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Launched · SEC filings

ProShares Trust

UCOPNYSE ArcaCThis 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.

$42.910.00 (0.00%)

As of Oct 13, 2026, 9:46 AM

C40/ 100

Rank 40 of 99 in Leveraged Long (2x & Other)

C40/100Rank 40 of 99inLeveraged Long (2x & Other)
Intraday session: flat, 1 prints from 42.91 to 42.91. Range 42.91 to 42.91. Use the arrow keys to read each point.42.0042.5043.5010 AM12 PM2 PM4 PM
Expense ratio
1.04%
Fund size
$5M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
1
Avg volume · 30D
0M sh
NAV per share
$43.00
52W range
low $36.49high $47.68
Launched
Filings
SEC EDGAR

The ETF.net UCOP Grade

Based on 4 of 6 pillars

C

Score 40 out of 100

Category
Leveraged Long (2x & Other)⁠
Rank
40 of 99
Six-pillar profile for UCOP. Scores out of 100: Cost 48, Risk 54, Mission not scored, Tradability 50, Holdings not scored, Durability 47. Strongest: Risk (54). Weakest: Durability (47). 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
50
This cap took
−10
Published Score
40 Grade C

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C48 out of 100
    Rank 50 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.
    C54 out of 100
    Rank 47 of 96

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C50 out of 100
    Rank 53 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.
    C47 out of 100
    Rank 54 of 99

Our read on UCOP

ETF.net Research

CMost leveraged ETFs double down on stock indexes. UCOP aims its 2x daily leverage at copper instead, tracking the United States Copper Index Fund, so one day's move in the red metal lands twice over.

Stated mandate

The fund seeks daily results equal to two times the daily performance of copper before fees and expenses.

Why people hold it

  1. 01The mandate is blunt: two times the daily move of copper, before fees. No miners as a stand-in, no stock picking, just the metal's daily swing doubled.proshares.com
  2. 02Its stated benchmark is the United States Copper Index Fund (CPER), so exposure runs through a listed, futures-based copper fund rather than a bespoke in-house basket.proshares.com
  3. 031.04% a year, right at what daily-leveraged funds typically charge, from the shop behind cohort mainstays like QLD and UDOW.
  4. 04Registered as a 1940 Act fund rather than a commodity partnership, an unusual wrapper for a metals-linked leveraged product.proshares.com

Worth knowing

  1. 01Leverage resets every day. Hold longer and compounding takes over, so choppy copper can leave results far from twice the period's move.
  2. 02A small, thinly traded fund, so spreads can run wider and limit orders matter more than they do with the category's household names.
  3. 03Launched in 2026, so the track record is short, and payouts are infrequent. This is a price-move tool, not an income one.

UCOP Holdings

As of Oct 13, 2026
Asset class
Other
Holdings
1
Top-10 weight
100%
Largest holding
Net Other Assets (Liabilities)100.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Net Other Assets (Liabilities)100.00%4,729,990$5M163

Showing 1–1 of 1 holdings

UCOP Performance

Launched Apr 20, 2026

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.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
UCOP$10,811
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. UCOP $10,811. SPY $10,332. Use the arrow keys to read each point.$9,523$10,536$11,549Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

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.

Trailing total return for UCOP. Periods over one year show the average yearly return.
PeriodUCOP
Year to dateFund launched this year—
1 month+5.3%
3 months+8.1%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, 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 UCOP
YearReturn barUCOP
2026 YTD+9.7%

History from Apr 21, 2026

UCOP in the news

Filtered to UCOP · Leveraged Long (2x & Other)

UCOP Dividends

Last payment
$0.12 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 2 payments in 2026 YTD. Jun 24, 2026 $0.05; Sep 23, 2026 $0.12. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 23, 2026Sep 29, 2026$0.12
Jun 24, 2026Jun 30, 2026$0.05

UCOP 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.

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Apr 2026; fills in after 12 months
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.
—
Launched Apr 2026; fills in after 12 months
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.
—
Launched Apr 2026; fills in after 12 months
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.
2.11
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.

UCOP Cost

Expense ratio1.04%
  • The middle half of Leveraged Long (2x & Other) funds
  • Median 1.00%

50 of the 95 Leveraged Long (2x & Other) funds charge less.

UCOP costs $104.00 a year on $10,000. The median Leveraged Long (2x & Other) fund costs $100.00.

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