UWM ETF — ProShares Ultra Russell2000

ProShares Ultra Russell2000 (UWM)

Updated October 16, 2026.

UWM is an ETF. its distribution rate is 1.22%, its trailing-12-month yield is 0.92%, its expense ratio is 0.95%. Dividend Vision Distribution Safety Score™ is 55/100 (Caution). Total return is 229.6% over the past 19.7 years, 439.5 points behind SPY at 669.1%.

ProShares Ultra Russell2000 is an ETF that seeks to deliver daily returns consistent with twice the daily performance of the Russell 2000 index through leveraged exposure to small-cap U.S. stocks. The fund carries a modest distribution rate paid quarterly and has an expense ratio of 0.95%, which is elevated relative to standard equity ETFs due to its leveraged structure. This fund appeals primarily to traders and tactical investors seeking amplified short-term exposure to small-cap equities, rather than long-term buy-and-hold income investors.

UWM performance versus SPY

Price and return data through 2026-10-16.

Total return is 229.6% over the past 19.7 years, 439.5 points behind SPY at 669.1%. Over the past year its total return — price change plus distributions reinvested — is 14.1%. Its deepest 1-year drawdown was 22.3%.

UWM key facts

Distribution Safety Score™

55 · Caution

Safety-Adjusted Yield

0.67%

Issuer

ProShares

Asset type

ETF

Asset class

Equity

Inception date

01/23/2007

Expense ratio

0.95%

Distribution rate

1.22%

Distribution frequency

Quarterly

Trailing yield

0.92%

Last close

$53.47 (as of 2026-10-16)

AUM

$218,527,079

Average volume

260505.0

Dividend

$0.163

Ex-dividend date

09/23/2026

Payment date

09/29/2026

Beta

2.56

How Dividend Vision calculates yield and returns

Distribution rate (1.22%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.92%) 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.

UWM risks and drawbacks

UWM'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. The deepest 1-year drawdown on record here is 22.3%.

Who may consider UWM — and who may not

It is a weaker fit for investors who need monthly cash flow (UWM 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 UWM

• All tickers starting with U

Tagged: Leverage.

Frequently asked questions

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