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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ProShares Ultra Nasdaq Cloud Computing ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) has returned -31.85% so far this year and -0.99% over the past 12 months.
ProShares Ultra Nasdaq Cloud Computing ETF
- 1D
- 7.85%
- 1M
- -1.44%
- YTD
- -31.85%
- 6M
- -37.67%
- 1Y
- -0.99%
- 3Y*
- 22.57%
- 5Y*
- -8.62%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Jan 21, 2021, SKYU's average daily return is +0.04%, while the average monthly return is +0.21%. At this rate, your investment would double in approximately 27.5 years.
Historically, 51% of months were positive and 49% were negative. The best month was Nov 2024 with a return of +33.3%, while the worst month was Apr 2022 at -33.8%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 4 months.
On a daily basis, SKYU closed higher 51% of trading days. The best single day was Apr 9, 2025 with a return of +24.1%, while the worst single day was Apr 3, 2025 at -15.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -17.07% | -16.62% | -1.44% | -31.85% | |||||||||
| 2025 | 14.49% | -16.54% | -25.98% | -0.16% | 20.48% | 11.00% | 1.60% | 6.02% | 10.46% | 11.47% | -18.93% | 1.20% | 2.76% |
| 2024 | 3.22% | 10.87% | 0.80% | -11.20% | -2.22% | 12.47% | -1.67% | 4.44% | 8.48% | 5.10% | 33.28% | -5.69% | 65.79% |
| 2023 | 22.30% | -4.19% | 10.73% | -11.42% | 29.57% | 9.32% | 11.16% | -1.36% | -11.35% | -8.67% | 24.89% | 14.00% | 105.76% |
| 2022 | -22.40% | -13.73% | 11.87% | -33.81% | -15.96% | -15.38% | 12.02% | -6.05% | -23.72% | 10.31% | -6.47% | -17.62% | -75.95% |
| 2021 | -0.76% | 2.06% | -8.48% | 10.17% | -5.38% | 15.46% | 0.20% | 5.85% | -5.89% | 14.24% | -10.05% | -6.37% | 7.15% |
Benchmark Metrics
ProShares Ultra Nasdaq Cloud Computing ETF has an annualized alpha of -21.58%, beta of 2.85, and R² of 0.64 versus S&P 500 Index. Calculated based on daily prices since January 22, 2021.
- This ETF participated in 203.38% of S&P 500 Index downside but only 181.67% of its upside — more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -21.58% versus S&P 500 Index — delivering less than market exposure alone would predict.
- Beta of 2.85 means this ETF moves significantly more than S&P 500 Index — expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- -21.58%
- Beta
- 2.85
- R²
- 0.64
- Upside Capture
- 181.67%
- Downside Capture
- 203.38%
Expense Ratio
SKYU has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
SKYU ranks 13 for risk / return — in the bottom 13% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) and compare them to a chosen benchmark (S&P 500 Index).
| SKYU | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.02 | 0.90 | -0.91 |
Sortino ratioReturn per unit of downside risk | 0.40 | 1.39 | -0.99 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.21 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | -0.07 | 1.40 | -1.47 |
Martin ratioReturn relative to average drawdown | -0.17 | 6.61 | -6.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore SKYU risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
ProShares Ultra Nasdaq Cloud Computing ETF provided a 1.02% dividend yield over the last twelve months, with an annual payout of $0.26 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.26 | $0.20 | $0.08 |
Dividend yield | 1.02% | 0.56% | 0.21% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares Ultra Nasdaq Cloud Computing ETF. 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 | $0.06 | $0.06 | |||||||||
| 2025 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.12 | $0.20 |
| 2024 | $0.03 | $0.00 | $0.00 | $0.04 | $0.08 |
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 Nasdaq Cloud Computing ETF. 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 Nasdaq Cloud Computing ETF was 83.01%, occurring on Jan 5, 2023. The portfolio has not yet recovered.
The current ProShares Ultra Nasdaq Cloud Computing ETF drawdown is 56.11%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -83.01% | Nov 10, 2021 | 290 | Jan 5, 2023 | — | — | — |
| -32.3% | Feb 10, 2021 | 64 | May 12, 2021 | 111 | Oct 19, 2021 | 175 |
| -3.51% | Jan 27, 2021 | 3 | Jan 29, 2021 | 2 | Feb 2, 2021 | 5 |
| -3.46% | Oct 26, 2021 | 1 | Oct 26, 2021 | 7 | Nov 4, 2021 | 8 |
| -2.52% | Nov 5, 2021 | 1 | Nov 5, 2021 | 1 | Nov 8, 2021 | 2 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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