The ProShares Ultra S&P 500 ETF (SSO) and the Direxion Daily S&P 500 Bull 3X Shares ETF (SPXL) offer traders and investors magnified returns from daily moves in the S&P 500. SPXL targets triple the daily move of the S&P 500, resulting in greater potential upside and downside, while SSO aims for double. SPXL has higher risk and reward potential, with deeper drawdowns and more volatility. Both funds charge the same fees, but SPXL offers a slightly higher dividend yield. Performance-wise, SPXL has outperformed SSO over the past five years. Investors must weigh the potential returns against the increased volatility when considering these leveraged ETFs.

Read more at Nasdaq: SPXL vs. SSO: Do These Leveraged ETFs’ Big Swings Pay Off for Investors? Here’s What You Need to Know