ProShares - UltraPro S&P500

Frequently Asked Questions About UPRO

What does UPRO invest in?

Prior to deducting fees and expenses, the ProShares UltraPro S&P500 is designed to deliver daily returns that are three times (3x) the daily performance of the S&P 500 index.

What is the expense ratio of UPRO?

ProShares - UltraPro S&P500 (UPRO) charges an expense ratio of 0.89%. This is the annual fee deducted from fund assets to cover management and operations.

How big is UPRO?

ProShares - UltraPro S&P500 (UPRO) manages $5.46B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is UPRO actively managed or an index fund?

UPRO is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (UPRO's is 0.89%) because there's no security selection cost.

When was UPRO launched?

ProShares - UltraPro S&P500 (UPRO) launched in June 2009 and is managed by ProShares.

How has UPRO performed?

UPRO's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.