URSP ETF — ProShares Ultra S&P 500 Equal Weight

ProShares Ultra S&P 500 Equal Weight (URSP)

Updated October 16, 2026.

URSP is an ETF. its distribution rate is 1.56%, its trailing-12-month yield is 1.28%, its expense ratio is 0.95%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 22.7% over the past 1.1 years, 3.1 points ahead of SPY at 19.6%.

ProShares Ultra S&P 500 Equal Weight is an ETF that uses leverage to seek daily returns consistent with twice the performance of the S&P 500 Equal Weight Index, which weights all companies in the S&P 500 equally rather than by market capitalization. The fund distributes quarterly with a modest current distribution rate and carries an expense ratio of 0.95%. This leveraged ETF appeals primarily to active traders and tactical investors seeking short-term exposure to large-cap U.S. equities with amplified daily returns, rather than to long-term buy-and-hold income investors.

URSP performance versus SPY

Price and return data through 2026-10-16.

Total return is 22.7% over the past 1.1 years, 3.1 points ahead of SPY at 19.6%. Its deepest 1-year drawdown was 15.7%.

URSP key facts

Distribution Safety Score™

50 · Unproven

Issuer

ProShares

Asset type

ETF

Asset class

Equity

Inception date

08/25/2025

Expense ratio

0.95%

Distribution rate

1.56%

Distribution frequency

Quarterly

Trailing yield

1.28%

Last close

$48.86 (as of 2026-10-16)

AUM

$41,145,259

Average volume

39644.0

Dividend

$0.19

Ex-dividend date

09/23/2026

Payment date

09/29/2026

Beta

1.4679

How Dividend Vision calculates yield and returns

Distribution rate (1.56%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.28%) 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.

URSP risks and drawbacks

URSP'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. The deepest 1-year drawdown on record here is 15.7%.

Who may consider URSP — and who may not

It is a weaker fit for investors who need monthly cash flow (URSP pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

More on URSP

• All tickers starting with U

Tagged: Leverage, S&P500.

Frequently asked questions

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