METD vs SSO
Direxion Daily META Bear 1X ETF vs ProShares Ultra S&P500
Which is better, METD or SSO?
Opposite sides of the same exposure.
SSO has a lower expense ratio. SSO led over 1Y and the full window. The two move opposite each other, correlation -0.51, so holding both offsets the exposure while paying both fees.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | METD | SSO |
|---|---|---|
| Expense Ratio | 1.02% | 0.84%Best |
| AUM | $11M | $9.2B |
| Dividend Yield | 2.82% | 0.69% |
| Holdings | 16 | 521 |
| YTD Return | -20.74% | +21.98%Best |
| 1Y Return | -14.38% | +28.56%Best |
| 3Y Return (annualized) | - | +37.60% |
| 5Y Return (annualized) | - | +17.88% |
| Volatility (annualized) | 32.0% | 24.1%Best |
| Max Drawdown | -50.6% | -35.2%Best |
| $10,000 over 2.4 years | $5,539 | $18,162Best |
| Fund Family | Direxion Shares ETF Trust | ProShares |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jun 5, 2024 | Jun 19, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: Jun 5, 2024 to Oct 14, 2026 (2.4 years).
METD vs SSO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.4 years both funds cover.
METD vs SSO Performance
Direxion Daily META Bear 1X ETF (METD) is an ETF from Direxion Shares ETF Trust and ProShares Ultra S&P500 (SSO) is an ETF from ProShares. Over the past year METD returned -14.38% while SSO returned +28.56%. Year to date, METD is down 20.74% versus a gain of 21.98% for SSO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
METD has been the more volatile fund, with annualized monthly volatility of 32.0% compared with 24.1% for SSO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -50.6% for METD and -35.2% for SSO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.51. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
Fees and Cost Over Time
METD charges 1.02% per year while SSO charges 0.84%. On a $10,000 position that is $102 vs $84 annually, a gap of $18 per year that compounds over a long holding period. On income, METD currently yields 2.82% against 0.69% for SSO.
Holdings Overlap
We hold position weights for 3 holdings in METD and 504 in SSO, totalling 73.0% and 82.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 3 positions we hold weights for in METD and 504 in SSO, against full books of 16 and 521.
You are not choosing between two funds in isolation.
Whichever of METD and SSO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, METD or SSO?
METD has an expense ratio of 1.02% while SSO charges 0.84%. SSO is the cheaper option, by $18 a year on a $10,000 investment.
Which performed better, METD or SSO?
Over the past year METD returned -14.38% vs +28.56% for SSO, so SSO leads on 1-year performance. Over the longest common window we track (2 years), METD annualized -21.82% vs +28.23% for SSO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, METD or SSO?
METD has been the more volatile fund at 32.0% annualized versus 24.1% for SSO. Worst drawdown: METD -50.6% vs SSO -35.2%.
Should I hold both METD and SSO?
METD and SSO have a monthly-return correlation of -0.51, so they move opposite each other. Holding both offsets the exposure rather than spreading it, and pays both funds' fees on the way. This is information, not a recommendation.
Which pays a higher dividend, METD or SSO?
METD yields 2.82% while SSO yields 0.69%, so METD currently pays the higher dividend yield.
Is SSO better than METD?
SSO has a lower expense ratio. SSO led over 1Y and the full window. The two move opposite each other, correlation -0.51, so holding both offsets the exposure while paying both fees. Which one suits a particular account depends on what it is for. This is information, not a recommendation.