# SKYU (ProShares Ultra Nasdaq Cloud Computing)

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

Three months to Sep 11, 2026: SKYU returned +35.5% where its own daily promise gave +37.0%, 1.6 points short.

## Key facts

- SKYU, what SKYY did: +18.2%, as of Sep 11, 2026.
- SKYU, what +2 times a day gives: +37.0%, as of Sep 11, 2026.
- SKYU, what the fund returned: +35.5%, as of Sep 11, 2026.
- SKYU, the fund itself cost: −1.6 pts, as of Sep 11, 2026.
- SKYU, net assets: $6m (issuer page, as of Sep 11, 2026).
- SKYU, expense ratio: 0.95% (485BPOS XBRL, Sep 23, 2025).

## SKYU over each window to Sep 11, 2026

| Window | Fund | SKYY | +2x the move | Difference | SKYY moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −5.9% | −2.5% | −5.0% | −0.9 pts | 29% |
| 3 months | +35.5% | +18.2% | +36.5% | −1.0 pts | 28% |
| 6 months | +86.2% | +41.9% | +83.9% | +2.3 pts | 34% |
| 1 year | +19.3% | +17.1% | +34.2% | −14.9 pts | 30% |
| 3 years | +165.0% | +98.5% | +196.9% | −31.9 pts | 28% |
| Since launch | +20.2% | +61.6% | +123.1% | −102.9 pts | 30% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of SKYY, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.95 times, against +2 stated | ETFIQ |
| Underlying | SKYY | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Net assets | $6m | issuer page, as of Sep 11, 2026 |
| Expense ratio | 0.95% | 485BPOS XBRL, Sep 23, 2025 |
| Launched | Jan 21, 2021 | ETFIQ |
| Underlying volatility over the window | 28% annualized | ETFIQ |

## Questions

### Did SKYU return +2 times SKYY?

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.

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

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.


## Cite this page

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

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