SSO

SSO is managed by ProShares. The fund employs leverage to attempt to achieve twice the daily return of the S&P 500 Index. This is done using financial instruments such as futures contracts and swaps. The ETF is rebalanced daily to maintain the 2x leverage ratio.

Yes, SSO can be held in retirement accounts such as IRAs or 401(k)s. However, investors should consider their investment goals and risk tolerance due to the leveraged nature and volatility of the fund.

Risks associated with SSO include leverage risk, market risk, and tracking error. Leverage can magnify both gains and losses, making the ETF more volatile. Daily rebalancing and compounding effects can cause performance deviations from the intended 2x return over longer periods.

SSO aims to deliver twice the daily return of the S&P 500 Index. Over short periods, SSO can achieve this goal, but due to the daily rebalancing and compounding effects, the performance over longer periods can deviate significantly from twice the cumulative return of the S&P 500 Index. The leveraged nature of the fund can result in increased volatility and risk.

SSO rebalance its portfolio daily to maintain the 2x leverage ratio relative to the S&P 500 Index. This daily rebalancing ensures the fund remains aligned with its objective of providing twice the daily return.

SSO distributes dividends on a quarterly basis. These dividends are derived from the income generated by the underlying securities in the fund's portfolio, adjusted for the ETF's leveraged position.

Factors affecting SSO’s performance include market conditions, changes in the S&P 500 Index, and the effects of leverage and daily rebalancing. Volatility and compounding effects can lead to performance deviations from the expected 2x return over longer periods.

Key performance metrics for SSO include its net asset value (NAV), expense ratio, total return, and tracking error. NAV represents the per-share value of the ETF, the expense ratio indicates the cost of managing the fund, total return measures overall performance including dividends, and tracking error shows how closely SSO matches the 2x return objective of the S&P 500 Index.

As of the latest update, SSO has an expense ratio of approximately 0.91%. This fee is charged to cover the costs associated with managing the ETF, including the cost of leveraging.

The historical performance of SSO reflects its objective to achieve twice the daily return of the S&P 500 Index. Over short periods, it closely tracks twice the daily return, but long-term performance may vary due to the effects of daily rebalancing and compounding.