SSO trading strategies, backtested
ProShares Ultra S&P500 — 2x daily leveraged S&P 500. Every DeployQuant template run on SSO over 5.5 years of minute data, same engine, same window, sorted by return.
| Strategy | CAGR | max DD | Sharpe | trades | win rate | final value |
|---|---|---|---|---|---|---|
| RSI(2) Dip Snapback | 25.7% | −25.2% | 1.14 | 164 | 71% | $35,465 |
| Weekly Entry + 7% Target | 21.5% | −28.5% | 0.88 | 143 | 38% | $29,415 |
| EMA 12/26 Trend | 19.2% | −22.9% | 0.94 | 19 | 47% | $26,398 |
| First-to-Last Day of Month | 18.0% | −44.0% | 0.70 | 67 | 64% | $24,982 |
| 20-Day Momentum + Trailing Stop | 14.8% | −24.2% | 0.80 | 13 | 62% | $21,425 |
| Drawdown Dip Buyer + 8% Target | 13.5% | −41.6% | 0.60 | 9 | 100% | $20,133 |
| 200-Day SMA Regime Filter | 12.1% | −31.2% | 0.68 | 17 | 35% | $18,767 |
| SMA-200 Trend + 15% Trailing Stop | 10.7% | −39.0% | 0.60 | 8 | 50% | $17,532 |
| SMA 10/50 Trend | 9.1% | −32.1% | 0.53 | 14 | 57% | $16,220 |
| 3-Month Momentum Switch | 8.9% | −39.5% | 0.54 | 16 | 50% | $16,056 |
| Golden Cross (SMA 50/200) | 8.1% | −36.0% | 0.46 | 2 | 50% | $15,365 |
| RSI(14) Mean Reversion | 5.8% | −34.9% | 0.35 | 12 | 75% | $13,661 |
| Buy & hold SSO | 21.5% | −46.1% | 0.78 | — | — | $29,413 |
Build it from blocks (or type it in English), backtest it on 5.5 years of minute data in seconds, tweak any parameter, then paper trade it on live data. No card, no broker needed to start.
Frequently asked questions
What was the best strategy for SSO?
Of the 12 templates tested on SSO over 2021-01-04–2026-07-17, the strongest by CAGR was RSI(2) snapback at 25.7% (max drawdown 25.2%), versus 21.5% for buy-and-hold. Best-in-hindsight is not a forecast — check drawdowns and trade counts before drawing conclusions.
Did any strategy beat buying and holding SSO?
1 of 12 templates beat SSO buy-and-hold (21.5% CAGR) on this window; 12 of 12 had a shallower maximum drawdown than holding (46.1%).
Other leveraged etfs
Backtests are hypothetical, computed by DeployQuant's engine on minute-resolution consolidated US market data (2021-01-04 to 2026-07-17, $10,000 starting capital, no margin, fees and slippage not modeled) and do not guarantee future results. Nothing on this page is investment advice. Live trading involves risk of loss.