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RAAA vs UYG

Reckoner Yield Enhanced AAA CLO ETF

RAAA—NYSE Arca

ProShares Ultra Financials

UYGANYSE Arca

Overlap

Expense ratio

RAAA −0.63pt a year

RAAA0.30%UYG0.93%

Avg volume · 30D

UYG 2.4×the volume

RAAA7.07KUYG17.3K

RAAA vs UYG Performance

Oct 31, 2025 – Oct 30, 2026

+5.6%RAAA+11.5%UYG

Oct 31, 2025 to Oct 30, 2026. RAAA +5.6%. UYG +11.5%. Use the arrow keys to read each point.−10%0%20%Oct 2025May 2026Oct 2026
Expense ratio
RAAA 0.30%, better
UYG 0.93%
Fund size
RAAA $45M
UYG $777M
1Y total return
RAAA +5.6%
UYG +11.5%, better
Yield (12M)
RAAA 5.46%
UYG 11.13%, better
Holdings
RAAA 47
UYG 83
Avg volume (30D)
RAAA 7.07K sh
UYG 17.3K sh, better
NAV per share
RAAA $25.11
UYG $93.27
52W range

ETF.net Grade

  • —RAAAUnder classification review
UYG: Cost 70, Risk 76, Mission not scored, Tradability 78, Holdings not scored, Durability 80.
Pillar letters and Scores for RAAA, UYG, with each pillar’s weight
PillarRAAAUYG
Cost30% weightNot scoredA70
Mission25% weightNot scoredNot scored
Risk15% weightNot scoredA76
Tradability15% weightNot scoredA78
Holdings10% weightNot scoredNot scored
Durability5% weightNot scoredA80

Rank among Leveraged Long (2x & Other) funds

How we build Categories ›

Leveraged Long (2x & Other)⁠

Category · 95 funds
See all 95 ›

UYG ranks 2nd of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 1AQLDProShares Ultra QQQScore 77
  2. Rank 2AUYGProShares Ultra FinancialsScore 74
  3. Rank 3AROMProShares Ultra TechnologyScore 71
  4. RAAANot yet graded

Our read on each fund

ETF.net Research

RAAA—Reckoner Yield Enhanced AAA CLO ETF

UYGAProShares Ultra Financials

In short

RAAA No data

UYG Listed 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

RAAA No data

UYG 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

RAAA No data

  • UYG One of the originals: on the tape since January 30, 2007, still running the same mandate of 2x the daily performance of the S&P Financial Select Sector Index.proshares.com
  • At 0.93% with no waiver doing the work, it sits near the median fee of its leveraged peer group and level with sibling ROM (0.93%). QLD is 0.89%, but net of a waiver through September 30, 2027.
  • The whole sector in one ticker: banks, insurers and capital-markets firms from the S&P 500, roughly 80 names, geared daily.proshares.com
  • Stands in the top tier of the leveraged bull funds we grade, a group of close to a hundred tickers.

Worth knowing

RAAA No data

  • UYG The 2x target is a one-day target and resets each day. Over longer holds the result comes from compounding daily moves, and in choppy markets that can land well off twice the index's return for the period.proshares.com
  • One sector, doubled. Financials move with rates, credit conditions and deal flow, and UYG amplifies that daily swing in both directions.
  • It changes hands less than the headline leveraged funds, so the spread is worth a look before you place an order.

Full RAAA profile⁠

Full UYG profile⁠

RAAA vs UYG Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

RAAA vs UYG Cost

Overpaying UYG vs RAAA

$11,390

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

  • RAAA 0.30%

    $6,149

  • UYG 0.93%

    $17,539

$10,000
30 years

Cost over time

  • RAAA 0.30%
  • UYG 0.93%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530UYG $17,539RAAA $6,149

Year by year

YearRAAAUYGOverpaying
10$545$1,644$1,099
20$2,113$6,199$4,086
30$6,149$17,539$11,390

Expense ratio

  • 0.30%RAAA, cheaper
  • 0.93%UYG
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

RAAA 2nd cheapest of 95 funds

UYG 29th cheapest of 95 funds

RAAA vs UYG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
RAAA 5.46%
UYG 11.13%, better
Payout (12M)
RAAA $1.37
UYG $10.38
Last payment
RAAA $0.10
UYG $0.09
Ex-dividend
RAAA Oct 1, 2026
UYG Sep 23, 2026
Paid on
RAAA Oct 6, 2026
UYG Sep 29, 2026
Frequency
RAAA Monthly
UYG Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

RAAAMonthly · 16 paymentsAll RAAA payments⁠
One bar per payment. 16 payments from 2023 to 2026 YTD. Aug 1, 2025 $0.07; Sep 2, 2025 $0.11; Oct 1, 2025 $0.14; Nov 3, 2025 $0.12; Dec 1, 2025 $0.10; Dec 23, 2025 $0.13; Feb 2, 2026 $0.11; Mar 2, 2026 $0.10; Apr 1, 2026 $0.10; May 1, 2026 $0.11; Jun 1, 2026 $0.10; Jul 1, 2026 $0.11; Aug 3, 2026 $0.11; Aug 31, 2026 $0.06; Sep 1, 2026 $0.11; Oct 1, 2026 $0.10. Use the arrow keys to read each point.$0$1020232026YTD
UYGQuarterly · 15 paymentsAll UYG payments⁠
One bar per payment. 15 payments from 2023 to 2026 YTD. Mar 22, 2023 $0.09; Jun 21, 2023 $0.11; Sep 20, 2023 $0.09; Dec 20, 2023 $0.15; Mar 20, 2024 $0.04; Jun 26, 2024 $0.11; Sep 25, 2024 $0.09; Dec 23, 2024 $0.20; Mar 26, 2025 $0.27; Jun 25, 2025 $0.13; Sep 24, 2025 $0.38; Dec 24, 2025 $9.97; Mar 25, 2026 $0.20; Jun 24, 2026 $0.11; Sep 23, 2026 $0.09. Use the arrow keys to read each point.$0$1020232026YTD

RAAA vs UYG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
RAAA 0.8%since Aug 2025UYG 30.5%
Return per unit of riskSharpe ratio, 3 years
RAAA 1.94since Aug 2025UYG 1.04
Worst fallMax drawdown, 5 years
RAAA −0.7%since Jul 2025UYG −47.8%
Market sensitivityBeta, 5 years
RAAA 0.06UYG 1.58

RAAA and UYG in the news

All news⁠

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