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Launched

ProShares Ultra S&P 500 Equal Weight

URSPNYSE 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.

$51.42+0.76 (+1.50%)

At close: Nov 2, 2026, 4:00 PM ET

B67/ 100

Rank 6 of 99 in Leveraged Long (2x & Other)

B67/100Rank 6 of 99inLeveraged Long (2x & Other)
Intraday session: up, 79 prints from 50.66 to 51.42. Range 51.30 to 51.84. Use the arrow keys to read each point.51.0051.2551.7510 AM12 PM2 PM4 PM
Expense ratio
0.95%*
Fund size
$41M
1Y total return
+29.3%
Yield · Last 12 months
1.23%
Holdings
503
Avg volume · 30D
55K sh
52W range
low $36.90high $53.57
Launched

*After a fee waiver that ends Sep 30, 2027. Without it: 1.34%.

The ETF.net URSP Grade

Based on 4 of 6 pillars

B

Score 67 out of 100

Category
Leveraged Long (2x & Other)⁠
Rank
6 of 99
Six-pillar profile for URSP. Scores out of 100: Cost 51, Risk 90, Mission not scored, Tradability 83, Holdings not scored, Durability 62. Strongest: Risk (90). Weakest: Cost (51). Based on 4 of 6 pillars.

Score 67 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.
    A90 out of 100
    Rank 4 of 98

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A83 out of 100
    Rank 8 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.
    B62 out of 100
    Rank 33 of 99

Our read on URSP

ETF.net Research

In short

BLeverage without the mega-cap pileup. Launched in 2025, URSP aims for 2x the daily move of the S&P 500 Equal Weight Index, where every member gets the same slot. Fee: 0.95% net of a waiver through September 30, 2027.

Stated mandate

URSP seeks daily investment results, before fees and expenses, corresponding to two times the daily performance of the S&P 500 Equal Weight Index.

Why people hold it

  • The only ETF built to target 2x the daily move of the equal-weight S&P 500, so the amplified bet rides 500 roughly equal slices instead of a few giants.proshares.comyahoo.com
  • Equal weight hands every company a uniform 0.2% at each quarterly rebalance, so the leveraged exposure keeps resetting away from whatever got crowded.yahoo.com
  • At 0.95% net of a waiver through September 30, 2027, it sits near the leveraged-bull median and matches DDM, while QLD runs 0.89% net of a waiver to the same date.
  • One of the stronger implementations in a crowded leveraged-bull field, with competitive cost, a contained risk profile and smooth day-to-day trading.

Worth knowing

  • Daily reset: the 2x target applies to one day only. Over longer holds, compounding can land results above or below 2x the index move, especially in choppy markets.proshares.com
  • That 0.95% rests on a waiver through September 30, 2027; the gross fee is 1.34%.
  • It launched in 2025, so the live track record is short and the asset base is still modest.

URSP Holdings

Asset class
Stocks
Holdings
503
Top-10 weight
45%
Largest holding
Net Other Assets (Liabilities)43.0%

Geography

  • United States99.83%
  • Switzerland0.06%
  • Ireland0.03%
  • United Kingdom0.03%
  • China0.03%
  • Mexico0.02%
The fund’s holdings, weight-ordered — page 1 of 34.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataNet Other Assets (Liabilities)43.04%17,652,726$17.7M151
2KMBKimberly-Clark Corp0.22%843$90.9K359
3MRNAModerna Inc0.18%334$74.1K297
4PTCPtc Inc0.17%355$69.4K279
5ACNAccenture Plc-Cl A0.16%260$67.1K348
6MTDMettler-Toledo International0.16%38$63.6K282
7LLYEli Lilly & Co0.15%44$62.4K593
8ITGartner Inc0.15%270$61.8K249
9HASHasbro Inc0.15%518$61.7K273
10PEverpure Inc-A0.15%473$60.1K309
11CRLCharles River Laboratories0.14%163$58.6K228
12CCLCarnival Corp Ltd0.14%2,024$58.4K235
13RVTYRevvity Inc0.14%370$58.1K216
14GDDYGodaddy Inc - Class A0.14%492$57.7K276
15ISRGIntuitive Surgical Inc0.14%132$57K423

Showing 1–15 of 503 holdings

URSP Performance

Launched Aug 25, 2025

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.
URSP$12,929
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. URSP $12,929. SPY $11,199. Use the arrow keys to read each point.$10,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 URSP. Periods over one year show the average yearly return.
PeriodURSP
Year to date+25.3%
1 month+7.3%
3 months+2.1%
1 year+29.3%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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 URSP
YearReturn barURSP
2026 YTD+25.3%
2025+1.6%

History from Aug 27, 2025

URSP in the news

URSP 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 Oct 30, 2026.
1.23%Last 12 months
Payout per share
$0.62Last 12 months
Last payment
$0.19 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2025–2026

One bar per payment. 5 payments from 2025 to 2026 YTD. Sep 24, 2025 $0.02; Dec 24, 2025 $0.14; Mar 25, 2026 $0.12; Jun 24, 2026 $0.18; Sep 23, 2026 $0.19. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 23, 2026Sep 29, 2026$0.19
Jun 24, 2026Jun 30, 2026$0.18
Mar 25, 2026Mar 31, 2026$0.12
Dec 24, 2025Dec 31, 2025$0.14
Sep 24, 2025Sep 30, 2025$0.02

$10,000 in URSP 1 year ago paid $157 in dividends.

URSP Risk

Risk pillarA90 out of 100Rank 4 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.
21.7%
Annualised · 14 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.
0.91
vs 3-month T-bills · 14 months 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.
−15.7%
14 months · trough Mar 2026
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.
1.08
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.

URSP Cost

Compare URSP 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.

  • URSP 0.95%

    $17,869

  • WX 0.20% Cheapest

    $4,155

$10,000
30 years

Cost over time

  • URSP 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$20K051015202530URSP $17,869WX $4,155

Year by year

YearURSPWXOverpaying
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 1.34%− waiver 0.39%= you pay 0.95%

The waiver ends Sep 30, 2027. After that the fee is 1.34% unless ProShares renews it. Source: prospectus, Sep 2026.

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