ProShares Ultra Real Estate
$62.18−1.65 (−2.59%)
- Expense ratio
- 1.10%
- Fund size
- $50M
- 1Y return
- +3.0%
- Yield · Last 12 months
- 2.22%
- Holdings
- 40
- Volume · 30D
- 0M sh
- NAV per share
- $63.12
- 52W range
The ETF.net URE Grade
Score 50 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 41Category 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.BScore 60Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 52Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 64Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 71Category rank
Our read on URE
CLeverage pointed at landlords, not the Nasdaq. URE aims for twice the daily move of the S&P Real Estate Select Sector Index, a 2x dial on a compact basket of US property stocks, on the shelf since 2007.
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
- Sector leverage in one ticker: the fund seeks daily results equal to twice the daily performance of the S&P Real Estate Select Sector Index, no margin account required.proshares.com
- A 2x dial, not 3x. Cousins on the leveraged shelf like Direxion's FAS run triple exposure; URE's declared multiple is two.
- Launched in 2007, so it has traded through the housing bust and the rate shocks that followed. It sits in the upper half of a crowded leveraged-bull group on our review.
- Plain plumbing: a 1940 Act fund tracking an index of roughly 40 US real estate names, with distributions paid quarterly.
Worth knowing
- The 2x target resets daily. Hold longer than a day and compounding takes over, so results can drift well away from twice the index's move over that stretch.
- Trading is light next to the headline leveraged funds, which tends to mean wider bid-ask spreads. Limit orders matter more here.
- The 1.10% expense ratio is leveraged-product pricing, several times what a plain real estate index fund charges, and it is charged every year you hold.
URE Holdings
- Stocks
- 40
- 64%
- IQMM
Sectors
- Real Estate82.9%
- Financials17.1%
Geography
- United States100.00%
URE 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 | URE |
|---|---|
| Year to date | +9.7% |
| 1 month | −10.1% |
| 3 months | −6.9% |
| 1 year | +3.0% |
| 3 years | +12.1% |
| 5 years | −6.6% |
| 10 years | +1.4% |
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 | URE |
|---|---|---|
| 2026 YTD | +9.7% | |
| 2025 | −3.6% | |
| 2024 | +0.3% | |
| 2023 | +11.6% | |
| 2022 | −49.6% | |
| 2021 | +88.2% | |
| 2020 | −28.1% |
URE in the news
ETF.net Research hasn’t filed on URE yet — coverage lands here as it’s written.
URE Dividends
- 2.22%
- $1.42
- $0.34 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 24, 2026 | Jun 30, 2026 | $0.34 |
| Mar 25, 2026 | Mar 31, 2026 | $0.21 |
| Dec 24, 2025 | Dec 31, 2025 | $0.51 |
| Sep 24, 2025 | Sep 30, 2025 | $0.36 |
| Jun 25, 2025 | Jul 1, 2025 | $0.29 |
| Mar 26, 2025 | Apr 1, 2025 | $0.26 |
| Dec 23, 2024 | Dec 31, 2024 | $0.42 |
| Sep 25, 2024 | Oct 2, 2024 | $0.32 |
| Jun 26, 2024 | Jul 3, 2024 | $0.53 |
| Mar 20, 2024 | Mar 27, 2024 | $0.04 |
| Dec 20, 2023 | Dec 28, 2023 | $0.46 |
| Sep 20, 2023 | Sep 27, 2023 | $0.26 |
URE 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.
- 33.6%
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.
- 0.30
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.
- −63.7%
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.
- 1.90
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
URE Cost
- The middle half of Leveraged Long (2x & Other) funds
- Median 0.99%
57 of the 93 Leveraged Long (2x & Other) funds charge less.