ProShares Ultra Health Care
BThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$59.38−1.55 (−2.54%)
- 1.07%
- $97M
- +39.8%
- 1.04%
- 0M sh
- $60.98
- low $42.76high $64.60
The ETF.net RXL Grade
B
Score 56 out of 100
- 16 of 99
Score 56 of 100 falls in the B 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.C44 out of 100Rank 55 of 99Mission
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.B66 out of 100Rank 19 of 96Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B64 out of 100Rank 26 of 99Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C54 out of 100Rank 12 of 23Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A75 out of 100Rank 11 of 99
Our read on RXL
BThe 2x way to lean on health care. RXL doubles the daily move of the big health care sector index, roughly 70 drug, device and insurer names, and it has been doing that since 2007. The leverage resets every day.
The fund seeks daily returns, before fees and expenses, equal to two times the daily performance of the S&P Health Care Select Sector Index.
Why people hold it
- Aims for two times the daily performance of the S&P Health Care Select Sector Index: about 70 pharma, device and insurer stocks, not a single-name bet.proshares.com
- Double, not triple. The 2x mandate applies the same daily-reset machinery with less daily punch than 3x sector products.proshares.com
- Running since 2007, so the structure has operated through the financial crisis, COVID and several drug-pricing scares. Long tenure for a leveraged fund.
- Pays on a quarterly schedule, which is unusual company for a geared sector fund.
Worth knowing
- The 2x target is a daily one. Hold longer and compounding takes over: in choppy stretches, results can diverge meaningfully from twice the index move.
- A small fund that trades thinly, so bid-ask spreads can run wider than on the headline leveraged names.
- The 1.07% expense ratio sits a shade above the typical leveraged bull fund, and cheaper geared products exist on other sectors (FAS 0.92%, UYG 0.94%).
RXL Holdings
- Stocks
- 62
- 70%
- Net Other Assets (Liabilities)
Sectors
- Health Care80.3%
- Financials19.1%
- Technology0.6%
Geography
- United States98.28%
- Ireland1.72%
RXL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
RXL$13,979
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 | RXL |
|---|---|
| Year to date | +18.7% |
| 1 month | +8.3% |
| 3 months | +12.6% |
| 1 year | +39.8% |
| 3 years | +15.0% |
| 5 years | +6.7% |
| 10 years | +15.4% |
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 | RXL |
|---|---|---|
| 2026 YTD | +18.7% | |
| 2025 | +19.8% | |
| 2024 | −2.7% | |
| 2023 | −3.2% | |
| 2022 | −15.3% | |
| 2021 | +48.1% | |
| 2020 | +19.2% |
RXL in the news
RXL Dividends
- 1.04%
- $0.63
- $0.13 per share
- Quarterly
Distribution history
RXL 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.
- 28.3%
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.
- 0.45
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.
- −36.1%
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.
- 1.14
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
RXL Cost
1.07%
RXL1.07%
- The middle half of Leveraged Long (2x & Other) funds
- Median 1.00%
54 of the 95 Leveraged Long (2x & Other) funds charge less.
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