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Beacon

SSOProShares Ultra S&P500

Take a bet20y track recordRanked #17 of 948 in this goal

Seeks daily investment results that correspond to 2x the daily performance of the S&P 500 Index.

By ProShares · Launched 2006

Annual Cost

0.87%

#4,615 of 5,853 · expensive

Fund Size

$8.0B

#334 of 5,853 · large

Return (1Y)Goal

+31.7%

Track Record

20 years

#319 of 5,853 · established

Performance

Total-return NAV · USD
Growth of $10,000
$12,996+30.0%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Leveraged

Index tracked

S&P 500 Index

What it actually holds

By weight

Concentration

synthetic exposure — holdings shown are derivatives collateral, not the fund's positions

ProShares GENIUS Money Market ETF
17.0%
NVIDIA Corp.
5.1%
Apple, Inc.
4.6%
Microsoft Corp.
3.4%
Amazon.com, Inc.
2.4%
United States of America
2.2%
Alphabet, Inc.
2.1%
N/A
1.8%
Broadcom, Inc.
1.8%
Alphabet, Inc.
1.7%

Asset allocation

Stocks
76.3%
Cash
21.5%
Bonds
1.2%
Other
1.0%

By sector

Technology
38.5%
Financial Services
11.6%
Communication
9.9%
Consumer Cyclical
9.5%
Healthcare
8.9%
Industrials
8.4%
Consumer Defensive
4.5%
Energy
3.0%
Other
5.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
25.6%High

Year-on-year price swings

Max drawdown
-59.2%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.93Decent risk-adjusted returns
Sortino (3Y)
1.35Good downside protection

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results that correspond to 2x the daily performance of the S&P 500 Index.
Strategy
Invests in financial instruments to achieve daily investment results of 2x the S&P 500 Index. Maintains leveraged exposure to at least 80% of total assets in U.S. large-cap companies, rebalancing daily to align with the Daily Target.
Inception date
June 19, 2006
Fund family
ProShares

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged
Warning

Your return drifts the longer you hold

Leverage amplifies the index's daily move, by 2x or 3x. The fund resets every day, so over weeks and months your real return drifts from that multiple. It can run ahead in a smooth climb and bleed in a choppy one. Hold one for months and you own a different bet than the label suggests.

Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-02