# UYG (ProShares Ultra Financials)

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

Three months to Sep 30, 2026: UYG returned −6.2% where its own daily promise gave −4.7%, 1.5 points short.

## Key facts

- UYG, what XLF did: −2.2%, as of Sep 30, 2026.
- UYG, what 2 times a day gives: −4.7%, as of Sep 30, 2026.
- UYG, what the fund returned: −6.2%, as of Sep 30, 2026.
- UYG, the fund itself cost: −1.5 pts, as of Sep 30, 2026.
- UYG, net assets: $704m (issuer page, as of Sep 30, 2026).
- UYG, expense ratio: 0.94% (485BPOS XBRL, Sep 23, 2025).

## UYG over each window to Sep 30, 2026

| Window | Fund | XLF | +2x the move | Difference | XLF moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −14.3% | −7.1% | −14.3% | 0.0 pts | 13% |
| 3 months | −6.2% | −2.2% | −4.4% | −1.9 pts | 13% |
| 6 months | +14.3% | +8.8% | +17.5% | −3.3 pts | 13% |
| 1 year | −6.4% | +0.7% | +1.4% | −7.7 pts | 15% |
| 3 years | +116.7% | +68.6% | +137.2% | −20.5 pts | 16% |
| Since launch | +1068.3% | +501.9% | 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 | XLF moved −2.2% over this window, too little to read a multiple from | ETFIQ |
| Underlying | XLF | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Net assets | $704m | issuer page, as of Sep 30, 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 30, 2026, XLF moved −2.2% and UYG returned −6.2%. 2 times that move is −4.4%, so the fund came out 1.9 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 figure itself.


## Cite this page

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

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