- Last Ratings Update:07/31/2015
- Price as of 07/31/2015 :$94.74
- Net Assets:$10.6 Million
- Peer Rank:83 of 109
- Investment Rating:C-
We rate ProShares UltraPro Financials at C-. Positive factors that influence this rating include a well above average total return, low price volatility and low expense structure. The fund may be considered for investors seeking a Growth & Income strategy.
POSITIVES AND RISKS
Total return ranks very high in comparison with peers over the last three years. The ProShares UltraPro Financials has returned an annual rate of 68.29% since inception. More recently, the fund has generated a total return of 65.05% in the last three years, 47.65% in the last year, and 28.90% in the last six months. How does that compare to other equity funds? In the last three years, it has outperformed 99% of them. It has also outpaced 98% of its competitors on a one year basis for the period ending 7/31/2015. On a year to date basis, FINU has returned 7.62%.
Downside risk has been above average. FINU has a draw down risk of -54.40%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 29.5%. This fund has experienced excessive volatility in its monthly performance over the last 36 months. As of 7/31/2015, the fund was trading at a price of $94.74, which is 2.7% below its 52-week high of $97.36 and 13.2% above its 52-week low of $83.71.
Low expense ratio helps performance. On total assets of $10.60 million, FINU maintains a low expense ratio compared to its Growth & Income peers of just 0.95% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As FINU is an exchange traded fund, it has no front end or back end load.
The ProShares UltraPro Financials is managed by Charles Lowery at ProShare Advisors LLC. This fund is one of 137 ProShare Advisors LLC exchange-traded funds launched since 6/19/2006 that we track.
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