ProShares UltraPro Financial Select SectorFind Ratings Reports
- Last Ratings Update:07/31/2016
- Price as of 07/31/2016 :$72.67
- Net Assets:$10.6 Million
- Peer Rank:101 of 119
- Investment Rating:D
We rate ProShares UltraPro Finl Sel Sector 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 very high in comparison with peers over the last three years. The ProShares UltraPro Finl Sel Sector has returned an annual rate of 38.35% since inception. More recently, the fund has generated a total return of 11.05% in the last three years, -23.13% in the last year, and 27.47% in the last six months. How does that compare to other equity funds? In the last three years, it has outperformed 76% of them. It has also outpaced 5% of its competitors on a one year basis for the period ending 7/31/2016. On a year to date basis, FINU has returned -9.47%.
Downside risk has been above average. FINU has a draw down risk of -56.87%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 42.4%. This fund has experienced excessive volatility in its monthly performance over the last 36 months. As of 7/31/2016, the fund was trading at a price of $72.67, which is 0.0% below its 52-week high of $72.67 and 21.7% above its 52-week low of $59.73.
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 Finl Sel Sector is managed by Michael Neches at ProShare Advisors LLC. This fund is one of 148 ProShare Advisors LLC exchange-traded funds launched since 6/19/2006 that we track.