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SKYUProShares Ultra Cloud Computing

Take a bet5y track recordRanked #805 of 949 in this goal

Seeks daily investment results that correspond to 2x the daily performance of the ISE CTA Cloud Computing Index.

By ProShares · Launched 2021

Annual Cost

0.95%

#4,882 of 5,861 · expensive

Fund Size

$3M

#5,346 of 5,861 · small

Return (1Y)Goal

+14.6%

Track Record

5 years

#2,233 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,830+18.3%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Leveraged

Index tracked

ISE CTA Cloud Computing Index

What it actually holds

By weight

Concentration

synthetic exposure — holdings shown are derivatives collateral, not the fund's positions

Repurchase Agreement
6.3%
N/A
3.9%
Arista Networks, Inc.
3.4%
Alphabet, Inc.
3.2%
Repurchase Agreement
3.1%
Repurchase Agreement
3.1%
CoreWeave, Inc.
3.0%
Amazon.com, Inc.
3.0%
MongoDB, Inc.
2.7%
Nutanix, Inc.
2.6%

Asset allocation

Stocks
65.7%
Cash
17.9%
Other
16.4%

By sector

Technology
87.7%
Communication
8.2%
Consumer Cyclical
3.5%
Healthcare
0.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
58.8%High

Year-on-year price swings

Max drawdown
-83.0%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.69Decent risk-adjusted returns
Sortino (3Y)
1.00Moderate downside risk

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks daily investment results that correspond to 2x the daily performance of the ISE CTA Cloud Computing Index.
Strategy
Invests in common stocks of companies in the cloud computing industry, aiming for 2x daily returns via derivatives like swaps. The Fund rebalances daily to maintain leveraged exposure to the Index.
Inception date
January 19, 2021
Fund family
ProShares

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged
Warning

Your return drifts the longer you hold

Leverage amplifies the index's daily move, by 2x or 3x. The fund resets every day, so over weeks and months your real return drifts from that multiple. It can run ahead in a smooth climb and bleed in a choppy one. Hold one for months and you own a different bet than the label suggests.

Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-04