# USD (ProShares Ultra Semiconductors)

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

USD aims to return +2 times Dow Jones U.S. Semiconductors Index's move each day, then resets. Over one day it does that.

## Key facts

- USD, net assets: $2.7bn (issuer page, as of Sep 11, 2026).
- USD, expense ratio: 0.95% (485BPOS XBRL, Sep 23, 2025).
- USD, underlying: Dow Jones U.S. Semiconductors Index (no investable tracker), as of Sep 11, 2026.
- USD, sets out to return: +2 times the daily move of Dow Jones U.S. Semiconductors Index, reset daily, as of Sep 11, 2026.

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of Dow Jones U.S. Semiconductors Index, reset daily | ETFIQ |
| Underlying | Dow Jones U.S. Semiconductors Index (no investable tracker) | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Net assets | $2.7bn | issuer page, as of Sep 11, 2026 |
| Expense ratio | 0.95% | 485BPOS XBRL, Sep 23, 2025 |
| Launched | Jan 4, 2010 | ETFIQ |

## Questions

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

Because it resets daily. USD 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, USD, data as of Sep 11, 2026. https://etfiq.com/funds/USD
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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