UPROProShares UltraPro S&P500
Seeks daily investment results that correspond to 300% of the daily performance of the S&P 500 Index.
By ProShares · Launched 2009
0.89%
#4,486 of 5,562 · expensive
$5.5B
#417 of 5,562 · large
+65.2%
16 years
#679 of 5,562 · established
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 48.9% of fundmoderately concentrated
Asset allocation
By sector
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Where to buy
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks daily investment results that correspond to 300% of the daily performance of the S&P 500 Index.
- Strategy
- Invests primarily in financial instruments, including derivatives like swaps and futures, to achieve 3x daily exposure to the S&P 500 Index. The Fund rebalances daily to maintain its target exposure, using a mathematical approach to determine the mix of investments.
- Inception date
- June 23, 2009
- Fund family
- ProShares
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
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 2026-06-19