ProShares Ultra Consumer Staples
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$16.66
- Net Assets:$0 Million
- NAV:$16.61
- Premium0.3%
- Peer Rank:392 of 397
- Investment Rating:E-
- Performance:D-
- RiskD
We rate ProShares Ultra Consumer Staples at E-. Negative factors that influence this rating include a well below average total return. The fund invests approximately 58% of its assets in stocks and may be considered for investors seeking an Equity Income strategy.
Total return ranks well below peers over the last three years. The ProShares Ultra Consumer Staples has returned an annual rate of 11.73% since inception. More recently, the fund has generated a total return of 11.53% in the last five years, -4.12% in the last three years, and -3.97% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 82% of them. It has also outpaced 17% of its competitors on a three year basis and 9% of them over the last year for the period ending 2/29/2024. On a year to date basis, UGE has returned 5.53%.
Downside risk has been above average. UGE has a draw down risk of -88.05%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 34.2%. This fund has experienced excessive volatility in its monthly performance over the last 36 months.
High expense ratio hinders performance. As UGE is an exchange traded fund, it has no front end or back end load.
The ProShares Ultra Consumer Staples 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.