ProShares - Ultra MSCI Emerging Markets
$111.45−5.08 (−4.36%)
- Expense ratio
- 1.46%
- Fund size
- $41M
- 1Y return
- +54.4%
- Yield · Last 12 months
- 1.38%
- Holdings
- 8
- Volume · 30D
- 0M sh
- NAV per share
- $109.63
- 52W range
The ETF.net EET Grade
Score 44 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 21Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 65Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 63Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 30Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 71Category rank
Our read on EET
CA leveraged bet that skips the usual S&P and Nasdaq playbook: EET aims for twice the daily move of the MSCI Emerging Markets Index. Broad EM beta, dialed to 2x, resetting every single day.
The fund seeks daily investment results, before fees and expenses, that correspond to twice the daily performance of the MSCI Emerging Markets Index.
Why people hold it
- Rare geography for a leveraged fund. Most daily-leverage products chase US large caps or sectors; EET's reference point is the MSCI Emerging Markets Index.
- Live since 2009, so the mechanism has run through a full range of emerging-market cycles under one issuer, ProShares.
- The mandate is transparent and rules-based: 2x the daily performance of a widely followed EM benchmark, before fees and expenses. No stock picking, no discretion.proshares.com
- Distributions come on a quarterly schedule rather than being rolled up once a year.
Worth knowing
- The leverage resets daily. Hold longer than a day and compounding takes over, so results over a week or a year can differ substantially from 2x the index move for that stretch.
- At a 1.46% expense ratio, it carries a heavier fee load than the typical daily-leverage fund, and that cost is charged whether the index rises or falls.
- It's one of the smaller, more lightly traded names in the leveraged aisle, so spreads can be wider than the household-name 3x funds. Limit orders matter here.
EET Holdings
- Stocks
- 8
- 100%
- IQMM
Sectors
- Financials100.0%
Geography
- United States100.00%
EET Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | EET |
|---|---|
| Year to date | +45.4% |
| 1 month | +5.3% |
| 3 months | −8.7% |
| 1 year | +54.4% |
| 3 years | +39.2% |
| 5 years | +6.9% |
| 10 years | +7.8% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | EET |
|---|---|---|
| 2026 YTD | +45.4% | |
| 2025 | +63.2% | |
| 2024 | +2.9% | |
| 2023 | +7.1% | |
| 2022 | −42.9% | |
| 2021 | −10.9% | |
| 2020 | +18.9% |
EET in the news
ETF.net Research hasn’t filed on EET yet — coverage lands here as it’s written.
EET Dividends
- 1.38%
- $1.60
- $0.41 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 24, 2026 | Jun 30, 2026 | $0.41 |
| Mar 25, 2026 | Mar 31, 2026 | $0.35 |
| Dec 24, 2025 | Dec 31, 2025 | $0.52 |
| Sep 24, 2025 | Sep 30, 2025 | $0.32 |
| Jun 25, 2025 | Jul 1, 2025 | $0.33 |
| Mar 26, 2025 | Apr 1, 2025 | $0.29 |
| Dec 23, 2024 | Dec 31, 2024 | $0.71 |
| Sep 25, 2024 | Oct 2, 2024 | $0.48 |
| Jun 26, 2024 | Jul 3, 2024 | $0.45 |
| Mar 20, 2024 | Mar 27, 2024 | $0.31 |
| Dec 20, 2023 | Dec 28, 2023 | $0.37 |
| Sep 20, 2023 | Sep 27, 2023 | $0.34 |
EET Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 31.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.97
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −59.8%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.67
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
EET Cost
- The middle half of Leveraged Long (2x & Other) funds
- Median 0.99%
76 of the 93 Leveraged Long (2x & Other) funds charge less.