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UPVProShares Ultra FTSE Europe

Take a bet16y track recordRanked #663 of 949 in this goal

Seeks daily investment results that correspond to 2x the daily performance of the FTSE Developed Europe All Cap Index.

By ProShares · Launched 2010

Annual Cost

0.95%

#4,882 of 5,861 · expensive

Fund Size

$13M

#4,739 of 5,861 · small

Return (1Y)Goal

+37.2%

Track Record

16 years

#767 of 5,861 · established

Performance

Total-return NAV · USD
Growth of $10,000
$16,216+62.2%

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

What's inside

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

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

Repurchase Agreement
13.3%
N/A
11.7%
Repurchase Agreement
6.6%
Repurchase Agreement
6.6%
N/A
6.3%
N/A
5.7%
Repurchase Agreement
4.0%
Repurchase Agreement
4.0%
Repurchase Agreement
3.3%
Repurchase Agreement
2.6%

Asset allocation

Cash
68.9%
Other
21.3%
Stocks
9.8%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
31.7%High

Year-on-year price swings

Max drawdown
-69.5%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.72Decent risk-adjusted returns
Sortino (3Y)
1.06Good downside protection

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results that correspond to 2x the daily performance of the FTSE Developed Europe All Cap Index.
Strategy
Invests in financial instruments to achieve daily returns consistent with the Daily Target of 2x the FTSE Developed Europe All Cap Index. Focuses on large, mid, and small-cap companies in developed European markets, using derivatives for leveraged exposure.
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

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