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
SKYU 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, SKYU vs. FCLD, SKYU vs. FNGU, SKYU vs. TQQQ, SKYU vs. TECL
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 70.35% year-to-date (YTD) and 104.28% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 70.35% | 25.48% |
| 1 month | 25.94% | 2.14% |
| 6 months | 46.27% | 12.76% |
| 1 year | 104.28% | 33.14% |
| 5 years (annualized) | N/A | 13.96% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of SKYU, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 3.22% | 10.87% | 0.80% | -11.20% | -2.22% | 12.47% | -1.67% | 4.44% | 8.48% | 5.10% | 70.35% | ||
| 2023 | 22.30% | -4.19% | 10.74% | -11.42% | 29.56% | 9.32% | 11.16% | -1.36% | -11.35% | -8.67% | 24.88% | 14.00% | 105.75% |
| 2022 | -22.40% | -13.73% | 11.87% | -33.81% | -15.96% | -15.39% | 12.02% | -6.05% | -23.71% | 10.30% | -6.48% | -17.62% | -75.95% |
| 2021 | -0.76% | 2.06% | -8.48% | 10.17% | -5.39% | 15.46% | 0.20% | 5.85% | -5.89% | 14.24% | -10.05% | -6.37% | 7.15% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SKYU is 68, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
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
ProShares Ultra Nasdaq Cloud Computing ETF provided a 0.09% dividend yield over the last twelve months, with an annual payout of $0.03 per share.
| Period | TTM |
|---|---|
| Dividend | $0.03 |
Dividend yield | 0.09% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.00 | $0.00 | $0.03 |
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.
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 35.61%.
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 13.15%, 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.