UPW Performance — ProShares Ultra Utilities
Data updated: 2026-08-14
UPW returned +6.09% year to date and +14.72% over one year to May 2026. Annualised returns are +19.06% over 3 years and +10.47% over 5 years. The fund trailed its Trading - Leveraged category average: $100 invested three years ago grew to $169, against $173 for the category, and to $115 over one year, against $137. Volatility over the past three years was 30.31% a year. In the 12 months to May 2026 the fund took in a net $1.4M, and assets reached $19.27M.
UPW Growth of $100
What $100 invested in ProShares Ultra Utilities grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Trading - Leveraged category average over the same months.
| Period | UPW | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $115 | $137 |
| 3 years (Jun 2023 – May 2026) | $169 | $173 |
| 5 years (Jun 2021 – May 2026) | $165 | $155 |
| Since data start (Sep 2019 – May 2026) | $157 | $181 |
UPW Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +6.09% |
| 1 year | +14.72% |
| 3 years (annualised) | +19.06% |
| 5 years (annualised) | +10.47% |
UPW Annual Returns
Calendar-year total returns of ProShares Ultra Utilities, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +6.09% |
| 2025 | +23.11% |
| 2024 | +37.96% |
| 2023 | −22.33% |
| 2022 | −4.56% |
| 2021 | +32.64% |
| 2020 | −17.36% |
| 2019 (Sep–Dec) | +7.44% |
UPW 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 | +2.1% | +20.9% | −7.0% | +3.5% | −10.6% | — | — | — | — | — | — | — |
| 2025 | +5.0% | +2.8% | −0.2% | −1.1% | +7.0% | 0.0% | +9.4% | −3.8% | +7.8% | +3.5% | +3.0% | −10.6% |
| 2024 | −6.8% | +1.2% | +12.8% | +2.5% | +17.7% | −11.3% | +13.1% | +9.0% | +12.8% | −2.8% | +6.7% | −15.9% |
| 2023 | −4.3% | −11.8% | +8.4% | +3.0% | −12.1% | +2.5% | +4.1% | −12.8% | −11.8% | +1.3% | +9.5% | +2.9% |
| 2022 | −6.4% | −4.2% | +20.3% | −8.4% | +8.6% | −10.9% | +10.9% | +0.1% | −22.0% | +3.8% | +13.4% | −2.1% |
| 2021 | −2.6% | −11.2% | +21.6% | +7.8% | −5.0% | −4.2% | +7.6% | +7.3% | −12.1% | +9.9% | −3.6% | +19.6% |
| 2020 | +12.3% | −19.9% | −26.4% | +3.7% | +7.6% | −9.9% | +14.6% | −5.4% | +0.6% | +9.3% | +2.9% | +1.3% |
| 2019 | — | — | — | — | — | — | — | — | +7.9% | −2.1% | −4.3% | +6.3% |
UPW Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 30.31%
- 3-year Sharpe ratio: 0.48 (vs 4.5% risk-free rate)
- Best month: +20.90% (Feb 2026)
- Worst month: −15.87% (Dec 2024)
UPW Fund Flows
Monthly money in and out of ProShares Ultra Utilities, from SEC Form N-PORT.
- 12-month net flow: $1.4M
- 12-month gross sales (incl. reinvestments): $14.6M
- Sales ÷ redemptions: 1.11×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $0 | $3.1M | −$3.1M |
| Apr 2026 | $4.0M | $253K | $3.8M |
| Mar 2026 | $5.0M | $0 | $5.0M |
| Feb 2026 | $0 | $0 | $0 |
| Jan 2026 | $0 | $2.1M | −$2.1M |
| Dec 2025 | $221K | $437K | −$217K |
| Nov 2025 | $2.8M | $0 | $2.8M |
| Oct 2025 | $0 | $2.8M | −$2.8M |
| Sep 2025 | $2.5M | $0 | $2.5M |
| Aug 2025 | $0 | $3.6M | −$3.6M |
| Jul 2025 | $0 | $842K | −$842K |
| Jun 2025 | $0 | $0 | $0 |
UPW Assets Under Management
Net assets of ProShares Ultra Utilities by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $19.27M |
| 2026-02-28 | $16.86M |
| 2025-11-30 | $18.01M |
| 2025-08-31 | $13.18M |
| 2025-05-31 | $16.66M |
| 2025-02-28 | $15.87M |
| 2024-11-30 | $23.61M |
| 2024-08-31 | $14.36M |
| 2024-05-31 | $15.91M |
| 2024-02-29 | $10.26M |
| 2023-11-30 | $12.19M |
| 2023-08-31 | $8.25M |
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.