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ETFs

ProShares Ultra FTSE Europe

UPV
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 27 2010
Expense Ratio
0.95%
Type
Global Ex. US Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$2,316
AUM
$4,194,665
Associated Index
FTSE Developed Europe All Cap Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Net Other Assets (Liabilities)
100.00%
n/a
Derivatives offset
-200.10%
Invest with UPV

What is UPV?

ProShares Ultra FTSE Europe seeks daily investment results before fees and expenses that correspond to twice (200%) the daily performance of the FTSE Developed Europe All Cap Index. The FTSE Developed Europe All Cap Index is a market-capitalization weighted index representing the performance of large, mid and small cap companies in Developed European markets, including the UK. The index is comprised of approximately 1250 securities from 16 countries, and derived from the FTSE Global Equity Index Series (GEIS), which covers over 7,400 securities in 47 different countries and captures 98% of the worlds investable market capitalization.

ETFs related toUPV

ETFs correlated to UPV include VGK, IEUR, BBEU

UPV
ProShares Trust - ProShares Ultra FTSE Europe 2x Shares
VGK
Vanguard Group, Inc. - Vanguard FTSE Europe ETF
IEUR
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Europe ETF
BBEU
J.P.Morgan Investment Management Inc. - JPMorgan BetaBuilders Europe ETF
SPEU
SSgA Active Trust - SPDR Portfolio Europe ETF
IEV
BlackRock Institutional Trust Company N.A. - iShares Europe ETF
EZU
BlackRock Institutional Trust Company N.A. - iShares MSCI EMU ETF
EFA
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE ETF
ESGD
iShares Trust - iShares Trust iShares ESG Aware MSCI EAFE ETF
IEFA
BlackRock Institutional Trust Company N.A. - iShares Core MSCI EAFE ETF
BBIN
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders International Equity 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 toUPV

#DB

Diversification at its Best

Category

Tactical Asset Allocation, Be Risk Aware, Diversification

Risk Rating

Moderate

#PTI

Pick the Trending Index

Category

Momentum, Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

Create your own algorithmic trading strategy with UPV using Composer

FAQ

UPV is a Global Ex. US Equities ETF. ProShares Ultra FTSE Europe seeks daily investment results before fees and expenses that correspond to twice (200%) the daily performance of the FTSE Developed Europe All Cap Index. The FTSE Developed Europe All Cap Index is a market-capitalization weighted index representing the performance of large, mid and small cap companies in Developed European markets, including the UK. The index is comprised of approximately 1250 securities from 16 countries, and derived from the FTSE Global Equity Index Series (GEIS), which covers over 7,400 securities in 47 different countries and captures 98% of the worlds investable market capitalization.

UPV tracks the FTSE Developed Europe All Cap Index.

No, UPV 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, UPV 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 UPV is -0.0421%. This is the percent change in the value of UPV over the most recent 1-month period. The 3-month return on UPV is -0.0777%. This is the percent change in the value of UPV over the most recent 3-month period.

The standard deviation of UPV for the past year is 0.3784%. 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 UPV include EURL, SSO, and TNA.

ETFs correlated to UPV include VGK, IEUR, and BBEU.

ETFs that are inversely correlated to UPV include EPV, EFZ, and SH.

Yes, UPV is a Leveraged (2x) ETF: This means that UPV will try to match the performance of FTSE Developed Europe All Cap Index, but with 2x the returns.

Yes, UPV is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of FTSE Developed Europe All Cap 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.