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ProShares UltraPro S&P 500 (UPRO)

ETF · Currency in USD · Last updated Jun 3, 2023

UPRO is an exchange-traded fund (ETF) managed by ProShares, an ETF provider focusing on alternative and leveraged investment strategies. The fund is designed to track the performance of the S&P 500 Index, a benchmark that consists of 500 of the largest publicly traded companies in the United States.

A key feature of UPRO is its leveraged exposure to the S&P 500 Index, which means that it aims to provide investors with returns three times (300%) the daily performance of the index. This is achieved through the use of financial instruments such as futures contracts and options. As a result, UPRO is designed for investors looking for a high-risk, high-reward investment strategy and willing to accept significant volatility in their portfolio.

UPRO was launched on June 23, 2009, with an expense ratio of 0.92%, which is relatively high in contrast with other ETFs and mutual funds. It is important to note that investing in leveraged funds can be very risky, as numerous factors can significantly impact the returns of these products. Therefore, UPRO may not be suitable for investors with a low-risk tolerance or a buy-and-hold investment strategy.

ETF Info

ISINUS74347X8645
CUSIP74347X864
IssuerProShares
Inception DateJun 23, 2009
RegionNorth America (U.S.)
CategoryLeveraged Equities, Leveraged
Leveraged3x
Index TrackedS&P 500 Index (300%)
ETF Home Pagewww.proshares.com
Asset ClassEquity

Asset Class Size

Large-Cap

Asset Class Style

Blend

Expense Ratio

The ProShares UltraPro S&P 500 has a high expense ratio of 0.92%, indicating higher-than-average management fees.


0.92%
0.00%2.15%

Share Price Chart


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Performance

The chart shows the growth of an initial investment of $10,000 in ProShares UltraPro S&P 500, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


-20.00%-10.00%0.00%10.00%20.00%2023FebruaryMarchAprilMayJune
14.55%
7.09%
UPRO (ProShares UltraPro S&P 500)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

Search for stocks, ETFs, and funds to compare with UPRO

Return

ProShares UltraPro S&P 500 had a return of 30.88% year-to-date (YTD) and -5.47% in the last 12 months. Over the past 10 years, ProShares UltraPro S&P 500 had an annualized return of 23.74%, outperforming the S&P 500 benchmark which had an annualized return of 10.30%.


PeriodReturnBenchmark
1 month16.18%5.45%
Year-To-Date30.88%11.53%
6 months8.30%5.17%
1 year-5.47%4.23%
5 years (annualized)12.56%9.30%
10 years (annualized)23.74%10.30%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
202318.13%-8.73%9.42%3.60%-0.15%
202214.39%-17.73%

Risk-Adjusted Performance

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro S&P 500 (UPRO) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
UPRO
ProShares UltraPro S&P 500
-0.08
^GSPC
S&P 500
0.21

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current ProShares UltraPro S&P 500 Sharpe ratio is -0.08. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-0.80-0.60-0.40-0.200.000.200.402023FebruaryMarchAprilMayJune
-0.08
0.21
UPRO (ProShares UltraPro S&P 500)
Benchmark (^GSPC)

Dividend History

ProShares UltraPro S&P 500 granted a 0.59% dividend yield in the last twelve months. The annual payout for that period amounted to $0.25 per share.


PeriodTTM20222021202020192018201720162015201420132012
Dividend$0.25$0.17$0.04$0.04$0.19$0.11$0.00$0.02$0.04$0.02$0.01$0.00

Dividend yield

0.59%0.52%0.06%0.11%0.54%0.64%0.00%0.12%0.35%0.22%0.07%0.05%

Monthly Dividends

The table displays the monthly dividend distributions for ProShares UltraPro S&P 500. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDec
2023$0.00$0.00$0.08$0.00$0.00
2022$0.00$0.00$0.04$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.14
2021$0.00$0.00$0.01$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.03
2020$0.00$0.00$0.03$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.01
2019$0.00$0.00$0.05$0.00$0.00$0.09$0.00$0.00$0.00$0.00$0.00$0.05
2018$0.00$0.00$0.02$0.00$0.00$0.02$0.00$0.00$0.02$0.00$0.00$0.05
2017$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2016$0.00$0.00$0.00$0.00$0.00$0.01$0.00$0.00$0.00$0.00$0.00$0.00
2015$0.00$0.00$0.01$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.02
2014$0.00$0.00$0.00$0.00$0.00$0.01$0.00$0.00$0.01$0.00$0.00$0.01
2013$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2012$0.00$0.00$0.00$0.00$0.00$0.00$0.00

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%2023FebruaryMarchAprilMayJune
-44.49%
-10.72%
UPRO (ProShares UltraPro S&P 500)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the ProShares UltraPro S&P 500. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the ProShares UltraPro S&P 500 is 76.82%, recorded on Mar 23, 2020. It took 202 trading sessions for the portfolio to recover.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-76.82%Feb 20, 202023Mar 23, 2020202Jan 8, 2021225
-63.94%Jan 4, 2022195Oct 12, 2022
-51.73%May 2, 2011108Oct 3, 2011125Apr 2, 2012233
-50.28%Sep 21, 201865Dec 24, 2018137Jul 12, 2019202
-42.88%Apr 26, 201049Jul 2, 2010112Dec 10, 2010161

Volatility Chart

The current ProShares UltraPro S&P 500 volatility is 11.10%, 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.


5.00%10.00%15.00%20.00%2023FebruaryMarchAprilMayJune
11.10%
3.77%
UPRO (ProShares UltraPro S&P 500)
Benchmark (^GSPC)

Alternatives


SymbolInceptionExpense RatioYTD Ret.10Y Ann. Ret.Div. YieldMax. DrawdownSharpe RatioSortino ratioOmega ratioCalmar ratioUlcer Index
SPXLNov 5, 20081.02%31.3%23.1%0.6%-76.9%-0.1
SPYJan 22, 19930.09%12.3%12.2%1.8%-55.2%0.3
SSOJun 21, 20060.90%21.8%19.1%0.4%-84.7%0.1
TQQQFeb 9, 20100.95%114.1%38.1%0.7%-81.7%0.2
VOOSep 7, 20100.03%12.4%12.2%1.9%-34.0%0.3

Portfolios with ProShares UltraPro S&P 500


Portfolio NameYTD Return10Y ReturnDiv. Yield10Y VolatilityMax. DrawdownExpense RatioSharpe RatioSortino ratioOmega ratioCalmar ratioUlcer Index
Stocks/Bonds 40/60 Leveraged Portfolio13.88%12.92%2.21%21.70%-55.26%0.65%-0.38