URSP vs UYG: Grades, Fees and Holdings Compared

ProShares Ultra S&P 500 Equal Weight

URSPBNYSE Arca

ProShares Ultra Financials

UYGANYSE Arca

Overlap

36.8%by weight

Expense ratio

UYG −0.02pt a year

URSP0.95%UYG0.93%

Avg volume · 30D

URSP 3.2×the volume

URSP55KUYG17.3K

URSP vs UYG Performance

Oct 31, 2025 – Oct 30, 2026

+29.3%URSP+11.5%UYG

Expense ratio: URSP 0.95%; UYG 0.93%, better
Fund size: URSP $41M; UYG $777M
1Y total return: URSP +29.3%, better; UYG +11.5%
Yield (12M): URSP 1.23%; UYG 11.13%, better
Holdings: URSP 503; UYG 83
Avg volume (30D): URSP 55K sh, better; UYG 17.3K sh
NAV per share: URSP $50.63; UYG $93.27
52W range

ETF.net Grade

Pillar letters and Scores for URSP, UYG, with each pillar’s weight
Pillar	URSP	UYG
Cost30% weight	C51	A70Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	A90Higher	A76
Tradability15% weight	A83Higher	A78
Holdings10% weight	Not scored	Not scored
Durability5% weight	B62	A80Higher

Rank among Leveraged Long (2x & Other) funds

How we build Categories ›

Same Category. URSP 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 URSP 6th of 95 funds in the Leveraged Long (2x & Other) Category.

Rank 1AQLDProShares Ultra QQQScore 77
Rank 2AUYGProShares Ultra FinancialsScore 74
Rank 3AROMProShares Ultra TechnologyScore 71
Rank 5BUSDProShares Ultra SemiconductorsScore 68
Rank 6BURSPProShares Ultra S&P 500 Equal WeightScore 67
Rank 7BUJBProShares Ultra High YieldScore 65

Our read on each fund

ETF.net Research

URSPBProShares Ultra S&P 500 Equal Weight

UYGAProShares Ultra Financials

In short

URSP Leverage without the mega-cap pileup. Launched in 2025, URSP aims for 2x the daily move of the S&P 500 Equal Weight Index, where every member gets the same slot. Fee: 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

URSP URSP seeks daily investment results, before fees and expenses, corresponding to two times the daily performance of the S&P 500 Equal Weight Index.

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

URSP The only ETF built to target 2x the daily move of the equal-weight S&P 500, so the amplified bet rides 500 roughly equal slices instead of a few giants.proshares.com yahoo.com
Equal weight hands every company a uniform 0.2% at each quarterly rebalance, so the leveraged exposure keeps resetting away from whatever got crowded.yahoo.com
At 0.95% net of a waiver through September 30, 2027, it sits near the leveraged-bull median and matches DDM, while QLD runs 0.89% net of a waiver to the same date.
One of the stronger implementations in a crowded leveraged-bull field, with competitive cost, a contained risk profile and smooth day-to-day trading.

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

URSP Daily reset: the 2x target applies to one day only. Over longer holds, compounding can land results above or below 2x the index move, especially in choppy markets.proshares.com
That 0.95% rests on a waiver through September 30, 2027; the gross fee is 1.34%.
It launched in 2025, so the live track record is short and the asset base is still modest.

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 URSP profile⁠

Full UYG profile⁠

URSP vs UYG Holdings

How URSP and UYG differ

Overlap by weight

36.8%

Shared holdings make up 88.6% of UYG and 51.5% of URSP.

Level by level

Holdings76 in both36.8%
Countryby domicile98.5%
Asset classEquity100%

Sector

No Sector split for URSP.

Country, concentration and asset class

Country by domicile

Country weights in URSP and UYG, widest gap first
Country	More in URSPMore in UYG	URSP	UYG
Switzerland	UYG +1.5 points	0.1%	1.6%
United States	URSP +1.4 points	99.8%	98.4%
Other countries (4)	URSP +0.1 points	0.1%	0.0%

Concentration

Weight in the 10 largest Holdings

URSP44.5%
UYG66.9%

Securities held

URSP502
UYG82

Asset class

URSP: Equity
UYG: Equity

Holdings

Only in URSP426
In both76
Only in UYG6

Only in URSP

426 securities, 48.5% of URSP by weight

Kimberly-Clark Corp0.22%
Moderna Inc0.18%
Ptc Inc0.17%
Accenture Plc-Cl A0.16%
Mettler-Toledo International0.16%
Eli Lilly & Co0.15%
Gartner Inc0.15%
Hasbro Inc0.15%
Everpure Inc-A0.15%
Charles River Laboratories0.14%
Carnival Corp Ltd0.14%
Revvity Inc0.14%
Godaddy Inc - Class A0.14%
Intuitive Surgical Inc0.14%
West Pharmaceutical Services0.14%
Allegion PLC0.14%
Marriott International -Cl A0.14%
United Rentals Inc0.14%
Autodesk Inc0.14%
Agilent Technologies Inc0.14%
Crowdstrike Holdings Inc - A0.14%
Biogen Inc0.14%
Roper Technologies Inc0.14%
Amgen Inc0.14%
Lockheed Martin Corp0.14%
Synopsys Inc0.13%
Veeva Systems Inc-Class A0.13%
Ralph Lauren Corp0.13%
Crown Castle Inc0.13%
Gilead Sciences Inc0.13%
Norwegian Cruise Line Holdin0.13%
Ge Healthcare Technology0.13%
Kroger Co0.13%
Veralto Corp0.13%
Dow Inc0.13%
Royal Caribbean Cruises Ltd0.13%
Apa Corp0.13%
AbbVie Inc0.13%
Ulta Beauty Inc0.13%
Ebay Inc0.13%
Tyler Technologies Inc0.13%
Fortive Corp0.13%
Nxp Semiconductors NV0.13%
Analog Devices Inc0.13%
Masco Corp0.13%
Illumina Inc0.13%
Walmart Inc0.13%
Pentair PLC0.13%
Altria Group Inc0.13%
Viatris Inc0.13%

Only in UYG

6 securities, 11.4% of UYG by weight

Proshares Genius Mny Mkt Etf5.17%
TREASURY BILL, 0%, due 2026-12-103.21%
TREASURY BILL, 0%, due 2026-12-031.29%
TREASURY BILL, 0%, due 2026-11-030.97%
TREASURY BILL, 0%, due 2026-11-100.64%
TREASURY BILL, 0%, due 2026-12-080.13%

Weight gaps

All 76 Holdings in both funds, largest gap first.

Holding weights in URSP and UYG, widest gap first
Holding	More in URSPMore in UYG	URSP	UYG
Berkshire Hathaway Inc-Cl BBRK.B	UYG +7.51 points	0.12%	7.63%
JPMorgan Chase & CoJPM	UYG +6.66 points	0.11%	6.77%
Visa Inc-Class A SharesV	UYG +5.20 points	0.13%	5.33%
Mastercard Inc - AMA	UYG +3.78 points	0.12%	3.90%
Bank of America CorpBAC	UYG +2.37 points	0.09%	2.46%
Goldman Sachs Group IncGS	UYG +1.87 points	0.10%	1.97%
Wells Fargo & CoWFC	UYG +1.81 points	0.10%	1.91%
Morgan StanleyMS	UYG +1.56 points	0.10%	1.66%
Citigroup IncC	UYG +1.45 points	0.10%	1.55%
American Express CoAXP	UYG +1.16 points	0.11%	1.27%
BlackRock IncBLK	UYG +1.12 points	0.13%	1.25%
Schwab (Charles) CorpSCHW	UYG +0.99 points	0.09%	1.08%
S&P Global IncSPGI	UYG +0.94 points	0.12%	1.06%
Progressive CorpPGR	UYG +0.90 points	0.12%	1.02%
Chubb LtdCB	UYG +0.85 points	0.12%	0.97%
Capital One Financial CorpCOF	UYG +0.84 points	0.11%	0.95%
Cme Group IncCME	UYG +0.70 points	0.12%	0.82%
Bank of New York Mellon CorpBNY	UYG +0.65 points	0.10%	0.75%
Marsh & Mclennan CosMRSH	UYG +0.59 points	0.13%	0.72%
Us BancorpUSB	UYG +0.59 points	0.11%	0.70%
Intercontinental Exchange InICE	UYG +0.59 points	0.13%	0.72%
Pnc Financial Services GroupPNC	UYG +0.58 points	0.11%	0.69%
Blackstone IncBX	UYG +0.57 points	0.10%	0.67%
Travelers Cos Inc/TheTRV	UYG +0.50 points	0.12%	0.62%
Moody's CorpMCO	UYG +0.44 points	0.12%	0.56%
Robinhood Markets Inc - AHOOD	UYG +0.43 points	0.08%	0.51%
Arthur J Gallagher & CoAJG	UYG +0.40 points	0.13%	0.53%
Aon Plc-Class AAON	UYG +0.39 points	0.12%	0.51%
Kkr & Co IncKKR	UYG +0.39 points	0.10%	0.49%
Allstate CorpALL	UYG +0.39 points	0.11%	0.50%
Truist Financial CorpTFC	UYG +0.34 points	0.11%	0.45%
Apollo Global Management IncAPO	UYG +0.31 points	0.10%	0.41%
Aflac IncAFL	UYG +0.30 points	0.12%	0.42%
Metlife IncMET	UYG +0.28 points	0.12%	0.40%
Fifth Third BancorpFITB	UYG +0.26 points	0.11%	0.37%
State Street CorpSTT	UYG +0.25 points	0.10%	0.35%
PayPal Holdings IncPYPL	UYG +0.25 points	0.12%	0.37%
Ameriprise Financial IncAMP	UYG +0.23 points	0.10%	0.33%
Nasdaq IncNDAQ	UYG +0.22 points	0.13%	0.35%
Msci IncMSCI	UYG +0.22 points	0.12%	0.34%
Block IncXYZ	UYG +0.20 points	0.11%	0.31%
American International GroupAIG	UYG +0.20 points	0.12%	0.32%
Prudential Financial IncPRU	UYG +0.19 points	0.11%	0.30%
Interactive Brokers Gro-Cl AIBKR	UYG +0.16 points	0.10%	0.26%
Hartford Insurance Group IncHIG	UYG +0.16 points	0.11%	0.27%
Coinbase Global Inc -Class ACOIN	UYG +0.15 points	0.09%	0.24%
Arch Capital Group LtdACGL	UYG +0.15 points	0.12%	0.27%
Cboe Global Markets IncCBOE	UYG +0.13 points	0.13%	0.26%
M & T Bank CorpMTB	UYG +0.14 points	0.10%	0.24%
Huntington Bancshares IncHBAN	UYG +0.13 points	0.11%	0.24%
Northern Trust CorpNTRS	UYG +0.13 points	0.10%	0.23%
Willis Towers Watson PLCWTW	UYG +0.12 points	0.11%	0.23%
Ares Management Corp - AARES	UYG +0.11 points	0.11%	0.22%
Raymond James Financial IncRJF	UYG +0.11 points	0.10%	0.21%
Citizens Financial GroupCFG	UYG +0.10 points	0.10%	0.20%
Cincinnati Financial CorpCINF	UYG +0.09 points	0.12%	0.21%
Corpay IncCPAY	UYG +0.09 points	0.11%	0.20%
Fiserv IncFISV	UYG +0.08 points	0.12%	0.20%
Regions Financial CorpRF	UYG +0.07 points	0.11%	0.18%
Synchrony FinancialSYF	UYG +0.08 points	0.11%	0.19%
Erie Indemnity Company-Cl AERIE	URSP +0.07 points	0.12%	0.05%
T Rowe Price Group IncTROW	UYG +0.06 points	0.11%	0.17%
Principal Financial GroupPFG	UYG +0.05 points	0.11%	0.16%
Factset Research Systems IncFDS	URSP +0.04 points	0.13%	0.09%
Global Payments IncGPN	UYG +0.04 points	0.12%	0.16%
Fidelity National Info ServFIS	UYG +0.04 points	0.11%	0.15%
KeycorpKEY	UYG +0.03 points	0.11%	0.14%
Brown & Brown IncBRO	UYG +0.03 points	0.12%	0.15%
Franklin Templeton IncBEN	URSP +0.03 points	0.10%	0.07%
Jack Henry & Associates IncJKHY	URSP +0.02 points	0.11%	0.09%
Loews CorpL	UYG +0.02 points	0.12%	0.14%
Everest Group LtdEG	URSP +0.02 points	0.13%	0.11%
Globe Life IncGL	URSP +0.01 points	0.10%	0.09%
Wr Berkley CorpWRB	UYG +0.01 points	0.12%	0.13%
Assurant IncAIZ	URSP +0.01 points	0.12%	0.11%
Invesco LtdIVZ	URSP +0.01 points	0.10%	0.09%

All URSP 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.

URSP vs UYG Cost

Overpaying URSP vs UYG

$330

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

URSP 0.95%
$17,869
UYG 0.93%
$17,539

Amount$10,000

Years30 years

Cost over time

URSP 0.95%
UYG 0.93%
Overpaying

Year by year

Year	URSP	UYG	Overpaying
10	$1,678	$1,644	$34
20	$6,322	$6,199	$123
30	$17,869	$17,539	$330

Expense ratio

0.95%URSP
0.93%UYG, cheaper

UYG0.93%URSP0.95%

0.20%2.19%

Middle half of Leveraged Long (2x & Other) funds
Median 0.95%

UYG 29th cheapest of 95 funds

URSP 32nd cheapest of 95 funds

URSP vs UYG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): URSP 1.23%; UYG 11.13%, better
Payout (12M): URSP $0.62; UYG $10.38
Last payment: URSP $0.19; UYG $0.09
Ex-dividend: URSP Sep 23, 2026; UYG Sep 23, 2026
Paid on: URSP Sep 29, 2026; UYG Sep 29, 2026
Frequency: URSP Quarterly; UYG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

URSPQuarterly · 5 paymentsAll URSP payments⁠

UYGQuarterly · 39 paymentsAll UYG payments⁠

URSP vs UYG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: URSP 21.7%since Sep 2025UYG 30.5%
Return per unit of riskSharpe ratio, 3 years: URSP 0.91since Sep 2025UYG 1.04
Worst fallMax drawdown, 5 years: URSP −15.7%since Aug 2025UYG −47.8%
Market sensitivityBeta, 5 years: URSP 1.08UYG 1.58; Market = 1

Popular comparisons

URSPBvsQLDA
ProShares Ultra S&P 500 Equal Weight · ProShares Ultra QQQ
Expense ratio
0.95% · 0.89%
Category
UYGAvsQLDA
ProShares Ultra Financials · ProShares Ultra QQQ
Expense ratio
0.93% · 0.89%
Category
URSPBvsROMA
ProShares Ultra S&P 500 Equal Weight · ProShares Ultra Technology
Expense ratio
0.95% · 0.93%
Category
UYGAvsROMA
ProShares Ultra Financials · ProShares Ultra Technology
Expense ratio
0.93% · 0.93%
Category
URSPBvsDDMB
ProShares Ultra S&P 500 Equal Weight · ProShares Ultra Dow30
Expense ratio
0.95% · 0.95%
Category
UYGAvsDDMB
ProShares Ultra Financials · ProShares Ultra Dow30
Expense ratio
0.93% · 0.95%
Category