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Launched · SEC filings

ProShares Ultra Real Estate

URENYSE ArcaProSharesBThis 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.

$68.44−0.34 (−0.50%)

As of Nov 10, 2026, 11:20 AM ET

B58/ 100

Rank 14 of 99 in Leveraged Long (2x & Other)

B58/100Rank 14 of 99inLeveraged Long (2x & Other)
Intraday session: down, 21 prints from 68.79 to 68.44. Range 68.18 to 68.73. Use the arrow keys to read each point.68.2068.3068.6068.7010 AM12 PM2 PM4 PM
Expense ratio
0.95%*
Fund size
$53M
1Y total return
+16.4%
Yield · Last 12 months
1.87%
Holdings
32
Avg volume · 30D
3.06K sh
52W range
low $57.38high $75.65
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Sep 30, 2027. Without it: 1.12%.

The ETF.net URE Grade

Based on 5 of 6 pillars

B

Score 58 out of 100

Category
Leveraged Long (2x & Other)⁠
Rank
14 of 99
Six-pillar profile for URE. Scores out of 100: Cost 51, Risk 67, Mission not scored, Tradability 62, Holdings 66, Durability 71. Strongest: Durability (71). Weakest: Cost (51). Based on 5 of 6 pillars.

Score 58 of 100 falls in the B 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.
    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.
    B67 out of 100
    Rank 23 of 98

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B62 out of 100
    Rank 30 of 99

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B66 out of 100
    Rank 7 of 28

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A71 out of 100
    Rank 17 of 99

Our read on URE

ETF.net Research

In short

BA 2x dial on the real estate slice of the S&P 500: about 40 landlords, towers and warehouses, geared up and reset every single day. Listed January 2007, same mandate ever since.

Stated mandate

The fund seeks daily results, before fees and expenses, equal to twice the daily performance of the S&P Real Estate Select Sector SM Index.

Why people hold it

  • Listed in January 2007, URE has run the same 2x real estate mandate through the housing bust and everything after, a long life for a geared sector fund.proshares.com
  • The reference index holds the real estate companies inside the S&P 500, about 40 large names, and URE targets twice that index's daily move.cboe.com
  • 0.95% net of a waiver through September 30, 2027, near the category median: level with DDM at 0.95%, just above QLD at 0.89% (net of a waiver through September 30, 2027).
  • One of the stronger builds in a crowded leveraged bull field: a plain large-cap sector index, a clear 2x mandate and a shop that has kept the lights on since 2007.

Worth knowing

  • The 2x target applies to one day. Hold longer and each day compounds on the last, so multi-day results can land above or below twice the index move, especially in choppy tape.proshares.com
  • Thinly traded next to the headline geared funds, with a smaller asset base, so spreads can widen and larger orders need more care.
  • The 0.95% rate leans on a waiver running through September 30, 2027; gross expenses are 1.12% without it.

URE Performance

Launched Jan 30, 2007

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

URE$11,636
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. URE $11,636. SPY $11,339. Use the arrow keys to read each point.$10,000$11,000$12,000Nov 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 URE. Periods over one year show the average yearly return.
PeriodURE
Year to date+20.2%
1 month+14.7%
3 months−1.4%
1 year+16.4%
3 yearsper year+17.5%
5 yearsper year−5.9%
10 yearsper year+4.4%

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 URE
YearReturn barURE
2026 YTD+20.2%
2025−3.6%
2024+0.3%
2023+11.6%
2022−49.6%
2021+88.2%
2020−28.1%

URE in the news

URE 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.
1.87%Last 12 months
Payout per share
$1.31Last 12 months
Last payment
$0.24 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 35 payments from 2017 to 2026 YTD. Jun 21, 2017 $0.11; Sep 27, 2017 $0.06; Dec 26, 2017 $0.44; Mar 21, 2018 $0.01; Jun 20, 2018 $0.17; Sep 26, 2018 $0.25; Dec 26, 2018 $0.44; Mar 20, 2019 $0.01; Jun 25, 2019 $0.36; Sep 25, 2019 $0.15; Dec 24, 2019 $0.44; Mar 25, 2020 $0.14; Jun 24, 2020 $0.07; Sep 23, 2020 $0.08; Dec 23, 2020 $0.30; Jun 22, 2021 $0.08; Sep 22, 2021 $0.14; Dec 23, 2021 $0.46; Jun 22, 2022 $0.03; Sep 21, 2022 $0.31; Dec 22, 2022 $0.38; Jun 21, 2023 $0.12; Sep 20, 2023 $0.26; Dec 20, 2023 $0.46; Mar 20, 2024 $0.04; Jun 26, 2024 $0.53; Sep 25, 2024 $0.32; Dec 23, 2024 $0.42; Mar 26, 2025 $0.26; Jun 25, 2025 $0.29; Sep 24, 2025 $0.36; Dec 24, 2025 $0.51; Mar 25, 2026 $0.21; Jun 24, 2026 $0.34; Sep 23, 2026 $0.24. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 23, 2026Sep 29, 2026$0.24
Jun 24, 2026Jun 30, 2026$0.34
Mar 25, 2026Mar 31, 2026$0.21
Dec 24, 2025Dec 31, 2025$0.51
Sep 24, 2025Sep 30, 2025$0.36
Jun 25, 2025Jul 1, 2025$0.29
Mar 26, 2025Apr 1, 2025$0.26
Dec 23, 2024Dec 31, 2024$0.42
Sep 25, 2024Oct 2, 2024$0.32
Jun 26, 2024Jul 3, 2024$0.53
Mar 20, 2024Mar 27, 2024$0.04
Dec 20, 2023Dec 28, 2023$0.46

See all 70 payments⁠

$10,000 in URE 10 years ago paid $1,786 in dividends.⁠

URE Risk

Risk pillarB67 out of 100Rank 23 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.
33.4%
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.
0.49
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.
−63.7%
Trough Oct 2023
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.
1.88
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.

URE Cost

Compare URE 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.

  • URE 0.95%

    $17,869

  • WX 0.20% Cheapest

    $4,155

$10,000
30 years

Cost over time

  • URE 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$20K051015202530URE $17,869WX $4,155

Year by year

YearUREWXOverpaying
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 1.12%− waiver 0.17%= you pay 0.95%

The waiver ends Sep 30, 2027. After that the fee is 1.12% unless ProShares renews it. Source: prospectus, Sep 2026.

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