ProShares - Ultra Materials
CThis 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.
$27.89+0.30 (+1.09%)
- 1.22%
- $35M
- +22.9%
- 1.20%
- 0M sh
- $27.60
- low $21.34high $34.54
The ETF.net UYM Grade
C
Score 44 out of 100
- 33 of 99
Score 44 of 100 falls in the C 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.D29 out of 100Rank 71 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.B57 out of 100Rank 41 of 96Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B57 out of 100Rank 41 of 99Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B63 out of 100Rank 9 of 23Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B69 out of 100Rank 18 of 99
Our read on UYM
CThe lone 2x bet on the materials sector: chemicals, miners and packagers, geared to double the index's daily move. Running since 2007, it is a tactical tool, not a hold-and-forget one.
The fund seeks daily returns, before fees and expenses, equal to two times the daily performance of the S&P Materials Select Sector SM Index.
Why people hold it
- ProShares calls it the only ETF targeting 2x the daily return of the materials sector. Amplified exposure to chemicals, metals and packaging through one ticker, no margin account.proshares.com
- Launched in 2007, so the plumbing has run through the financial crisis, a commodity bust and a pandemic. Longevity is rare among leveraged sector funds.
- The mandate is refreshingly plain: two times the daily move of the S&P Materials Select Sector Index, a concentrated basket of roughly 40 names, reset each day.
Worth knowing
- The fee is 1.22% a year, above the median for leveraged funds. Sibling ProShares products like QLD and UYG charge under 1%.
- Leverage resets daily, so over weeks or months returns can drift well away from 2x the index's move for the period, especially in choppy markets.proshares.com
- It is a small, lightly traded fund, which tends to mean wider spreads. Limit orders matter more here than in the headline leveraged names.
UYM Holdings
- Stocks
- 26
- 67%
- Net Other Assets (Liabilities)
Sectors
- Materials83.2%
- Consumer Discretionary16.8%
Geography
- United States73.40%
- United Kingdom13.06%
- Ireland8.00%
- Switzerland3.09%
- Netherlands2.44%
UYM Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
UYM$12,287
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 | UYM |
|---|---|
| Year to date | +13.3% |
| 1 month | −5.4% |
| 3 months | −6.7% |
| 1 year | +22.9% |
| 3 years | +10.8% |
| 5 years | +5.2% |
| 10 years | +11.2% |
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 | UYM |
|---|---|---|
| 2026 YTD | +13.3% | |
| 2025 | +9.4% | |
| 2024 | −8.0% | |
| 2023 | +17.5% | |
| 2022 | −23.1% | |
| 2021 | +54.6% | |
| 2020 | +16.6% |
UYM in the news
UYM Dividends
- 1.20%
- $0.33
- $0.09 per share
- Quarterly
Distribution history
UYM 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.
- 32.6%
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.
- 0.28
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.
- −48.2%
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.
- 1.36
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
UYM Cost
1.22%
UYM1.22%
- The middle half of Leveraged Long (2x & Other) funds
- Median 1.00%
70 of the 95 Leveraged Long (2x & Other) funds charge less.
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