ETF·NYSE
ProShares UltraPro S&P 500 (UPRO)
- Net assets
- $5.28B
- Expense ratio
- 0.88%
- Yield
- 0.77%
- 52-week range
- $88.15 $158.63
The short version
Where UPRO stands today, in four lines, and what CleaRank Financial AI makes of it.
UPRO at a glance
ProShares UltraPro S&P 500 (UPRO): Hold, 55/100 on CleaRank's AI score.
- Trend Mixed: the price is above its 200-day but below its 50-day moving average ($132.30 and $150.90).
- Fund Expense ratio 0.88%, $5.3B in net assets, +32.7% total return over 1 year.
Figures as of October 16, 2026.
CleaRank Financial AI
ProShares UltraPro S&P 500 (UPRO) is a leveraged ETF designed to deliver three times the daily performance of the S&P 500 Index.
Its strategy involves using financial instruments to amplify exposure to large-cap U.S. equities, making it a tool for short-term tactical position on the broader market. The fund's sector allocation is heavily weighted towards Technology, representing 40.45% of its holdings, followed by Financial Services at 11.21% and Communication Services at 9.95%, indicating significant concentration risk within these areas. Asset allocation shows 68.75% in stocks, 27.77% in cash, and 3.48% in bonds.
Only on CleaRank
Figures we compute ourselves from UPRO's own price history. Tap one to see it in context.
Price and trading
The chart, today's range and how far the price has moved over each period.
Trend checks
3/4Price above its 50-day average ›
The price of $146.42 is 3.0% below the 50-day simple moving average of $150.90.Price above its 200-day average ›
The price is 10.7% above the 200-day simple moving average of $132.30.50-day average above the 200-day ›
The 50-day average ($150.90) is 14.1% above the 200-day average ($132.30), the arrangement of a rising longer-term trend.In the upper half of its 52-week range ›
The price sits at 83% of its 52-week range, between $88.15 and $158.63.
UPRO share price
Pick a period: each tab shows how far UPRO has moved over it, to the last close.
Today's trading
Where UPRO sits inside today's range and its 52-week range.
Fund facts and valuation
What the fund holds, what it costs and how it is valued.
Fund checks
3/5Expense ratio at or below 0.20% ›
The fund charges 0.88% a year, $88.00 on a $10,000 holding.Over $1B in net assets ›
Net assets total $5.3B.No sector above 35% of the fund ›
The largest sector, Technology, makes up 40.5% of the fund.Pays a distribution ›
The distribution yield is 0.77%.Positive return over one year ›
The fund family reports a one-year total return of 32.68%.
UPRO Fund Facts
ProShares UltraPro S&P 500 is a leveraged exchange-traded fund that seeks daily investment results corresponding to three times the daily performance of the S&P 500 Index. It is designed to provide amplified exposure to large-cap U.S. equities through a portfolio that uses financial instruments such as swaps and futures alongside equity holdings. The fund is used by market participants seeking short-term, tactical access to broad U.S. stock market movements.
Sector weights
Trailing total returns
| Period | UPRO |
|---|---|
| YTD | 27.63% |
| 1 month | -2.15% |
| 3 months | 3.39% |
| 1 year | 32.68% |
| 3 years | 54.27% |
| 5 years | 21.86% |
| 10 years | 28.85% |
As of Oct 16, 2026, UPRO has an expense ratio of 0.88%, $5.28B in net assets and a distribution yield of 0.77%.
Fund reference data as of Oct 16, 2026. Expense ratio and net assets are reported by the fund; returns are total returns and can differ from price change.
Key statistics
The headline figures for UPRO.
What the numbers say
CleaRank Financial AI's reading of UPRO's holdings, performance and risks.
As a leveraged ETF tracking the S&P 500, UPRO's fundamental characteristics are tied to the performance of the underlying index constituents.
The fund's expense ratio is 0.88%, costing $88.00 per $10,000 invested annually. With net assets of $5.28 billion, it is a substantial fund within its category of Trading--Leveraged Equity. The sector concentration in Technology (40.45%) means its performance is highly sensitive to the tech sector's movements. The fund's overview highlights its use for short-term, tactical exposure to broad U.S. stock market movements.
AI analysis and technicals
CleaRank's score and reasoning, the indicators behind it, and what the price moves with.
Momentum checks
2/3RSI not overbought or oversold ›
The 14-day RSI is 42.4, in neutral territory.RSI above 50 ›
An RSI of 42.4 is below the 50 midpoint, so sellers have had the upper hand over the last 14 days.MACD line above zero ›
The MACD line is positive, so the 12-day average is above the 26-day average.
CleaRank AI analysis of UPRO
The score, the reasoning behind it, and what could move the price next.
UPRO is currently trading below its 20-day EMA at 151.37% and its 50-day SMA at 150.90%, suggesting short-term downward pressure.
However, the price remains above its 200-day SMA at 132.30%, indicating a longer-term uptrend is still intact. The 14-day RSI is at 42.37%, which is in neutral territory, showing no immediate overbought or oversold conditions. Stochastic levels are low at 12.79%, hinting at potential for a bounce, while the MACD at 0.599 suggests some positive momentum, though it is close to the zero line.
- Monitor the 20-day EMA and 50-day SMA closely for signs of trend changes.
Technical indicators
Momentum and trend for UPRO, from its daily closes.
As of October 16, 2026, with UPRO at $146.42, its 14-day RSI is 42.4 (neutral territory), its 50-day simple moving average is $150.90 and its 200-day is $132.30.
Calculated by CleaRank on daily closes as of October 16, 2026: Wilder's 14-day RSI, 50- and 200-day simple moving averages, MACD line (12, 26).
What UPRO moves with
Correlation of daily returns over one year: +1 moves in step, 0 has no link, -1 moves the opposite way.
As of October 16, 2026, UPRO's 1-year correlation of daily returns is +0.99 with S&P 500 (SPY), +0.95 with Nasdaq 100 (QQQ), +0.47 with Bitcoin (BTC) and +0.17 with gold (XAU).
A trade plan, if you want one
Entry, stop and target levels from the moving averages and recent volatility. Educational, not advice.
UPRO trade plan
Entry, stop and target levels, sized to your account. Change the bias or the risk and every level updates.
Entry Strategies pick an entry style
Risk management
Profit targets (Based on Conservative Entry)
These levels come from UPRO's moving averages and recent volatility, not from a forecast. Educational levels, not financial advice; the full disclaimer is at the foot of the page.
Risk profile
How much UPRO tends to move, against the market and on its own.
The long record
UPRO's worst falls and recoveries, what $10,000 became, and which months have been kind to it.
Track record checks
4/4Average daily move under 2% ›
The price has moved 1.91% on an average day (30-day standard deviation of daily returns).Recovered from its worst fall ›
The worst fall was 70.6%, from February 2020 to March 2020, regained by January 2021.Most 1-year holds ended higher ›
77% of 1-year holding periods in the last 10 years ended with a gain.Beat the S&P 500 since the chart begins ›
$10,000 invested in October 2016 is now worth $137,149, against $42,525 in the S&P 500 (SPY).
UPRO Drawdowns & Recovery
As of October 16, 2026, UPRO's worst peak-to-trough fall over the last 10 years with dividends reinvested was -70.6% (February 2020 to March 2020); it regained that peak by January 2021, 10 months after the low, and 77% of 1-year holding periods ended with a gain.
From weekly closing values with dividends reinvested. A drawdown is the fall from the highest value reached so far to a later low.
Growth of $10,000
What $10,000 put into UPRO in October 2016 is worth now, against the same amount in the S&P 500.
Against the market: UPRO beat the S&P 500 over this period: $137,149 against $42,525.
A $10,000 investment in UPRO in October 2016 would be worth about $137,149 today with dividends reinvested, compared with about $42,525 for the same investment in the S&P 500 benchmark (also with dividends reinvested).
Seasonal patterns
Which calendar months have been kind to UPRO, and which have not.
Strongest month, November: an average of +10.83%, up in 9 of 10 years.
Weakest month, March: an average of -6.56%, up in 4 of 10 years.
This month, October: has averaged +1.42%, up in 6 of 9 years. Past seasonality does not repeat on schedule.
Over the last 10 years, UPRO's strongest calendar month has been November (average +10.83%, up in 9 of 10 years) and its weakest March (average -6.56%, up in 4 of 10 years).
Average return for each calendar month over the last 10 years, from weekly closing prices with dividends included.
Long-term scenarios
Thousands of simulated paths from the price history. A range of outcomes, not a forecast.
Monte Carlo projection
Thousands of simulated paths for $10,000 in UPRO, from its own past volatility. The shaded area holds 80% of them.
CleaRank's 10-year Monte Carlo simulation projects that a $10,000 investment in UPRO today could grow to about $29,114 by 2036 in the base case, with a 90th-percentile outcome near $220,875 and a 10th-percentile outcome around $3,838. The simulation models price only; at today's 0.77% yield, dividends would add to these figures. Projections are statistical simulations, not guarantees.
UPRO 2030 Scenarios (Monte Carlo)
The same simulation in share prices, year by year.
CleaRank's simulation projects a price near $225 for UPRO by 2030 in the base case, from $146 today (1.5x over 4 years). The 10th-percentile path ends near $62.32. These are outcomes of a Monte Carlo simulation run on UPRO's historical return distribution, not price targets, and they assume no dividends are reinvested.
| Year | 10th percentile | Base case | 90th percentile | range base today |
|---|---|---|---|---|
| 2027 | $85.84 | $163 | $309 | |
| 2028 | $73.26 | $181 | $449 | |
| 2029 | $66.50 | $202 | $612 | |
| 2030 | $62.32 | $225 | $809 | |
| 2031 | $59.62 | $250 | $1,047 |
Method: a lognormal simulation of UPRO's own volatility and capped historical trend, re-run daily; base case is the median path, the outer columns the 10th and 90th percentiles. UPRO is highly volatile, so its upside column reaches an extreme multiple; treat it as a statistical tail, not an expectation.
Questions people ask
Answered from the figures on this page, as of October 16, 2026.