ProShares - Ultra Materials
$28.88−0.14 (−0.48%)
- Expense ratio
- 1.22%
- Fund size
- $36M
- 1Y return
- +18.4%
- Yield · Last 12 months
- 1.18%
- Holdings
- 35
- Volume · 30D
- 0M sh
- NAV per share
- $28.20
- 52W range
The ETF.net UYM Grade
Score 43 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 29Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 54Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 55Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 69Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 69Category rank
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
- 35
- 65%
- Net Other Assets (Liabilities)
Sectors
- Materials84.5%
- Consumer Discr.15.5%
Geography
- United States74.93%
- United Kingdom12.85%
- Ireland7.21%
- Switzerland2.72%
- Netherlands2.29%
UYM Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | +19.0% |
| 1 month | −10.7% |
| 3 months | −5.3% |
| 1 year | +18.4% |
| 3 years | +12.1% |
| 5 years | +7.2% |
| 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 | +19.0% | |
| 2025 | +9.4% | |
| 2024 | −8.0% | |
| 2023 | +17.5% | |
| 2022 | −23.1% | |
| 2021 | +54.6% | |
| 2020 | +16.6% |
UYM in the news
ETF.net Research hasn’t filed on UYM yet — coverage lands here as it’s written.
UYM Dividends
- 1.18%
- $0.34
- $0.06 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 24, 2026 | Jun 30, 2026 | $0.06 |
| Mar 25, 2026 | Mar 31, 2026 | $0.07 |
| Dec 24, 2025 | Dec 31, 2025 | $0.11 |
| Sep 24, 2025 | Sep 30, 2025 | $0.10 |
| Jun 25, 2025 | Jul 1, 2025 | $0.09 |
| Mar 26, 2025 | Apr 1, 2025 | $0.06 |
| Dec 23, 2024 | Dec 31, 2024 | $0.08 |
| Sep 25, 2024 | Oct 2, 2024 | $0.05 |
| Jun 26, 2024 | Jul 3, 2024 | $0.06 |
| Mar 20, 2024 | Mar 27, 2024 | $0.03 |
| Dec 20, 2023 | Dec 28, 2023 | $0.07 |
| Dec 22, 2022 | Dec 30, 2022 | $0.07 |
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.
- 31.8%
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.
- 0.34
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
- The middle half of Leveraged Long (2x & Other) funds
- Median 0.99%
69 of the 93 Leveraged Long (2x & Other) funds charge less.