- Issuer
- ProShares
- Inception Date
- Apr 20, 2026
- Category
- Leveraged Commodities
- Leveraged
- 2x
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Commodity
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
UPAL Performance Chart
Loading charts...
Returns By Period
ProShares Ultra Palladium K-1 Free ETF
- 1D
- 0.78%
- 1M
- -22.27%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 1.18%
- 1M
- -1.84%
- YTD
- 8.69%
- 6M
- 7.74%
- 1Y
- 20.53%
- 3Y*
- 18.69%
- 5Y*
- 11.60%
- 10Y*
- 13.47%
UPAL Monthly Returns History
Based on dividend-adjusted daily data since Apr 21, 2026, UPAL's average daily return is -1.07%, while the average monthly return is -17.23%.
Historically, 0% of months were positive and 100% were negative. The best month was Apr 2026 with a return of -6.9%, while the worst month was May 2026 at -22.5%. The longest winning streak lasted 0 consecutive months, and the longest losing streak was 3 months.
On a daily basis, UPAL closed higher 44% of trading days. The best single day was Jun 15, 2026 with a return of +10.0%, while the worst single day was Jun 5, 2026 at -12.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -6.93% | -22.48% | -22.27% | -43.92% |
Expense Ratio
UPAL has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProShares Ultra Palladium K-1 Free ETF (UPAL) 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.
| UPAL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.27 | — |
| Martin ratioReturn relative to average drawdown | — | 9.90 | — |
Dividends
Dividend History
ProShares Ultra Palladium K-1 Free ETF provided a 0.27% dividend yield over the last twelve months, with an annual payout of $0.06 per share.
| Period | TTM |
|---|---|
| Dividend | $0.06 |
Dividend yield | 0.27% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares Ultra Palladium K-1 Free 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 | $0.06 | $0.06 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares Ultra Palladium K-1 Free 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 Palladium K-1 Free ETF was 48.54%, occurring on Jun 24, 2026. The portfolio has not yet recovered.
The current ProShares Ultra Palladium K-1 Free ETF drawdown is 43.92%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -48.54%Jun 2026 | 2mo 4d | — | 2mo 10dApr 2026 - now |
Drawdown Indicators
| UPAL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.54% | -56.78% | +8.24% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -43.92% | -2.23% | -41.69% |
Average DrawdownAverage peak-to-trough decline | -24.97% | -10.71% | -14.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.08% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with UPAL
Add ProShares Ultra Palladium K-1 Free ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with UPAL