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UPRO vs USLX

ProShares UltraPro S&P500

UPROCNYSE Arca

Corgi U.S. Large-Cap 2x Daily ETF

USLXCCboe

Overlap

0.0%by weight

Expense ratio

USLX −0.68pt a year

UPRO0.88%USLX0.20%

Avg volume · 30D

UPRO 1086.0×the volume

UPRO1.99MUSLX1.83K

UPRO vs USLX Performance

Jul 31, 2026 – Oct 30, 2026

+0.8%UPRO−0.3%USLX

Jul 31, 2026 to Oct 30, 2026. UPRO +0.8%. USLX −0.3%. Use the arrow keys to read each point.2.5%5%7.5%10%12.5%Jul 2026Sep 2026Oct 2026
Expense ratio
UPRO 0.88%
USLX 0.20%, better
Fund size
UPRO $5.2B
USLX $2M
1Y total return
UPRO +20.8%
USLX No data
Yield (12M)
UPRO 0.80%
USLX No data
Holdings
UPRO 511
USLX 1
Avg volume (30D)
UPRO 1.99M sh, better
USLX 1.83K sh
NAV per share
UPRO $141.16
USLX $23.93
52W range

ETF.net Grade

UPRO: Cost 44, Risk 43, Mission 85, Tradability 84, Holdings 63, Durability 71. USLX: Cost 94, Risk 63, Mission not scored, Tradability 27, Holdings not scored, Durability 21.
Pillar letters and Scores for UPRO, USLX, with each pillar’s weight
PillarUPROUSLX
Cost30% weightC44A94Higher
Mission25% weightA85Not scored
Risk15% weightC43B63Higher
Tradability15% weightA84HigherD27
Holdings10% weightB63Not scored
Durability5% weightA71HigherF21

Rank among 2x/3x Long S&P 500 funds

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

Same Category. UPRO and USLX are both graded against the same 7 2x/3x Long S&P 500 funds, so their Grades compare head to head.

2x/3x Long S&P 500⁠

Category · 7 funds
See all 7 ›

UPRO ranks 3rd and USLX 5th of 7 funds in the 2x/3x Long S&P 500 Category.

  1. Rank 1BSSOProShares Ultra S&P500Score 66
  2. Rank 2BSPUUDirexion Daily S&P 500 Bull 2X ETFScore 63
  3. Rank 3BSPXLDirexion Daily S&P 500 Bull 3X SharesScore 55
  4. Rank 3CUPROProShares UltraPro S&P500Score 55
  5. Rank 5CUSGXCorgi U.S. Growth 2x Daily ETFScore 40
  6. Rank 5CUSLXCorgi U.S. Large-Cap 2x Daily ETFScore 40
  7. Rank 7DMVPLMiller Value Partners Leverage ETFScore 31

Our read on each fund

ETF.net Research

UPROCProShares UltraPro S&P500

USLXCCorgi U.S. Large-Cap 2x Daily ETF

In short

UPRO Triple the S&P 500's daily move in one ticker, reset each night. Trading since 2009 at a flat 0.88% with no waiver due to expire. ProShares frames the goal as a single-day one, not a buy-and-forget.

USLX No data

Stated mandate

UPRO The fund seeks daily investment results, before fees and expenses, designed to deliver three times the daily performance of the S&P 500.

USLX No data

Why people hold it

  • UPRO Mechanically plain: it aims for 3x the S&P 500's daily move, before fees, then rebalances for the next session. No margin account, no borrowing, one ticker.proshares.com
  • The 0.88% fee is the whole story: no waiver to lapse and nothing to reprice, unlike SPXL at 0.84% net of a waiver through September 1, 2027.
  • Listed in 2009 and actively traded ever since, through several volatility shocks. It sits in the upper half of its nine-fund leveraged S&P peer group on our review.
  • It has tracked its daily 3x target closely for a geared fund, which is the job that matters most when the holding period is hours or days.

USLX No data

Worth knowing

  • UPRO Daily reset means compounding: over any period longer than a day, returns can differ from 3x the index, and the prospectus notes losses are possible even if the index rises.sec.govproshares.com
  • Leverage cuts both ways and costs money; a one-day index drop is magnified threefold, and the fund's own documents say obtaining the leverage lowers returns.proshares.com
  • At 0.88% it sits near the category median and above 2x options like SPUU at 0.60% net of a waiver through September 1, 2027.

USLX No data

Full UPRO profile⁠

Full USLX profile⁠

UPRO vs USLX Holdings

How UPRO and USLX differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of UPRO and 0.0% of USLX.

Level by level

  • Holdings0 in both0.0%
  • Asset classEquity100%
  • Countryby domicile99.5%

Sector

No Sector split for USLX.

Country, concentration and asset class

Country by domicile

Country weights in UPRO and USLX, widest gap first
CountryMore in UPROMore in USLX
United StatesUSLX +0.5 points
SwitzerlandUPRO +0.3 points
ChinaUPRO +0.1 points
MexicoUPRO +0.1 points
IrelandSame weight
United KingdomSame weight

Concentration

Weight in the 10 largest Holdings

  • UPRO60.5%
  • USLX198.9%

Securities held

  • UPRO510
  • USLX0

Asset class

UPRO
Equity
USLX
Equity

Holdings

  • Only in UPRO510
  • In both0
  • Only in USLX0

Only in UPRO

510 securities, 80.0% of UPRO by weight

  • Proshares Genius Mny Mkt Etf21.65%
  • Apple Inc3.97%
  • NVIDIA Corp3.90%

Only in USLX

0 securities, 0.0% of USLX by weight

Weight gaps

UPRO and USLX share no securities.

All 522 UPRO holdings⁠All 15 USLX 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.

UPRO vs USLX Cost

Overpaying UPRO vs USLX

$12,550

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

  • UPRO 0.88%

    $16,705

  • USLX 0.20%

    $4,155

$10,000
30 years

Cost over time

  • UPRO 0.88%
  • USLX 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530UPRO $16,705USLX $4,155

Year by year

YearUPROUSLXOverpaying
10$1,559$365$1,194
20$5,891$1,421$4,470
30$16,705$4,155$12,550

Expense ratio

  • 0.88%UPRO
  • 0.20%USLX, cheaper
  • Middle half of 2x/3x Long S&P 500 funds
  • Median 0.84%

USLX cheapest of 7 funds

UPRO 6th cheapest of 7 funds

UPRO vs USLX Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
UPRO 0.80%
USLX No data
Payout (12M)
UPRO $1.13
USLX None
Last payment
UPRO $0.27
USLX No data
Ex-dividend
UPRO Sep 23, 2026
USLX No data
Paid on
UPRO Sep 29, 2026
USLX No data
Frequency
UPRO Quarterly
USLX No data

Distribution history

Per share, 2017 to 2026, same scale for both

UPROQuarterly · 28 paymentsAll UPRO payments⁠
One bar per payment. 28 payments from 2017 to 2026 YTD. Mar 21, 2018 $0.02; Jun 20, 2018 $0.02; Sep 26, 2018 $0.02; Dec 26, 2018 $0.05; Mar 20, 2019 $0.05; Jun 25, 2019 $0.04; Dec 24, 2019 $0.05; Mar 25, 2020 $0.03; Dec 23, 2020 $0.01; Mar 23, 2021 $0.01; Dec 23, 2021 $0.03; Mar 23, 2022 $0.04; Dec 22, 2022 $0.14; Mar 22, 2023 $0.08; Jun 21, 2023 $0.15; Sep 20, 2023 $0.06; Dec 20, 2023 $0.12; Mar 20, 2024 $0.12; Jun 26, 2024 $0.22; Sep 25, 2024 $0.22; Dec 23, 2024 $0.25; Mar 26, 2025 $0.19; Jun 25, 2025 $0.23; Sep 24, 2025 $0.22; Dec 24, 2025 $0.34; Mar 25, 2026 $0.22; Jun 24, 2026 $0.30; Sep 23, 2026 $0.27. Use the arrow keys to read each point.$0$0.252017202020232026YTD
USLXAll USLX payments⁠

No distribution history available.

UPRO vs USLX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
UPRO 38.8%USLX No data
Return per unit of riskSharpe ratio, 3 years
UPRO 1.24USLX No data
Worst fallMax drawdown, 5 years
UPRO −63.9%USLX No data
Market sensitivityBeta, 5 years
UPRO 3.03USLX 1.82

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