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SKYUProShares Ultra Cloud Computing

Take a bet5y track recordRanked #667 of 775 in this goal

Seeks daily investment results of 200% of the daily performance of the ISE CTA Cloud Computing Index.

By ProShares · Launched 2021

Annual Cost

0.95%

#4,695 of 5,573 · expensive

Fund Size

$4M

#5,191 of 5,573 · small

Return (1Y)Goal

+11.6%

Track Record

5 years

#2,288 of 5,573 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,537+15.4%

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

Top 10 holdings = 36.2% of fund✓ well diversified

N/A
7.8%
Repurchase Agreement
6.1%
Repurchase Agreement
4.2%
Repurchase Agreement
3.7%
Alphabet, Inc.
3.1%
International Business Machines Corp.
2.6%
Pure Storage, Inc.
2.4%
Amazon.com, Inc.
2.1%
Microsoft Corp.
2.0%
Arista Networks, Inc.
2.0%

Asset allocation

Stocks
66.6%
Cash
33.4%

By sector

Technology
86.5%
Communication
9.5%
Consumer Cyclical
3.6%
Healthcare
0.5%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
57.4%High

Year-on-year price swings

Max drawdown
-83.0%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.63Decent risk-adjusted returns
Sortino (3Y)
0.90Moderate downside risk

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks daily investment results of 200% of the daily performance of the ISE CTA Cloud Computing Index.
Strategy
Invests primarily in financial instruments to achieve 2x daily exposure to the ISE CTA Cloud Computing Index, which tracks cloud computing companies. The Fund rebalances daily to maintain its target exposure.
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

Leveraged ETF — not a long-term hold

This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.

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

Why we flagged this: strategy=leveraged + leveraged_name_or_strategy

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 2026-06-20