ProShares - Ultra S&P 500 Equal Weight
$48.01−0.89 (−1.82%)
- Expense ratio
- 1.19%
- Fund size
- $40M
- 1Y return
- +22.5%
- Yield · Last 12 months
- Data unavailable
- Volume · 30D
- 0M sh
- NAV per share
- $48.08
- 52W range
The ETF.net URSP Grade
Score 56 of 100 sits in the B 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.DScore 32Category 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.AScore 79Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 79Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 62Category rank
Our read on URSP
BLeverage aimed at the average S&P 500 stock. URSP targets two times the daily move of the equal-weight version of the index, so the mega-cap top isn't running the show. It resets every day, which makes it a hold-and-watch instrument.
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
- Leverage on the equal-weight S&P 500: every constituent carries the same weight, so the fund's engine is the average stock rather than a handful of giants.proshares.com
- Plain mandate, no discretion: two times the daily performance of a published index (SPW), before fees and expenses. What you see is what the fund is doing.proshares.com
- ProShares runs a deep daily-leveraged lineup, and siblings like QLD, DDM and UDOW sit among the strongest implementations in this peer group.
Worth knowing
- The 2x target applies to one day. Hold longer and returns compound, so multi-day results can drift from twice the index move, with choppy markets widening the gap.proshares.com
- The 1.19% expense ratio runs above the median for daily-leveraged funds, and the financing cost of the leverage itself sits on top of that.
- A 2025 launch that's still small and lightly traded, so there's limited history to judge and spreads can run wider than in the veteran leveraged names.
URSP Holdings
- Stocks
- —
- 55%
- Net Other Assets (Liabilities)
Geography
- United States95.36%
- Ireland2.03%
- Switzerland0.80%
- United Kingdom0.60%
- Netherlands0.41%
- Bermuda0.41%
- Canada0.19%
- Singapore0.19%
URSP 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 | URSP |
|---|---|
| Year to date | +20.4% |
| 1 month | −7.2% |
| 3 months | +2.6% |
| 1 year | +22.5% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
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 | URSP |
|---|---|---|
| 2026 YTD | +20.4% | |
| 2025 | +1.6% |
URSP in the news
ETF.net Research hasn’t filed on URSP yet — coverage lands here as it’s written.
URSP Dividends
- $0.18 per share
- Quarterly
Distribution data unavailable.
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 24, 2026 | Jun 30, 2026 | $0.18 |
| Mar 25, 2026 | Mar 31, 2026 | $0.12 |
| Dec 24, 2025 | Dec 31, 2025 | $0.14 |
| Sep 24, 2025 | Sep 30, 2025 | $0.02 |
URSP 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.
- 20.4%
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.
- 1.20
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.
- −15.7%
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.
- 1.10
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
URSP Cost
- The middle half of Leveraged Long (2x & Other) funds
- Median 0.99%
65 of the 93 Leveraged Long (2x & Other) funds charge less.