- ISIN
- US74347R7355
- CUSIP
- 74347R735
- Issuer
- ProShares
- Inception Date
- Jan 30, 2007
- Region
- North America (U.S.)
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- Dow Jones U.S. Health Care Index (200%)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $70M
Share Price Chart
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Performance
RXL Performance Chart
ProShares Ultra Health Care (RXL) is down 7.7% since the beginning of the year. RXL is currently trading at $48 per share. Investors who bought $1,000 worth of RXL shares 5 years ago would now be looking at an investment worth $1,086.
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Returns By Period
ProShares Ultra Health Care (RXL) has returned -7.67% so far this year and 23.50% over the past 12 months. Over the last ten years, RXL has returned 12.77% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
ProShares Ultra Health Care
- 1D
- 1.82%
- 1M
- 0.50%
- YTD
- -7.67%
- 6M
- -8.46%
- 1Y
- 23.50%
- 3Y*
- 3.77%
- 5Y*
- 1.66%
- 10Y*
- 12.77%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
RXL Monthly Returns History
Based on dividend-adjusted daily data since Feb 1, 2007, RXL's average daily return is +0.08%, while the average monthly return is +1.45%. At this rate, an investment would double in approximately 4.0 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2020 with a return of +26.4%, while the worst month was Oct 2008 at -26.4%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 4 months.
On a daily basis, RXL closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +21.4%, while the worst single day was Mar 16, 2020 at -19.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.63% | 6.62% | -16.20% | -1.41% | 4.15% | 1.28% | -7.67% | ||||||
| 2025 | 13.49% | 2.34% | -4.69% | -7.75% | -11.86% | 3.47% | -7.41% | 10.45% | 2.84% | 6.78% | 18.42% | -3.30% | 19.76% |
| 2024 | 5.71% | 5.82% | 4.09% | -10.57% | 3.83% | 3.56% | 4.56% | 9.49% | -3.84% | -9.26% | -0.23% | -12.83% | -2.72% |
| 2023 | -3.43% | -8.90% | 2.75% | 5.75% | -8.72% | 7.94% | 1.08% | -1.79% | -6.53% | -6.94% | 10.21% | 8.06% | -3.15% |
| 2022 | -15.01% | -2.41% | 10.34% | -11.53% | 2.08% | -5.61% | 6.80% | -11.46% | -6.48% | 18.07% | 8.44% | -4.08% | -15.26% |
| 2021 | 4.79% | -3.91% | 4.70% | 8.27% | 2.51% | 5.35% | 9.02% | 4.81% | -10.81% | 9.32% | -7.42% | 16.45% | 48.06% |
Benchmark Metrics
ProShares Ultra Health Care has an annualized alpha of 4.34%, beta of 1.40, and R2 of 0.65 versus S&P 500 Index. Calculated based on daily prices since February 01, 2007.
- This ETF captured 183.35% of S&P 500 Index gains and 143.67% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF generated an annualized alpha of 4.34% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 4.34%
- Beta
- 1.40
- R²
- 0.65
- Upside Capture
- 183.35%
- Downside Capture
- 143.67%
Expense Ratio
RXL has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
RXL ranks 23 for risk / return — below 23% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProShares Ultra Health Care (RXL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RXL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.37 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 2.78 | -1.68 |
| Martin ratioReturn relative to average drawdown | 2.53 | 12.44 | -9.91 |
Dividends
Dividend History
ProShares Ultra Health Care provided a 1.57% dividend yield over the last twelve months, with an annual payout of $0.75 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.75 | $0.74 | $0.53 | $0.08 | $0.15 | $0.05 | $0.06 | $0.08 | $0.07 | $0.03 | $0.02 | $0.15 |
Dividend yield | 1.57% | 1.43% | 1.22% | 0.18% | 0.32% | 0.10% | 0.15% | 0.27% | 0.32% | 0.11% | 0.12% | 0.93% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares Ultra Health Care. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.00 | $0.14 | ||||||
| 2025 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.18 | $0.74 |
| 2024 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.15 | $0.53 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2022 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.15 |
| 2021 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.05 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares Ultra Health Care. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ProShares Ultra Health Care was 67.70%, occurring on Mar 5, 2009. Recovery took 776 trading sessions.
The current ProShares Ultra Health Care drawdown is 16.09%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -67.70%Mar 2009 | 1y 10mo | 3y 29d | 4y 11moMay 2007 - Apr 2012 |
COVID crash2020 | -51.00%Mar 2020 | 2mo | 5mo 11d | 7mo 11dJan 2020 - Aug 2020 |
2016 bear market2016 | -37.53%Feb 2016 | 6mo 25d | 1y 4mo | 1y 11moJul 2015 - Jun 2017 |
2025 bear market2025 | -36.08%Aug 2025 | 11mo 8d | — | 1y 9moSep 2024 - now |
2023 bear market2023 | -33.35%Oct 2023 | 1y 10mo | 9mo 27d | 2y 7moDec 2021 - Aug 2024 |
Drawdown Indicators
| RXL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.70% | -56.78% | -10.92% |
Max Drawdown (1Y)Largest decline over 1 year | -21.33% | -9.10% | -12.23% |
Max Drawdown (3Y)Largest decline over 3 years | -36.08% | -18.90% | -17.18% |
Max Drawdown (5Y)Largest decline over 5 years | -36.08% | -25.43% | -10.65% |
Max Drawdown (10Y)Largest decline over 10 years | -51.00% | -33.92% | -17.08% |
Current DrawdownCurrent decline from peak | -16.09% | -1.80% | -14.29% |
Average DrawdownAverage peak-to-trough decline | -15.85% | -10.71% | -5.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.31% | 2.03% | +7.28% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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