- ISIN
- US74347R6696
- CUSIP
- 74347R669
- Issuer
- ProShares
- Inception Date
- Jan 30, 2007
- Region
- North America (U.S.)
- Category
- Leveraged Equities, Semiconductors
- Leveraged
- 2x
- Index Tracked
- Dow Jones U.S. Semiconductors Index (200%)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $3B
Share Price Chart
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Performance
USD Performance Chart
ProShares Ultra Semiconductors (USD) is up 86.9% since the beginning of the year. USD is currently trading at $98 per share. Investors who bought $1,000 worth of USD shares 5 years ago would now be looking at an investment worth $12,237.
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Returns By Period
ProShares Ultra Semiconductors (USD) has returned 86.87% so far this year and 207.86% over the past 12 months. Looking at the last ten years, USD has achieved an annualized return of 60.21%, outperforming the S&P 500 Index benchmark, which averaged 13.61% per year.
ProShares Ultra Semiconductors
- 1D
- 2.08%
- 1M
- -1.66%
- YTD
- 86.87%
- 6M
- 97.77%
- 1Y
- 207.86%
- 3Y*
- 111.11%
- 5Y*
- 65.02%
- 10Y*
- 60.21%
Benchmark (S&P 500 Index)
- 1D
- 0.50%
- 1M
- -0.17%
- YTD
- 8.56%
- 6M
- 8.85%
- 1Y
- 22.93%
- 3Y*
- 19.37%
- 5Y*
- 11.84%
- 10Y*
- 13.61%
USD Monthly Returns History
Based on dividend-adjusted daily data since Feb 1, 2007, USD's average daily return is +0.18%, while the average monthly return is +3.39%. At this rate, an investment would double in approximately 1.7 years.
Historically, 59% of months were positive and 41% were negative. The best month was Apr 2026 with a return of +62.2%, while the worst month was Sep 2008 at -34.8%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, USD closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +36.4%, while the worst single day was Mar 16, 2020 at -32.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 11.46% | -9.70% | -9.17% | 62.17% | 31.33% | -4.02% | 86.87% | ||||||
| 2025 | -15.12% | -3.18% | -24.53% | -4.34% | 42.24% | 35.06% | 15.89% | -1.62% | 17.42% | 22.10% | -12.97% | -0.04% | 62.08% |
| 2024 | 17.55% | 35.59% | 14.32% | -11.58% | 33.85% | 18.54% | -12.26% | -3.03% | 1.30% | 3.25% | 1.77% | 3.50% | 139.64% |
| 2023 | 32.07% | 6.63% | 23.97% | -10.76% | 42.56% | 14.82% | 13.47% | -3.15% | -17.02% | -12.18% | 31.37% | 22.55% | 228.79% |
| 2022 | -25.18% | -2.40% | 3.60% | -34.78% | 8.60% | -32.93% | 33.72% | -21.91% | -27.70% | 8.23% | 34.95% | -20.67% | -68.57% |
| 2021 | 4.08% | 10.55% | 0.72% | -0.67% | 5.38% | 15.17% | -1.49% | 6.77% | -9.97% | 18.94% | 32.91% | -2.33% | 104.27% |
Benchmark Metrics
ProShares Ultra Semiconductors has an annualized alpha of 21.82%, beta of 2.50, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since February 01, 2007.
- This ETF captured 422.26% of S&P 500 Index gains and 190.79% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF generated an annualized alpha of 21.82% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 2.50 means this ETF moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- 21.82%
- Beta
- 2.50
- R²
- 0.62
- Upside Capture
- 422.26%
- Downside Capture
- 190.79%
Expense Ratio
USD has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
USD ranks 87 for risk / return — in the top 87% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProShares Ultra Semiconductors (USD) 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.
| USD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.34 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 6.58 | 2.53 | +4.05 |
| Martin ratioReturn relative to average drawdown | 18.43 | 11.37 | +7.06 |
Dividends
Dividend History
ProShares Ultra Semiconductors provided a 0.25% dividend yield over the last twelve months, with an annual payout of $0.24 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.24 | $0.21 | $0.03 | $0.01 | $0.01 | $0.00 | $0.01 | $0.03 | $0.02 | $0.01 | $0.01 | $0.00 |
Dividend yield | 0.25% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares Ultra Semiconductors. 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 | $0.06 | $0.00 | $0.00 | $0.00 | $0.06 | ||||||
| 2025 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.08 | $0.21 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 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 Semiconductors. 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 Semiconductors was 88.63%, occurring on Nov 20, 2008. Recovery took 1512 trading sessions.
The current ProShares Ultra Semiconductors drawdown is 13.67%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -88.63%Nov 2008 | 1y 4mo | 6y 5d | 7y 4moJul 2007 - Nov 2014 |
Bear market2022 | -77.85%Oct 2022 | 10mo 10d | 1y 2mo | 2y 1moDec 2021 - Jan 2024 |
2025 selloff2025 | -64.46%Apr 2025 | 9mo 18d | 3mo 12d | 1y 25dJun 2024 - Jul 2025 |
COVID crash2020 | -61.45%Mar 2020 | 25d | 5mo 12d | 6mo 7dFeb 2020 - Aug 2020 |
Rate-hike selloffLate 2018 | -51.51%Dec 2018 | 6mo 20d | 10mo 15d | 1y 5moJun 2018 - Nov 2019 |
Drawdown Indicators
| USD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.63% | -56.78% | -31.85% |
Max Drawdown (1Y)Largest decline over 1 year | -31.80% | -9.10% | -22.70% |
Max Drawdown (3Y)Largest decline over 3 years | -64.46% | -18.90% | -45.56% |
Max Drawdown (5Y)Largest decline over 5 years | -77.85% | -25.43% | -52.42% |
Max Drawdown (10Y)Largest decline over 10 years | -77.85% | -33.92% | -43.93% |
Current DrawdownCurrent decline from peak | -13.67% | -2.34% | -11.33% |
Average DrawdownAverage peak-to-trough decline | -32.32% | -10.72% | -21.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.34% | 2.02% | +9.32% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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