ProShares Ultra VIX Short-Term Futures ETF 2x Shares
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$6.76
- Net Assets:$0 Million
- NAV:$6.77
- Premium-0.15%
- Peer Rank:161 of 161
- Investment Rating:E-
- Performance:E-
- RiskD
We rate ProShares Ultra VIX Sh Tm Fut ETF at E-. Negative factors that influence this rating include a high expense structure and short term portfolio management tenure. The fund may be considered for investors seeking a Growth & Income strategy.
New Fund off to poor start in the last year. The ProShares Ultra VIX Sh Tm Fut ETF has returned an annual rate of -56.01% since inception. More recently, the fund has generated a total return of -73.04% in the last five years, -80.20% in the last three years, and -85.16% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 0% of them. It has also outpaced 0% of its competitors on a three year basis and 0% of them over the last year for the period ending 2/29/2024. On a year to date basis, UVXY has returned -19.77%.
Downside risk has been above average. UVXY has a draw down risk of -91.57%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 84.7%. This fund has experienced excessive volatility in its monthly performance over the last 36 months.
High expense ratio hinders performance. As UVXY is an exchange traded fund, it has no front end or back end load.
The ProShares Ultra VIX Sh Tm Fut ETF is managed by Todd B. Johnson at ProShare Advisors LLC. This fund is one of 130 ProShare Advisors LLC exchange-traded funds launched since 6/19/2006 that we track.