- ISIN
- US74347X6250
- CUSIP
- 74347X625
- Issuer
- ProShares
- Inception Date
- Jan 30, 2007
- Region
- North America (U.S.)
- Category
- REIT
- Leveraged
- 2x
- Index Tracked
- Dow Jones U.S. Real Estate Index (200%)
- Distribution Policy
- Distributing
- Asset Class
- Real Estate
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $55M
Share Price Chart
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Performance
URE Performance Chart
ProShares Ultra Real Estate (URE) is up 17.9% since the beginning of the year. URE is currently trading at $69 per share. Investors who bought $1,000 worth of URE shares 5 years ago would now be looking at an investment worth $835.
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Returns By Period
ProShares Ultra Real Estate (URE) has returned 17.89% so far this year and 11.42% over the past 12 months. Over the last ten years, URE has returned 3.00% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
ProShares Ultra Real Estate
- 1D
- 2.64%
- 1M
- -1.59%
- YTD
- 17.89%
- 6M
- 18.91%
- 1Y
- 11.42%
- 3Y*
- 11.65%
- 5Y*
- -3.55%
- 10Y*
- 3.00%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
URE Monthly Returns History
Based on dividend-adjusted daily data since Feb 2, 2007, URE's average daily return is +0.05%, while the average monthly return is +0.54%. At this rate, an investment would double in approximately 10.7 years.
Historically, 56% of months were positive and 44% were negative. The best month was Apr 2009 with a return of +55.9%, while the worst month was Oct 2008 at -59.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 7 months.
On a daily basis, URE closed higher 53% of trading days. The best single day was Oct 28, 2008 with a return of +33.0%, while the worst single day was Dec 1, 2008 at -41.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.50% | 11.53% | -12.81% | 17.69% | -2.64% | 1.24% | 17.89% | ||||||
| 2025 | 2.69% | 8.07% | -5.41% | -3.54% | 0.94% | -0.55% | -0.87% | 3.75% | 0.10% | -6.24% | 3.13% | -4.78% | -3.65% |
| 2024 | -10.31% | 4.49% | 2.75% | -16.99% | 9.38% | 3.46% | 14.46% | 10.81% | 5.84% | -7.37% | 7.85% | -17.28% | 0.35% |
| 2023 | 20.03% | -12.70% | -5.12% | 1.27% | -9.48% | 10.40% | 1.78% | -6.57% | -14.67% | -6.70% | 24.78% | 17.41% | 11.58% |
| 2022 | -16.26% | -9.21% | 13.31% | -9.03% | -9.05% | -14.04% | 17.81% | -11.91% | -24.67% | 5.15% | 11.25% | -10.11% | -49.64% |
| 2021 | -0.76% | 3.86% | 11.38% | 16.93% | 1.56% | 4.40% | 9.00% | 4.13% | -10.45% | 14.35% | -4.57% | 19.26% | 88.24% |
Benchmark Metrics
ProShares Ultra Real Estate has an annualized alpha of -9.31%, beta of 2.17, and R2 of 0.58 versus S&P 500 Index. Calculated based on daily prices since February 02, 2007.
- This ETF participated in 186.10% of S&P 500 Index downside but only 178.73% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -9.31% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of 2.17 means this ETF moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- -9.31%
- Beta
- 2.17
- R²
- 0.58
- Upside Capture
- 178.73%
- Downside Capture
- 186.10%
Expense Ratio
URE has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
URE ranks 15 for risk / return — in the bottom 15% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProShares Ultra Real Estate (URE) 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.
| URE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.62 | ||
| Sortino ratioReturn per unit of downside risk | -2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.37 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 2.78 | -2.09 |
| Martin ratioReturn relative to average drawdown | 1.67 | 12.44 | -10.77 |
Dividends
Dividend History
ProShares Ultra Real Estate provided a 1.98% dividend yield over the last twelve months, with an annual payout of $1.37 per share. The fund has been increasing its distributions for 5 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.37 | $1.42 | $1.30 | $0.84 | $0.73 | $0.68 | $0.58 | $0.96 | $0.86 | $0.61 | $0.55 | $0.42 |
Dividend yield | 1.98% | 2.42% | 2.09% | 1.32% | 1.26% | 0.58% | 0.94% | 1.10% | 1.53% | 0.93% | 0.96% | 0.81% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares Ultra Real Estate. 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 | $0.21 | $0.00 | $0.00 | $0.00 | $0.21 | ||||||
| 2025 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.51 | $1.42 |
| 2024 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.53 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.42 | $1.30 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.46 | $0.84 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.38 | $0.73 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.46 | $0.68 |
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 Real Estate. 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 Real Estate was 97.16%, occurring on Mar 6, 2009. The portfolio has not yet recovered.
The current ProShares Ultra Real Estate drawdown is 51.05%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -97.16%Mar 2009 | 2y 27d | — | 19y 4moFeb 2007 - now |
Drawdown Indicators
| URE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.16% | -56.78% | -40.38% |
Max Drawdown (1Y)Largest decline over 1 year | -16.50% | -9.10% | -7.40% |
Max Drawdown (3Y)Largest decline over 3 years | -33.77% | -18.90% | -14.87% |
Max Drawdown (5Y)Largest decline over 5 years | -63.66% | -25.43% | -38.23% |
Max Drawdown (10Y)Largest decline over 10 years | -70.49% | -33.92% | -36.57% |
Current DrawdownCurrent decline from peak | -51.05% | -1.80% | -49.25% |
Average DrawdownAverage peak-to-trough decline | -64.47% | -10.71% | -53.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.86% | 2.03% | +4.83% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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