UCOP ETF — ProShares Ultra Copper K-1 Free ETF

ProShares Ultra Copper K-1 Free ETF (UCOP)

Updated October 16, 2026.

UCOP is an ETF. its distribution rate is 1.20%, its trailing-12-month yield is 0.43%, its expense ratio is 0.95%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 2.1% over the past 0.5 years, 6.9 points behind SPY at 9.0%.

ProShares Ultra Copper K-1 Free is an ETF that seeks daily returns consistent with twice the daily performance of copper prices through leveraged financial instruments, aiming to provide amplified exposure to copper price movements. The fund carries a modest expense ratio of 0.95% and does not maintain a regular distribution schedule, though it has made special distributions in the past that should not be relied upon as recurring income. This fund appeals to traders and tactical investors seeking leveraged copper exposure rather than buy-and-hold income investors.

UCOP performance versus SPY

Price and return data through 2026-10-16.

Total return is 2.1% over the past 0.5 years, 6.9 points behind SPY at 9.0%.

UCOP key facts

Distribution Safety Score™

50 · Unproven

Issuer

ProShares

Asset type

ETF

Asset class

Equity

Expense ratio

0.95%

Distribution rate

1.20%

Distribution frequency

Quarterly

Trailing yield

0.43%

Last close

$39.96 (as of 2026-10-16)

AUM

$4,656,571

Average volume

110.0

Dividend

$0.11975

Ex-dividend date

09/23/2026

Payment date

09/29/2026

How Dividend Vision calculates yield and returns

Distribution rate (1.20%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.43%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: ProShares; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

UCOP risks and drawbacks

UCOP's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window.

Who may consider UCOP — and who may not

It is a weaker fit for investors who need monthly cash flow (UCOP pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on UCOP

• All tickers starting with U

Tagged: Leverage, Metals.

Frequently asked questions

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