- What does UYM invest in?
- The ProShares Ultra Materials fund (UYM) endeavors to provide daily returns that are double (2x) the daily performance of the S&P Materials Select SectorSM Index. This objective is pursued before accounting for any associated fees and operating expenses.
- What is the expense ratio of UYM?
- ProShares - Ultra Materials (UYM) charges an expense ratio of 1.22%. This is the annual fee deducted from fund assets to cover management and operations.
- Is UYM a good long-term hold?
- UYM 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 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 UYM's daily reset work?
- UYM 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 UYM?
- ProShares - Ultra Materials (UYM) manages $38.0M 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 UYM actively managed or an index fund?
- UYM's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
