{
 "ticker": "SKYU",
 "name": "ProShares Ultra Nasdaq Cloud Computing",
 "issuer": "ProShares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/skyu",
 "html": "https://etfiq.com/funds/skyu",
 "markdown": "https://etfiq.com/funds/skyu.md",
 "as_of": "2026-10-02",
 "verdict": "Three months to Oct 2, 2026: SKYU returned +50.4% where its own daily promise gave +52.4%, 2.0 points short.",
 "key_facts": [
  {
   "key": "what_skyy_did",
   "label": "What SKYY did",
   "value": "+24.7%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "SKYU, what SKYY did: +24.7%, as of Oct 2, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "+52.4%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "SKYU, what 2 times a day gives: +52.4%, as of Oct 2, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "+50.4%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "SKYU, what the fund returned: +50.4%, as of Oct 2, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22122.0 pts",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "SKYU, the fund itself cost: \u22122.0 pts, as of Oct 2, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$6m",
   "source": "issuer page, as of Oct 2, 2026",
   "as_of": "2026-10-02",
   "sentence": "SKYU, net assets: $6m (issuer page, as of Oct 2, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.95%",
   "source": "485BPOS XBRL, Sep 25, 2026",
   "as_of": "2026-10-02",
   "sentence": "SKYU, expense ratio: 0.95% (485BPOS XBRL, Sep 25, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of SKYY, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+2.04 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "SKYY",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "sector or country, sector",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$6m",
   "source": "issuer page, as of Oct 2, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.95%",
   "source": "485BPOS XBRL, Sep 25, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jan 21, 2021",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "28% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "+10.3%",
   "SKYY": "+5.5%",
   "+2x the move": "+11.1%",
   "Difference": "\u22120.8 pts",
   "SKYY moved about": "24%"
  },
  {
   "window": "3 months",
   "Fund": "+50.4%",
   "SKYY": "+24.7%",
   "+2x the move": "+49.4%",
   "Difference": "+1.0 pts",
   "SKYY moved about": "28%"
  },
  {
   "window": "6 months",
   "Fund": "+109.2%",
   "SKYY": "+50.4%",
   "+2x the move": "+100.7%",
   "Difference": "+8.5 pts",
   "SKYY moved about": "33%"
  },
  {
   "window": "1 year",
   "Fund": "+33.5%",
   "SKYY": "+23.8%",
   "+2x the move": "+47.6%",
   "Difference": "\u221214.1 pts",
   "SKYY moved about": "30%"
  },
  {
   "window": "3 years",
   "Fund": "+245.8%",
   "SKYY": "+126.9%",
   "+2x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "SKYY moved about": "28%"
  },
  {
   "window": "Since launch",
   "Fund": "+34.5%",
   "SKYY": "+71.4%",
   "+2x the move": "+142.9%",
   "Difference": "\u2212108.3 pts",
   "SKYY moved about": "30%"
  }
 ],
 "questions": [
  {
   "q": "Did SKYU return +2 times SKYY?",
   "a": "Over the window to Oct 2, 2026, SKYY moved +24.7% and SKYU returned +50.4%. 2 times that move is +49.4%, so the fund came out 1.0 points ahead of it."
  },
  {
   "q": "Why does SKYU not return +2 times over a year?",
   "a": "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."
  }
 ],
 "generated": "2026-10-03",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}