ULE ETF Report: Ratings, Analysis, Quotes, Holdings

Competing ETFs: URR, UEUR

Related ETF Channels: Europe, Leveraged, USD/EUR Exchange Rate, Derivative, Vanilla

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*Unless otherwise stated, data provided by FactSet.

ULE Fund Description

ULE provides 2x the daily performance of the euro spot price against the US dollar.

ULE Factset Analytics Insight

ULE offers 2x leveraged exposure to the USD/EUR cross. Still, it isn't designed to be a long-term investment. Rather, ULE is a short-term trading vehicle that's rebalanced daily. The fund's long-term returns may differ significantly from the performance of the euro against the dollar—a result of the effects of path dependency and compounding—and the fund's high fee takes a bite over long holding periods. Also, keep in mind that ULE references the USD/EUR cross as cited by the Wall Street Journal—a value that may differ from other quoting sources. It gets this exposure using futures contracts, and as a result, distributes a K-1 during tax time. With few assets, it's tough to call ULE an investor favorite. Volume is weak but spreads are manageable for small orders, so it can be traded fairly with a bit of care.

ULE Charts And Performance

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3 Months
YTD
1 Year
3 Years
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PERFORMANCE [as of 02/27/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS

ULE -0.75% -1.15% -4.43% -10.71% -2.35% -4.95% -7.02%

ULE (NAV) -0.79% -1.18% -4.55% -10.75% -2.25% -4.90% -7.00%

USD/EUR Exchange Rate -- -- -- -- -- -- -7.00%

N/A -- -- -- -- -- -- --

All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

ULE Summary Data

ProShares

11/25/08

Commodities Pool

0.95%

$5.16M

0.31%

Fund Home Page

ULE Portfolio Data

0.00%

03/25/20

ULE Index Data

USD/EUR Exchange Rate

Single Asset

N/A

ULE Fund Structure

Yes

N/A

No Policy

N/A

High

Leverage Reset Frequency Daily

ULE Tax Exposures

27.84% / 27.84%

Yes

Cboe Book Viewer

Top Of Book

Last 10 Trades

Bats BZX Real-time Quote -

ULE Factset Analytics Block Liquidity

As of 02/28/20

This measurement shows how easy it is to trade a $1 million USD block of ULE. ULE is rated a 5 out of 5.

ULE Tradability

4,726

$63.08K

2,109

$28.61K

0.31%

$0.04

0.01%

0.34% / -0.30%

None

100.00%

50,000

0.04

0.04%

394

$13.16

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