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Beacon

UPROProShares UltraPro S&P500

Take a bet17y track recordRanked #22 of 948 in this goal

Seeks daily investment results that correspond to 3x the daily performance of the S&P 500 Index.

By ProShares · Launched 2009

Annual Cost

0.89%

#4,666 of 5,853 · expensive

Fund Size

$5.3B

#434 of 5,853 · large

Return (1Y)Goal

+44.4%

Track Record

17 years

#666 of 5,853 · established

Performance

Total-return NAV · USD
Growth of $10,000
$14,243+42.4%

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

S&P 500 Index

What it actually holds

By weight

Concentration

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

ProShares GENIUS Money Market ETF
22.5%
N/A
5.8%
NVIDIA Corp.
4.5%
United States of America
4.3%
Apple, Inc.
4.1%
Microsoft Corp.
3.0%
Amazon.com, Inc.
2.1%
Alphabet, Inc.
1.9%
Broadcom, Inc.
1.6%
Alphabet, Inc.
1.5%

Asset allocation

Stocks
66.3%
Cash
31.9%
Bonds
1.9%

By sector

Technology
38.5%
Financial Services
11.6%
Communication
9.9%
Consumer Cyclical
9.5%
Healthcare
8.9%
Industrials
8.4%
Consumer Defensive
4.5%
Energy
3.0%
Other
5.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
38.5%High

Year-on-year price swings

Max drawdown
-76.8%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.92Decent risk-adjusted returns
Sortino (3Y)
1.33Good downside protection

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results that correspond to 3x the daily performance of the S&P 500 Index.
Strategy
Invests in financial instruments to achieve daily returns consistent with the Daily Target of 3x the S&P 500 Index. Maintains leveraged exposure to at least 80% of total assets in components of the Index, rebalancing daily to align with the Daily Target.
Inception date
June 23, 2009
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 2026-08-02