- ISIN
- US74347X6334
- CUSIP
- 74347X633
- Issuer
- ProShares
- Inception Date
- Jan 30, 2007
- Region
- North America (U.S.)
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- Dow Jones U.S. Financials Index (200%)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $740M
Share Price Chart
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Performance
UYG Performance Chart
ProShares Ultra Financials (UYG) is down 6.0% since the beginning of the year. UYG is currently trading at $86 per share. Investors who bought $1,000 worth of UYG shares 5 years ago would now be looking at an investment worth $1,783.
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Returns By Period
ProShares Ultra Financials (UYG) has returned -5.99% so far this year and 9.25% over the past 12 months. Looking at the last ten years, UYG has achieved an annualized return of 18.48%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
ProShares Ultra Financials
- 1D
- 1.09%
- 1M
- 7.18%
- YTD
- -5.99%
- 6M
- -7.78%
- 1Y
- 9.25%
- 3Y*
- 31.13%
- 5Y*
- 12.26%
- 10Y*
- 18.48%
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%
UYG Monthly Returns History
Based on dividend-adjusted daily data since Feb 1, 2007, UYG's average daily return is +0.06%, while the average monthly return is +0.79%. At this rate, an investment would double in approximately 7.3 years.
Historically, 55% of months were positive and 45% were negative. The best month was Apr 2009 with a return of +35.3%, while the worst month was Jan 2009 at -46.3%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 7 months.
On a daily basis, UYG closed higher 53% of trading days. The best single day was Nov 24, 2008 with a return of +27.1%, while the worst single day was Dec 1, 2008 at -31.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -5.55% | -8.46% | -7.23% | 10.91% | -2.84% | 8.77% | -5.99% | ||||||
| 2025 | 12.78% | 1.95% | -8.99% | -6.36% | 8.12% | 6.01% | -1.02% | 5.62% | -0.27% | -6.41% | 3.19% | 5.90% | 19.77% |
| 2024 | 5.25% | 7.23% | 9.73% | -8.93% | 5.51% | -2.36% | 12.41% | 8.30% | -1.79% | 4.82% | 20.72% | -11.42% | 55.71% |
| 2023 | 16.49% | -6.79% | -14.51% | 5.61% | -9.24% | 12.95% | 8.88% | -5.66% | -6.77% | -5.82% | 22.18% | 10.30% | 22.14% |
| 2022 | -3.49% | -4.96% | 1.74% | -15.95% | 1.60% | -19.88% | 16.08% | -7.31% | -18.08% | 21.12% | 11.91% | -11.01% | -32.11% |
| 2021 | -5.13% | 19.58% | 9.99% | 14.67% | 5.32% | -3.01% | 2.28% | 5.92% | -5.29% | 12.91% | -10.02% | 15.69% | 76.26% |
Benchmark Metrics
ProShares Ultra Financials has an annualized alpha of -9.44%, beta of 2.38, and R2 of 0.75 versus S&P 500 Index. Calculated based on daily prices since February 01, 2007.
- This ETF captured 226.05% of S&P 500 Index gains and 194.59% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF had an annualized alpha of -9.44% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of 2.38 means this ETF moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- -9.44%
- Beta
- 2.38
- R²
- 0.75
- Upside Capture
- 226.05%
- Downside Capture
- 194.59%
Expense Ratio
UYG has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
UYG ranks 12 for risk / return — in the bottom 12% 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 Financials (UYG) 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.
| UYG | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.71 | ||
| Sortino ratioReturn per unit of downside risk | -2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.37 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.32 | 2.78 | -2.46 |
| Martin ratioReturn relative to average drawdown | 0.76 | 12.44 | -11.68 |
Dividends
Dividend History
ProShares Ultra Financials provided a 12.43% dividend yield over the last twelve months, with an annual payout of $10.69 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $10.69 | $10.76 | $0.43 | $0.44 | $0.35 | $6.36 | $0.28 | $0.48 | $0.42 | $0.24 | $0.23 | $0.17 |
Dividend yield | 12.43% | 11.72% | 0.51% | 0.79% | 0.77% | 9.39% | 0.66% | 0.90% | 1.28% | 0.56% | 0.76% | 0.72% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares Ultra Financials. 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 | $0.20 | $0.00 | $0.00 | $0.00 | $0.20 | ||||||
| 2025 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $9.97 | $10.76 |
| 2024 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.20 | $0.43 |
| 2023 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.15 | $0.44 |
| 2022 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.20 | $0.35 |
| 2021 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $6.28 | $6.36 |
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 Financials. 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 Financials was 97.90%, occurring on Mar 6, 2009. Recovery took 4001 trading sessions.
The current ProShares Ultra Financials drawdown is 11.21%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -97.90%Mar 2009 | 2y 14d | 15y 11mo | 17y 11moFeb 2007 - Jan 2025 |
2025 selloff2025 | -30.35%Apr 2025 | 1mo 18d | 2mo 26d | 4mo 14dFeb 2025 - Jul 2025 |
2026 bear market2026 | -28.91%Mar 2026 | 2mo 19d | — | 5mo 17dJan 2026 - now |
2025 correction2025 | -11.82%Nov 2025 | 1mo 21d | 21d | 2mo 12dSep 2025 - Dec 2025 |
2025 pullback2025 | -7.58%Aug 2025 | 10d | 15d | 25dJul 2025 - Aug 2025 |
Drawdown Indicators
| UYG | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.90% | -56.78% | -41.12% |
Max Drawdown (1Y)Largest decline over 1 year | -28.91% | -9.10% | -19.81% |
Max Drawdown (3Y)Largest decline over 3 years | -30.35% | -18.90% | -11.45% |
Max Drawdown (5Y)Largest decline over 5 years | -47.77% | -25.43% | -22.34% |
Max Drawdown (10Y)Largest decline over 10 years | -69.98% | -33.92% | -36.06% |
Current DrawdownCurrent decline from peak | -11.21% | -1.80% | -9.41% |
Average DrawdownAverage peak-to-trough decline | -63.23% | -10.71% | -52.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.25% | 2.03% | +10.22% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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