UYG vs UYM

UYGAProShares Ultra Financials

UYMBProShares Ultra Materials

In short

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.

UYM The only US ETF built to track 2x the daily move of the S&P materials sector: chemicals, metals, mining, packaging. Running since 2007, it resets daily, so it is a trading tool.

Stated mandate

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.

UYM The fund seeks daily returns, before fees and expenses, equal to two times the daily performance of the S&P Materials Select Sector SM Index.

Why people hold it

• 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.

• UYM Per ProShares, no other ETF targets 2x the daily return of the materials sector. If you want levered chemicals, miners and packaging in one ticker, this is the shelf.proshares.com
• 0.95% net of a waiver through September 30, 2027 (1.18% gross), near the leveraged-bull median: level with DDM, a shade above QLD at 0.89% net of a waiver through the same date.
• Trading since January 2007, through the 2008 crash and several commodity cycles, and it scores in the upper tier of a crowded leveraged-bull field.

Worth knowing

• 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.

• UYM Daily reset: hold longer than a day and compounding takes over, so multi-day returns can trail 2x the index move, especially in choppy markets.proshares.com
• A small fund that trades lightly, so spreads can run wider than the giants of the leveraged shelf.
• Roughly 40 stocks, market-cap weighted, and one sector. Concentration cuts both ways; distributions come quarterly.

Full UYG profile⁠

Full UYM profile⁠