{
 "ticker": "SKYU",
 "name": "ProShares Ultra Nasdaq Cloud Computing",
 "issuer": "ProShares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/SKYU",
 "html": "https://etfiq.com/funds/SKYU",
 "markdown": "https://etfiq.com/funds/SKYU.md",
 "as_of": "2026-09-11",
 "verdict": "Three months to Sep 11, 2026: SKYU returned +35.5% where its own daily promise gave +37.0%, 1.6 points short.",
 "key_facts": [
  {
   "key": "what_skyy_did",
   "label": "What SKYY did",
   "value": "+18.2%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "SKYU, what SKYY did: +18.2%, as of Sep 11, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What +2 times a day gives",
   "value": "+37.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "SKYU, what +2 times a day gives: +37.0%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "+35.5%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "SKYU, what the fund returned: +35.5%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22121.6 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "SKYU, the fund itself cost: \u22121.6 pts, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$6m",
   "source": "issuer page, as of Sep 11, 2026",
   "as_of": "2026-09-11",
   "sentence": "SKYU, net assets: $6m (issuer page, as of Sep 11, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.95%",
   "source": "485BPOS XBRL, Sep 23, 2025",
   "as_of": "2026-09-11",
   "sentence": "SKYU, expense ratio: 0.95% (485BPOS XBRL, Sep 23, 2025)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of SKYY, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+1.95 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "SKYY",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "sector or country, sector",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$6m",
   "source": "issuer page, as of Sep 11, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.95%",
   "source": "485BPOS XBRL, Sep 23, 2025"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jan 21, 2021",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "28% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u22125.9%",
   "SKYY": "\u22122.5%",
   "+2x the move": "\u22125.0%",
   "Difference": "\u22120.9 pts",
   "SKYY moved about": "29%"
  },
  {
   "window": "3 months",
   "Fund": "+35.5%",
   "SKYY": "+18.2%",
   "+2x the move": "+36.5%",
   "Difference": "\u22121.0 pts",
   "SKYY moved about": "28%"
  },
  {
   "window": "6 months",
   "Fund": "+86.2%",
   "SKYY": "+41.9%",
   "+2x the move": "+83.9%",
   "Difference": "+2.3 pts",
   "SKYY moved about": "34%"
  },
  {
   "window": "1 year",
   "Fund": "+19.3%",
   "SKYY": "+17.1%",
   "+2x the move": "+34.2%",
   "Difference": "\u221214.9 pts",
   "SKYY moved about": "30%"
  },
  {
   "window": "3 years",
   "Fund": "+165.0%",
   "SKYY": "+98.5%",
   "+2x the move": "+196.9%",
   "Difference": "\u221231.9 pts",
   "SKYY moved about": "28%"
  },
  {
   "window": "Since launch",
   "Fund": "+20.2%",
   "SKYY": "+61.6%",
   "+2x the move": "+123.1%",
   "Difference": "\u2212102.9 pts",
   "SKYY moved about": "30%"
  }
 ],
 "questions": [
  {
   "q": "Did SKYU return +2 times SKYY?",
   "a": "Over the window to Sep 11, 2026, SKYY moved +18.2% and SKYU returned +35.5%. 2 times that move is +36.5%, so the fund came out 1.0 points short of it."
  },
  {
   "q": "Why does SKYU not return +2 times over a year?",
   "a": "Because it resets daily. SKYU 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."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}