ProShares UltraShort Australian DollarFind Ratings Reports
- Last Ratings Update:05/31/2018
- Price as of 05/31/2018 :$48.12
- Net Assets:$20.6 Million
- Peer Rank:119 of 127
- Investment Rating:D-
We rate ProShares UltraSht Australian Dlr at D-. Negative factors that influence this rating include a short term portfolio management tenure. The fund may be considered for investors seeking a Growth & Income strategy.
POSITIVES AND RISKS
Total return ranks well below peers over the last three years. The ProShares UltraSht Australian Dlr has returned an annual rate of 3.06% since inception. More recently, the fund has generated a total return of 2.11% in the last five years, -4.98% in the last three years, and -5.90% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 27% of them. It has also outpaced 10% of its competitors on a three year basis and 9% of them over the last year for the period ending 5/31/2018. On a year to date basis, CROC has returned 5.48%.
Downside risk has been below average. CROC has a draw down risk of -33.29%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 19.3%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months. As of 5/31/2018, the fund was trading at a price of $48.12, which is 3.3% below its 52-week high of $49.76 and 0.1% above its 52-week low of $48.07.
Low expense ratio helps performance. On total assets of $20.60 million, CROC maintains a low expense ratio compared to its Growth & Income peers of just 1.02% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As CROC is an exchange traded fund, it has no front end or back end load.
The ProShares UltraSht Australian Dlr is managed by Benjamin McAbee at ProShare Advisors LLC. This fund is one of 132 ProShare Advisors LLC exchange-traded funds launched since 6/19/2006 that we track.