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SKYU vs UYG

ProShares Ultra Nasdaq Cloud Computing

SKYUCNasdaq

ProShares Ultra Financials

UYGANYSE Arca

Overlap

28.5%by weight

Expense ratio

UYG −0.02pt a year

SKYU0.95%UYG0.93%

Avg volume · 30D

UYG 3.1×the volume

SKYU5.57KUYG17.3K

5Y return · a year

UYG +10.6pt

SKYU−1.2%UYG+9.4%

SKYU vs UYG Performance

Oct 29, 2021 – Oct 30, 2026

−5.6%SKYU+56.5%UYG

Oct 29, 2021 to Oct 30, 2026. SKYU −5.6%. UYG +56.5%. Use the arrow keys to read each point.−75%−50%−25%25%75%Oct 2021Apr 2024Oct 2026
Expense ratio
SKYU 0.95%
UYG 0.93%, better
Fund size
SKYU $4M
UYG $777M
1Y total return
SKYU +9.0%
UYG +11.5%, better
Yield (12M)
SKYU 0.47%
UYG 11.13%, better
Holdings
SKYU 66
UYG 83
Avg volume (30D)
SKYU 5.57K sh
UYG 17.3K sh, better
NAV per share
SKYU $48.63
UYG $93.27
52W range

ETF.net Grade

SKYU: Cost 51, Risk 44, Mission not scored, Tradability 64, Holdings 73, Durability 54. UYG: Cost 70, Risk 76, Mission not scored, Tradability 78, Holdings not scored, Durability 80.
Pillar letters and Scores for SKYU, UYG, with each pillar’s weight
PillarSKYUUYG
Cost30% weightC51A70Higher
Mission25% weightNot scoredNot scored
Risk15% weightC44A76Higher
Tradability15% weightB64A78Higher
Holdings10% weightA73Not scored
Durability5% weightC54A80Higher

Rank among Leveraged Long (2x & Other) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. SKYU and UYG are both graded against the same 95 Leveraged Long (2x & Other) funds, so their Grades compare head to head.

Leveraged Long (2x & Other)⁠

Category · 95 funds
See all 95 ›

UYG ranks 2nd and SKYU 37th 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. Rank 37CMEGXCorgi U.S. Mega-Cap Growth 2x Daily ETFScore 40
  5. Rank 37CSKYUProShares Ultra Nasdaq Cloud ComputingScore 40
  6. Rank 37CTSXUDirexion Daily Semiconductors Top 5 Bull 2X ETFScore 40

Our read on each fund

ETF.net Research

SKYUCProShares Ultra Nasdaq Cloud Computing

UYGAProShares Ultra Financials

In short

SKYU A 2x daily play on the cloud stack. The index scores companies by how many layers they run (infrastructure, platform, software) and weights them by that score, and SKYU aims to double its daily move. A one-day-at-a-time tool.

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

SKYU The fund seeks daily returns equal to twice the daily performance of the ISE CTA Cloud Computing Index, before fees and expenses.

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

  • SKYU Weight is earned by role, not size: 3 points for infrastructure, 2 for platform, 1 for software, modified equal weight, with constituents capped at 4.5% at each rebalance.nasdaq.comnasdaqomx.comnasdaqomx.com 2
  • The fee is 0.95% net of a waiver through September 30, 2027 (5.86% gross), near the category median and level with ProShares stablemates like DDM at 0.95%.
  • Not a two-stock theme sleeve: roughly 70 cloud names, from infrastructure giants down to subscription software, inside one leveraged wrapper.
  • The underlying ISE CTA Cloud Computing Index launched back in 2007, well before cloud became a marketing word, and SKYU has tracked its 2x mandate since 2021.nasdaqomx.com
  • 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

  • SKYU The 2x target applies to a single day. Hold longer and compounding takes over, so results can drift well away from twice the index move, especially in choppy markets.proshares.com
  • A small fund that trades thinly, so bid-ask spreads can run wide and larger orders can push the price around.
  • Cloud is one slice of tech and the fund is non-diversified, so a bad stretch for software multiples lands at double speed.proshares.com
  • 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 SKYU profile⁠

Full UYG profile⁠

SKYU vs UYG Holdings

How SKYU and UYG differ

Overlap by weight

28.5%

Shared holdings make up 48.9% of SKYU and 28.5% of UYG.

Level by level

  • Sector6 Sectors1.6%
  • Holdings0 in both28.5%
  • Countryby domicile96.3%
  • Asset classEquity100%

Sector

Sector weights in SKYU and UYG, widest gap first
SectorMore in SKYUMore in UYG
FinancialsUYG +98.2 points
TechnologySKYU +86.2 points
CommunicationSKYU +8.3 points
Consumer DiscretionarySKYU +3.3 points
Health CareSKYU +0.6 points
IndustrialsUYG +0.2 points

Country, concentration and asset class

Country by domicile

Country weights in SKYU and UYG, widest gap first
CountryMore in SKYUMore in UYG
CanadaSKYU +2.5 points
United StatesUYG +2.1 points
SwitzerlandUYG +1.6 points
GermanySKYU +1.2 points

Concentration

Weight in the 10 largest Holdings

  • SKYU64.9%
  • UYG66.9%

Securities held

  • SKYU65
  • UYG82

Asset class

SKYU
Equity
UYG
Equity

Holdings

  • Only in SKYU65
  • In both0
  • Only in UYG82

Only in SKYU

65 securities, 51.1% of SKYU by weight

  • Everpure Inc-A2.49%
  • Intl Business Machines Corp2.01%
  • Microsoft Corp1.87%

Only in UYG

82 securities, 71.5% of UYG by weight

  • Berkshire Hathaway Inc-Cl B7.63%
  • JPMorgan Chase & Co6.77%
  • Visa Inc-Class A Shares5.33%

Weight gaps

SKYU and UYG share no securities.

All 66 SKYU holdings⁠All 84 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.

SKYU vs UYG Cost

Overpaying SKYU vs UYG

$330

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

  • SKYU 0.95%

    $17,869

  • UYG 0.93%

    $17,539

$10,000
30 years

Cost over time

  • SKYU 0.95%
  • 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$20K051015202530SKYU $17,869UYG $17,539

Year by year

YearSKYUUYGOverpaying
10$1,678$1,644$34
20$6,322$6,199$123
30$17,869$17,539$330

Expense ratio

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

UYG 29th cheapest of 95 funds

SKYU 32nd cheapest of 95 funds

SKYU vs UYG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
SKYU 0.47%
UYG 11.13%, better
Payout (12M)
SKYU $0.23
UYG $10.38
Last payment
SKYU $0.0078
UYG $0.09
Ex-dividend
SKYU Sep 23, 2026
UYG Sep 23, 2026
Paid on
SKYU Sep 29, 2026
UYG Sep 29, 2026
Frequency
SKYU Quarterly
UYG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SKYUQuarterly · 8 paymentsAll SKYU payments⁠
One bar per payment. 8 payments from 2017 to 2026 YTD. Sep 25, 2024 $0.03; Dec 23, 2024 $0.04; Mar 26, 2025 $0.0054; Sep 24, 2025 $0.08; Dec 24, 2025 $0.12; Mar 25, 2026 $0.06; Jun 24, 2026 $0.04; Sep 23, 2026 $0.0078. Use the arrow keys to read each point.$0$102017202020232026YTD
UYGQuarterly · 39 paymentsAll UYG payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.02; Jun 21, 2017 $0.02; Sep 27, 2017 $0.07; Dec 26, 2017 $0.12; Mar 21, 2018 $0.05; Jun 20, 2018 $0.08; Sep 26, 2018 $0.11; Dec 26, 2018 $0.18; Mar 20, 2019 $0.08; Jun 25, 2019 $0.09; Sep 25, 2019 $0.14; Dec 24, 2019 $0.17; Mar 25, 2020 $0.12; Jun 24, 2020 $0.05; Sep 23, 2020 $0.03; Dec 23, 2020 $0.08; Mar 23, 2021 $0.03; Jun 22, 2021 $0.02; Sep 22, 2021 $0.03; Dec 23, 2021 $3.19; Mar 23, 2022 $0.04; Jun 22, 2022 $0.04; Sep 21, 2022 $0.06; Dec 22, 2022 $0.20; 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$102017202020232026YTD

SKYU vs UYG Risk

Fall from peak · 5 years

  • SKYU
  • UYG
Oct 29, 2021 to Oct 30, 2026. Worst fall: SKYU −83.0% · Jan 2023. Use the arrow keys to read each point.−80%−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
SKYU 53.9%UYG 30.5%, better
Return per unit of riskSharpe ratio, 3 years
SKYU 0.90UYG 1.04, better
Worst fallMax drawdown, 5 years
SKYU −83.0%UYG −47.8%, better
Market sensitivityBeta, 5 years
SKYU 2.89UYG 1.58

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