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ETFs

ProShares Ultra Financials

UYG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 30, 2007
Expense Ratio
0.95%
Type
US Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$578,737
AUM
$513,625,958
Associated Index
S&P Financial Select Sector Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Net Other Assets (Liabilities)
21.13%
BRK/B
Berkshire Hathaway Inc. - Ordinary Shares - Class B
10.40%
JPM
JPMorgan Chase & Co.
6.71%
V
Visa Inc - Ordinary Shares - Class A
5.98%
MA
Mastercard Incorporated - Ordinary Shares - Class A
5.30%
n/a
TREASURY BILL
4.81%
BAC
Bank Of America Corp.
3.03%
WFC
Wells Fargo & Co.
2.39%
SPGI
S&P Global Inc
1.91%
GS
Goldman Sachs Group, Inc.
1.71%
Invest with UYG

What is UYG?

ProShares Ultra Financials seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P Financial Select Sector Index.

ETFs related toUYG

ETFs correlated to UYG include FAS, XLF, IYF

UYG
ProShares Trust - ProShares Ultra Financials 2x Shares
FAS
Direxion Shares ETF Trust - Direxion Daily Financial Bull 3x Shares
XLF
SSgA Active Trust - Financial Select Sector SPDR
IYF
BlackRock Institutional Trust Company N.A. - iShares U.S. Financials ETF
FNCL
Fidelity Covington Trust - Fidelity MSCI Financials Index ETF
VFH
Vanguard Group, Inc. - Vanguard Financials ETF
IYG
BlackRock Institutional Trust Company N.A. - iShares U.S. Financial Services ETF
IWD
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Value ETF
VONV
Vanguard Group, Inc. - Vanguard Russell 1000 Value Index ETF
FTA
First Trust Exchange-Traded Fund III - First Trust Large Capital Value AlphaDEX Fund
PRF
Invesco Capital Management LLC - Invesco FTSE RAFI US 1000 ETF

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.

Automated Strategies
Related toUYG

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

Create your own algorithmic trading strategy with UYG using Composer

News Related to UYG

9 Million American Children Lost Funding For Their Insurance

Oct 2, 2017 • by Benzinga
Read

FAQ

UYG is a US Equities ETF. ProShares Ultra Financials seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P Financial Select Sector Index.

UYG tracks the S&P Financial Select Sector Index.

No, UYG 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, UYG 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 UYG is -0.0037%. This is the percent change in the value of UYG over the most recent 1-month period. The 3-month return on UYG is 0.0548%. This is the percent change in the value of UYG over the most recent 3-month period.

The standard deviation of UYG for the past year is 0.38%. 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 UYG include SKF, SEF, and SSO.

ETFs correlated to UYG include FAS, XLF, and IYF.

ETFs that are inversely correlated to UYG include FAZ, BNKD, and DOG.

Yes, UYG is a Leveraged (2x) ETF: This means that UYG will try to match the performance of S&P Financial Select Sector Index, but with 2x the returns.

Yes, UYG is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of S&P Financial Select Sector Index, but move 2x in the opposite direction.

Disclaimers

*

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.