Filings Digest
Two Research Affiliates ETFs will charge more, and Anthropic funds are effective but not trading
ProShares Ultra Financials
AThis 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.
$97.56−0.13 (−0.13%)
- 0.93%
- $785M
- +14.9%
- 10.63%
- 18K sh
- low $68.44high $104.50
The ETF.net UYG Grade
A
Score 74 out of 100
- 2 of 99
Score 74 of 100 falls in the A 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 100Rank 29 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.A77 out of 100Rank 9 of 98Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A79 out of 100Rank 11 of 99Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A80 out of 100Rank 4 of 99
Our read on UYG
In short
AListed in January 2007, a year before the banking crash, UYG targets 2x the daily move of the financial stocks in the S&P 500. A veteran of the leveraged shelf, priced at 0.93% with no fee waiver propping that number up.
Stated mandate
UYG seeks pre-expense daily results equal to 2x the daily performance of the S&P Financial Select Sector Index. It is designed to provide magnified financials-sector exposure on a daily basis.
Why people hold it
Worth knowing
UYG Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
UYG$11,491
Returns run to the Nov 9, 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 | UYG |
|---|---|
| Year to date | +7.0% |
| 1 month | +11.1% |
| 3 months | −0.1% |
| 1 year | +14.9% |
| 3 years | +35.9% |
| 5 years | +10.4% |
| 10 years | +16.9% |
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 | UYG |
|---|---|---|
| 2026 YTD | +7.0% | |
| 2025 | +19.7% | |
| 2024 | +55.7% | |
| 2023 | +22.2% | |
| 2022 | −32.1% | |
| 2021 | +67.9% | |
| 2020 | −20.3% |
UYG in the news
UYG Dividends
- 10.63%
- $10.38
- $0.09 per share
- Quarterly
UYG 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.
- 30.5%
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.
- 1.04
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.
- −47.8%
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.
- 1.58
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.
UYG Cost
Overpaying vs WX, cheapest in Leveraged Long (2x & Other)
$13,384
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
UYG 0.93%
$17,539
WX 0.20% Cheapest
$4,155
Cost over time
Year by year
| Year | UYG | WX | Overpaying |
|---|---|---|---|
| 10 | $1,644 | $365 | $1,279 |
| 20 | $6,199 | $1,421 | $4,778 |
| 30 | $17,539 | $4,155 | $13,384 |
Other funds in Leveraged Long (2x & Other)
- AQLDProShares Ultra QQQExpense ratio 0.89%1 year return +13.1%
- AROMProShares Ultra TechnologyExpense ratio 0.93%1 year return +23.8%
- BDDMProShares Ultra Dow30Expense ratio 0.95%1 year return +18.7%
- BURSPProShares Ultra S&P 500 Equal WeightExpense ratio 0.95%1 year return +32.7%
- BUSDProShares Ultra SemiconductorsExpense ratio 0.94%1 year return +6.6%
