UPRO

ProShares UltraPro S&P 500

3X daily leveraged S&P 500 ETF. Same daily compounding decay issues as TQQQ. For short-term tactical use only.

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EquityTER 0.91%Dist.

TER

0.91%

AUM

$3B

CAGR

32.3%

Volatility

45.8%

Sharpe

0.64

Max Drawdown

-62.7%

Data Range

2009-06 → 2026-04

Performance Analysis

Maximum Drawdown History

How far the ETF has fallen from its all-time high at each point. Deeper = more painful.

Current DD0.0%

Worst DD-62.7%

Worst date2022-09

Rolling Returns

Annualized returns over rolling windows. Shows the range of outcomes depending on when you invested.

Avg return29.7%

Best72.6%

Worst-4.4%

% positive99%

167 periods

Backtest Data Proxy

3X leveraged ETF: daily compounding decay. NOT suitable for long-term comparison.

Key Facts

ISIN

US74347X6318

Issuer

ProShares

Benchmark

S&P 500 Index (3X Daily)

Total Expense Ratio (TER)

0.91%

Assets Under Management

$3B approx.

Inception Date

2009-06-23

Domicile

United States

Legal Structure

Open-Ended Fund

Dividend Policy

Distributing (pays dividends)

Replication Method

Synthetic (Swap-Based)

UCITS Status

✗ Not UCITS

Fund Currency

USD

Primary Exchange

NYSE Arca

Number of Holdings

~503

Top 10 Holdings

Top 10 represent 100.0% of the fund.

AAPLApple Inc. (3x)

21.30%

Technology

MSFTMicrosoft Corp. (3x)

19.50%

Technology

NVDANVIDIA Corp. (3x)

18.30%

Technology

AMZNAmazon.com (3x)

11.40%

Consumer Discretionary

METAMeta Platforms (3x)

7.50%

Communication Services

GOOGLAlphabet (A) (3x)

6.60%

Communication Services

GOOGAlphabet (C) (3x)

5.70%

Communication Services

BRK.BBerkshire (3x)

5.70%

Financials

AVGOBroadcom (3x)

5.40%

Technology

JPMJPMorgan (3x)

4.50%

Financials

Sector Breakdown

Technology

33%

Financials

13%

Healthcare

11%

Consumer Discretionary

10%

Communication Services

Industrials

Consumer Staples

Energy

Source: Official issuer data · Last updated: 2026-05-12

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Who Is This ETF For?

✓General portfolio building block for the asset class it covers.

Key Risks to Consider

• Market risk: equity values can drop 30-50% in severe bear markets.

• Non-UCITS: may have unfavorable tax treatment for non-US investors (US estate tax, withholding tax).

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QQQ0.20% TER

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IWM0.19% TER

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Data & Methodology

Metadata sourced from official issuer documentation. Price data from Yahoo Finance (monthly adjusted close, includes reinvested dividends and splits). AUM figures are approximate and updated quarterly.

Data source: Yahoo Finance (adjusted close), ProShares (metadata)Last verified: 2026-04-17

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💬 Frequently Asked Questions

3X daily leveraged S&P 500 ETF. Same daily compounding decay issues as TQQQ. For short-term tactical use only.

UPRO has a total expense ratio (TER) of 0.91%, which means you pay $91 per year for every $10,000 invested.

Yes, UPRO is a distributing ETF that pays dividends to shareholders. The frequency depends on the fund's schedule.

UPRO is a US-domiciled ETF (not UCITS). Non-US investors should consider the US estate tax implications (40% on US assets above $60,000) and the 30% dividend withholding tax (reduced by treaty in some countries).

UPRO uses synthetic replication via swap contracts, which can reduce tracking error but introduces counterparty risk.