SPXL vs. SSO: Do These Leveraged ETFs' Big Swings Pay Off for Investors? Here's What You Need to Know
The ProShares Ultra S 500 ETF (NYSEMKT:SSO) and the Direxion Daily S 500 Bull 3X Shares ETF (NYSEMKT:SPXL) are both designed for traders and investors seeking magnified returns from daily moves in the S 500, but they differ in their leverage factor and risk profile.
SPXL targets triple the daily move of the S 500, resulting in greater potential upside and downside, while SSO aims for double. This comparison weighs their costs, performance, portfolio makeup, and unique risks for anyone considering a leveraged S 500 play.
Beta measures price volatility relative to the S 500. The 1-yr return represents total return over the trailing 12 months.
Source Fool.com