(UPRO) ProShares UltraPro S&P500 - Overview

The ProShares UltraPro S&P500 (UPRO) is a leveraged equity ETF that seeks daily returns three times the performance of the S&P 500 Index by using a combination of futures, swaps, and other derivatives. The fund’s non-diversified structure means at least 80% of its assets are tied to instruments that closely track the index’s components.

As of the latest filing (Feb 2026), UPRO reports an expense ratio of 0.95%, total net assets of roughly $5.1 billion, and a 30-day SEC yield of 0.01%. The ETF’s average daily trading volume exceeds 30 million shares, reflecting strong liquidity for active traders.

Key drivers of UPRO’s performance include the U.S. macro environment-particularly Federal Reserve interest-rate policy and inflation trends-as well as the heavy weighting toward the technology sector (≈60% of exposure) and consumer discretionary (≈20%). These sectors dominate the S&P 500 and amplify the fund’s sensitivity to earnings reports and earnings-growth expectations.

For deeper analysis, you might explore ValueRay.

• S&P 500 daily performance dictates UPRO returns
• Leveraged exposure amplifies market movements
• Interest rate changes impact financing costs
• Regulatory shifts affect derivative market access