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UYMProShares Ultra Materials

Take a bet19y track recordRanked #328 of 775 in this goal

Seeks daily investment results that correspond to 2x the daily performance of the materials sector.

By ProShares · Launched 2007

Annual Cost

0.95%

#4,684 of 5,562 · expensive

Fund Size

$40M

#3,769 of 5,562 · small

Return (1Y)Goal

+32.5%

Track Record

19 years

#427 of 5,562 · established

Performance

Total-return NAV · USD
Growth of $10,000
$13,342+33.4%

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

Classification

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

Top 10 holdings = 47.9% of fundmoderately concentrated

Linde plc
11.5%
Newmont Corp.
5.9%
Sherwin-Williams Co. (The)
4.8%
Ecolab, Inc.
4.2%
Nucor Corp.
3.8%
Freeport-McMoRan, Inc.
3.7%
Martin Marietta Materials, Inc.
3.5%
Vulcan Materials Co.
3.5%
Air Products & Chemicals, Inc.
3.5%
Repurchase Agreement
3.4%

Asset allocation

Stocks
82.7%
Cash
17.4%

By sector

Basic Materials
87.3%
Consumer Cyclical
12.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
35.1%High

Year-on-year price swings

Max drawdown
-73.3%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.43Below average
Sortino (3Y)
0.62Moderate downside risk

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results that correspond to 2x the daily performance of the materials sector.
Strategy
Invests primarily in financial instruments to achieve 2x daily leveraged exposure to the materials sector. The Fund aims to replicate the performance of its target index on a daily basis.
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

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