{
 "ticker": "UGE",
 "name": "ProShares Ultra Consumer Staples",
 "issuer": "ProShares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/UGE",
 "html": "https://etfiq.com/funds/UGE",
 "markdown": "https://etfiq.com/funds/UGE.md",
 "as_of": "2026-09-11",
 "verdict": "Three months to Sep 11, 2026: UGE returned \u22126.4% where its own daily promise gave \u22124.9%, 1.5 points short.",
 "key_facts": [
  {
   "key": "what_xlp_did",
   "label": "What XLP did",
   "value": "\u22122.2%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "UGE, what XLP did: \u22122.2%, as of Sep 11, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What +2 times a day gives",
   "value": "\u22124.9%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "UGE, what +2 times a day gives: \u22124.9%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u22126.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "UGE, what the fund returned: \u22126.4%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22121.5 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "UGE, the fund itself cost: \u22121.5 pts, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$10m",
   "source": "issuer page, as of Sep 11, 2026",
   "as_of": "2026-09-11",
   "sentence": "UGE, net assets: $10m (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": "UGE, 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 XLP, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "XLP moved \u22122.2% over this window, too little to read a multiple from",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "XLP",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "sector or country, sector",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$10m",
   "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 4, 2010",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "17% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u22124.7%",
   "XLP": "\u22122.0%",
   "+2x the move": "\u22124.0%",
   "Difference": "\u22120.7 pts",
   "XLP moved about": "15%"
  },
  {
   "window": "3 months",
   "Fund": "\u22126.4%",
   "XLP": "\u22122.2%",
   "+2x the move": "\u22124.3%",
   "Difference": "\u22122.1 pts",
   "XLP moved about": "17%"
  },
  {
   "window": "6 months",
   "Fund": "\u22125.1%",
   "XLP": "\u22120.4%",
   "+2x the move": "\u22120.7%",
   "Difference": "\u22124.3 pts",
   "XLP moved about": "16%"
  },
  {
   "window": "1 year",
   "Fund": "+4.1%",
   "XLP": "+6.3%",
   "+2x the move": "+12.7%",
   "Difference": "\u22128.6 pts",
   "XLP moved about": "14%"
  },
  {
   "window": "3 years",
   "Fund": "+23.3%",
   "XLP": "+26.1%",
   "+2x the move": "+52.3%",
   "Difference": "\u221229.0 pts",
   "XLP moved about": "13%"
  },
  {
   "window": "Since launch",
   "Fund": "+885.2%",
   "XLP": "+386.6%",
   "+2x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "XLP moved about": "14%"
  }
 ],
 "questions": [
  {
   "q": "Did UGE return +2 times XLP?",
   "a": "Over the window to Sep 11, 2026, XLP moved \u22122.2% and UGE returned \u22126.4%. 2 times that move is \u22124.3%, so the fund came out 2.1 points short of it."
  },
  {
   "q": "Why does UGE not return +2 times over a year?",
   "a": "Because it resets daily. UGE 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."
  },
  {
   "q": "Which +2x XLP ETF tracked its stated multiple most closely?",
   "a": "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."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}