{"url":"https://etfiq.com/compare/leverage/spyq-vs-sso","section":"compare","title":"SPYQ vs SSO: Leverage, Returns & Decay | ETFIQ","description":"SPYQ sets out to return +2 times SPY each day and SSO +2 times. Over the three months to Oct 22, 2026 they finished \u22121.9 pts and \u22121.6 pts away.","as_of":"Oct 22, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its daily multiple, SPYQ or SSO?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Oct 22, 2026, SPYQ finished 1.9 points from what its multiple implies and SSO finished 1.6 points from its own, so SSO came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are SPYQ and SSO levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on the S&P 500, SPYQ at +2 times and SSO at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, SPYQ or SSO?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window SPYQ\u2019s moved at 11% annualized and SSO\u2019s at 11%, so SPYQ has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold SPYQ or SSO for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day, and daily results compound. Over a year the total is not the multiple times the year\u2019s move; after a fall and recovery it is lower."}},{"@type":"Question","name":"Which is cheaper, SPYQ or SSO?","acceptedAnswer":{"@type":"Answer","text":"SPYQ charges 1.00% a year and SSO charges 0.84%, so SSO is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"SPYQ vs SSO","item":"https://etfiq.com/compare/leverage/spyq-vs-sso"}]},{"@type":"WebPage","name":"SPYQ vs SSO: Leverage, Returns & Decay","description":"SPYQ sets out to return +2 times SPY each day and SSO +2 times. Over the three months to Oct 22, 2026 they finished \u22121.9 pts and \u22121.6 pts away.","url":"https://etfiq.com/compare/leverage/spyq-vs-sso","dateModified":"2026-10-22","abstract":"Over the days both have traded, SPYQ finished 1.9 points from its stated multiple and SSO 1.6.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of SPYQ and SSO","description":"SPYQ sets out to return +2 times SPY each day and SSO +2 times. Over the three months to Oct 22, 2026 they finished \u22121.9 pts and \u22121.6 pts away.","dateModified":"2026-10-22","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/spyq-vs-sso","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":7467,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Compare ETFs / SPYQ vs SSO \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 22, 2026 .\n\n SPYQ vs SSO: Leverage, Returns & Decay\n\n Over the days both have traded, SPYQ finished 1.9 points from its stated multiple and SSO 1.6.\n Copy this for sharing \n \n SSO costs 0.16 points a year less; their one-year returns differ by 2.0 points; SSO is far larger, $8.6bn against $13m.\n SPYQ and SSO at a glance. As of Oct 22, 2026. Source: ETFIQ. SPYQ SSO \n Expense ratio 1.00% 0.84% \n Net assets $13m $8.6bn \n Total return, 1 year +22.5% +24.5% \n What it tracks S&P 500 S&P 500","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, SPYQ against SSO, data as of Oct 22, 2026. https://etfiq.com/compare/leverage/spyq-vs-sso","a":{"ticker":"SPYQ","name":"Tradr 2X Long SPY Quarterly ETF","issuer":"Tradr","desk":"leverage","as_of":"2026-10-22","verdict":"Over the three months to Oct 22, 2026, SPYQ returned 5.5%, against 7.3% for twice SPY's daily moves.","url":"https://etfiq.com/funds/spyq","key_facts":[{"label":"What SPY did","value":"+3.7%","as_of":"2026-10-22","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"What 2 times a day gives","value":"+7.3%","as_of":"2026-10-22","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"What the fund returned","value":"+5.5%","as_of":"2026-10-22","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Gap to 2 times a day","value":"\u22121.8 pts","as_of":"2026-10-22","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"12-month yield, capital gains included, on its starting price","value":"0.2%","as_of":"2026-10-22","source":"computed by ETFIQ from Tiingo daily prices and distributions"},{"label":"Last payment, ex-date Dec 23, 2025","value":"$0.2711","as_of":"2025-12-23","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$13m","as_of":"2026-10-22","source":"the issuer\u2019s own daily fund list, as of Oct 22, 2026"},{"label":"Expense ratio","value":"1.00%","as_of":"2026-08-05","source":"497 XBRL, Aug 5, 2026"}]},"b":{"ticker":"SSO","name":"ProShares Ultra S&P500","issuer":"ProShares","desk":"leverage","as_of":"2026-10-22","verdict":"Over the three months to Oct 22, 2026, SSO returned 5.8%, against 7.3% for twice SPY's daily moves.","url":"https://etfiq.com/funds/sso","key_facts":[{"label":"What SPY did","value":"+3.7%","as_of":"2026-10-22","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"What 2 times a day gives","value":"+7.3%","as_of":"2026-10-22","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"What the fund returned","value":"+5.8%","as_of":"2026-10-22","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Gap to 2 times a day","value":"\u22121.5 pts","as_of":"2026-10-22","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"12-month yield, capital gains included, on its starting price","value":"0.8%","as_of":"2026-10-22","source":"computed by ETFIQ from Tiingo daily prices and distributions"},{"label":"Last payment (paid quarterly), ex-date Sep 23, 2026","value":"$0.1179","as_of":"2026-09-23","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$8.6bn","as_of":"2026-10-22","source":"issuer page, as of Oct 22, 2026"},{"label":"Expense ratio","value":"0.84%","as_of":"2026-09-25","source":"485BPOS XBRL, Sep 25, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/spyq-vs-sso"}