SSO’s worst drop since 2006 was 85%
ProShares Ultra S&P 500 (2x) (SSO) fell 85% from Oct 2007 to Mar 2009. It took 6.0 years from that peak to close at a new high, in Oct 2013. Over the same years the S&P 500 fell as much as 55%.
That drop ranks 5th deepest among the 12 leveraged ETFs PortfolioAutopsy tracks.
Drawdown from the last high, 2006 to now
How SSO held up in each crash
| Crash | Years | SSO | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | −84.7% | −55.2% |
| COVID crash | 2020 | −59.4% | −33.7% |
| 2022 rate shock | 2022 | −46.7% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
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What was SSO’s maximum drawdown?
SSO’s deepest fall since 2006 was 84.7%, from its high on October 9, 2007 to its low on March 9, 2009. The figure uses daily prices with dividends reinvested.
How long did SSO take to recover?
6.0 years. SSO first closed above its Oct 2007 high again on October 22, 2013.
Was SSO riskier than the S&P 500?
Over the same years, SSO’s worst drop was 84.7% against 55.2% for the S&P 500 (SPY), and its worst 12 months were −77.9% against −47.4%.
Compare with
Daily adjusted closes from Yahoo Finance, June 22, 2006 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.