How does SSO work?

Discussion in 'Stocks' started by short&naked, Sep 21, 2008.

  1. SSO is a leveraged ETF that tracks the SP500. However, I'd like to know exactly how it works? And why does it only approximate the underlying index?

    Understanding how it works, might give some indication as to how reliable the correlation between these two issues is.
  2. gkishot