ProShares Ultra Nasdaq Cloud Computing ETF (SKYU)
SKYU is a passive ETF by ProShares tracking the investment results of the ISE Cloud Computing Index (200%). SKYU launched on Jan 19, 2021 and has a 0.95% expense ratio.
ETF Info
| ISIN | US74347G7887 |
|---|---|
| CUSIP | 74347G788 |
| Issuer | ProShares |
| Inception Date | Jan 19, 2021 |
| Region | North America (U.S.) |
| Category | Leveraged Equities, Cloud Computing, Leveraged |
| Leveraged | 2x |
| Index Tracked | ISE Cloud Computing Index (200%) |
| Home Page | www.proshares.com |
| Asset Class | Equity |
Expense Ratio
The ProShares Ultra Nasdaq Cloud Computing ETF has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: SKYU vs. CLOU, SKYU vs. SKYY, SKYU vs. QQQ
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.
Returns By Period
ProShares Ultra Nasdaq Cloud Computing ETF had a return of 6.49% year-to-date (YTD) and 98.80% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.49% | 5.84% |
| 1 month | -8.28% | -2.98% |
| 6 months | 56.52% | 22.02% |
| 1 year | 98.80% | 24.47% |
| 5 years (annualized) | N/A | 11.44% |
| 10 years (annualized) | N/A | 10.46% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 3.22% | 10.87% | 0.80% | |||||||||
| 2023 | -11.35% | -8.67% | 24.89% | 14.00% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
ProShares Ultra Nasdaq Cloud Computing ETF(SKYU)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 59.75%.
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 current ProShares Ultra Nasdaq Cloud Computing ETF volatility is 11.73%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.