- ISIN
- US74347X5260
- CUSIP
- 74347X526
- Issuer
- ProShares
- Inception Date
- Apr 30, 2010
- Region
- Developed Europe (Broad)
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- MSCI Europe Index (200%)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $14M
Highlights
- Avg. Volume (1M)
- 499
- Avg. Volume Value (1M)
- $49.44K
Share Price Chart
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Performance
UPV Performance Chart
ProShares Ultra Europe (UPV) is up 15.3% since the beginning of the year. UPV is currently trading at $103 per share. Investors who bought $1,000 worth of UPV shares 5 years ago would now be looking at an investment worth $1,576.
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Compare this symbol against anything
Returns By Period
ProShares Ultra Europe (UPV) has returned 15.25% so far this year and 41.67% over the past 12 months. Over the last ten years, UPV has returned 12.29% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
ProShares Ultra Europe
- 1D
- -0.78%
- 1M
- 2.19%
- 6M
- 5.99%
- YTD
- 15.25%
- 1Y
- 41.67%
- 3Y*
- 24.41%
- 5Y*
- 9.52%
- 10Y*
- 12.29%
- ALL TIME*
- 10.10%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
UPV Monthly Returns History
Based on dividend-adjusted daily data since May 7, 2010, UPV's average daily return is +0.07%, while the average monthly return is +1.33%. At this rate, an investment would double in approximately 4.4 years.
Historically, 56% of months were positive and 44% were negative. The best month was Nov 2020 with a return of +36.0%, while the worst month was Mar 2020 at -35.3%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, UPV closed higher 52% of trading days. The best single day was May 10, 2010 with a return of +17.4%, while the worst single day was Mar 12, 2020 at -22.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.74% | 5.74% | -16.80% | 11.18% | 3.34% | 0.77% | 4.05% | 15.25% | |||||
| 2025 | 12.46% | 7.25% | 0.31% | 5.81% | 9.80% | 4.31% | -5.59% | 7.12% | 3.47% | 0.59% | 2.36% | 6.75% | 68.63% |
| 2024 | -3.13% | 4.18% | 7.16% | -5.52% | 12.15% | -6.48% | 4.54% | 6.52% | 0.31% | -11.49% | -4.04% | -6.07% | -4.51% |
| 2023 | 19.49% | -4.04% | 3.80% | 7.88% | -10.57% | 7.70% | 5.22% | -8.56% | -9.44% | -6.88% | 19.43% | 10.28% | 32.16% |
| 2022 | -7.33% | -10.57% | -1.27% | -12.45% | 4.11% | -19.88% | 9.62% | -14.96% | -19.75% | 16.39% | 27.30% | -4.26% | -36.58% |
| 2021 | -1.83% | 4.84% | 6.54% | 8.83% | 9.95% | -4.08% | 3.85% | 3.50% | -10.75% | 10.00% | -9.75% | 10.44% | 32.38% |
Benchmark Metrics
ProShares Ultra Europe has an annualized alpha of -5.69%, beta of 1.79, and R2 of 0.60 versus S&P 500 Index. Calculated based on daily prices since May 07, 2010.
- This ETF captured 198.83% of S&P 500 Index gains and 188.06% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF had an annualized alpha of -5.69% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of 1.79 means this ETF moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- -5.69%
- Beta
- 1.79
- R²
- 0.60
- Upside Capture
- 198.83%
- Downside Capture
- 188.06%
Expense Ratio
UPV has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
UPV ranks 50 for risk / return — above 50% of ETFs peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for ProShares Ultra Europe (UPV) 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.
| UPV | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 2.00 | -0.27 |
| Martin ratioReturn relative to average drawdown | 5.85 | 8.49 | -2.64 |
Dividends
Dividend History
ProShares Ultra Europe provided a 2.15% dividend yield over the last twelve months, with an annual payout of $2.22 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.22 | $1.90 | $1.47 | $0.92 | $0.00 | $0.00 | $0.00 | $0.36 | $1.44 |
Dividend yield | 2.15% | 2.11% | 2.70% | 1.57% | 0.00% | 0.00% | 0.00% | 0.65% | 3.80% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares Ultra Europe. 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 | $0.28 | $0.00 | $0.00 | $0.50 | $0.00 | $0.79 | |||||
| 2025 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $1.00 | $1.90 |
| 2024 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.49 | $1.47 |
| 2023 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.34 | $0.92 |
| 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 Europe. 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 Europe was 67.25%, occurring on Mar 18, 2020. Recovery took 271 trading sessions.
The current ProShares Ultra Europe drawdown is 0.78%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-67.25%Mar 2020 | 2y 1mo | 1y 28d | 3y 2moJan 2018 - Apr 2021 | COVID crash2020 |
-58.33%Sep 2022 | 1y 24d | 2y 5mo | 3y 6moSep 2021 - Mar 2025 | Bear market2022 |
-55.02%Nov 2011 | 6mo 27d | 1y 9mo | 2y 4moMay 2011 - Sep 2013 | — |
-47.79%Jun 2016 | 1y 11mo | 1y 5mo | 3y 5moJul 2014 - Dec 2017 | — |
-27.54%Apr 2025 | 20d | 24d | 1mo 14dMar 2025 - May 2025 | 2025 selloff2025 |
Drawdown Indicators
| UPV | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.25% | -56.78% | -10.47% |
Max Drawdown (1Y)Largest decline over 1 year | -23.41% | -9.10% | -14.31% |
Max Drawdown (3Y)Largest decline over 3 years | -27.54% | -18.90% | -8.64% |
Max Drawdown (5Y)Largest decline over 5 years | -58.33% | -25.43% | -32.90% |
Max Drawdown (10Y)Largest decline over 10 years | -67.25% | -33.92% | -33.33% |
Current DrawdownCurrent decline from peak | -0.78% | -1.58% | +0.80% |
Average DrawdownAverage peak-to-trough decline | -20.67% | -10.70% | -9.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.92% | 2.14% | +4.78% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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