ProShares - Ultra Nasdaq Cloud Computing
$54.32+0.15 (+0.28%)
- Expense ratio
- 5.04%
- Fund size
- $6M
- 1Y return
- +26.9%
- Yield · Last 12 months
- 0.55%
- Holdings
- 66
- Volume · 30D
- 0M sh
- NAV per share
- $50.81
- 52W range
The ETF.net SKYU Grade
Score 30 of 100 sits in the D 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 5Category 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.CScore 41Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 62Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 72Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 54Category rank
Our read on SKYU
DMost geared ETFs point at the S&P 500 or the Nasdaq-100. This one aims for twice the daily move of a cloud-computing index: a narrow software theme with a 2x amplifier bolted on, and priced accordingly.
The fund seeks daily returns equal to twice the daily performance of the ISE CTA Cloud Computing Index, before fees and expenses.
Why people hold it
- A rare instrument. Leveraged funds usually track broad benchmarks; SKYU targets 2x the daily performance of the ISE CTA Cloud Computing Index, a single software theme.proshares.com
- Rules-based, not a stock picker's hunch. The exposure comes from a published index of roughly 70 cloud names, so no single software company steers the whole basket.
- Built by ProShares, whose geared shelf includes long-running workhorses like QLD, UDOW and DDM. The daily-objective plumbing here is the same machinery.
Worth knowing
- The fee is the headline: 5.04% a year in total expenses, versus 0.98% for ProShares' 2x Nasdaq-100 fund, QLD. Narrow leverage costs real money to hold.
- The 2x target resets daily. Hold longer than a day and compounding takes over, so multi-day results can drift well away from twice the index's move.
- It sits at the small, lightly traded end of the geared lineup, which tends to mean wider bid-ask spreads than the household-name leveraged funds.
SKYU Holdings
- Stocks
- 66
- 58%
- Net Other Assets (Liabilities)
Sectors
- Technology92.0%
- Communication5.0%
- Consumer Discr.3.0%
Geography
- United States91.22%
- Australia2.87%
- Canada2.32%
- Israel1.60%
- Germany1.29%
- Netherlands0.71%
SKYU 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 | SKYU |
|---|---|
| Year to date | +47.9% |
| 1 month | +6.5% |
| 3 months | +61.5% |
| 1 year | +26.9% |
| 3 years | +49.1% |
| 5 years | +2.9% |
| 10 years | — |
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 | SKYU |
|---|---|---|
| 2026 YTD | +47.9% | |
| 2025 | +2.8% | |
| 2024 | +65.8% | |
| 2023 | +105.7% | |
| 2022 | −75.9% | |
| 2021 | +7.1% |
SKYU in the news
ETF.net Research hasn’t filed on SKYU yet — coverage lands here as it’s written.
SKYU Dividends
- 0.55%
- $0.30
- $0.04 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 24, 2026 | Jun 30, 2026 | $0.04 |
| Mar 25, 2026 | Mar 31, 2026 | $0.06 |
| Dec 24, 2025 | Dec 31, 2025 | $0.12 |
| Sep 24, 2025 | Sep 30, 2025 | $0.08 |
| Mar 26, 2025 | Apr 1, 2025 | $0.0054 |
| Dec 23, 2024 | Dec 31, 2024 | $0.04 |
| Sep 25, 2024 | Oct 2, 2024 | $0.03 |
SKYU 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.
- 54.7%
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.
- 0.82
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.
- −83.0%
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.
- 2.89
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SKYU Cost
- The middle half of Leveraged Long (2x & Other) funds
- Median 0.99%
87 of the 93 Leveraged Long (2x & Other) funds charge less.