Fund Overview
The ProShares UltraPro S&P500 is classified within the Trading--Leveraged Equity category and is managed by the ProShares fund family. With total assets under management reaching $4.45B, this substantial figure indicates a significant scale of capital deployed, reflecting the fund's established presence and popularity among market participants seeking amplified exposure. Although specific holdings count data is not publicly disclosed in the provided metrics, the leveraged equity classification suggests a concentrated strategy designed to track index performance with magnification rather than broad diversification. The fund carries an expense ratio of 0.9%, which is conceptually positioned as a higher-cost structure compared to standard broad-market index funds, a characteristic typical of leveraged products where fees are weighted against the amplified daily performance targets.
Performance Analysis
The fund currently offers a yield of 0.8%, a metric that provides income-seeking investors with a specific dividend payout context, though this return must be weighed against the fund's leveraged nature and trading costs. Year-to-date, the asset has recorded a return of -0.3%, a figure that reflects the fund's sensitivity to broader market fluctuations during the current fiscal period. Looking further back, the 3-year average return stands at 38.2% while the 5-year average return is 15.7%, indicating that longer-term performance has historically been more robust than the immediate year-to-date results. The contrast between the negative YTD return of -0.3% and the positive 3-year average of 38.2% suggests that short-term market volatility can significantly distort performance metrics relative to the multi-year trend. Furthermore, the expense ratio of 0.9% has a compounding impact on net returns over time, where these recurring costs are deducted from the amplified daily gains, potentially eroding the theoretical performance of the leveraged exposure.
Price & Risk Profile
The asset has traded within a 52-week range defined by a high of $122.85 and a low of $45.88, illustrating a wide price corridor that indicates substantial price volatility inherent to leveraged equity instruments. Based on the 52-week low of $45.88 and high of $122.85, the current trading price sits within a specific point of this range, demonstrating how the fund's value expands and contracts sharply with underlying market movements. A beta value is not provided in the available metrics, preventing a direct quantitative comparison of volatility relative to the broader market, yet the leveraged equity category inherently implies a volatility profile significantly higher than that of a standard 1x S&P 500 benchmark. The overall risk profile is characterized by high sensitivity to daily market changes, where the combination of leverage, a 0.9% expense ratio, and a yield of 0.8% creates an environment where capital preservation is challenged by both market downturns and the drag of management fees.