- ISIN
- US74347G7887
- CUSIP
- 74347G788
- Issuer
- ProShares
- Inception Date
- Jan 19, 2021
- Region
- North America (U.S.)
- Category
- Leveraged Equities, Cloud Computing
- Leveraged
- 2x
- Index Tracked
- ISE Cloud Computing Index (200%)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Assets Under Management
- $3M
Share Price Chart
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Performance
SKYU Performance Chart
ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) is down 8.4% since the beginning of the year. SKYU is currently trading at $34 per share. Investors who bought $1,000 worth of SKYU shares 5 years ago would now be looking at an investment worth $754.
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Returns By Period
ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) has returned -8.42% so far this year and 11.26% over the past 12 months.
ProShares Ultra Nasdaq Cloud Computing ETF
- 1D
- -3.56%
- 1M
- -7.11%
- YTD
- -8.42%
- 6M
- -12.91%
- 1Y
- 11.26%
- 3Y*
- 27.77%
- 5Y*
- -5.49%
- 10Y*
- —
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%
SKYU Monthly Returns History
Based on dividend-adjusted daily data since Jan 21, 2021, SKYU's average daily return is +0.06%, while the average monthly return is +0.82%. At this rate, an investment would double in approximately 7.1 years.
Historically, 52% of months were positive and 48% were negative. The best month was May 2026 with a return of +46.0%, 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 52% 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% | 16.34% | 45.95% | -20.86% | -8.42% | ||||||
| 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 | -1.04% | 2.06% | -8.48% | 10.17% | -5.38% | 15.46% | 0.20% | 5.85% | -5.89% | 14.24% | -10.05% | -6.37% | 6.83% |
Benchmark Metrics
ProShares Ultra Nasdaq Cloud Computing ETF has an annualized alpha of -21.14%, beta of 2.84, and R2 of 0.61 versus S&P 500 Index. Calculated based on daily prices since January 21, 2021.
- This ETF captured 214.40% of S&P 500 Index gains and 211.49% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF had an annualized alpha of -21.14% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of 2.84 means this ETF moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- -21.14%
- Beta
- 2.84
- R²
- 0.61
- Upside Capture
- 214.40%
- Downside Capture
- 211.49%
Expense Ratio
SKYU has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
SKYU ranks 12 for risk / return — in the bottom 12% 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 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.
| SKYU | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.37 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 2.78 | -2.56 |
| Martin ratioReturn relative to average drawdown | 0.46 | 12.44 | -11.98 |
Dividends
Dividend History
ProShares Ultra Nasdaq Cloud Computing ETF provided a 0.76% 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 | 0.76% | 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 | $0.00 | $0.00 | $0.00 | $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 41.03%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 bear market2023 | -83.01%Jan 2023 | 1y 1mo | — | 4y 7moNov 2021 - now |
2021 bear market2021 | -32.30%May 2021 | 3mo 1d | 5mo 10d | 8mo 11dFeb 2021 - Oct 2021 |
2021 pullback2021 | -3.51%Jan 2021 | 2d | 4d | 6dJan 2021 - Feb 2021 |
2021 pullback2021 | -3.46%Oct 2021 | 0s | 9d | 9dOct 2021 - Nov 2021 |
2021 pullback2021 | -2.52%Nov 2021 | 0s | 3d | 3dNov 2021 - Nov 2021 |
Drawdown Indicators
| SKYU | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.01% | -56.78% | -26.23% |
Max Drawdown (1Y)Largest decline over 1 year | -50.23% | -9.10% | -41.13% |
Max Drawdown (3Y)Largest decline over 3 years | -55.71% | -18.90% | -36.81% |
Max Drawdown (5Y)Largest decline over 5 years | -83.01% | -25.43% | -57.58% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -41.03% | -1.80% | -39.23% |
Average DrawdownAverage peak-to-trough decline | -49.01% | -10.71% | -38.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.45% | 2.03% | +22.42% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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