{
 "ticker": "UPLT",
 "name": "ProShares Ultra Platinum K-1 Free ETF",
 "issuer": "ProShares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/uplt",
 "html": "https://etfiq.com/funds/uplt",
 "markdown": "https://etfiq.com/funds/uplt.md",
 "as_of": "2026-10-02",
 "verdict": "Three months to Oct 2, 2026: UPLT returned +1.1% where its own daily promise gave +6.6%, 5.5 points short.",
 "key_facts": [
  {
   "key": "what_pplt_did",
   "label": "What PPLT did",
   "value": "+4.8%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "UPLT, what PPLT did: +4.8%, as of Oct 2, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "+6.6%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "UPLT, what 2 times a day gives: +6.6%, as of Oct 2, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "+1.1%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "UPLT, what the fund returned: +1.1%, as of Oct 2, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22125.5 pts",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "UPLT, the fund itself cost: \u22125.5 pts, as of Oct 2, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$3m",
   "source": "issuer page, as of Oct 2, 2026",
   "as_of": "2026-10-02",
   "sentence": "UPLT, net assets: $3m (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": "UPLT, 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 PPLT, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "PPLT moved +4.8% over this window, too little to read a multiple from",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "PPLT",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "asset class, metal",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$3m",
   "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": "Apr 21, 2026",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "35% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u22129.0%",
   "PPLT": "\u22123.4%",
   "+2x the move": "\u22126.9%",
   "Difference": "\u22122.1 pts",
   "PPLT moved about": "37%"
  },
  {
   "window": "3 months",
   "Fund": "+1.1%",
   "PPLT": "+4.8%",
   "+2x the move": "+9.6%",
   "Difference": "\u22128.6 pts",
   "PPLT moved about": "35%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221242.2%",
   "PPLT": "\u221215.7%",
   "+2x the move": "\u221231.4%",
   "Difference": "\u221210.7 pts",
   "PPLT moved about": "38%"
  }
 ],
 "questions": [
  {
   "q": "Did UPLT return +2 times PPLT?",
   "a": "Over the window to Oct 2, 2026, PPLT moved +4.8% and UPLT returned +1.1%. 2 times that move is +9.6%, so the fund came out 8.6 points short of it."
  },
  {
   "q": "Why does UPLT not return +2 times over a year?",
   "a": "Because it resets daily. UPLT 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)."
}