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Launched · SEC filings

ProShares Ultra Semiconductors

USDNYSE 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.

$66.02−3.85 (−5.51%)

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

B68/ 100

Rank 5 of 99 in Leveraged Long (2x & Other)

B68/100Rank 5 of 99inLeveraged Long (2x & Other)
Intraday session: down, 79 prints from 69.87 to 66.02. Range 65.67 to 72.06. Use the arrow keys to read each point.67.0068.0069.0071.0072.0010 AM12 PM2 PM4 PM
Expense ratio
0.94%
Fund size
$2.19B
1Y total return
+16.2%
Yield · Last 12 months
0.59%
Holdings
43
Avg volume · 30D
677K sh
52W range
low $42.56high $116.50
Launched
Filings
SEC EDGAR

The ETF.net USD Grade

Based on 5 of 6 pillars

B

Score 68 out of 100

Category
Leveraged Long (2x & Other)⁠
Rank
5 of 99
Six-pillar profile for USD. Scores out of 100: Cost 70, Risk 42, Mission not scored, Tradability 88, Holdings 39, Durability 81. Strongest: Tradability (88). Weakest: Holdings (39). Based on 5 of 6 pillars.

Score 68 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.
    A70 out of 100
    Rank 29 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.
    C42 out of 100
    Rank 63 of 98

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A88 out of 100
    Rank 3 of 99

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D39 out of 100
    Rank 19 of 27

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A81 out of 100
    Rank 2 of 99

Our read on USD

ETF.net Research

In short

BThe 2007 original in leveraged chip exposure: 2x the daily move of a Dow Jones U.S. semiconductor index, in a corner of the market where 3x grabs the headlines. Costs a flat 0.94%, no waiver.

Stated mandate

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

  • Listed in 2007, among the first leveraged sector ETFs to come to market, and still a multi-billion-dollar, actively traded fund.proshares.com
  • Two times, not three. Same daily-reset machinery as triple-leveraged chip funds, with a smaller multiplier doing the work.proshares.com
  • 0.94% flat, no temporary waiver holding it down, and a hair above sibling ROM at 0.93%. That lands near the median for leveraged funds.
  • Rules-based chip exposure, not a hand-built AI basket: roughly 40 US semiconductor names from a float-adjusted, cap-weighted S&P Dow Jones index.spglobal.com

Worth knowing

  • The 2x target applies to a single day. Hold longer and compounding takes over, so results over a stretch can differ from 2x the index over that stretch.proshares.com
  • Cap weighting plus a narrow industry means a few giants steer the index, and the fund doubles whatever they do that day, up or down.spglobal.com
  • Exposure comes from swaps and other financial instruments, so financing and counterparty terms sit between the index and what the fund delivers.proshares.com

USD Holdings

Holdings pillarD39 out of 100Rank 19 of 27 in Leveraged Long (2x & Other)
Asset class
Stocks
Holdings
43
Top-10 weight
89%
Largest holding
NVDA23.4%

Sectors

  • Technology75.9%
  • Financials24.1%
  • Energy0.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1NVDANVIDIA Corp23.38%2,505,366$513M848
2No dataNet Other Assets (Liabilities)23.06%505,782,598$506M151
3IQMMProshares Genius Mny Mkt Etf18.72%4,100,000$410M61
4AVGOBroadcom Inc7.32%492,541$161M753
5MUMicron Technology Inc4.72%116,923$103M686
6AMDAdvanced Micro Devices3.89%169,006$85.3M638
7No dataTREASURY BILL, 0%, due 2026-11-172.28%50,000,000$49.9M7
8No dataTREASURY BILL, 0%, due 2026-12-292.27%50,000,000$49.7M19
9INTCIntel Corp1.54%514,422$33.8M514
10AMATApplied Materials Inc1.46%82,197$32.1M557
11LRCXLam Research Corp1.41%129,546$31M603
12No dataTREASURY BILL, 0%, due 2026-12-241.41%31,000,000$30.8M9
13TXNTexas Instruments Inc1.30%94,546$28.4M516
14No dataTREASURY BILL, 0%, due 2026-11-031.14%25,000,000$25M11
15KLACKla Corp0.97%135,264$21.4M514

Showing 1–15 of 43 holdings

USD Performance

Launched Jan 30, 2007

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

USD$11,622
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. USD $11,622. SPY $11,199. Use the arrow keys to read each point.$10,000$15,000Oct 2025May 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 USD. Periods over one year show the average yearly return.
PeriodUSD
Year to date+33.6%
1 month−27.4%
3 months−11.1%
1 year+16.2%
3 yearsper year+102.7%
5 yearsper year+47.2%
10 yearsper year+49.9%

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 USD
YearReturn barUSD
2026 YTD+33.6%

USD in the news

USD 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.
0.59%Last 12 months
Payout per share
$0.41Last 12 months
Last payment
$0.13 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. 6 payments from 2025 to 2026 YTD. Jun 25, 2025 $0.08; Sep 24, 2025 $0.02; Dec 24, 2025 $0.08; Mar 25, 2026 $0.06; Jun 24, 2026 $0.14; Sep 23, 2026 $0.13. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 23, 2026Sep 29, 2026$0.13
Jun 24, 2026Jun 30, 2026$0.14
Mar 25, 2026Mar 31, 2026$0.06
Dec 24, 2025Dec 31, 2025$0.08
Sep 24, 2025Sep 30, 2025$0.02
Jun 25, 2025Jul 1, 2025$0.08
Mar 26, 2025Apr 1, 2025No data
Dec 23, 2024Dec 31, 2024No data
Dec 20, 2023Dec 28, 2023No data
Dec 22, 2022Dec 30, 2022No data
Dec 23, 2020Dec 31, 2020No data
Sep 23, 2020Sep 30, 2020No data

See all 57 payments⁠

$10,000 in USD 10 years ago paid $4,444 in dividends.⁠

USD Risk

Risk pillarC42 out of 100Rank 63 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.
70.9%
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.
1.28
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.
−77.8%
Trough Oct 2022
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.
4.34
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.

USD Cost

Compare USD and WX

Overpaying vs WX, cheapest in Leveraged Long (2x & Other)

$13,549

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

  • USD 0.94%

    $17,704

  • WX 0.20% Cheapest

    $4,155

$10,000
30 years

Cost over time

  • USD 0.94%
  • 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$20K051015202530USD $17,704WX $4,155

Year by year

YearUSDWXOverpaying
10$1,661$365$1,296
20$6,260$1,421$4,839
30$17,704$4,155$13,549

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