# RXL (ProShares Ultra Health Care)

ProShares · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: RXL returned +14.3% where its own daily promise gave +15.5%, 1.3 points short.

## Key facts

- RXL, what XLV did: +8.0%, as of Sep 11, 2026.
- RXL, what +2 times a day gives: +15.5%, as of Sep 11, 2026.
- RXL, what the fund returned: +14.3%, as of Sep 11, 2026.
- RXL, the fund itself cost: −1.3 pts, as of Sep 11, 2026.
- RXL, net assets: $94m (issuer page, as of Sep 11, 2026).
- RXL, expense ratio: 0.95% (485BPOS XBRL, Sep 23, 2025).

## RXL over each window to Sep 11, 2026

| Window | Fund | XLV | +2x the move | Difference | XLV moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −4.3% | −1.8% | −3.7% | −0.6 pts | 20% |
| 3 months | +14.3% | +8.0% | +16.0% | −1.7 pts | 19% |
| 6 months | +18.8% | +11.3% | +22.7% | −3.9 pts | 18% |
| 1 year | +33.6% | +20.4% | +40.8% | −7.2 pts | 16% |
| 3 years | +33.7% | +30.9% | +61.8% | −28.1 pts | 15% |
| Since launch | +1823.7% | +592.6% | not meaningful over this window | not meaningful over this window | 16% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of XLV, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.79 times, against +2 stated | ETFIQ |
| Underlying | XLV | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Net assets | $94m | issuer page, as of Sep 11, 2026 |
| Expense ratio | 0.95% | 485BPOS XBRL, Sep 23, 2025 |
| Launched | Jan 4, 2010 | ETFIQ |
| Underlying volatility over the window | 19% annualized | ETFIQ |

## Questions

### Did RXL return +2 times XLV?

Over the window to Sep 11, 2026, XLV moved +8.0% and RXL returned +14.3%. 2 times that move is +16.0%, so the fund came out 1.7 points short of it.

### Why does RXL not return +2 times over a year?

Because it resets daily. RXL aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.

### Which +2x XLV ETF tracked its stated multiple most closely?

2 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic.


## Cite this page

ETFIQ, RXL, data as of Sep 11, 2026. https://etfiq.com/funds/RXL
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/RXL  ·  JSON: https://etfiq.com/funds/RXL.json