ProShares Global Listed Private Equity ETF
$22.18+0.07 (+0.34%)
- 2.95%
- $10M
- −8.0%
- 5.80%
- 0M sh
- $22.21
- low $20.49high $26.55
The ETF.net PEX Grade
D
Score 35 out of 100
- 10 of 12
Score 35 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D35 out of 100Rank 8 of 12Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C48 out of 100Rank 7 of 12Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F22 out of 100Rank 12 of 12Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D25 out of 100Rank 11 of 11Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B61 out of 100Rank 6 of 12
Our read on PEX
DPrivate equity you can buy at 9:30 a.m. PEX tracks a global index of roughly 30 listed firms that write their own deal checks (buyout houses, BDCs), not funds of funds. The headline fee is mostly a pass-through of what those firms charge.
The Fund seeks to track, before fees and expenses, the performance of the LPX Direct Listed Private Equity Index.
Why people hold it
- Direct-only by design: the index screens for listed companies that mainly pursue their own private equity deals, so you own operators, not a wrapper around other people's funds.proshares.com
- Most of the sticker price is not ProShares'. The issuer puts the fund's net expense ratio at 0.60% after waivers, once the fees of the companies it holds are stripped out.proshares.com
- Running since 2013 on one narrow brief: at least 80% of assets in index components, and it has hugged that index closely.proshares.com
Worth knowing
- All-in cost including the underlying companies' fees sits near 3%, above the peer median. GPZ (0.40%) and GTPE (0.50%) charge far less for adjacent private-markets exposure.
- Small fund, light volume. Spreads can be wide, so limit orders matter more here than in a household-name ETF.
- About 30 holdings, heavy in BDCs, and a 3% ownership limit per company means the fund sometimes samples the index instead of matching it name for name.proshares.com
PEX Holdings
- Other
- 31
- 63%
- ARCC
Sectors
- Financials94.8%
- Industrials3.4%
- Health Care1.5%
- Materials0.3%
Geography
- United States47.96%
- United Kingdom19.06%
- Belgium9.92%
- Canada7.72%
- France7.10%
- Sweden4.02%
- Switzerland2.64%
- Bermuda1.59%
Developed 97% · Emerging 3%
PEX Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
PEX$9,204
Returns run to the Oct 12, 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 | PEX |
|---|---|
| Year to date | −9.4% |
| 1 month | −5.0% |
| 3 months | 0.0% |
| 1 year | −8.0% |
| 3 years | +5.0% |
| 5 years | −0.9% |
| 10 years | +4.5% |
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 | PEX |
|---|---|---|
| 2026 YTD | −9.4% | |
| 2025 | +0.3% | |
| 2024 | +13.1% | |
| 2023 | +23.2% | |
| 2022 | −26.0% | |
| 2021 | +28.3% | |
| 2020 | −1.1% |
PEX in the news
PEX Dividends
- 5.80%
- $1.28
- $0.25 per share
- Twice a year
Distribution history
PEX Risk
- 14.5%
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.
- 0.11
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.
- −36.6%
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.
- 0.80
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PEX Cost
2.95%
PEX2.95%
- The middle half of Listed Private Markets funds
- Median 1.35%
7 of the 12 Listed Private Markets funds charge less.
Other funds in Listed Private Markets
- CBIZDVanEck BDC Income ETFExpense ratio 9.69%1 year return +1.2%
- CPEVCPacer PE/VC ETFExpense ratio 0.85%1 year return +21.4%
- DPBDCPutnam BDC Income ETFExpense ratio 11.77%1 year return −1.8%
- DVPCVirtus Private Credit Strategy ETFExpense ratio 10.60%1 year return −9.0%
- DLBOWHITEWOLF Publicly Listed Private Equity ETFExpense ratio 6.53%1 year return −5.8%