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UPRO · Proshares Ultrapro S&P 500
Over the last 15 years (2011-09 to 2026-09), $10,000 invested in UPRO with dividends reinvested grew to $631,241, 31.63% a year, with a worst peak-to-trough fall of -62.73%. Past performance doesn't predict future results.
Growth of $10,000 · 2011-09 to 2026-09 · dividends reinvested
How UPRO held up in past market crashes
UPRO has been through 3 of the market crashes since 2000 in our data. Its deepest price fall was 76.8% in the 2020 COVID crash, when the S&P 500 fell 34.1%. It took 10 months from the bottom to get back to its high. No fund is safe from losses; past falls do not predict future ones.
| Crash | UPRO deepest fall | S&P 500 (SPY) | Peak to bottom | Back to peak |
|---|---|---|---|---|
| 2018 fourth-quarter selloff | -50.3% | -20.2% | Sep 2018 to Dec 2018 | 7 months |
| 2020 COVID crash | -76.8% | -34.1% | Feb 2020 to Mar 2020 | 10 months |
| 2022 bear market | -64.0% | -25.4% | Jan 2022 to Oct 2022 | 20 months |
Price declines in the fund's listing currency, dividends not included, inside each crash's S&P 500 peak-to-bottom window. See how 50 popular ETFs compare in the crash study.
About UPRO
ProShares UltraPro S&P 500 is a leveraged exchange-traded fund that seeks daily investment results corresponding to three times the daily performance of the S&P 500 Index. It is designed to provide amplified exposure to large-cap U.S. equities through a portfolio that uses financial instruments such as swaps and futures alongside equity holdings. The fund is used by market participants seeking short-term, tactical access to broad U.S. stock market movements. Its holdings are tied to companies across major sectors of the economy, making it a concentrated tool for expressing views on the overall direction of U.S. large-cap stocks. ProShares UltraPro S&P 500 is managed by ProShares and is part of the firm’s leveraged and inverse ETF lineup.
Put UPRO to the test
Every tool below opens prefilled with UPRO: free, no account needed.
Backtest UPRO →
Full history, any date range, benchmarks, drawdowns, rolling returns.
Would UPRO survive 2008? →
What actually happened to it in the crisis: real drawdown and recovery.
Project it forward →
Monte Carlo simulation of where it could go from here.
Compare UPRO vs VTI →
Head-to-head against the total US market.
Replay $100/mo into UPRO →
Animated growth of steady monthly contributions.
Fundamentals →
Holdings-level financials where available.
Educational use only, not investment advice. Results are hypothetical.Read full disclaimer
This tool is for educational and informational purposes only and does not provide financial, investment, tax, legal, or accounting advice. Results are hypothetical and based on historical data and assumptions that may be inaccurate. Past performance does not guarantee future results. Consult a licensed professional before making investment decisions.