How do SPUU and SSO fees compare?

SPUU charges an expense ratio of 0.60%, whereas SSO charges 0.87%. The difference in fee is 0.27 percentage points. These fees are deducted from the funds' assets, which can affect the overall net return. SPUU offers a slightly lower expense ratio compared to SSO.

What do SPUU and SSO track?

Both SPUU and SSO are leveraged ETFs designed to track the performance of the S&P 500 Index. SPUU aims for 2x the daily return, while SSO also seeks 2x daily returns. However, the tracking index is not specified, and these funds' performance may not reflect the index's long-term return due to compounding volatility.

Do SPUU and SSO share similar holdings?

The top ten holdings in SPUU and SSO are identical: NVDA, AAPL, MSFT, AMZN, GOOGL, AVGO, GOOG, META, MU, and TSLA. However, their weights differ slightly; SPUU has NVDA at 3.74% and AAPL at 3.49%, while SSO holds NVDA at 5.70% and AAPL at 5.19%.

What are the dividend yields of SPUU and SSO?

SPUU has a higher dividend yield of 1.26%, while SSO offers a lower yield of 0.63%. Both funds distribute dividends based on their holdings. However, SPUU's higher yield may be more attractive for income-focused investors, but this does not necessarily correlate with superior performance.

What are the key differences between SPUU and SSO?

SPUU is newer, launched in 2014, with smaller assets under management of $285 million. It also has a slightly higher dividend yield and lower expense ratio. Conversely, SSO is older, established in 2006, with $8.8 billion in assets. The choice depends on your investment strategy and preferences.

What does a leveraged fund mean?

A leveraged fund seeks to amplify the performance of its underlying index by a specific multiple, such as 2x the daily return. Leveraged funds carry higher risk due to volatility and compounding effects, which may not mirror the long-term index performance.

How do SPUU and SSO compare in terms of net assets?

SSO has $8.8 billion in net assets, indicating it is more liquid and potentially less volatile in trades. In contrast, SPUU has $285 million in net assets, which might imply lower liquidity. The difference in assets under management can affect trading volumes and price stability.

Which type of investor might prefer SPUU over SSO?

Investors looking for a slightly higher dividend yield and lower expense ratio may lean towards SPUU. Additionally, those comfortable with smaller AUM could consider SPUU. However, be aware of the potential for lower liquidity and higher volatility associated with SPUU.

What should investors consider before choosing between SPUU and SSO?

Investors should consider their goals: income, fee sensitivity, or liquidity. SPUU might appeal to those looking for higher dividends and lower fees, while SSO could attract investors seeking more established liquidity and a long-term track record. Both have significant volatility risks.

How can investors evaluate fund fees over time?

Over time, even a 0.27 percentage point difference in fees can impact net returns. SPUU's 0.60% and SSO's 0.87% are the key figures. Investors should consider the compounding effect of fees on their total return over longer holding periods.

SPUU vs SSO

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

Compare SPUU and SSO for fees, holdings, dividends and how each tracks the market. SPUU charges 0.60% with $285m in assets, while SSO charges 0.87% with $8.8bn. Review yields, inception dates and top holdings to understand differences. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

SPUU

Metric

SSO

0.60%

Expense Ratio

0.87%

1.26%

Dividend Yield

0.63%

$285.09M

Net Assets

$8.84B

517

Holdings

523

May 28, 2014

Inception Date

Jun 19, 2006

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Index Tracked

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Trading--Leveraged Equity

Fund Category

Trading--Leveraged Equity

SPUU costs about $27.00 less per year for every $10,000 invested.

Shared Top Holdings

Holding	SPUU	SSO
NVDANVIDIA Corporation	3.74%	5.70%
AAPLApple Inc.	3.49%	5.19%
MSFTMicrosoft Corporation	2.60%	3.88%
AMZNAmazon.com, Inc.	1.73%	2.64%
GOOGLAlphabet Inc.	1.43%	2.17%
AVGOBroadcom Inc.	1.16%	1.80%
GOOGAlphabet Inc.	1.14%	1.73%
METAMeta Platforms, Inc.	1.06%	1.55%
MUMicron Technology, Inc.	0.78%	1.21%
TSLATesla, Inc.	0.73%	1.09%

Investment Analysis

SPUU

Pros

SPUU offers a lower expense ratio of 0.60 per cent compared to the 0.87 per cent charged by SSO.
It provides a higher dividend yield of 1.26 per cent relative to the 0.63 per cent yield of SSO.
Launched on 28 May 2014, SPUU is a more recent fund that may reflect updated operational structures.

Considerations

The net assets of SPUU are significantly smaller at $285 million versus $8.8 billion for SSO.
It is a leveraged equity fund carrying a 2x daily return objective which introduces volatility risk.
The fund's top holdings include NVDA at 3.74 per cent and AAPL at 3.49 per cent concentration.

SSO

Pros

With net assets of $8.8 billion, SSO benefits from substantial liquidity and trading volume potential.
It has been in operation since 19 June 2006, providing a long-term track record for investors.
The fund features a more diversified portfolio with lower individual stock weights, such as NVDA at 5.70 per cent.

Considerations

SSO charges a higher expense ratio of 0.87 per cent compared to the 0.60 per cent of SPUU.
It yields only 0.63 per cent in dividends which is less attractive for income-focused investors.
The fund tracks leveraged daily returns with a 2x objective which can lead to compounding volatility.

About SPUU and SSO

SPUU (SPUU)

The Direxion Daily S&P 500 Bull 2X ETF (SPUU) is a leveraged equity exchange-traded fund designed to deliver daily investment results, before fees and expenses, that correspond to two times (200%) the performance of the S&P 500 Index. It uses financial derivatives, including equity index swaps and futures, rather than physical holdings of all index constituents, to achieve its leverage target. With an expense ratio of 0.60% and approximately 517 holdings, this fund is primarily suited for short-term trading strategies rather than long-term holding. Investors should be aware that due to daily resetting, compounding effects and volatility can cause the fund’s value to diverge significantly from its intended multiple over longer periods. Returns are not guaranteed, and the value of leveraged instruments can fluctuate rapidly, making this a complex product best understood by those familiar with leverage mechanisms and market risks.

SSO (SSO)

The ProShares Ultra S&P 500 (SSO) is an exchange-traded fund designed to provide daily investment results that correspond to two times (2x) the daily performance of the S&P 500 Index. By using swap agreements rather than holding the underlying securities directly, it aims to amplify returns for investors seeking leveraged exposure to large-cap US companies. It is important to note that this is a trading vehicle, not a buy-and-hold strategy. Due to the mechanics of daily rebalancing, compounding effects can cause returns to differ significantly from a simple 2x multiple over periods longer than a single day. The fund holds no direct dividends but may track income sources; however, its primary focus is capital appreciation through leverage. Expenses are 0.87%, which is higher than standard index funds. This tool is suited for experienced traders who understand the risks of leverage, as losses can also be magnified by two times daily movements. Market conditions, volatility, and interest rate changes can impact performance.

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SPUU vs SSO

Fund Snapshot

Investment Analysis

SPUU

Pros

Considerations

SSO

Pros

Considerations

About SPUU and SSO

Buy SPUU or SSO in Nemo

Zero Commission

Trusted & Regulated

6% Interest on Cash

Frequently asked questions

How do SPUU and SSO fees compare?

What do SPUU and SSO track?

Do SPUU and SSO share similar holdings?

What are the dividend yields of SPUU and SSO?

What are the key differences between SPUU and SSO?

What does a leveraged fund mean?

How do SPUU and SSO compare in terms of net assets?

Which type of investor might prefer SPUU over SSO?

What should investors consider before choosing between SPUU and SSO?

How can investors evaluate fund fees over time?

Fund Snapshot

About SPUU and SSO