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Launched · SEC filings

ProShares Ultra MSCI Brazil Capped

UBRNYSE ArcaProSharesCThis 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.

$22.58−0.75 (−3.23%)

As of Nov 10, 2026, 11:15 AM ET

C40/ 100

Rank 37 of 99 in Leveraged Long (2x & Other)

C40/100Rank 37 of 99inLeveraged Long (2x & Other)
Intraday session: down, 22 prints from 23.33 to 22.58. Range 22.58 to 23.04. Use the arrow keys to read each point.22.8023.0023.2010 AM12 PM2 PM4 PM
Expense ratio
0.95%*
Fund size
$2M
1Y total return
−9.0%
Yield · Last 12 months
2.38%
Holdings
1
Avg volume · 30D
3.08K sh
52W range
low $20.63high $45.00
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Sep 30, 2027. Without it: 3.26%.

The ETF.net UBR Grade

Based on 4 of 6 pillars

C

Score 40 out of 100

Category
Leveraged Long (2x & Other)⁠
Rank
37 of 99
Six-pillar profile for UBR. Scores out of 100: Cost 51, Risk 29, Mission not scored, Tradability 41, Holdings not scored, Durability 57. Strongest: Durability (57). Weakest: Risk (29). Based on 4 of 6 pillars.

Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
44
This cap took
−4
Published Score
40 Grade C

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C51 out of 100
    Rank 32 of 99

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D29 out of 100
    Rank 78 of 98

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C41 out of 100
    Rank 64 of 99

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B57 out of 100
    Rank 43 of 99

Our read on UBR

ETF.net Research

In short

CTwo times the daily move of Brazil's large-cap index in one ticker, with index caps that keep Petrobras and Vale from swallowing the basket. Leverage resets every day. 0.95% net of a waiver through September 30, 2027.

Stated mandate

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

  • Aims for 2x the daily performance of the MSCI Brazil 25/50 Index, before fees, in a brokerage account. No margin account, no swap desk, one ticker.proshares.com
  • The 25/50 index rules cap any single issuer at 25% and hold all 5%-plus names to 50% combined, so Brazil's oil and mining giants cannot run away with the weighting.msci.com
  • At 0.95% net of a waiver through September 30, 2027, the fee sits near the leveraged-bull median and level with ProShares' 2x Dow fund, DDM, at 0.95%.
  • Listed since 2010, so the structure has run through several full Brazilian boom-and-bust cycles.

Worth knowing

  • Leverage resets daily. Hold longer than a day and compounding takes over, so results can drift well away from 2x the index's move for the period, especially in choppy markets.proshares.com
  • Gross expenses run 3.26%, trimmed to 0.95% by a waiver through September 30, 2027. Worth tracking what the fee looks like after that date.
  • A small fund that trades lightly next to the big 2x index products, which can mean wider spreads. Limit orders earn their keep here.

UBR Performance

Launched Apr 27, 2010

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

UBR$9,100
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. UBR $9,100. SPY $11,339. Use the arrow keys to read each point.$10,000$12,500$15,000$17,500Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 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.

Trailing total return for UBR. Periods over one year show the average yearly return.
PeriodUBR
Year to date−10.4%
1 month−47.6%
3 months−22.4%
1 year−9.0%
3 yearsper year−1.3%
5 yearsper year+3.1%
10 yearsper year−9.2%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for UBR
YearReturn barUBR
2026 YTD−10.4%
2025+96.2%
2024−57.0%
2023+50.0%

UBR in the news

UBR Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 9, 2026.
2.38%Last 12 months
Payout per share
$0.56Last 12 months
Last payment
$0.17 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2018–2026

One bar per payment. 19 payments from 2018 to 2026 YTD. Dec 26, 2018 $0.08; Mar 20, 2019 $0.10; Jun 25, 2019 $0.09; Sep 25, 2019 $0.25; Dec 24, 2019 $0.03; Jun 21, 2023 $0.0027; Sep 20, 2023 $0.17; Dec 20, 2023 $0.22; Mar 20, 2024 $0.16; Jun 26, 2024 $0.26; Sep 25, 2024 $0.40; Dec 23, 2024 $0.29; Mar 26, 2025 $0.12; Jun 25, 2025 $0.16; Sep 24, 2025 $0.13; Dec 24, 2025 $0.13; Mar 25, 2026 $0.13; Jun 24, 2026 $0.12; Sep 23, 2026 $0.17. Use the arrow keys to read each point.201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 23, 2026Sep 29, 2026$0.17
Jun 24, 2026Jun 30, 2026$0.12
Mar 25, 2026Mar 31, 2026$0.13
Dec 24, 2025Dec 31, 2025$0.13
Sep 24, 2025Sep 30, 2025$0.13
Jun 25, 2025Jul 1, 2025$0.16
Mar 26, 2025Apr 1, 2025$0.12
Dec 23, 2024Dec 31, 2024$0.29
Sep 25, 2024Oct 2, 2024$0.40
Jun 26, 2024Jul 3, 2024$0.26
Mar 20, 2024Mar 27, 2024$0.16
Dec 20, 2023Dec 28, 2023$0.22

See all 19 payments⁠

$10,000 in UBR 10 years ago paid $559 in dividends.⁠

UBR Risk

Risk pillarD29 out of 100Rank 78 of 98 in Leveraged Long (2x & Other)

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.

How much the fund’s monthly returns vary, scaled to a year.
50.8%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.21
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−65.2%
Trough Jan 2025
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.

How strongly the fund’s returns move with its asset-class index.
0.80
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

UBR Cost

Compare UBR and WX

Overpaying vs WX, cheapest in Leveraged Long (2x & Other)

$13,714

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • UBR 0.95%

    $17,869

  • WX 0.20% Cheapest

    $4,155

$10,000
30 years

Cost over time

  • UBR 0.95%
  • WX 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530UBR $17,869WX $4,155

Year by year

YearUBRWXOverpaying
10$1,678$365$1,313
20$6,322$1,421$4,901
30$17,869$4,155$13,714
How the 0.95% is worked out

Full fee 3.26%− waiver 2.31%= you pay 0.95%

The waiver ends Sep 30, 2027. After that the fee is 3.26% unless ProShares renews it. Source: prospectus, Sep 2026.

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