UPRO Performance — ProShares UltraPro S&P500
Data updated: 2026-08-14
UPRO returned +29.10% year to date and +88.11% over one year to May 2026. Annualised returns are +56.73% over 3 years and +23.81% over 5 years. The fund beat its Trading - Leveraged category average: $100 invested three years ago grew to $385, against $173 for the category, and to $188 over one year, against $137. Volatility over the past three years was 41.43% a year. In the 12 months to May 2026 the fund lost a net $1.2B, and assets reached $5.55B.
UPRO Growth of $100
What $100 invested in ProShares UltraPro S&P500 grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Trading - Leveraged category average over the same months.
| Period | UPRO | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $188 | $137 |
| 3 years (Jun 2023 – May 2026) | $385 | $173 |
| 5 years (Jun 2021 – May 2026) | $291 | $155 |
| Since data start (Sep 2019 – May 2026) | $590 | $181 |
UPRO Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +29.10% |
| 1 year | +88.11% |
| 3 years (annualised) | +56.73% |
| 5 years (annualised) | +23.81% |
UPRO Annual Returns
Calendar-year total returns of ProShares UltraPro S&P500, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +29.10% |
| 2025 | +32.04% |
| 2024 | +63.49% |
| 2023 | +68.43% |
| 2022 | −56.80% |
| 2021 | +97.96% |
| 2020 | +10.21% |
| 2019 (Sep–Dec) | +33.40% |
UPRO Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +3.2% | −3.4% | −15.7% | +33.2% | +15.3% | — | — | — | — | — | — | — |
| 2025 | +7.0% | −5.1% | −17.6% | −8.2% | +18.1% | +14.7% | +5.8% | +4.8% | +10.2% | +5.6% | −0.6% | −0.9% |
| 2024 | +3.7% | +15.1% | +8.6% | −13.1% | +14.0% | +9.9% | +2.0% | +5.2% | +5.0% | −4.0% | +17.1% | −8.4% |
| 2023 | +18.1% | −8.5% | +9.3% | +3.5% | −0.2% | +19.4% | +8.7% | −6.3% | −14.8% | −7.7% | +28.0% | +12.8% |
| 2022 | −15.6% | −9.9% | +9.7% | −25.3% | −2.2% | −24.9% | +28.5% | −13.2% | −26.9% | +22.9% | +14.6% | −17.8% |
| 2021 | −3.8% | +7.8% | +12.7% | +16.3% | +1.5% | +6.8% | +6.8% | +9.0% | −13.9% | +21.9% | −2.6% | +13.0% |
| 2020 | −0.9% | −24.2% | −47.3% | +37.4% | +13.3% | +3.4% | +17.2% | +22.7% | −12.4% | −8.9% | +35.3% | +11.5% |
| 2019 | — | — | — | — | — | — | — | — | +5.0% | +5.6% | +10.7% | +8.7% |
UPRO Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 41.43%
- 3-year Sharpe ratio: 1.26 (vs 4.5% risk-free rate)
- Best month: +33.19% (Apr 2026)
- Worst month: −17.65% (Mar 2025)
UPRO Fund Flows
Monthly money in and out of ProShares UltraPro S&P500, from SEC Form N-PORT.
- 12-month net flow: −$1.2B
- 12-month gross sales (incl. reinvestments): $5.4B
- Sales ÷ redemptions: 0.82×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $722.6M | $619.3M | $103.4M |
| Apr 2026 | $272.7M | $795.9M | −$523.2M |
| Mar 2026 | $594.7M | $366.7M | $228.0M |
| Feb 2026 | $337.1M | $481.9M | −$144.8M |
| Jan 2026 | $143.0M | $245.2M | −$102.2M |
| Dec 2025 | $439.4M | $783.7M | −$344.3M |
| Nov 2025 | $1.2B | $1.1B | $52.9M |
| Oct 2025 | $588.9M | $585.1M | $3.8M |
| Sep 2025 | $308.2M | $400.8M | −$92.6M |
| Aug 2025 | $145.6M | $554.9M | −$409.3M |
| Jul 2025 | $283.8M | $393.4M | −$109.6M |
| Jun 2025 | $377.8M | $258.1M | $119.7M |
UPRO Assets Under Management
Net assets of ProShares UltraPro S&P500 by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $5.55B |
| 2026-02-28 | $4.45B |
| 2025-11-30 | $5.10B |
| 2025-08-31 | $4.45B |
| 2025-05-31 | $3.85B |
| 2025-02-28 | $3.98B |
| 2024-11-30 | $4.51B |
| 2024-08-31 | $3.82B |
| 2024-05-31 | $3.26B |
| 2024-02-29 | $2.95B |
| 2023-11-30 | $2.70B |
| 2023-08-31 | $2.75B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.