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UPRO vs SH

ProShares UltraPro S&P500 vs ProShares Short S&P500

UPRO

ProShares UltraPro S&P500

ProShares

Annual cost

0.89%

Fund size

$4.7B

SH

ProShares Short S&P500

ProShares

Annual cost

0.89%

Fund size

$1.2B

Key differences

  • UPRO is significantly larger than SH — larger funds tend to be more liquid and less likely to close.
  • UPRO is classified as cryptocurrency, while SH is equity — different risk/return profiles.
  • UPRO follows a leveraged strategy; SH uses inverse.
  • Over the last 3 years, UPRO has delivered higher annualized returns.

Side-by-side comparison

UPROSH
Annual cost (TER)0.89%0.89%
Fund size (AUM)$4.7B$1.2B
Since20092006
Dividend yield0.78%4.32%
Asset classcryptocurrencyequity
Regionnorth america
Strategyleveragedinverse
CAGR 1Y+94.0%-19.2%
CAGR 3Y+54.9%-13.5%
CAGR 5Y+24.8%-9.5%
Sharpe 3Y1.13-1.15
Volatility 1Y35.82%11.96%
Max drawdown-76.82%-75.87%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to UPRO and SH