# RXL (ProShares Ultra Health Care)

ProShares · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: RXL returned +10.7% where its own daily promise gave +11.4%, 0.7 points short.

## Key facts

- RXL, what XLV did: +6.0%, as of Sep 30, 2026.
- RXL, what 2 times a day gives: +11.4%, as of Sep 30, 2026.
- RXL, what the fund returned: +10.7%, as of Sep 30, 2026.
- RXL, the fund itself cost: −0.7 pts, as of Sep 30, 2026.
- RXL, net assets: $97m (issuer page, as of Sep 30, 2026).
- RXL, expense ratio: 0.95% (485BPOS XBRL, Sep 25, 2026).

## RXL over each window to Sep 30, 2026

| Window | Fund | XLV | +2x the move | Difference | XLV moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −1.9% | −0.9% | −1.7% | −0.2 pts | 14% |
| 3 months | +10.7% | +6.0% | +11.9% | −1.2 pts | 18% |
| 6 months | +27.1% | +14.9% | +29.9% | −2.7 pts | 17% |
| 1 year | +40.4% | +23.0% | +46.1% | −5.6 pts | 16% |
| 3 years | +48.3% | +37.5% | +75.0% | −26.7 pts | 15% |
| Since launch | +1914.9% | +608.1% | not meaningful over this window | not meaningful over this window | 16% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of XLV, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +1.79 times, against +2 stated | ETFIQ |
| Underlying | XLV | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Net assets | $97m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 0.95% | 485BPOS XBRL, Sep 25, 2026 |
| Launched | Jan 4, 2010 | ETFIQ |
| Underlying volatility over the window | 18% annualized | ETFIQ |

## Questions

### Did RXL return +2 times XLV?

Over the window to Sep 30, 2026, XLV moved +6.0% and RXL returned +10.7%. 2 times that move is +11.9%, so the fund came out 1.2 points short of it.

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

Because it resets daily. RXL 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 XLV 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 figure itself.


## Cite this page

ETFIQ, RXL, data as of Sep 30, 2026. https://etfiq.com/funds/rxl
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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