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The ProShares Ultra Silver ETF is a popular choice for investors looking to hedge against inflation and track economic trends. It uses leverage to amplify the price movements of silver, making it a powerful tool for those seeking to capitalize on market fluctuations.
One key advantage of this ETF is its ability to provide a high degree of liquidity, allowing investors to quickly buy and sell shares as needed. This can be particularly useful in times of market volatility.
The ProShares Ultra Silver ETF is designed to track the price of silver, which is often seen as a safe-haven asset during times of economic uncertainty. By investing in this ETF, investors can potentially benefit from the price movements of silver without having to physically hold the metal.
Performance
The Performance of ProShares Ultra Silver is a crucial aspect to consider. The fund's Performance Current Year stands at 7.29%, which is a significant improvement over the previous year.
The fund's Performance since Inception, however, is a different story, with a loss of -27.98%. This indicates that the fund has not been performing well over the long term.
The fund's High 1 Year is 50.05%, which is a remarkable gain, but it's essential to note that this is not a consistent performance. The Maximum Loss 1 Year is -23.27%, which is a significant loss.
Here's a summary of the fund's performance metrics:
It's worth noting that the fund's performance can be volatile, with significant gains and losses over the years.
Charts and Visualizations
The chart for ProShares Ultra Silver shows the growth of an initial investment of $10,000, comparing it to the S&P 500 index.
All prices have been adjusted for splits and dividends. This means the chart takes into account any changes in the investment's value due to corporate actions like stock splits and dividend payments.
The chart uses the ^GSPC symbol to represent the benchmark, which is the S&P 500 index.
Share Price Chart
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A share price chart is a graphical representation of a company's stock price over time, typically displayed on a vertical axis. This chart helps investors visualize the fluctuations in the stock's value.
To understand the chart, you need to know that the x-axis represents time, usually in days or months, and the y-axis represents the stock price. The chart can show the stock's performance over a specific period.
A common type of share price chart is the line chart, which connects the closing prices of the stock with a line. This type of chart helps identify trends and patterns in the stock's price movement.
For example, if a stock's price is rising, the line chart will show an upward trend. Conversely, if the stock's price is falling, the line chart will show a downward trend.
The share price chart can also be used to identify support and resistance levels, which are areas where the stock's price tends to bounce back or get stuck.
Performance Chart
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Performance Chart is a valuable tool for investors, providing a visual representation of an investment's growth over time. It allows you to compare the performance of an investment, such as ProShares Ultra Silver, to a benchmark, like the S&P 500 index (^GSPC).
The chart shows that an initial investment of $10,000 in ProShares Ultra Silver has grown significantly over time. In fact, the chart is adjusted for splits and dividends, ensuring that the performance is accurate.
One of the key takeaways from the chart is the growth of the investment over the past year. The current year's performance is 7.29%, which is a notable increase.
Here's a breakdown of the key performance metrics:
These metrics provide a comprehensive view of the investment's performance, allowing you to make informed decisions about your portfolio.
Fees and Expenses
The fees associated with ProShares Ultra Silver are relatively low, with an expense ratio of 0.95%. This means you'll pay 0.95% of your investment as a fee to the fund.
You can expect to pay a management fee of $2.50 per 100 shares held, which is a relatively low fee compared to other silver ETFs.
The expense ratio includes the management fee, as well as other costs such as administrative and marketing expenses.
These fees are deducted from the fund's assets on a daily basis, which can impact the overall performance of your investment.
The low fees make ProShares Ultra Silver an attractive option for investors looking to gain exposure to silver without breaking the bank.
Keep in mind that while the fees are low, they can still add up over time, especially if you're investing a large amount of money.
Risk and Volatility
The ProShares Ultra Silver fund comes with some level of risk, as indicated by its current volatility of 12.48%. This represents the average percentage change in the investment's value over the past month.
This volatility is reflected in the rolling one-month volatility chart, which shows the fund's value fluctuating over time.
Investors should be aware that this level of volatility may result in significant losses if the fund's value drops.
Volatility Chart
The ProShares Ultra Silver has a current volatility of 12.48%, indicating the average percentage change in its value over the past month.
This volatility can be seen in the chart below, which shows the rolling one-month volatility of the investment.
Looking at the chart, it's clear that the value of ProShares Ultra Silver can fluctuate significantly over a short period of time.
The chart displays the average percentage change in the investment's value, either up or down, over the past month, giving investors a sense of the potential risks involved.
Worst Drawdowns
Risk and Volatility is a delicate dance, where even the most seasoned investors can get caught off guard. The ProShares Ultra Silver fund has experienced some of the most significant drawdowns in its history.
The largest drawdown of 98.16% occurred on March 18, 2020, and the portfolio has yet to recover. This is a stark reminder of the importance of risk management.
The current drawdown of 94.04% is a significant concern, highlighting the fund's ongoing struggles. It's essential to monitor these metrics closely to make informed investment decisions.
Here are the worst drawdowns of the ProShares Ultra Silver fund, showcasing the severity of its past declines:
Turbocharging Exposure
Silver prices have been rising, reaching multi-year highs before correcting below $30 per ounce.
The case for silver remains strong due to rising industrial demand and potential investment demand.
The ProShares Ultra Silver ETF takes leveraged (2×) positions in silver futures contracts, which can lead to outperformance of the S&P 500 in the medium term.
Silver prices can be volatile, but the ProShares Ultra Silver ETF has the potential to shine during periods of low volatility.
Investors looking to turbocharge their exposure to silver may want to consider the ProShares Ultra Silver ETF, which can amplify returns with its 2× leverage.
ETF Information
ProShares Ultra Silver is a leveraged ETF that has a management team with an average tenure of 16.09 years.
Its primary benchmark is the Bloomberg Sub Silver PR USD index, which has a weighting of 200%.
The ETF has 12 securities in its portfolio, but the top 10 holdings constitute 184.1% of the ETF’s assets, which doesn't quite add up, but that's a concern for another time.
ProShares Ultra Silver meets the SEC requirement of being classified as a diversified fund, which is good news.
The ETF is part of the Miscellaneous global asset class and is within the Miscellaneous ETF group, which might not be the most specific category, but it's something to consider.
The ETF has 0.0% of its portfolio invested in foreign issues, which is a relatively low percentage.
ProShares Ultra Silver has 60.6% of the portfolio in cash, which is a relatively high percentage compared to other investments.
The ETF has a portfolio turnover rate of 0%, which means it holds its assets for a long time.
In December 2024, ProShares Ultra Silver returned -12.0%, which earned it a grade of F in its category.
Inflation and Economic Trends
Inflation decreases purchasing power. It's like when you get paid a certain amount of money, but the things you want to buy cost more, so you have less to spend.
Inflation increases the expenses of most companies. This can make it harder for businesses to turn a profit.
Inflation is a natural part of the economy, but high inflation can be a problem. It's like when you're trying to save money, but the prices of things keep going up.
Inflation can erode the value of money over time. This is especially true for investments like silver, which can increase in value when inflation rises.
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