- ISIN
- US74347B4905
- CUSIP
- 74347B490
- Issuer
- ProShares
- Inception Date
- Apr 27, 2010
- Region
- Latin America (Brazil)
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- MSCI Brazil Index (200%)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $4M
Share Price Chart
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Performance
UBR Performance Chart
ProShares Ultra MSCI Brazil (UBR) is up 13.0% since the beginning of the year. UBR is currently trading at $30 per share. Investors who bought $1,000 worth of UBR shares 5 years ago would now be looking at an investment worth $767.
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Returns By Period
ProShares Ultra MSCI Brazil (UBR) has returned 13.03% so far this year and 56.81% over the past 12 months. Over the last ten years, UBR has returned -1.90% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
ProShares Ultra MSCI Brazil
- 1D
- -5.40%
- 1M
- -21.46%
- YTD
- 13.03%
- 6M
- 3.25%
- 1Y
- 56.81%
- 3Y*
- 8.90%
- 5Y*
- -5.17%
- 10Y*
- -1.90%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
UBR Monthly Returns History
Based on dividend-adjusted daily data since May 7, 2010, UBR's average daily return is +0.03%, while the average monthly return is +0.58%. At this rate, an investment would double in approximately 10.0 years.
Historically, 47% of months were positive and 53% were negative. The best month was Mar 2016 with a return of +61.9%, while the worst month was Mar 2020 at -72.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 7 months.
On a daily basis, UBR closed higher 50% of trading days. The best single day was Mar 13, 2020 with a return of +31.3%, while the worst single day was Mar 16, 2020 at -36.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 34.17% | 8.34% | -3.62% | 6.42% | -19.21% | -6.17% | 13.03% | ||||||
| 2025 | 25.93% | -10.65% | 14.06% | 7.45% | 0.41% | 15.67% | -16.34% | 21.94% | 10.02% | 0.16% | 15.38% | -5.60% | 96.11% |
| 2024 | -11.98% | -0.43% | -4.07% | -9.39% | -10.35% | -10.01% | 2.52% | 14.28% | -3.11% | -11.88% | -16.81% | -16.01% | -57.05% |
| 2023 | 15.13% | -19.53% | -1.73% | 5.02% | 3.00% | 31.61% | 7.77% | -17.56% | -2.56% | -7.35% | 29.16% | 11.69% | 49.98% |
| 2022 | 26.06% | 8.29% | 30.65% | -25.57% | 14.24% | -35.11% | 11.49% | 8.83% | -7.96% | 18.98% | -9.69% | -10.58% | 5.60% |
| 2021 | -15.87% | -13.94% | 8.51% | 12.02% | 19.23% | 11.40% | -16.33% | -5.36% | -23.15% | -17.79% | -2.83% | 7.30% | -39.03% |
Benchmark Metrics
ProShares Ultra MSCI Brazil has an annualized alpha of -19.04%, beta of 2.15, and R2 of 0.33 versus S&P 500 Index. Calculated based on daily prices since May 10, 2010.
- This ETF participated in 221.85% of S&P 500 Index downside but only 136.99% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.33 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -19.04%
- Beta
- 2.15
- R²
- 0.33
- Upside Capture
- 136.99%
- Downside Capture
- 221.85%
Expense Ratio
UBR has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
UBR ranks 34 for risk / return — below 34% 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 MSCI Brazil (UBR) and compare them to S&P 500 Index.
| UBR | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.41 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 2.93 | -1.12 |
| Martin ratioReturn relative to average drawdown | 5.36 | 13.52 | -8.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
ProShares Ultra MSCI Brazil provided a 1.85% dividend yield over the last twelve months, with an annual payout of $0.55 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.55 | $0.54 | $1.11 | $0.39 | $0.00 | $0.00 | $0.00 | $0.48 | $0.08 |
Dividend yield | 1.85% | 2.05% | 8.09% | 1.15% | 0.00% | 0.00% | 0.00% | 0.53% | 0.13% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares Ultra MSCI Brazil. 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 | $0.13 | $0.00 | $0.00 | $0.00 | $0.13 | ||||||
| 2025 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.13 | $0.54 |
| 2024 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.29 | $1.11 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.22 | $0.39 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
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 MSCI Brazil. 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 MSCI Brazil was 97.15%, occurring on Mar 23, 2020. The portfolio has not yet recovered.
The current ProShares Ultra MSCI Brazil drawdown is 92.84%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -97.15%Mar 2020 | 9y 4mo | — | 15y 7moNov 2010 - now |
2010 bear market2010 | -27.78%May 2010 | 9d | 2mo 11d | 2mo 20dMay 2010 - Jul 2010 |
2010 correction2010 | -15.80%Aug 2010 | 24d | 17d | 1mo 11dAug 2010 - Sep 2010 |
2010 correction2010 | -12.41%Oct 2010 | 8d | 13d | 21dOct 2010 - Nov 2010 |
2010 pullback2010 | -4.91%Oct 2010 | 1d | 6d | 7dOct 2010 - Oct 2010 |
Drawdown Indicators
| UBR | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.15% | -56.78% | -40.37% |
Max Drawdown (1Y)Largest decline over 1 year | -31.50% | -9.10% | -22.40% |
Max Drawdown (3Y)Largest decline over 3 years | -58.11% | -18.90% | -39.21% |
Max Drawdown (5Y)Largest decline over 5 years | -67.07% | -25.43% | -41.64% |
Max Drawdown (10Y)Largest decline over 10 years | -87.57% | -33.92% | -53.65% |
Current DrawdownCurrent decline from peak | -92.84% | -0.74% | -92.10% |
Average DrawdownAverage peak-to-trough decline | -77.90% | -10.72% | -67.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.63% | 1.97% | +8.66% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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