For educational purposes only. Nothing on this site constitutes investment advice. Disclaimers
UPRO — ProShares UltraPro S&P500
UPRO targets three times the daily return of the S&P 500, before fees and expenses, using listed derivatives and collateral management.
UPRO price history
Total return (Yahoo adjusted close—dividends and splits per Yahoo), normalized to $10,000 at first available trade date. Educational only.
Strategy
UPRO is a high-octane daily reset vehicle: it seeks ~3x of each day’s S&P 500 move, then rebalances notional for the next session. Over multi-day windows, realized outcomes depend heavily on volatility and sequence of returns.
This structure is generally used for tactical views or explicitly risk-managed overlays. In sustained trends, compounding can amplify returns; in volatile two-way markets, volatility drag can materially erode performance versus simple 3x intuition.
Manager and Issuer Pedigree
ProShares is one of the category-defining sponsors in listed leveraged and inverse ETFs, with a long operating history in daily-reset index exposure and established derivatives execution infrastructure.
Its broader complex sits in the tens of billions of dollars of listed ETF assets in public league tables, which supports primary-market depth and secondary liquidity across both leveraged and strategic sleeves.
Outperformance
Outperforms in persistent broad-equity bull runs where index breadth and earnings momentum keep S&P trend strength intact for extended periods.
Underperforms in repeated sharp reversals and panic deleveraging, where daily-reset convexity works against holders.
Similar ETFs
Official ETF page
Read the official ETF page for current NAV, holdings, and documents: ProShares (UPRO).