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Beacon

SSOProShares Ultra S&P500

Take a bet20y track recordRanked #18 of 775 in this goal

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

By ProShares · Launched 2006

Annual Cost

0.87%

#4,437 of 5,562 · expensive

Fund Size

$8.4B

#309 of 5,562 · large

Return (1Y)Goal

+44.0%

Track Record

20 years

#326 of 5,562 · established

Performance

Total-return NAV · USD
Growth of $10,000
$14,318+43.2%

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

Classification

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

Top 10 holdings = 37.2% of fund✓ well diversified

NVIDIA Corp.
5.4%
Apple, Inc.
5.2%
United States of America
4.8%
United States of America
4.8%
Microsoft Corp.
4.6%
Amazon.com, Inc.
2.8%
United States of America
2.7%
Broadcom, Inc.
2.4%
Alphabet, Inc.
2.3%
United States of America
2.1%

Asset allocation

Stocks
78.7%
Cash
19.8%
Other
1.5%

By sector

Technology
39.0%
Financial Services
11.1%
Communication
10.7%
Consumer Cyclical
9.9%
Healthcare
8.3%
Industrials
7.8%
Consumer Defensive
4.5%
Energy
3.1%
Other
5.6%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
24.7%High

Year-on-year price swings

Max drawdown
-59.3%Severe

Worst peak-to-trough loss

Sharpe (3Y)
1.03Strong risk-adjusted returns
Sortino (3Y)
1.50Good downside protection

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results before fees and expenses that correspond to 2x the daily performance of the S&P 500 Index.
Strategy
Invests in financial instruments to achieve daily returns consistent with 2x the daily performance of the S&P 500 Index. The strategy involves leveraging to amplify returns on a daily basis.
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

Leveraged ETF — not a long-term hold

This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.

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

Why we flagged this: strategy=leveraged + leveraged_name_or_strategy

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 2026-06-19