ProShares Ultra S&P500Find Ratings Reports
- Last Ratings Update:06/30/2016
- Price as of 06/30/2016 :$65.96
- Net Assets:$2,127.4 Million
- Peer Rank:190 of 323
- Investment Rating:C
We rate ProShares Ultra S&P500 at C. Positive factors that influence this rating include a well above average total return, low price volatility and low expense structure. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking a Growth - Domestic strategy.
POSITIVES AND RISKS
Total return ranks very high in comparison with peers over the last three years. The ProShares Ultra S&P500 has returned an annual rate of 0.95% since inception. More recently, the fund has generated a total return of 20.03% in the last five years, 19.48% in the last three years, and 2.52% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 98% of them. It has also outpaced 93% of its competitors on a three year basis and 60% of them over the last year for the period ending 6/30/2016. On a year to date basis, SSO has returned 6.08%.
Downside risk has been above average. SSO has a draw down risk of -58.55%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 23.2%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months. As of 6/30/2016, the fund was trading at a price of $65.96, which is 2.9% below its 52-week high of $67.90 and 10.5% above its 52-week low of $59.70.
High expense ratio hinders performance. As SSO is an exchange traded fund, it has no front end or back end load.
The ProShares Ultra S&P500 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.