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ETFs

ProShares Trust ProShares Ultra Nasdaq Cybersecurity ETF

UCYB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 19 2021
Expense Ratio
0.98%
Type
Global Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$18,303
AUM
$2,020,648
Associated Index
Nasdaq CTA Cybersecurity Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Net Other Assets (Liabilities)
100.00%
n/a
Derivatives offset
-199.71%
Invest with UCYB

What is UCYB?

ProShares Ultra Nasdaq Cybersecurity seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Nasdaq CTA Cybersecurity Index. The Nasdaq CTA Cybersecurity Index is designed to track the performance of companies engaged in the Cybersecurity segment of the technology and industrial sectors. The Index includes companies primarily involved in the building, implementation and management of security protocols applied to private and public networks, computers and mobile devices in order to provide protection of the integrity of data and network operations.

ETFs related toUCYB

ETFs correlated to UCYB include CIBR, HACK, IHAK

UCYB
ProShares Trust - ProShares Ultra Nasdaq Cybersecurity ETF 2x Shares
CIBR
First Trust Exchange-Traded Fund III - First Trust NASDAQ Cybersecurity ETF
HACK
ETF Managers Group LLC - ETFMG Prime Cyber Security ETF
IHAK
iShares Trust - iShares Cybersecurity and Tech ETF
BUG
Global X Funds - Global X Cybersecurity ETF
IGV
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech-Software Sector ETF
XSW
SPDR Series Trust - SPDR S&P Software & Services ETF
SKYY
First Trust Exchange-Traded Fund III - First Trust Cloud Computing ETF
THNQ
Exchange Traded Concepts Trust - ROBO Global Artificial Intelligence ETF
CLOU
Global X Funds - Global X Cloud Computing ETF
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.

Automated Strategies
Related toUCYB

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with UCYB using Composer

FAQ

UCYB is a Global Equities ETF. ProShares Ultra Nasdaq Cybersecurity seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Nasdaq CTA Cybersecurity Index. The Nasdaq CTA Cybersecurity Index is designed to track the performance of companies engaged in the Cybersecurity segment of the technology and industrial sectors. The Index includes companies primarily involved in the building, implementation and management of security protocols applied to private and public networks, computers and mobile devices in order to provide protection of the integrity of data and network operations.

UCYB tracks the Nasdaq CTA Cybersecurity Index.

No, UCYB 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, UCYB 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 UCYB is 0.0018%. This is the percent change in the value of UCYB over the most recent 1-month period. The 3-month return on UCYB is 0.0301%. This is the percent change in the value of UCYB over the most recent 3-month period.

The standard deviation of UCYB for the past year is 0.4595%. 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 UCYB include TQQQ, SSO, and TNA.

ETFs correlated to UCYB include CIBR, HACK, and IHAK.

ETFs that are inversely correlated to UCYB include WEBS, PSQ, and QID.

Yes, UCYB is a Leveraged (2x) ETF: This means that UCYB will try to match the performance of Nasdaq CTA Cybersecurity Index, but with 2x the returns.

Yes, UCYB is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of Nasdaq CTA Cybersecurity 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.