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ProShares UltraPro S&P 500 (UPRO)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US74347X8645

CUSIP

74347X864

Issuer

ProShares

Inception Date

Jun 23, 2009

Region

North America (U.S.)

Leveraged

3x

Index Tracked

S&P 500 Index (300%)

Asset Class

Equity

Asset Class Size

Large-Cap

Asset Class Style

Blend

Expense Ratio

UPRO has an expense ratio of 0.92%, placing it in the medium range.


Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart


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Returns By Period

ProShares UltraPro S&P 500 (UPRO) returned -8.65% year-to-date (YTD) and 13.96% over the past 12 months. Over the past 10 years, UPRO delivered an annualized return of 21.43%, outperforming the S&P 500 benchmark at 10.79%.


UPRO

YTD

-8.65%

1M

29.68%

6M

-12.98%

1Y

13.96%

5Y*

35.88%

10Y*

21.43%

^GSPC (Benchmark)

YTD

0.60%

1M

9.64%

6M

-0.54%

1Y

11.47%

5Y*

15.67%

10Y*

10.79%

*Annualized

Monthly Returns

The table below presents the monthly returns of UPRO, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20256.69%-4.99%-17.56%-8.70%19.73%-8.65%
20243.45%14.67%8.84%-12.97%14.28%9.82%1.81%5.07%5.12%-4.10%17.41%-8.41%63.57%
202318.13%-8.73%9.42%3.60%-0.15%19.12%8.95%-6.37%-14.71%-7.89%28.11%12.93%68.53%
2022-15.89%-9.85%10.07%-25.41%-2.13%-24.93%28.62%-13.33%-26.91%23.05%14.39%-17.73%-56.84%
2021-3.71%7.74%13.33%16.17%1.36%6.59%6.93%8.97%-13.94%21.90%-2.71%13.18%98.64%
2020-0.91%-23.04%-48.13%37.17%13.38%3.23%17.70%22.05%-12.26%-8.48%35.20%11.14%10.09%
201923.89%9.28%4.85%11.81%-18.89%21.37%3.80%-6.62%5.30%5.70%10.73%8.38%102.30%
201818.22%-13.53%-8.69%-0.14%6.46%1.29%10.73%9.09%1.20%-20.78%4.28%-26.22%-25.11%
20175.14%11.91%-0.22%2.77%3.70%1.51%5.87%0.21%5.69%6.83%8.87%3.45%71.37%
2016-15.38%-1.68%21.50%0.81%4.65%-0.20%11.13%0.11%-0.53%-5.62%11.05%5.96%30.79%
2015-9.47%17.48%-5.28%2.59%3.43%-6.21%6.17%-18.86%-8.64%26.79%0.81%-6.06%-5.25%
2014-10.71%13.65%2.14%1.66%6.62%6.23%-4.44%11.95%-4.44%6.03%8.34%-1.54%38.01%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of UPRO is 46, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of UPRO is 4646
Overall Rank
The Sharpe Ratio Rank of UPRO is 2929
Sharpe Ratio Rank
The Sortino Ratio Rank of UPRO is 5353
Sortino Ratio Rank
The Omega Ratio Rank of UPRO is 5656
Omega Ratio Rank
The Calmar Ratio Rank of UPRO is 4848
Calmar Ratio Rank
The Martin Ratio Rank of UPRO is 4343
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for ProShares UltraPro S&P 500 (UPRO) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

ProShares UltraPro S&P 500 Sharpe ratios as of May 16, 2025 (values are recalculated daily):

  • 1-Year: 0.24
  • 5-Year: 0.68
  • 10-Year: 0.39
  • All Time: 0.59

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of ProShares UltraPro S&P 500 compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


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Dividends

Dividend History

ProShares UltraPro S&P 500 provided a 1.10% dividend yield over the last twelve months, with an annual payout of $0.89 per share. The fund has been increasing its distributions for 4 consecutive years.


0.00%0.20%0.40%0.60%0.80%1.00%$0.00$0.20$0.40$0.60$0.8020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.89$0.82$0.40$0.17$0.04$0.04$0.14$0.11$0.00$0.02$0.04$0.02

Dividend yield

1.10%0.93%0.74%0.52%0.06%0.11%0.41%0.63%0.00%0.12%0.34%0.22%

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.00$0.19$0.00$0.00$0.19
2024$0.00$0.00$0.12$0.00$0.00$0.22$0.00$0.00$0.22$0.00$0.00$0.25$0.82
2023$0.00$0.00$0.08$0.00$0.00$0.15$0.00$0.00$0.06$0.00$0.00$0.12$0.40
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$0.17
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$0.04
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$0.04
2019$0.00$0.00$0.05$0.00$0.00$0.04$0.00$0.00$0.00$0.00$0.00$0.05$0.14
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$0.11
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$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$0.02
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$0.04
2014$0.01$0.00$0.00$0.01$0.00$0.00$0.01$0.02

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 UltraPro S&P 500. 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 UltraPro S&P 500 was 76.82%, occurring on Mar 23, 2020. Recovery took 202 trading sessions.

The current ProShares UltraPro S&P 500 drawdown is 18.45%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-76.82%Feb 20, 202023Mar 23, 2020202Jan 8, 2021225
-63.94%Jan 4, 2022195Oct 12, 2022421Jun 17, 2024616
-51.73%May 2, 2011108Oct 3, 2011125Apr 2, 2012233
-50.28%Sep 21, 201865Dec 24, 2018137Jul 12, 2019202
-48.87%Feb 20, 202534Apr 8, 2025

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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