Skip to content
Beacon

UPVProShares Ultra FTSE Europe

Take a bet16y track recordRanked #582 of 775 in this goal

Seeks daily investment results of 200% of the daily performance of the FTSE Developed Europe All Cap Index.

By ProShares · Launched 2010

Annual Cost

0.95%

#4,684 of 5,562 · expensive

Fund Size

$14M

#4,578 of 5,562 · small

Return (1Y)Goal

+29.9%

Track Record

16 years

#781 of 5,562 · established

Performance

Total-return NAV · USD
Growth of $10,000
$13,965+39.7%

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

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

Europe

Strategy

Leveraged

Index tracked

FTSE Developed Europe All Cap Index

What it actually holds

By weight

Concentration

Top 10 holdings = 64.4% of fundconcentrated

Repurchase Agreement
13.9%
Repurchase Agreement
9.7%
N/A
9.3%
Repurchase Agreement
8.4%
N/A
6.2%
N/A
4.9%
Repurchase Agreement
3.4%
Repurchase Agreement
3.4%
Repurchase Agreement
2.5%
Repurchase Agreement
2.5%

Asset allocation

Cash
59.7%
Other
31.7%
Stocks
8.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
31.6%High

Year-on-year price swings

Max drawdown
-67.2%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.75Decent risk-adjusted returns
Sortino (3Y)
1.10Good downside protection

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results of 200% of the daily performance of the FTSE Developed Europe All Cap Index.
Strategy
Invests primarily in financial instruments to achieve 2x daily exposure to the FTSE Developed Europe All Cap Index. Holds equity securities, derivatives, and money market instruments, rebalancing daily to maintain targeted leverage.
Inception date
April 27, 2010
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

What's next?

You've reviewed UPV. Save it to your watchlist to track it alongside the other funds you're weighing.

Data updated on 2026-06-19