This leveraged ProShares ETF seeks a return that is 2x the return of its underlying benchmark (target) for a single day, as measured from one NAV calculation to the next.
With this nature, this ETF is more suitable for a short-term trading such as single-day trading, not for long-term holding. From history, the fluctuation tends to be much larger than the others, hence also more risky. Investors should monitor their holdings as frequently as daily. Investors should consult the prospectus for further details on the calculation of the returns and the risks associated with investing in this product.
More Details
Due to the compounding of daily returns, holding periods of greater than one day can result in returns that are significantly different than the target return, and ProShares' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks.
| Inception | 2009-06-04 |
| Index Tracked | MSCI Japan (200%) |
| Lveraged | 2x |
| Asset Class Size | Large-Cap |
| Expense Ratio | 1.16% |
| Trading Volume | 1m ave: 9,170 |
| 3m ave: 5,891 |