# UYG (ProShares Ultra Financials)

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

Three months to Sep 11, 2026: UYG returned +13.8% where its own daily promise gave +15.5%, 1.7 points short.

## Key facts

- UYG, what XLF did: +7.7%, as of Sep 11, 2026.
- UYG, what +2 times a day gives: +15.5%, as of Sep 11, 2026.
- UYG, what the fund returned: +13.8%, as of Sep 11, 2026.
- UYG, the fund itself cost: −1.7 pts, as of Sep 11, 2026.
- UYG, net assets: $808m (issuer page, as of Sep 11, 2026).
- UYG, expense ratio: 0.94% (485BPOS XBRL, Sep 23, 2025).

## UYG over each window to Sep 11, 2026

| Window | Fund | XLF | +2x the move | Difference | XLF moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −3.0% | −1.2% | −2.3% | −0.7 pts | 13% |
| 3 months | +13.8% | +7.7% | +15.4% | −1.6 pts | 13% |
| 6 months | +34.4% | +18.1% | +36.2% | −1.8 pts | 14% |
| 1 year | +6.9% | +7.6% | +15.2% | −8.3 pts | 14% |
| 3 years | +127.5% | +73.0% | +146.0% | −18.5 pts | 16% |
| Since launch | +1237.7% | +543.0% | not meaningful over this window | not meaningful over this window | 22% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of XLF, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.8 times, against +2 stated | ETFIQ |
| Underlying | XLF | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Net assets | $808m | issuer page, as of Sep 11, 2026 |
| Expense ratio | 0.94% | 485BPOS XBRL, Sep 23, 2025 |
| Launched | Jan 4, 2010 | ETFIQ |
| Underlying volatility over the window | 13% annualized | ETFIQ |

## Questions

### Did UYG return +2 times XLF?

Over the window to Sep 11, 2026, XLF moved +7.7% and UYG returned +13.8%. 2 times that move is +15.4%, so the fund came out 1.6 points short of it.

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

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

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