ProShares Ultra Health Care (RXL) Performance
RXL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +28.5% since Dec 31, 2025
- 1 year
- +43.4% total return
- 5 years
- +6.4% a year
- 10 years
- +16.4% a year
- Since first price
- +15.5% a year since 2007
RXL trailing returns vs SPY, QQQ, AGG
| Period | RXL total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +11.8% | +11.8% | −1.0% | −5.0% | +0.9% |
| 3 months | +21.5% | +21.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +46.2% | +45.4% | +7.8% | +8.4% | −1.5% |
| YTD | +28.5% | +27.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +43.4% | +41.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +70.8%+19.5%/yr | +64.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +36.6%+6.4%/yr | +31.0% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +357.6%+16.4%/yr | +334.3% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +1,955.5%+22.3%/yr | +1,805.0% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionFeb 1, 2007 | +1,620.1%+15.5%/yr | +1,385.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: RXL vs SPY
From Feb 1, 2007: RXL grew to $172,007, SPY to $75,332.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
RXL returns by calendar year
13 of 18 full years positive. Best 2013 (+94.0%), worst 2008 (−47.8%). 2026 is year to date.
RXL annual returns table
| Year | RXL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +28.5% | −21.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +19.8% | −28.1% | +17.7% | +20.8% | +7.2% |
| 2024 | −2.7% | −25.8% | +24.9% | +25.6% | +1.3% |
| 2023 | −3.2% | −20.7% | +26.2% | +54.9% | +5.7% |
| 2022 | −15.3% | −31.4% | −18.2% | −32.6% | −13.0% |
| 2021 | +48.1% | −15.9% | +28.7% | +27.4% | −1.8% |
| 2020 | +19.2% | −51.0% | +18.3% | +48.6% | +7.5% |
| 2019 | +40.4% | −15.4% | +31.2% | +39.0% | +8.5% |
| 2018 | +3.4% | −31.4% | −4.6% | −0.1% | +0.1% |
| 2017 | +46.9% | −7.8% | +21.7% | +32.7% | +3.6% |
| 2016 | −8.8% | −23.7% | +12.0% | +7.1% | +2.4% |
| 2015 | +7.5% | −32.8% | +1.2% | +9.4% | +0.5% |
| 2014 | +53.1% | −15.1% | +13.5% | +19.2% | +6.0% |
| 2013 | +94.0% | −10.6% | +32.3% | +36.6% | −2.0% |
| 2012 | +38.5% | −13.6% | +16.0% | +18.1% | +3.8% |
| 2011 | +17.8% | −34.1% | +1.9% | +3.4% | +7.7% |
| 2010 | +5.0% | −26.7% | +15.1% | +19.9% | +6.4% |
| 2009 | +39.5% | −36.8% | +26.4% | +54.7% | +3.0% |
| 2008 | −47.8% | −64.3% | −36.8% | −41.7% | +7.9% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
RXL largest drawdowns
Now 2.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| May 7, 2007 | −67.7% | Mar 5, 2009 | Apr 2, 2012 | 1.8 years | 4.9 years |
| Jan 22, 2020 | −51.0% | Mar 23, 2020 | Aug 31, 2020 | 2 months | 7 months |
| Jul 20, 2015 | −37.5% | Feb 11, 2016 | Jun 20, 2017 | 7 months | 1.9 years |
| Aug 30, 2024 | −36.1% | Aug 7, 2025 | Jul 7, 2026 | 11 months | 1.9 years |
| Dec 30, 2021 | −33.3% | Oct 27, 2023 | Aug 19, 2024 | 1.8 years | 2.6 years |
| Oct 1, 2018 | −31.4% | Dec 24, 2018 | Nov 25, 2019 | 3 months | 1.1 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
RXL risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2007 |
|---|---|---|---|---|
| Annualized return | +14.0% | +5.3% | +14.2% | +15.3% |
| Volatility (annualized) | 28.3% | 29.4% | 29.6% | 29.3% |
| Sharpe ratio | 0.45 | 0.20 | 0.52 | 0.59 |
| Sortino ratio | 0.68 | 0.30 | 0.82 | 0.90 |
| Best month | +18.4% | +18.4% | +26.4% | +26.4% |
| Worst month | −16.2% | −16.2% | −18.8% | −26.4% |
| Best 12 months | +48.7% | +48.7% | +76.0% | +94.0% |
| Worst 12 months | −28.4% | −28.4% | −28.4% | −56.7% |
| Positive months | 58% | 53% | 58% | 61% |
| Beta vs S&P 500 | 0.83 | 1.10 | 1.37 | — |
| Correlation with S&P 500 | 0.36 | 0.58 | 0.71 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
RXL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 225 | −56.7% | +17.9% | +94.0% | 74% |
| 3-year (a year) | 201 | −16.0% | +17.3% | +64.4% | 90% |
| 5-year (a year) | 177 | −1.2% | +18.3% | +50.1% | 99% |
| 10-year (a year) | 117 | +7.2% | +20.9% | +32.1% | 100% |
Every holding period starting at a month-end since 2007. Returns for 3 years and longer are annualized.
RXL performance overview
ProShares Ultra Health Care (RXL) returned +43.4% over the past year and +16.4% a year over ten years, with distributions reinvested. Since its first recorded price in 2007 it has returned +15.5% a year, turning $10,000 into about $172,007. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −67.7%, from May 7, 2007 to Mar 5, 2009, and it took 3.1 years to get back to the old high. RXL finished 13 of its 18 full calendar years with a gain; the best year was 2013 (+94.0%) and the worst 2008 (−47.8%). Volatility has been 29.3% a year.
Related: RXL chart, RXL holdings, RXL dividends, RXL valuation. See the RXL overview for the latest quote and fund facts.
RXL performance FAQ
What is the RXL return over the past year?
RXL returned +43.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 41.6%.
What is the average annual return of RXL?
RXL has returned +6.4% a year over 5 years, +16.4% a year over 10 years, +15.5% a year since February 1, 2007 (total return, distributions reinvested).
How much would $10,000 invested in RXL be worth?
$10,000 invested in RXL at its first recorded close on February 1, 2007 would be worth about $172,007 on October 23, 2026 with distributions reinvested.
What was the worst year for RXL?
The worst calendar year was 2008, with a total return of −47.8%. The best was 2013 at +94.0%.
What is the biggest drawdown of RXL?
The largest peak-to-trough decline was −67.7% between May 7, 2007 and March 5, 2009. It recovered to the old high on April 2, 2012, 3.1 years after the bottom.
How volatile is RXL?
Over the past 3 years RXL had an annualized volatility of 28.3% and a Sharpe ratio of 0.45 (excess return over 1–3 month T-bills per unit of risk).