UXIProShares Ultra Industrials
UXI Fund Description
UXI provides daily 2x exposure to a market cap weighted index of US industrial companies.
UXI Factset Analytics Insight
UXI makes a bullish bet on US industrial stocks, but poor liquidity diminishes its attractiveness. The fund offers daily 2x exposure to its index and holding the fund longer than a day exposes the investor to the effects of compounding which can change the size and even the direction of the 2x multiple. UXI’s reference index is the Dow Jones U.S. Industrials index which is tracked in 1x fashion by hugely popular IYJ from iShares. The Dow Jones U.S. Industrials index is a market cap-weighted index of about 200 US industrial firms (and should not be confused with the famous Dow Jones Industrial Average, aka “the Dow”). Geared products like UXI are designed for short-term use, so liquidity is paramount. Unfortunately, UXI isn’t up to the challenge. Spreads are wide and volume is thin. Still, it’s the only choice for positive geared exposure to the space in an ETF wrapper.
UXI MSCI ESG Analytics Insight
ProShares Ultra Industrials has an MSCI ESG Fund Rating of A based on a score of 6.38 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. ProShares Ultra Industrials ranks in the 65th percentile within its peer group and in the 62nd percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
UXI Charts And Performance
UXI Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of UXI. UXI is rated a N/A out of 5.