SSOProShares Ultra S&P 500
SSO Fund Description
The ProShares Ultra S&P 500 ETF provides 2x leveraged exposure to a market-cap-weighted index of 500 large- and mid-cap US companies selected by S&P.
SSO Factset Analytics Insight
As a levered product, SSO is not a buy-and-hold ETF; it’s a short-term tactical instrument. Like many levered funds, it delivers its 2x exposure only over a one-day holding period. Over longer periods, returns can vary significantly from its headline 2x target returns. The 500 underlying companies are some of the most well-known firms in the world. As a short-term instrument, the total cost of owning SSO is more dependent on liquidity than management costs. Fortunately, the fund is extremely liquid with hefty daily volume and very tight spreads. Ultimately, SSO’s liquidity makes it one of the best ETFs for leveraged exposure to the S&P 500, but knowledge of the benefits, risks and pitfalls of levered products is paramount.
SSO MSCI ESG Analytics Insight
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of September 20, 2018 the ProShares Ultra S&P 500 MSCI ESG Fund Quality Score is 5.42 out of 10.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. SSO ranks in the 0th percentile within its peer group and in the 47th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
SSO CHARTS AND PERFORMANCE
SSO Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SSO. SSO is rated a 5 out of 5.
SSO MSCI ESG Ratings
Options Strategies for Outcome Investing
Options allow you to customize investment outcomes. Using the strategy builders provided by Cboe Vest Technologies, you can construct some of the most common option strategies. Check out our user guide for more information on how to use the tool.
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.