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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)
$1,622,454
AUM
$493,432,966
Associated Index
Dow Jones U.S. Financials Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Net Other Assets (Liabilities)
32.00%
BRK/B
Berkshire Hathaway Inc. - Ordinary Shares - Class B
6.35%
JPM
JPMorgan Chase & Co.
4.47%
V
Visa Inc - Ordinary Shares - Class A
4.15%
MA
Mastercard Incorporated - Ordinary Shares - Class A
3.45%
BAC
Bank Of America Corp.
2.36%
WFC
Wells Fargo & Co.
1.75%
MS
Morgan Stanley
1.34%
SPGI
S&P Global Inc
1.32%
PLD
Prologis Inc
1.29%
Invest with UYG

What is UYG?

ProShares Ultra Financials seeks daily investment results before fees and expenses that correspond to twice (200%) the daily performance of the Dow Jones U.S. Financials Index.

ETFs related toUYG

ETFs correlated to UYG include IYF, VFH, FNCL

UYG
ProShares Trust - ProShares Ultra Financials 2x Shares
IYF
BlackRock Institutional Trust Company N.A. - iShares U.S. Financials ETF
VFH
Vanguard Group, Inc. - Vanguard Financials ETF
FNCL
Fidelity Covington Trust - Fidelity MSCI Financials Index ETF
IYG
BlackRock Institutional Trust Company N.A. - iShares U.S. Financial Services ETF
FAS
Direxion Shares ETF Trust - Direxion Daily Financial Bull 3x Shares
XLF
SSgA Active Trust - Financial Select Sector SPDR
RYF
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Financials ETF
IWD
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Value ETF
VOE
Vanguard Group, Inc. - Vanguard Mid-Cap Value ETF
IWS
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Value 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

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

Create your own algorithmic trading strategy with UYG using Composer

FAQ

UYG is a US Equities ETF. ProShares Ultra Financials seeks daily investment results before fees and expenses that correspond to twice (200%) the daily performance of the Dow Jones U.S. Financials Index.

UYG tracks the Dow Jones U.S. Financials 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 -0.2667%. This is the percent change in the value of UYG over the most recent 1-month period. The 3-month return on UYG is -0.1774%. 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 0.4642%. 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 PSQ, QID, and SSO.

ETFs correlated to UYG include IYF, VFH, and FNCL.

ETFs that are inversely correlated to UYG include SKF, SEF, and FAZ.

Yes, UYG is a Leveraged (2x) ETF: This means that UYG will try to match the performance of Dow Jones U.S. Financials 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 Dow Jones U.S. Financials Index, but move 2x in the opposite direction.

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.