The ProShares – Ultra S&P500 (NYSEMKT:SSO) and the ProShares – UltraPro QQQ (NASDAQ:TQQQ) both offer amplified exposure to major benchmarks, but with distinct paths.
While SSO targets the established blue chip companies within the S&P 500 at double leverage, TQQQ concentrates on the tech-heavy Nasdaq-100 with triple the daily exposure — resulting in vastly different volatility profiles
Snapshot (cost & size) SSO is more affordable in terms of fees and also offers a higher dividend yield. However, because leveraged ETFs perform best as short-term investments, factors such as fees and income are unlikely to be major considerations for either fund. Performance & risk comparison What’s inside SSO’s underlying index is the S&P 500, and it holds just over 500 positions.
Technology makes up around 34% of assets, and its top three holdings include Nvidia, Apple, and Microsoft. Like many leveraged products, it features a daily leverage reset, which can lead to performance drag in volatile markets. TQQQ is more concentrated, with 101 holdings, and technology stocks account for just over half of the fund.