Pro Shares Ultra Russel Stock ETF Evaluation

The Pro Shares Ultra Russell Stock ETF is a popular investment option that allows you to gain exposure to the Russell 2000 Index. It's a 2x leveraged ETF, meaning it aims to return twice the daily performance of the underlying index.

The ETF is designed to track the Russell 2000 Index, which is a small-cap stock index that represents the performance of the smallest publicly traded companies in the US. It's a great way to diversify your portfolio and potentially gain exposure to emerging growth stocks.

The Pro Shares Ultra Russell Stock ETF is an actively managed fund, which means the investment team is constantly monitoring and adjusting the portfolio to ensure it remains aligned with the underlying index. This can be beneficial in times of market volatility.

By investing in this ETF, you can potentially benefit from the growth of small-cap stocks, which have historically outperformed large-cap stocks over the long term.

The performance of ProShares Ultra Russell2000 is quite impressive, with a 7.05% return in the current year. This is a notable achievement, especially when compared to its maximum loss of -16.60% in the same period.

The fund's performance over the long term is also worth noting, with a 175.30% return since inception. This is a significant gain, and one that investors may be eager to capitalize on.

One thing to keep in mind, however, is the fund's high portfolio turnover rate of 40%. This can result in higher expenses and lower after-tax returns for investors.

Here are some key statistics to consider:

The fund's returns have been variable over the years, with a high of 50.77% in the past year and a low of 34.03% in the same period. This volatility may be a concern for some investors.

The fund's tracking error is also worth noting, with a 33.14% tracking error in the past year. This means that the fund's returns have deviated from the benchmark by a significant amount.

Overall, ProShares Ultra Russell2000 is a fund with a strong performance record, but it's also important to consider the potential risks and expenses associated with it.

The grades for the ProShares Ultra Russell 2000 ETF are a reflection of its performance over time. It has received a grade of C for the year to date, which translates to a return of 11.5%, 18.0 percentage points worse than the category.

The fund has consistently received a grade of C for its returns over the past year, three years, five years, and 10 years. This suggests that it has struggled to keep pace with the category average.

Here's a summary of the fund's grades:

The fund's grades are not the only thing that's important, but they do give us an idea of how it's performed relative to the category average.