- Issuer
- ProShares
- Inception Date
- Aug 25, 2025
- Region
- North America (U.S.)
- Category
- Leveraged Equities, S&P 500, Equal Weight
- Leveraged
- 2x
- Index Tracked
- S&P 500 Equal Weight Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $30M
Share Price Chart
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Performance
URSP Performance Chart
ProShares Ultra S&P 500 Equal Weight ETF (URSP) is up 17.4% since the beginning of the year. URSP is currently trading at $48 per share.
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Returns By Period
ProShares Ultra S&P 500 Equal Weight ETF
- 1D
- 0.16%
- 1M
- 3.15%
- YTD
- 17.43%
- 6M
- 14.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
URSP Monthly Returns History
Based on dividend-adjusted daily data since Aug 27, 2025, URSP's average daily return is +0.10%, while the average monthly return is +1.80%. At this rate, an investment would double in approximately 3.2 years.
Historically, 73% of months were positive and 27% were negative. The best month was Apr 2026 with a return of +11.9%, while the worst month was Mar 2026 at -12.4%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 1 months.
On a daily basis, URSP closed higher 54% of trading days. The best single day was Apr 8, 2026 with a return of +4.4%, while the worst single day was Oct 10, 2025 at -4.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.26% | 6.70% | -12.42% | 11.85% | 4.51% | 1.16% | 17.43% | ||||||
| 2025 | -0.62% | 1.65% | -2.56% | 3.13% | 0.08% | 1.59% |
Benchmark Metrics
ProShares Ultra S&P 500 Equal Weight ETF has an annualized alpha of -2.45%, beta of 1.45, and R2 of 0.63 versus S&P 500 Index. Calculated based on daily prices since August 27, 2025.
- This ETF captured 109.51% of S&P 500 Index gains but only 81.79% of its losses - a favorable profile for investors.
- This ETF had an annualized alpha of -2.45% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -2.45%
- Beta
- 1.45
- R²
- 0.63
- Upside Capture
- 109.51%
- Downside Capture
- 81.79%
Expense Ratio
URSP has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProShares Ultra S&P 500 Equal Weight ETF (URSP) 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.
| URSP | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.78 | — |
| Martin ratioReturn relative to average drawdown | — | 12.44 | — |
Dividends
Dividend History
ProShares Ultra S&P 500 Equal Weight ETF provided a 0.58% dividend yield over the last twelve months, with an annual payout of $0.28 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.28 | $0.16 |
Dividend yield | 0.58% | 0.38% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares Ultra S&P 500 Equal Weight ETF. 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 | $0.12 | $0.00 | $0.00 | $0.00 | $0.12 | ||||||
| 2025 | $0.02 | $0.00 | $0.00 | $0.13 | $0.16 |
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 S&P 500 Equal Weight ETF. 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 S&P 500 Equal Weight ETF was 15.72%, occurring on Mar 30, 2026. Recovery took 38 trading sessions.
The current ProShares Ultra S&P 500 Equal Weight ETF drawdown is 2.29%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 correction2026 | -15.72%Mar 2026 | 28d | 1mo 23d | 2mo 21dMar 2026 - May 2026 |
2025 correction2025 | -10.85%Nov 2025 | 23d | 20d | 1mo 13dOct 2025 - Dec 2025 |
2025 pullback2025 | -6.58%Oct 2025 | 3d | 17d | 20dOct 2025 - Oct 2025 |
2026 pullback2026 | -3.96%Jun 2026 | 5d | 2d | 7dJun 2026 - Jun 2026 |
2026 pullback2026 | -3.51%Jan 2026 | 4d | 2d | 6dJan 2026 - Jan 2026 |
Drawdown Indicators
| URSP | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.72% | -56.78% | +41.06% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.29% | -1.80% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -3.09% | -10.71% | +7.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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