Frequently Asked Questions About URSP

What does URSP invest in?

The ProShares Ultra S&P 500 Equal Weight fund strives to provide daily financial outcomes that are double the percentage change of the S&P 500 Equal Weight Index, before any management fees or operating expenses are subtracted.

What is the expense ratio of URSP?

ProShares - Ultra S&P 500 Equal Weight (URSP) charges an expense ratio of 1.34%. This is the annual fee deducted from fund assets to cover management and operations.

Is URSP a good long-term hold?

URSP is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple, typically with negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does URSP's daily reset work?

URSP rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level, so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is URSP?

ProShares - Ultra S&P 500 Equal Weight (URSP) manages $43.9M 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 URSP actively managed or an index fund?

URSP's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

URSP

ProShares - Ultra S&P 500 Equal Weight

AMEX·Asset Management, Leveraged · Financial Services

$50.73$0.76+1.52%

After hours·$50.59−0.28%

Market closed·Oct 22 4:00 PM EDT

Price Chart

$50.73+$0.76 (+1.52%)today

+25.60%CAGR +21.81%

Select date range

FromTo

Aug 27, 2025Aug 27, 2025 → Oct 23, 2026· 1.2 yrsOct 23, 2026

Key Metrics

DistributionDividend Tab

Annual Distribution (FWD)$0.76

Distribution Yield (FWD)1.50%

Annual Distribution (TTM)$0.62

Distribution Yield (TTM)1.23%

Distribution Growth (5Y)—

FrequencyQuarterly

Most Recent$0.19

Ex-Dividend DateSep 23

Payment DateSep 29

DiversificationDiversification Tab

Holdings503

Top 10 Weight1.4%

Top 25 Weight3.3%

Effective Holdings496

Sectors—

Largest HoldingMRNA · 0.2%

Largest Sector—

Asset ClassEquity

StrategyLeveraged

Cost & RiskExpenses Tab

Expense Ratio1.34%

Cost per 10k Invested$134

AUM$43.94M

Avg Daily Volume52.11K

Price$50.73

NAV$49.94

Premium / Discount+1.58%

52-Week Range$36.90 – $53.57

Beta1.19

Fund Overview

Cost Verdict

Is URSP's expense ratio expensive, average, or a steal for its category?

Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

Issuer: ProShares
Asset Class: Equity
Strategy: Leveraged
Inception: August 25, 2025
Fund Type: ETF
Domicile: US
Currency: USD
ISIN: US74349Y4492
CUSIP: 74349Y449
Website: www.proshares.com/our-etfs/leveraged-and-inverse/ursp

Peers

Peers Tab

BIB

ProShares Ultra Nasdaq Biotechnology

Regents Park Hedged Market Strategy ETF

Cap

$46.3M

Latest News

News Tab

No recent news available.

Frequently Asked Questions About URSP

What does URSP invest in?: The ProShares Ultra S&P 500 Equal Weight fund strives to provide daily financial outcomes that are double the percentage change of the S&P 500 Equal Weight Index, before any management fees or operating expenses are subtracted.
What is the expense ratio of URSP?: ProShares - Ultra S&P 500 Equal Weight (URSP) charges an expense ratio of 1.34%. This is the annual fee deducted from fund assets to cover management and operations.
Is URSP a good long-term hold?: URSP is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple, typically with negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.
How does URSP's daily reset work?: URSP rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level, so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.
How big is URSP?: ProShares - Ultra S&P 500 Equal Weight (URSP) manages $43.9M 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 URSP actively managed or an index fund?: URSP's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.