What is the ISIN of ProShares Ultra S&P 500 Equal Weight?

The ISIN of ProShares Ultra S&P 500 Equal Weight is US74349Y4492.

What does leveraged daily exposure mean for ProShares Ultra S&P 500 Equal Weight?

ProShares Ultra S&P 500 Equal Weight aims to deliver 2 times the daily return of SPY (long). The leverage resets each trading day, so multi-day returns can differ materially from 2X the underlying's cumulative return.

What is volatility decay and how does it affect ProShares Ultra S&P 500 Equal Weight?

Volatility decay (also called compounding drag) occurs because ProShares Ultra S&P 500 Equal Weight rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 2X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.

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ProShares Ultra S&P 500 Equal Weight (URSP) Price

ProShares Ultra S&P 500 Equal Weight Price

— EUR

TER0.95 %

AUM43.45 M USD

IndexS&P 500 Equal Weighted

CurrencyUSD

Funds Launch8/25/2025

ProShares Ultra S&P 500 Equal Weight Price

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Underlying

SPY

SPY2X Long Daily

SPY

ProShares Ultra S&P 500 Equal Weight provides 2X daily exposure to SPY.

Leverage & Compounding Risk

This ETF rebalances daily to achieve its 2X target. Over periods longer than one day, compounding can cause returns to deviate significantly from 2X the underlying's return — especially in volatile, sideways markets (volatility decay). This product is designed for short-term trading, not buy-and-hold investing.