ProShares UltraPro S&P 500 (UPRO)
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
| ISIN | US74347X8645 |
|---|---|
| CUSIP | 74347X864 |
| Issuer | ProShares |
| Inception Date | Jun 23, 2009 |
| Region | North America (U.S.) |
| Category | Leveraged Equities, Leveraged |
| Leveraged | 3x |
| Index Tracked | S&P 500 Index (300%) |
| Home Page | www.proshares.com |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
UPRO features an expense ratio of 0.92%, falling within 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.
Popular comparisons: UPRO vs. SPXL, UPRO vs. TQQQ, UPRO vs. SPY, UPRO vs. SSO, UPRO vs. VOO, UPRO vs. TMF, UPRO vs. QLD, UPRO vs. SPXU, UPRO vs. BRK-B, UPRO vs. BSV
Performance
Performance Chart
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.
Returns By Period
ProShares UltraPro S&P 500 had a return of 64.91% year-to-date (YTD) and 93.02% in the last 12 months. Over the past 10 years, ProShares UltraPro S&P 500 had an annualized return of 23.95%, outperforming the S&P 500 benchmark which had an annualized return of 11.11%.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 64.91% | 23.08% |
| 1 month | 0.28% | 0.48% |
| 6 months | 26.14% | 10.70% |
| 1 year | 93.02% | 30.22% |
| 5 years (annualized) | 23.82% | 13.50% |
| 10 years (annualized) | 23.95% | 11.11% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 3.45% | 14.67% | 8.84% | -12.97% | 14.28% | 9.82% | 1.81% | 5.07% | 5.12% | -4.10% | 64.91% | ||
| 2023 | 18.13% | -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% | 23.06% | 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% |
| 2019 | 23.89% | 9.28% | 4.85% | 11.81% | -18.89% | 21.56% | 3.80% | -6.62% | 5.30% | 5.70% | 10.73% | 8.38% | 102.63% |
| 2018 | 18.22% | -13.53% | -8.69% | -0.14% | 6.46% | 1.28% | 10.73% | 9.09% | 1.20% | -20.78% | 4.28% | -26.22% | -25.11% |
| 2017 | 5.14% | 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% | -0.21% | 11.13% | 0.11% | -0.53% | -5.62% | 11.05% | 5.96% | 30.78% |
| 2015 | -9.47% | 17.48% | -5.28% | 2.59% | 3.43% | -6.21% | 6.17% | -18.87% | -8.64% | 26.79% | 0.82% | -6.06% | -5.24% |
| 2014 | -10.72% | 13.65% | 2.14% | 1.66% | 6.62% | 6.23% | -4.44% | 11.95% | -4.44% | 6.03% | 8.34% | -1.54% | 38.01% |
| 2013 | 15.39% | 3.56% | 11.04% | 5.45% | 6.80% | -5.22% | 16.41% | -9.21% | 9.60% | 13.76% | 8.87% | 7.54% | 118.49% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of UPRO is 74, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
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.
Dividends
Dividend History
ProShares UltraPro S&P 500 provided a 0.76% dividend yield over the last twelve months, with an annual payout of $0.69 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.69 | $0.40 | $0.17 | $0.04 | $0.04 | $0.19 | $0.11 | $0.00 | $0.02 | $0.04 | $0.02 | $0.01 |
Dividend yield | 0.76% | 0.74% | 0.52% | 0.06% | 0.11% | 0.53% | 0.63% | 0.00% | 0.12% | 0.34% | 0.22% | 0.07% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.57 | |
| 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 | $0.09 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.19 |
| 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.02 |
| 2013 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 |
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.
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 6.63%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -76.82% | Feb 20, 2020 | 23 | Mar 23, 2020 | 202 | Jan 8, 2021 | 225 |
| -63.94% | Jan 4, 2022 | 195 | Oct 12, 2022 | 421 | Jun 17, 2024 | 616 |
| -51.73% | May 2, 2011 | 108 | Oct 3, 2011 | 125 | Apr 2, 2012 | 233 |
| -50.28% | Sep 21, 2018 | 65 | Dec 24, 2018 | 137 | Jul 12, 2019 | 202 |
| -42.89% | Apr 26, 2010 | 49 | Jul 2, 2010 | 112 | Dec 10, 2010 | 161 |
Volatility
Volatility Chart
The current ProShares UltraPro S&P 500 volatility is 12.26%, 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.