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Launched · SEC filings

ProShares UltraPro Russell2000

URTYNYSE 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.

$60.66−9.62 (−13.69%)

At close: Nov 5, 2026, 4:00 PM ET

B63/ 100

Rank 9 of 31 in 3x Leveraged Long

B63/100Rank 9 of 31in3x Leveraged Long
Intraday session: down, 79 prints from 70.28 to 60.66. Range 60.56 to 70.66. Use the arrow keys to read each point.62.0064.0066.0068.0010 AM12 PM2 PM4 PM
Expense ratio
0.95%*
Fund size
$292M
1Y total return
+38.3%
Yield · Last 12 months
0.90%
Holdings
1966
Avg volume · 30D
398K sh
52W range
low $43.33high $89.85
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Sep 30, 2027. Without it: 1.13%.

The ETF.net URTY Grade

B

Score 63 out of 100

Category
3x Leveraged Long⁠
Rank
9 of 31
Six-pillar profile for URTY. Scores out of 100: Cost 62, Risk 57, Mission 83, Tradability 73, Holdings 55, Durability 64. Strongest: Mission (83). Weakest: Holdings (55). Leans toward Mission.

Score 63 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.
    B62 out of 100
    Rank 9 of 31

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A83 out of 100
    Rank 2 of 3

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B57 out of 100
    Rank 12 of 31

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A73 out of 100
    Rank 6 of 31

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B55 out of 100
    Rank 3 of 4

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B64 out of 100
    Rank 7 of 31

Our read on URTY

ETF.net Research

In short

BThe quieter way to put 3x daily torque on the Russell 2000. ProShares has run URTY since 2010 at 0.95% net of a waiver through September 30, 2027, under the fee on the better-known 3x small-cap rival.

Stated mandate

URTY seeks daily investment results, before fees and expenses, corresponding to three times the daily performance of the Russell 2000 Index. Because the objective is daily, returns over periods longer than one day may differ materially from the target.

Why people hold it

  • The mandate is literal: three times the Russell 2000's daily move, before fees, reset every evening. No forecast, no discretion, one trading day at a time.proshares.com
  • 0.95% net of a waiver through September 30, 2027 (1.13% gross), near the norm for 3x bull funds and under TNA, whose 1.05% is itself waived through September 1, 2027.
  • Running since 2010, it has stayed close to its stated daily multiple and stands in the upper half of the 3x long funds we grade.
  • The reference exposure is roughly 2,000 US small caps, not a handful of names, and the fund distributes quarterly.

Worth knowing

  • The reset is daily. Hold longer, especially through choppy tape, and results over that stretch can differ materially from 3x the index.
  • Small-cap swings land tripled in both directions, and a deep drawdown takes an outsized move to climb back from.
  • Trading is moderate for the category rather than heavyweight, so bid-ask spreads are worth a look.

URTY Performance

Launched Feb 9, 2010

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

URTY$13,831
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,478
Nov 4, 2025 to Nov 4, 2026. URTY $13,831. SPY $11,478. Use the arrow keys to read each point.$10,000$12,500$15,000$17,500Nov 2025May 2026Nov 2026

Nov 4, 2025 – Nov 4, 2026

Returns run to the Nov 4, 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 URTY. Periods over one year show the average yearly return.
PeriodURTY
Year to date+33.0%
1 month+1.1%
3 months−19.2%
1 year+38.3%
3 yearsper year+31.9%
5 yearsper year−10.5%
10 yearsper year+6.9%

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 URTY
YearReturn barURTY
2026 YTD+33.0%
2025+9.3%
2024+7.4%
2023+24.5%
2022−62.8%

URTY in the news

URTY 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 4, 2026.
0.90%Last 12 months
Payout per share
$0.63Last 12 months
Last payment
$0.18 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. 19 payments from 2017 to 2026 YTD. Dec 26, 2018 $0.14; Mar 20, 2019 $0.04; Dec 24, 2019 $0.12; Dec 23, 2020 $0.0027; Dec 22, 2022 $0.11; Mar 22, 2023 $0.05; Jun 21, 2023 $0.08; Sep 20, 2023 $0.04; Dec 20, 2023 $0.08; Jun 26, 2024 $0.14; Sep 25, 2024 $0.19; Dec 23, 2024 $0.25; Mar 26, 2025 $0.13; Jun 25, 2025 $0.04; Sep 24, 2025 $0.18; Dec 24, 2025 $0.19; Mar 25, 2026 $0.09; Jun 24, 2026 $0.17; Sep 23, 2026 $0.18. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 23, 2026Sep 29, 2026$0.18
Jun 24, 2026Jun 30, 2026$0.17
Mar 25, 2026Mar 31, 2026$0.09
Dec 24, 2025Dec 31, 2025$0.19
Sep 24, 2025Sep 30, 2025$0.18
Jun 25, 2025Jul 1, 2025$0.04
Mar 26, 2025Apr 1, 2025$0.13
Dec 23, 2024Dec 31, 2024$0.25
Sep 25, 2024Oct 2, 2024$0.19
Jun 26, 2024Jul 3, 2024$0.14
Dec 20, 2023Dec 28, 2023$0.08
Sep 20, 2023Sep 27, 2023$0.04

See all 22 payments⁠

$10,000 in URTY 10 years ago paid $592 in dividends.⁠

URTY Risk

Risk pillarB57 out of 100Rank 12 of 31 in 3x Leveraged Long

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.
58.4%
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.
0.74
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.
−82.7%
Trough Apr 2025
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.
3.83
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.

URTY Cost

Compare URTY and SOXL

Overpaying vs SOXL, cheapest in 3x Leveraged Long

$3,387

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • URTY 0.95%

    $17,869

  • SOXL 0.75% Cheapest

    $14,482

$10,000
30 years

Cost over time

  • URTY 0.95%
  • SOXL 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530URTY $17,869SOXL $14,482

Year by year

YearURTYSOXLOverpaying
10$1,678$1,336$342
20$6,322$5,078$1,244
30$17,869$14,482$3,387
How the 0.95% is worked out

Full fee 1.13%− waiver 0.18%= you pay 0.95%

The waiver ends Sep 30, 2027. After that the fee is 1.13% unless ProShares renews it. Source: prospectus, Sep 2026.

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