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ETFs

ProShares Trust ProShares Ultra Nasdaq Cloud Computing ETF

SKYU
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Jan 19, 2021
Expense Ratio
0.95%
Type
US Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$25,251
AUM
$2,402,215
Associated Index
ISE CTA Cloud Computing Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

—
Net Other Assets (Liabilities)
24.69%
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Pure Storage Inc - Ordinary Shares - Class A
2.83%
AMZN
Amazon.com Inc.
2.8%
ANET
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2.76%
ORCL
Oracle Corp.
2.71%
MDB
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2.19%
Invest with SKYU
Trade SKYU Options

What is SKYU?

ProShares Ultra Nasdaq Cloud Computing seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the ISE CTA Cloud Computing Index. The ISE CTA Cloud Computing IndexTM is designed to track the performance of companies involved in the cloud computing industry. The index provides access to companies classified as cloud computing by the Consumer Technology Association (CTA): firms providing Infrastructure-as-a-Service (servers, storage, and networks), Platform-as-a-Service (systems for the creation of online software) and Software-as-a-Service (software applications delivered over the internet) to their customers and end users.

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www.composer.trade

SKYU
Performance Measures**

for the time period Jan 21, 2021 to Dec 4, 2025

Returns

1M Trailing Return: -10.4%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 2.8%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -83.0%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 60.5%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.28

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: -0.02

The annualized return divided by the max drawdown for the selected time period.

ETFs related toSKYU

ETFs correlated to SKYU include SKYY, CLOU, WCLD

SKYU
ProShares Trust - ProShares Ultra Nasdaq Cloud Computing ETF 2x Shares
SKYY
First Trust Exchange-Traded Fund III - First Trust Cloud Computing ETF
CLOU
Global X Funds - Global X Cloud Computing ETF
WCLD
WisdomTree Trust - WisdomTree Cloud Computing Fund
THNQ
Exchange Traded Concepts Trust - ROBO Global Artificial Intelligence ETF
FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund
IGV
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech-Software Sector ETF
WEBL
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bull 3X Shares
XSW
SPDR Series Trust - SPDR S&P Software & Services ETF
QTEC
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Technology Sector Index Fund
FXL
First Trust Exchange-Traded Fund III - First Trust Technology AlphaDEX Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

SKYU is a US Equities ETF. ProShares Ultra Nasdaq Cloud Computing seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the ISE CTA Cloud Computing Index. The ISE CTA Cloud Computing IndexTM is designed to track the performance of companies involved in the cloud computing industry. The index provides access to companies classified as cloud computing by the Consumer Technology Association (CTA): firms providing Infrastructure-as-a-Service (servers, storage, and networks), Platform-as-a-Service (systems for the creation of online software) and Software-as-a-Service (software applications delivered over the internet) to their customers and end users.

SKYU tracks the ISE CTA Cloud Computing Index.

No, SKYU is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SKYU is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SKYU is -0.0241%. This is the percent change in the value of SKYU over the most recent 1-month period. The 3-month return on SKYU is 0.0386%. This is the percent change in the value of SKYU over the most recent 3-month period.

The standard deviation of SKYU for the past year is 0.6371%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SKYU include SSO, SPXL, and SDS.

ETFs correlated to SKYU include SKYY, CLOU, and WCLD.

ETFs that are inversely correlated to SKYU include WEBS, SQQQ, and QID.

Yes, SKYU is a Leveraged (2x) ETF: This means that SKYU will try to match the performance of ISE CTA Cloud Computing Index, but with 2x the returns.

No, SKYU is not an inverse ETF.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.