UBR vs UYG

UBRCProShares Ultra MSCI Brazil Capped

UYGAProShares Ultra Financials

In short

UBR Two times the daily move of Brazil's large-cap index in one ticker, with index caps that keep Petrobras and Vale from swallowing the basket. Leverage resets every day. 0.95% net of a waiver through September 30, 2027.

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

UBR UBR seeks daily results equal to two times the daily performance of the MSCI Brazil 25/50 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

• UBR Aims for 2x the daily performance of the MSCI Brazil 25/50 Index, before fees, in a brokerage account. No margin account, no swap desk, one ticker.proshares.com
• The 25/50 index rules cap any single issuer at 25% and hold all 5%-plus names to 50% combined, so Brazil's oil and mining giants cannot run away with the weighting.msci.com
• At 0.95% net of a waiver through September 30, 2027, the fee sits near the leveraged-bull median and level with ProShares' 2x Dow fund, DDM, at 0.95%.
• Listed since 2010, so the structure has run through several full Brazilian boom-and-bust cycles.

• 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

• UBR Leverage resets daily. Hold longer than a day and compounding takes over, so results can drift well away from 2x the index's move for the period, especially in choppy markets.proshares.com
• Gross expenses run 3.26%, trimmed to 0.95% by a waiver through September 30, 2027. Worth tracking what the fee looks like after that date.
• A small fund that trades lightly next to the big 2x index products, which can mean wider spreads. Limit orders earn their keep here.

• 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 UBR profile⁠

Full UYG profile⁠