UPW ProShares Ultra Utilities
UPW Fund Description
UPW provides 2x leveraged exposure to a price-weighted index that measures the performance of large US utilities companies.
UPW Factset Analytics Insight
UPW is a leveraged take on US utility companies. Like many levered funds, it promises 2x exposure and rebalances daily. Over longer periods, returns can vary significantly from 2x exposure to its underlying index. As a result, compounding and path dependency make its long-term returns difficult to predict when compared with its underlying index. The product should be considered as a short-term tactical tool, it’s not designed for long-term investors. The underlying index transport much of the elements we use on a daily basis including, electric utilities, gas utilities, multi-utilities and water utilities.
UPW Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of UPW. UPW is rated a N/A out of 5.