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ETFs

ProShares Ultra Materials

UYM
$--
Today’s Change
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Snapshot
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Inception Date
Jan 30 2007
Expense Ratio
0.95%
Type
US Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$346,728
AUM
$40,459,740
Associated Index
S&P Materials Select Sector Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Net Other Assets (Liabilities)
30.71%
LIN
Linde Plc.
14.36%
APD
Air Products & Chemicals Inc.
5.02%
SHW
Sherwin-Williams Co.
4.75%
FCX
Freeport-McMoRan Inc
4.20%
ECL
Ecolab, Inc.
3.44%
NUE
Nucor Corp.
3.00%
CTVA
Corteva Inc
2.88%
DOW
Dow Inc
2.79%
DD
DuPont de Nemours Inc
2.64%
Invest with UYM

What is UYM?

ProShares Ultra Materials seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P Materials Select Sector Index.

ETFs related toUYM

ETFs correlated to UYM include IYM, XLB, FMAT

UYM
ProShares Trust - ProShares Ultra Materials
IYM
BlackRock Institutional Trust Company N.A. - iShares U.S. Basic Materials ETF
XLB
SSgA Active Trust - Materials Select Sector SPDR
FMAT
Fidelity Covington Trust - Fidelity MSCI Materials Index ETF
VAW
Vanguard Group, Inc. - Vanguard Materials ETF
FXZ
First Trust Exchange-Traded Fund III - First Trust Materials AlphaDEX Fund
AVGE
American Century ETF Trust - Avantis All Equity Markets ETF
JPUS
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Equity ETF
FEX
First Trust Exchange-Traded Fund III - First Trust Large Cap Core AlphaDEX Fund
JPME
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Mid Cap Equity ETF
LSAF
Two Roads Shared Trust - LeaderShares AlphaFactor US Core 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 toUYM

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with UYM using Composer

FAQ

UYM is a US Equities ETF. ProShares Ultra Materials seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P Materials Select Sector Index.

UYM tracks the S&P Materials Select Sector Index.

No, UYM 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, UYM 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 UYM is -0.033%. This is the percent change in the value of UYM over the most recent 1-month period. The 3-month return on UYM is -0.047%. This is the percent change in the value of UYM over the most recent 3-month period.

The standard deviation of UYM for the past year is 0.4264%. 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 UYM include SMN, TQQQ, and SSO.

ETFs correlated to UYM include IYM, XLB, and FMAT.

ETFs that are inversely correlated to UYM include TZA, RWM, and TWM.

Yes, UYM is a Leveraged (2x) ETF: This means that UYM will try to match the performance of S&P Materials Select Sector Index, but with 2x the returns.

Yes, UYM is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of S&P Materials Select Sector 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.