ProShares - Ultra MSCI Brazil Capped
$33.55−1.53 (−4.37%)
- Expense ratio
- 5.11%
- Fund size
- $3M
- 1Y return
- +48.9%
- Yield · Last 12 months
- 1.46%
- Holdings
- 9
- Volume · 30D
- 0M sh
- NAV per share
- $33.91
- 52W range
The ETF.net UBR Grade
Score 22 of 100 sits in the F band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 4Category 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 40Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 30Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 57Category rank
Our read on UBR
FBrazil, doubled daily. UBR aims for twice the daily move of the MSCI Brazil 25/50 Index, a single-country swing in a cohort built mostly on US benchmarks, and it prices like the specialty tool it is at 5.11%.
UBR seeks daily results equal to two times the daily performance of the MSCI Brazil 25/50 Index, before fees and expenses.
Why people hold it
- Targets 2x the daily move of the MSCI Brazil 25/50 Index, putting a leveraged single-country view inside an ordinary brokerage ticket instead of futures or a margin setup.
- Running since 2010 with the same 2x daily objective, through more than a decade of Brazilian market swings.
- Plain plumbing: one published index, one stated multiple, a daily reset, quarterly distributions. No option overlay or manager discretion to decode.
Worth knowing
- The leverage resets daily. Hold longer and returns compound, so a multi-day result can differ from 2x the index move over that same stretch, most of all in choppy markets.
- Cost is the headline trade-off: 5.11% a year, while the cohort's leaders such as QLD and FAS sit under 1%.
- A small fund that trades thinly, so spreads and order size matter more here than in the leveraged cohort's household names, where it trails most peers on both counts.
UBR Holdings
- Stocks
- 9
- 100%
- Net Other Assets (Liabilities)
UBR 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 | UBR |
|---|---|
| Year to date | +34.7% |
| 1 month | +18.2% |
| 3 months | +21.0% |
| 1 year | +48.9% |
| 3 years | +13.7% |
| 5 years | +7.1% |
| 10 years | −4.3% |
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 | UBR |
|---|---|---|
| 2026 YTD | +34.7% | |
| 2025 | +96.2% | |
| 2024 | −57.0% | |
| 2023 | +50.0% | |
| 2022 | +5.6% | |
| 2021 | −39.0% | |
| 2020 | −60.7% |
UBR in the news
ETF.net Research hasn’t filed on UBR yet — coverage lands here as it’s written.
UBR Dividends
- 1.46%
- $0.51
- $0.12 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 24, 2026 | Jun 30, 2026 | $0.12 |
| Mar 25, 2026 | Mar 31, 2026 | $0.13 |
| Dec 24, 2025 | Dec 31, 2025 | $0.13 |
| Sep 24, 2025 | Sep 30, 2025 | $0.13 |
| Jun 25, 2025 | Jul 1, 2025 | $0.16 |
| Mar 26, 2025 | Apr 1, 2025 | $0.12 |
| Dec 23, 2024 | Dec 31, 2024 | $0.29 |
| Sep 25, 2024 | Oct 2, 2024 | $0.40 |
| Jun 26, 2024 | Jul 3, 2024 | $0.26 |
| Mar 20, 2024 | Mar 27, 2024 | $0.16 |
| Dec 20, 2023 | Dec 28, 2023 | $0.22 |
| Sep 20, 2023 | Sep 27, 2023 | $0.17 |
UBR 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.
- 47.5%
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.
- 0.32
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.
- −65.2%
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.
UBR Cost
- The middle half of Leveraged Long (2x & Other) funds
- Median 0.99%
88 of the 93 Leveraged Long (2x & Other) funds charge less.