ProShares Ultra Semiconductors
BThis 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.
$91.26+0.24 (+0.26%)
- 0.95%
- $2.8B
- +88.4%
- 0.46%
- 0.8M sh
- $90.93
- low $42.56high $116.50
The ETF.net USD Grade
B
Score 66 out of 100
- 6 of 99
Score 66 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.B65 out of 100Rank 30 of 99Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C45 out of 100Rank 58 of 96Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A87 out of 100Rank 4 of 99Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D31 out of 100Rank 19 of 23Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A81 out of 100Rank 2 of 99
Our read on USD
BA 2x daily bet on US chipmakers that has been running since 2007. USD aims to double the Dow Jones U.S. Semiconductors Index for one day, then resets, which makes it a trading instrument rather than a set-and-forget holding.
The Fund seeks daily results, before fees and expenses, equal to two times the daily performance of the Dow Jones U.S. Semiconductors Index for a single day.
Why people hold it
- 0.95% a year, under the median fee for leveraged bull funds and a hair below ProShares' own Ultra QQQ (QLD, 0.98%).
- A category veteran: trading since 2007, now a multi-billion-dollar fund that changes hands actively, so getting in and out is rarely the hard part.
- Two times daily, not triple. A lower gear of leverage on the same daily-reset chassis, and one of the stronger builds in its leveraged peer group.
- Narrow, legible mandate: roughly 40 US semiconductor names tracked passively through one published index, with no drift into adjacent tech.proshares.com
Worth knowing
- The objective is written for a single day, then resets. Hold longer and the result depends on the index's path, and choppy stretches can grind value away.
- One sector, about 40 stocks, doubled. Nothing inside cushions a semiconductor selloff, and the 2x multiple works just as hard on down days.
- The 0.95% fee is cheap for this corner of the market but still a steady drag on anything held past a short trade.
USD Holdings
- Stocks
- 43
- 90%
- Net Other Assets (Liabilities)
Sectors
- Technology74.6%
- Financials25.4%
- Energy0.0%
Geography
- United States99.48%
- Netherlands0.32%
- Cayman Islands0.21%
USD Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
USD$18,836
Returns run to the Oct 12, 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 | USD |
|---|---|
| Year to date | +74.0% |
| 1 month | +5.9% |
| 3 months | −6.0% |
| 1 year | +88.4% |
| 3 years | +105.0% |
| 5 years | +61.7% |
| 10 years | +54.0% |
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 | USD |
|---|---|---|
| 2026 YTD | +74.0% | |
| 2025 | +61.9% | |
| 2024 | +139.3% | |
| 2023 | +228.7% | |
| 2022 | −68.7% | |
| 2021 | +104.2% | |
| 2020 | +67.6% |
USD in the news
USD Dividends
- 0.46%
- $0.41
- $0.13 per share
- Quarterly
Distribution history
USD 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.
- 68.8%
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.
- 1.39
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.
- −77.8%
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.
- 4.34
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
USD Cost
0.95%
USD0.95%
- The middle half of Leveraged Long (2x & Other) funds
- Median 1.00%
29 of the 95 Leveraged Long (2x & Other) funds charge less.
Other funds in Leveraged Long (2x & Other)
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- BMQQQTradr 2X Long Innovation 100 Monthly ETFExpense ratio 0.95%1 year return +44.2%
- BMVVProShares - Ultra MidCap400Expense ratio 1.01%1 year return +26.9%
- BMAGXRoundhill Daily 2X Long Magnificent Seven ETFExpense ratio 0.96%1 year return +26.9%
- BYCLProShares - Ultra YenExpense ratio 0.95%1 year return −12.6%