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Beacon

UWMProShares Ultra Russell2000

Take a bet19y track recordRanked #79 of 775 in this goal

Seeks daily investment results that correspond to 200% of the daily performance of the Russell 2000 Index.

By ProShares · Launched 2007

Annual Cost

0.95%

#4,695 of 5,573 · expensive

Fund Size

$249M

#2,136 of 5,573 · mid-size

Return (1Y)Goal

+76.1%

Track Record

19 years

#411 of 5,573 · established

Performance

Total-return NAV · USD
Growth of $10,000
$16,982+69.8%

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

Russell 2000 Index

What it actually holds

By weight

Concentration

Top 10 holdings = 24.5% of fund✓ well diversified

United States of America
6.8%
United States of America
3.1%
Repurchase Agreement
3.1%
N/A
2.6%
N/A
2.2%
Repurchase Agreement
2.1%
Repurchase Agreement
1.8%
INVESCO GOVT AND AGCY LEX
1.4%
Repurchase Agreement
0.7%
Repurchase Agreement
0.7%

Asset allocation

Stocks
70.1%
Cash
18.5%
Other
11.4%

By sector

Technology
19.1%
Industrials
17.8%
Healthcare
16.3%
Financial Services
15.5%
Consumer Cyclical
7.9%
Real Estate
5.9%
Energy
5.4%
Basic Materials
4.7%
Other
7.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
39.0%High

Year-on-year price swings

Max drawdown
-71.5%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.63Decent risk-adjusted returns
Sortino (3Y)
0.94Moderate downside risk

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results that correspond to 200% of the daily performance of the Russell 2000 Index.
Strategy
Invests primarily in financial instruments to achieve 2x daily leveraged exposure to the Russell 2000 Index. The Fund aims to provide returns consistent with its daily target.
Inception date
January 23, 2007
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