# SKYU (ProShares Ultra Nasdaq Cloud Computing)

ProShares · Leveraged ETFs · data as of Oct 2, 2026

Three months to Oct 2, 2026: SKYU returned +50.4% where its own daily promise gave +52.4%, 2.0 points short.

## Key facts

- SKYU, what SKYY did: +24.7%, as of Oct 2, 2026.
- SKYU, what 2 times a day gives: +52.4%, as of Oct 2, 2026.
- SKYU, what the fund returned: +50.4%, as of Oct 2, 2026.
- SKYU, the fund itself cost: −2.0 pts, as of Oct 2, 2026.
- SKYU, net assets: $6m (issuer page, as of Oct 2, 2026).
- SKYU, expense ratio: 0.95% (485BPOS XBRL, Sep 25, 2026).

## SKYU over each window to Oct 2, 2026

| Window | Fund | SKYY | +2x the move | Difference | SKYY moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +10.3% | +5.5% | +11.1% | −0.8 pts | 24% |
| 3 months | +50.4% | +24.7% | +49.4% | +1.0 pts | 28% |
| 6 months | +109.2% | +50.4% | +100.7% | +8.5 pts | 33% |
| 1 year | +33.5% | +23.8% | +47.6% | −14.1 pts | 30% |
| 3 years | +245.8% | +126.9% | not meaningful over this window | not meaningful over this window | 28% |
| Since launch | +34.5% | +71.4% | +142.9% | −108.3 pts | 30% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of SKYY, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.04 times, against +2 stated | ETFIQ |
| Underlying | SKYY | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Net assets | $6m | issuer page, as of Oct 2, 2026 |
| Expense ratio | 0.95% | 485BPOS XBRL, Sep 25, 2026 |
| Launched | Jan 21, 2021 | ETFIQ |
| Underlying volatility over the window | 28% annualized | ETFIQ |

## Questions

### Did SKYU return +2 times SKYY?

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.

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

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.


## Cite this page

ETFIQ, SKYU, data as of Oct 2, 2026. https://etfiq.com/funds/skyu
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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