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Beacon

UYMProShares Ultra Materials

Take a bet19y track recordRanked #342 of 949 in this goal

Seeks daily investment results that correspond to 2x the daily performance of the S&P Materials Select Sector Index.

By ProShares · Launched 2007

Annual Cost

0.95%

#4,882 of 5,861 · expensive

Fund Size

$39M

#3,896 of 5,861 · mid-size

Return (1Y)Goal

+22.6%

Track Record

19 years

#418 of 5,861 · established

Performance

Total-return NAV · USD
Growth of $10,000
$12,731+27.3%

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

Sector

Materials

Index tracked

S&P Materials Select Sector Index

What it actually holds

By weight

Concentration

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

Linde plc
9.9%
Newmont Corp.
5.9%
N/A
5.3%
Freeport-McMoRan, Inc.
4.1%
Sherwin-Williams Co. (The)
3.5%
N/A
3.4%
CRH plc
3.3%
Ecolab, Inc.
3.3%
Corteva, Inc.
3.2%
N/A
3.1%

Asset allocation

Stocks
73.2%
Cash
14.3%
Other
12.6%

By sector

Basic Materials
84.6%
Consumer Cyclical
15.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
35.4%High

Year-on-year price swings

Max drawdown
-73.3%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.23Below average
Sortino (3Y)
0.33Moderate downside risk

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results that correspond to 2x the daily performance of the S&P Materials Select Sector Index.
Strategy
Invests in financial instruments to achieve daily returns consistent with the Daily Target, aiming for 2x exposure to the S&P Materials Select Sector Index. Focuses on U.S. materials companies across various industries, including chemicals and metals, while using derivatives for leveraged exposure.
Inception date
January 30, 2007
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