ProShares Ultra Utilities 2x Shares
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$50.18
- Net Assets:$0 Million
- NAV:$49.35
- Premium1.68%
- Peer Rank:20 of 20
- Investment Rating:E+
- Performance:D-
- RiskC
We rate ProShares Ultra Utilities at E+. Negative factors that influence this rating include a below average total return. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking a Sector - Utilities strategy.
Total return ranks below peers over the last three years. The ProShares Ultra Utilities has returned an annual rate of 6.96% since inception. More recently, the fund has generated a total return of -0.88% in the last five years, 0.18% in the last three years, and -16.88% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 11% of them. It has also outpaced 37% of its competitors on a three year basis and 4% of them over the last year for the period ending 2/29/2024. On a year to date basis, UPW has returned -6.89%.
Downside risk has been above average. UPW has a draw down risk of -41.75%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 36.6%. This fund has experienced excessive volatility in its monthly performance over the last 36 months.
Low expense ratio helps performance. As UPW is an exchange traded fund, it has no front end or back end load.
The ProShares Ultra Utilities is managed by Michael Neches at ProShare Advisors LLC. This fund is one of 130 ProShare Advisors LLC exchange-traded funds launched since 6/19/2006 that we track.