ProShares - Ultra Nasdaq Cloud Computing
DThis 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.
$56.59−0.63 (−1.11%)
- 5.04%
- $7M
- +46.9%
- 0.40%
- 0M sh
- $57.24
- low $22.55high $58.86
The ETF.net SKYU Grade
D
Score 31 out of 100
- 81 of 99
Score 31 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.F5 out of 100Rank 94 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.C45 out of 100Rank 58 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.A71 out of 100Rank 5 of 23Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B57 out of 100Rank 45 of 99
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
- 61%
- Net Other Assets (Liabilities)
Sectors
- Technology87.8%
- Communication8.3%
- Consumer Discretionary3.3%
- Health Care0.6%
Geography
- United States93.31%
- Canada2.40%
- Australia1.74%
- Germany1.05%
- Israel0.95%
- Netherlands0.55%
SKYU Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
SKYU$14,692
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 | SKYU |
|---|---|
| Year to date | +56.3% |
| 1 month | +17.4% |
| 3 months | +47.4% |
| 1 year | +46.9% |
| 3 years | +50.3% |
| 5 years | +4.2% |
| 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 | +56.3% | |
| 2025 | +2.8% | |
| 2024 | +65.8% | |
| 2023 | +105.7% | |
| 2022 | −75.9% | |
| 2021 | +7.1% |
SKYU in the news
SKYU Dividends
- 0.40%
- $0.23
- $0.0078 per share
- Quarterly
Distribution history
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.
- 54.1%
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.
- 0.88
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
5.04%
SKYU5.04%
- The middle half of Leveraged Long (2x & Other) funds
- Median 1.00%
89 of the 95 Leveraged Long (2x & Other) funds charge less.
Other funds in Leveraged Long (2x & Other)
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- DXPPProShares - Ultra FTSE China 50Expense ratio 1.53%1 year return −25.8%
- DMSOXAdvisorShares MSOS Daily Leveraged ETFExpense ratio 1.42%1 year return −73.7%
- DTSXUDirexion Daily Semiconductors Top 5 Bull 2X ETFExpense ratio 5.11%1 year return +111.5%