years Return (%) - Annualized 4.61
ROLLING PERIODS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y MAX
Over the latest 10Y
Best Rolling Return (%) - Annualized 130.52 47.17 32.59 19.33
Worst Rolling Return (%) - Annualized -38.98 2.19 7.20
% Positive Periods 74% 100% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 69.93 33.21 23.47 20.64
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - 0.35 6.00 16.00
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 124.64 42.09 29.08 16.10
Worst Rolling Return (%) - Annualized -42.65 0.27 5.29
% Positive Periods 72% 100% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 69.93 33.21 23.47 20.64
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - 0.35 6.00 16.00
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Over all the available data source (Jul 2006 - Jan 2024)
Best Rolling Return (%) - Annualized 130.52 48.15 44.13 30.24
Worst Rolling Return (%) - Annualized -74.37 -28.40 -11.68 6.51
% Positive Periods 74% 84% 86% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 43.16 13.12 8.73 6.06
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - 2.51
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 124.64 44.70 41.22 27.98
Worst Rolling Return (%) - Annualized -74.37 -29.51 -13.61 4.61
% Positive Periods 71% 84% 86% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 43.16 13.12 8.73 6.06
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - 2.51
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Terms and Definitions
  • Annualized Portfolio Return: it's the annualized geometric mean return of the portfolio.
  • Deepest/Longest Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. The deepest (or maximum) drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The longest drawdown is the period observed from a peak to the subsequent peak with the greatest duration.
  • Longest negative period: it's the maximum period for which an overall negative return has been observed.
  • Standard Deviation: it's a measure of the dispersion of returns around the mean.
  • Sharpe Ratio: it's a measure of risk-adjusted performance of the portfolio. It's calculated by dividing the excess return of the portfolio over the risk-free rate by the portfolio standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
  • Sortino Ratio: another measure of risk-adjusted performance of the portfolio. It's a modification of the Sharpe Ratio (same formula but the denominator is the portfolio downside standard deviation).
  • Ulcer Index: it's a measure of downside risk that quantifies the depth and duration of drawdowns in an investment portfolio.
  • Best/Worst 10Y returns: the best and the worst 10-year return over a time frame.
  • Rolling Returns: N-year returns over a time frame, calculated over all the available data source (best, worst, % of positive returns). Each rolling period, longer than the longest negative period, yielded a non-negative minimum return.
  • Safe Withdrawal Rate (SWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, without the portfolio running out of money in any case (money amount withdrawal).
    For instance: Your initial invested capital is 100.000$; withdrawal rate (annualized) is 4%. This means that, in the first month, you will withdraw 100.000 * 4% * 1/12 = 333.33$. The second month, you’ll withdraw 333.33$ plus the inflation monthly rate. You’ll continue adjusting your withdraw monthly for inflation.
  • Perpetual Withdrawal Rate (PWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, preserving the original invested capital, adjusted for inflation too.

Correlations as of Jan 31, 2024

Correlation measures to what degree the returns of the two assets move in relation to each other.

Correlation coefficient is a numerical value between -1 and +1. If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much.
Asset correlations are calculated based on monthly returns.

Monthly correlations of ProShares Ultra S&P 500 (SSO) ETF vs the main Asset Classes, over different timeframes. Columns are sortable (click on table header to sort).

PROSHARES ULTRA S&P 500 (SSO) ETF
Monthly correlations as of 31 January 2024
Swipe left to see all data
Correlation vs SSO
Asset Class 1 Year 5 Years 10 Years Since
Jul 2006
VTI
US Total Stock Market
1.00
1.00
1.00
1.00
SPY
US Large Cap
1.00
1.00
1.00
1.00
IJR
US Small Cap
0.76
0.88
0.86
0.89
VNQ
US REITs
0.89
0.86
0.76
0.75
QQQ
US Technology
0.85
0.92
0.91
0.91
PFF
Preferred Stocks
0.74
0.81
0.74
0.59
EFA
EAFE Stocks
0.93
0.90
0.88
0.89
VT
World All Countries
0.99
0.98
0.97
0.96
EEM
Emerging Markets
0.86
0.73
0.70
0.76
VGK
Europe
0.89
0.90
0.86
0.88
VPL
Pacific
0.93
0.85
0.83
0.83
FLLA
Latin America
0.90
0.71
0.58
0.68
BND
US Total Bond Market
0.83
0.53
0.39
0.24
TLT
Long Term Treasuries
0.86
0.19
0.09
-0.13
BIL
US Cash
0.34
-0.08
-0.05
-0.08
TIP
TIPS
0.76
0.63
0.50
0.33
LQD
Invest. Grade Bonds
0.88
0.68
0.58
0.44
HYG
High Yield Bonds
0.91
0.86
0.82
0.75
CWB
US Convertible Bonds
0.87
0.86
0.87
0.88
BNDX
International Bonds
0.76
0.57
0.44
0.32
EMB
Emerg. Market Bonds
0.94
0.79
0.69
0.59
GLD
Gold
0.33
0.24
0.10
0.08
DBC
Commodities
0.14
0.48
0.43
0.50

If you want to learn more about historical correlations, you can find out here how the main asset class are correlated to each other.

Drawdowns

A drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.

PROSHARES ULTRA S&P 500 (SSO) ETF
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 February 2014 - 31 January 2024 (10 Years)
Data Source: 1 July 2006 - 31 January 2024 (~18 years)
Inflation Adjusted:
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-45.69% Jan 2022 Sep 2022 9 in progress 16 25 27.15
-40.91% Jan 2020 Mar 2020 3 Aug 2020 5 8 19.18
-27.03% Oct 2018 Dec 2018 3 Jul 2019 7 10 12.13
-17.36% Jun 2015 Sep 2015 4 Jul 2016 10 14 8.50
-13.17% Feb 2018 Mar 2018 2 Aug 2018 5 7 8.38
-12.91% Sep 2020 Oct 2020 2 Nov 2020 1 3 7.59
-9.41% Sep 2021 Sep 2021 1 Oct 2021 1 2 5.43
-6.94% Dec 2014 Jan 2015 2 Feb 2015 1 3 3.49
-4.04% Aug 2019 Aug 2019 1 Oct 2019 2 3 2.04
-3.95% Sep 2016 Oct 2016 2 Nov 2016 1 3 1.98
-3.43% Mar 2015 Mar 2015 1 May 2015 2 3 1.90
-2.93% Sep 2014 Sep 2014 1 Oct 2014 1 2 1.69
-2.88% Jul 2014 Jul 2014 1 Aug 2014 1 2 1.66
-2.30% Jan 2021 Jan 2021 1 Feb 2021 1 2 1.33
-1.72% Nov 2021 Nov 2021 1 Dec 2021 1 2 0.99
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 45 2.7 Months 37.19%
 
DD = 0% 37.19%
 
0% < DD <= -5% 24 5.0 Months 19.83%
 
DD <= -5% 57.02%
 
-5% < DD <= -10% 10 12.1 Months 8.26%
 
DD <= -10% 65.29%
 
-10% < DD <= -15% 11 11.0 Months 9.09%
 
DD <= -15% 74.38%
 
-15% < DD <= -20% 11 11.0 Months 9.09%
 
DD <= -20% 83.47%
 
-20% < DD <= -25% 1 121.0 Months 0.83%
 
DD <= -25% 84.30%
 
-25% < DD <= -30% 8 15.1 Months 6.61%
 
DD <= -30% 90.91%
 
-30% < DD <= -35% 5 24.2 Months 4.13%
 
DD <= -35% 95.04%
 
-35% < DD <= -40% 4 30.3 Months 3.31%
 
DD <= -40% 98.35%
 
-40% < DD <= -45% 1 121.0 Months 0.83%
 
DD <= -45% 99.17%
 
-45% < DD <= -50% 1 121.0 Months 0.83%
 
DD <= -50% 100.00%
 
-50% < DD <= -55% 0 - 0.00%
 
DD <= -55% 100.00%
 
-55% < DD <= -60% 0 - 0.00%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-48.54% Jan 2022 Sep 2022 9 in progress 16 25 31.19
-40.80% Jan 2020 Mar 2020 3 Aug 2020 5 8 18.91
-27.20% Oct 2018 Dec 2018 3 Jul 2019 7 10 12.41
-17.61% Mar 2015 Sep 2015 7 Jul 2016 10 17 8.06
-13.47% Feb 2018 Apr 2018 3 Aug 2018 4 7 8.78
-13.21% Sep 2020 Oct 2020 2 Nov 2020 1 3 7.77
-9.78% Sep 2021 Sep 2021 1 Oct 2021 1 2 5.64
-6.05% Dec 2014 Jan 2015 2 Feb 2015 1 3 3.04
-4.50% Aug 2016 Oct 2016 3 Nov 2016 1 4 2.03
-4.13% Aug 2019 Aug 2019 1 Oct 2019 2 3 2.10
-2.99% Jul 2014 Jul 2014 1 Aug 2014 1 2 1.72
-2.94% Sep 2014 Sep 2014 1 Oct 2014 1 2 1.70
-2.55% Nov 2021 Nov 2021 1 Dec 2021 1 2 1.47
-2.49% Jan 2021 Jan 2021 1 Feb 2021 1 2 1.44
-0.07% Aug 2017 Aug 2017 1 Sep 2017 1 2 0.04
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 43 2.8 Months 35.54%
 
DD = 0% 35.54%
 
0% < DD <= -5% 25 4.8 Months 20.66%
 
DD <= -5% 56.20%
 
-5% < DD <= -10% 10 12.1 Months 8.26%
 
DD <= -10% 64.46%
 
-10% < DD <= -15% 10 12.1 Months 8.26%
 
DD <= -15% 72.73%
 
-15% < DD <= -20% 10 12.1 Months 8.26%
 
DD <= -20% 80.99%
 
-20% < DD <= -25% 2 60.5 Months 1.65%
 
DD <= -25% 82.64%
 
-25% < DD <= -30% 6 20.2 Months 4.96%
 
DD <= -30% 87.60%
 
-30% < DD <= -35% 5 24.2 Months 4.13%
 
DD <= -35% 91.74%
 
-35% < DD <= -40% 5 24.2 Months 4.13%
 
DD <= -40% 95.87%
 
-40% < DD <= -45% 4 30.3 Months 3.31%
 
DD <= -45% 99.17%
 
-45% < DD <= -50% 1 121.0 Months 0.83%
 
DD <= -50% 100.00%
 
-50% < DD <= -55% 0 - 0.00%
 
DD <= -55% 100.00%
 
-55% < DD <= -60% 0 - 0.00%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-81.35% Jun 2007 Feb 2009 21 Oct 2013 56 77 46.12
-45.69% Jan 2022 Sep 2022 9 in progress 16 25 27.15
-40.91% Jan 2020 Mar 2020 3 Aug 2020 5 8 19.18
-27.03% Oct 2018 Dec 2018 3 Jul 2019 7 10 12.13
-17.36% Jun 2015 Sep 2015 4 Jul 2016 10 14 8.50
-13.17% Feb 2018 Mar 2018 2 Aug 2018 5 7 8.38
-12.91% Sep 2020 Oct 2020 2 Nov 2020 1 3 7.59
-9.41% Sep 2021 Sep 2021 1 Oct 2021 1 2 5.43
-7.23% Jan 2014 Jan 2014 1 Feb 2014 1 2 4.18
-6.94% Dec 2014 Jan 2015 2 Feb 2015 1 3 3.49
-4.57% Feb 2007 Feb 2007 1 Apr 2007 2 3 2.67
-4.04% Aug 2019 Aug 2019 1 Oct 2019 2 3 2.04
-3.95% Sep 2016 Oct 2016 2 Nov 2016 1 3 1.98
-3.43% Mar 2015 Mar 2015 1 May 2015 2 3 1.90
-2.93% Sep 2014 Sep 2014 1 Oct 2014 1 2 1.69
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 57 3.7 Months 26.89%
 
DD = 0% 26.89%
 
0% < DD <= -5% 29 7.3 Months 13.68%
 
DD <= -5% 40.57%
 
-5% < DD <= -10% 15 14.1 Months 7.08%
 
DD <= -10% 47.64%
 
-10% < DD <= -15% 16 13.3 Months 7.55%
 
DD <= -15% 55.19%
 
-15% < DD <= -20% 13 16.3 Months 6.13%
 
DD <= -20% 61.32%
 
-20% < DD <= -25% 5 42.4 Months 2.36%
 
DD <= -25% 63.68%
 
-25% < DD <= -30% 11 19.3 Months 5.19%
 
DD <= -30% 68.87%
 
-30% < DD <= -35% 11 19.3 Months 5.19%
 
DD <= -35% 74.06%
 
-35% < DD <= -40% 13 16.3 Months 6.13%
 
DD <= -40% 80.19%
 
-40% < DD <= -45% 8 26.5 Months 3.77%
 
DD <= -45% 83.96%
 
-45% < DD <= -50% 6 35.3 Months 2.83%
 
DD <= -50% 86.79%
 
-50% < DD <= -55% 5 42.4 Months 2.36%
 
DD <= -55% 89.15%
 
-55% < DD <= -60% 6 35.3 Months 2.83%
 
DD <= -60% 91.98%
 
-60% < DD <= -65% 6 35.3 Months 2.83%
 
DD <= -65% 94.81%
 
-65% < DD <= -70% 3 70.7 Months 1.42%
 
DD <= -70% 96.23%
 
-70% < DD <= -100% 8 26.5 Months 3.77%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-81.87% Jun 2007 Feb 2009 21 Dec 2013 58 79 48.39
-48.54% Jan 2022 Sep 2022 9 in progress 16 25 31.19
-40.80% Jan 2020 Mar 2020 3 Aug 2020 5 8 18.91
-27.20% Oct 2018 Dec 2018 3 Jul 2019 7 10 12.41
-17.61% Mar 2015 Sep 2015 7 Jul 2016 10 17 8.06
-13.47% Feb 2018 Apr 2018 3 Aug 2018 4 7 8.78
-13.21% Sep 2020 Oct 2020 2 Nov 2020 1 3 7.77
-9.78% Sep 2021 Sep 2021 1 Oct 2021 1 2 5.64
-7.46% Jan 2014 Jan 2014 1 Feb 2014 1 2 4.31
-6.05% Dec 2014 Jan 2015 2 Feb 2015 1 3 3.04
-4.94% Feb 2007 Feb 2007 1 Apr 2007 2 3 3.07
-4.50% Aug 2016 Oct 2016 3 Nov 2016 1 4 2.03
-4.13% Aug 2019 Aug 2019 1 Oct 2019 2 3 2.10
-2.99% Jul 2014 Jul 2014 1 Aug 2014 1 2 1.72
-2.94% Sep 2014 Sep 2014 1 Oct 2014 1 2 1.70
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 52 4.1 Months 24.53%
 
DD = 0% 24.53%
 
0% < DD <= -5% 32 6.6 Months 15.09%
 
DD <= -5% 39.62%
 
-5% < DD <= -10% 13 16.3 Months 6.13%
 
DD <= -10% 45.75%
 
-10% < DD <= -15% 13 16.3 Months 6.13%
 
DD <= -15% 51.89%
 
-15% < DD <= -20% 12 17.7 Months 5.66%
 
DD <= -20% 57.55%
 
-20% < DD <= -25% 7 30.3 Months 3.30%
 
DD <= -25% 60.85%
 
-25% < DD <= -30% 10 21.2 Months 4.72%
 
DD <= -30% 65.57%
 
-30% < DD <= -35% 8 26.5 Months 3.77%
 
DD <= -35% 69.34%
 
-35% < DD <= -40% 10 21.2 Months 4.72%
 
DD <= -40% 74.06%
 
-40% < DD <= -45% 12 17.7 Months 5.66%
 
DD <= -45% 79.72%
 
-45% < DD <= -50% 10 21.2 Months 4.72%
 
DD <= -50% 84.43%
 
-50% < DD <= -55% 5 42.4 Months 2.36%
 
DD <= -55% 86.79%
 
-55% < DD <= -60% 6 35.3 Months 2.83%
 
DD <= -60% 89.62%
 
-60% < DD <= -65% 8 26.5 Months 3.77%
 
DD <= -65% 93.40%
 
-65% < DD <= -70% 6 35.3 Months 2.83%
 
DD <= -70% 96.23%
 
-70% < DD <= -100% 8 26.5 Months 3.77%
 
DD <= -100% 100.00%
 

Rolling Returns

( more details)

A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.

PROSHARES ULTRA S&P 500 (SSO) ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 February 2014 - 31 January 2024 (10 Years)
Data Source: 1 July 2006 - 31 January 2024 (~18 years)
Inflation Adjusted:
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -38.98 01/2022
12/2022
0.61$ -5.63 0.94$ 20.90 1.20$ 46.66 1.46$ 130.52 04/2020
03/2021
2.30$ 33.95 25.69%
2Y -13.73 11/2021
10/2023
0.74$ 3.31 1.06$ 15.93 1.34$ 34.09 1.79$ 72.06 04/2020
03/2022
2.96$ 1.29 12.37%
3Y 2.19 04/2017
03/2020
1.06$ 12.82 1.43$ 19.31 1.69$ 28.15 2.10$ 47.17 01/2019
12/2021
3.18$ 14.63 0.00%
5Y 7.20 04/2015
03/2020
1.41$ 13.18 1.85$ 17.82 2.27$ 28.00 3.43$ 32.59 11/2016
10/2021
4.09$ 20.36 0.00%
7Y 16.26 07/2015
06/2022
2.87$ 17.50 3.09$ 19.67 3.51$ 23.17 4.30$ 24.81 01/2015
12/2021
4.71$ 19.51 0.00%
10Y 19.33 02/2014
01/2024
5.85$ 19.33 5.85$ 19.33 5.85$ 19.33 5.85$ 19.33 02/2014
01/2024
5.85$ 19.33 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -42.65 01/2022
12/2022
0.57$ -12.04 0.87$ 18.31 1.18$ 41.95 1.41$ 124.64 04/2020
03/2021
2.24$ 29.92 27.52%
2Y -18.21 11/2021
10/2023
0.66$ -2.47 0.95$ 13.55 1.28$ 31.16 1.72$ 63.03 04/2020
03/2022
2.65$ -3.28 16.49%
3Y 0.27 04/2017
03/2020
1.00$ 8.16 1.26$ 17.08 1.60$ 24.66 1.93$ 42.09 01/2019
12/2021
2.86$ 8.49 0.00%
5Y 5.29 04/2015
03/2020
1.29$ 9.41 1.56$ 15.79 2.08$ 24.92 3.04$ 29.08 11/2016
10/2021
3.58$ 15.55 0.00%
7Y 12.72 07/2015
06/2022
2.31$ 13.50 2.42$ 15.74 2.78$ 20.75 3.74$ 21.98 08/2014
07/2021
4.01$ 15.49 0.00%
10Y 16.10 02/2014
01/2024
4.44$ 16.10 4.44$ 16.10 4.44$ 16.10 4.44$ 16.10 02/2014
01/2024
4.44$ 16.10 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -74.37 03/2008
02/2009
0.25$ -15.82 0.84$ 22.18 1.22$ 47.26 1.47$ 130.52 04/2020
03/2021
2.30$ 33.95 26.00%
2Y -53.20 03/2007
02/2009
0.21$ -6.07 0.88$ 17.68 1.38$ 39.32 1.94$ 77.84 03/2009
02/2011
3.16$ 1.29 21.28%
3Y -28.40 07/2007
06/2010
0.36$ -5.91 0.83$ 20.13 1.73$ 31.04 2.25$ 48.15 03/2009
02/2012
3.25$ 14.63 15.91%
5Y -11.68 10/2006
09/2011
0.53$ 2.28 1.11$ 20.71 2.56$ 29.75 3.67$ 44.13 03/2009
02/2014
6.21$ 20.36 13.16%
7Y 2.51 09/2006
08/2013
1.18$ 7.23 1.63$ 21.40 3.88$ 25.86 5.00$ 31.91 10/2011
09/2018
6.94$ 19.51 0.00%
10Y 6.51 11/2006
10/2016
1.87$ 8.52 2.26$ 20.65 6.53$ 25.13 9.41$ 30.24 03/2009
02/2019
14.03$ 19.33 0.00%
15Y 9.27 10/2007
09/2022
3.78$ 11.32 4.99$ 13.64 6.80$ 15.71 8.92$ 24.37 02/2009
01/2024
26.34$ 24.37 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -74.37 03/2008
02/2009
0.25$ -21.21 0.78$ 19.98 1.19$ 43.54 1.43$ 124.64 04/2020
03/2021
2.24$ 29.92 28.50%
2Y -54.14 03/2007
02/2009
0.21$ -10.37 0.80$ 15.31 1.32$ 35.28 1.83$ 74.12 03/2009
02/2011
3.03$ -3.28 23.40%
3Y -29.51 07/2007
06/2010
0.35$ -7.27 0.79$ 18.13 1.64$ 29.60 2.17$ 44.70 03/2009
02/2012
3.02$ 8.49 15.91%
5Y -13.61 10/2006
09/2011
0.48$ 0.76 1.03$ 18.32 2.31$ 27.09 3.31$ 41.22 03/2009
02/2014
5.61$ 15.55 13.82%
7Y 0.43 02/2007
01/2014
1.03$ 5.54 1.45$ 19.49 3.47$ 23.84 4.46$ 29.91 10/2011
09/2018
6.24$ 15.49 0.00%
10Y 4.61 11/2006
10/2016
1.56$ 6.69 1.91$ 17.66 5.08$ 22.62 7.68$ 27.98 03/2009
02/2019
11.78$ 16.10 0.00%
15Y 6.74 10/2007
09/2022
2.66$ 8.74 3.51$ 11.18 4.90$ 13.20 6.41$ 21.26 02/2009
01/2024
18.02$ 21.26 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods

If you need a deeper detail about rolling returns, please refer to the ProShares Ultra S&P 500 (SSO) ETF: Rolling Returns page.

Seasonality

In which months is it better to invest in ProShares Ultra S&P 500 (SSO) ETF?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.
For further information about the seasonality, check the Asset Class Seasonality page.
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.27
40%
-3.18
40%
-0.74
80%
5.74
80%
-0.55
60%
3.46
80%
8.73
100%
0.69
40%
-8.40
20%
4.73
60%
11.25
80%
3.73
80%
Best 12.2
2023
6.2
2019
9.0
2021
25.2
2020
9.2
2020
14.1
2019
18.7
2022
14.3
2020
3.6
2019
15.7
2022
22.5
2020
8.8
2021
Worst -10.6
2022
-15.5
2020
-29.8
2020
-17.4
2022
-12.8
2019
-16.7
2022
2.5
2019
-8.7
2022
-18.4
2022
-5.4
2020
-1.7
2021
-11.8
2022
Monthly Seasonality over the period Aug 2006 - Jan 2024
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
1.52
50%
0.37
50%
0.28
60%
3.44
90%
1.41
80%
1.95
80%
6.34
90%
0.54
60%
-4.60
30%
3.23
60%
7.86
90%
0.26
60%
Best 15.7
2019
11.4
2015
14.0
2016
25.2
2020
9.2
2020
14.1
2019
18.7
2022
14.3
2020
3.8
2017
17.4
2015
22.5
2020
8.8
2021
Worst -10.6
2022
-15.5
2020
-29.8
2020
-17.4
2022
-12.8
2019
-16.7
2022
-2.9
2014
-12.5
2015
-18.4
2022
-14.0
2018
-1.7
2021
-17.7
2018
Monthly Seasonality over the period Aug 2006 - Jan 2024
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
-0.18
50%
-0.22
53%
2.49
65%
4.91
88%
0.50
71%
-0.69
53%
5.09
78%
-0.17
61%
-1.67
50%
1.95
61%
4.09
72%
1.55
67%
Best 15.7
2019
11.4
2015
14.6
2009
25.2
2020
11.2
2009
14.1
2019
18.7
2022
14.3
2020
18.4
2010
21.8
2011
22.5
2020
13.9
2010
Worst -16.5
2009
-21.1
2009
-29.8
2020
-17.4
2022
-16.1
2010
-16.7
2022
-7.0
2007
-12.8
2011
-19.6
2008
-34.9
2008
-17.0
2008
-17.7
2018
Monthly Seasonality over the period Aug 2006 - Jan 2024

Monthly Returns

This section provides a visual/tabular representation of the performance variability in the ProShares Ultra S&P 500 (SSO) ETF over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.

PROSHARES ULTRA S&P 500 (SSO) ETF
Monthly Returns Distribution
Data Source: 1 February 2014 - 31 January 2024 (10 Years)
Data Source: 1 July 2006 - 31 January 2024 (~18 years)
80 Positive Months (67%) - 40 Negative Months (33%)
135 Positive Months (64%) - 76 Negative Months (36%)
Swipe left to see all data
(Scroll down to see all data)
Analyze your Portfolio: Backtest Now!
Explore historical data since 1871 and fine-tune your investment strategy for better results.