ProShares Ultra Russell 2000 2X Shares
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$38.41
- Net Assets:$0 Million
- NAV:$39.27
- Premium-2.19%
- Peer Rank:514 of 559
- Investment Rating:E
- Performance:D-
- RiskC-
We rate ProShares Ultra Russell2000 at E. Negative factors that influence this rating include a well below average total return. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking a Growth - Domestic strategy.
Total return ranks well below peers over the last three years. The ProShares Ultra Russell2000 has returned an annual rate of 4.99% since inception. More recently, the fund has generated a total return of 3.82% in the last five years, -10.13% in the last three years, and 6.88% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 41% of them. It has also outpaced 7% of its competitors on a three year basis and 38% of them over the last year for the period ending 2/29/2024. On a year to date basis, UWM has returned 3.18%.
Downside risk has been above average. UWM has a draw down risk of -77.46%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 44.5%. This fund has experienced excessive volatility in its monthly performance over the last 36 months.
High expense ratio hinders performance. As UWM is an exchange traded fund, it has no front end or back end load.
The ProShares Ultra Russell2000 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.