ProShares Ultra Cloud Computing (SKYU) Performance
SKYU total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +46.5% since Dec 31, 2025
- 1 year
- +30.3% total return
- 5 years
- +0.3% a year
- Since first price
- +5.0% a year since 2021
SKYU trailing returns vs SPY, QQQ, AGG
| Period | SKYU total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.0% | −1.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +60.6% | +60.6% | +3.2% | +1.9% | −0.4% |
| 6 months | +90.1% | +89.9% | +7.8% | +8.4% | −1.5% |
| YTD | +46.5% | +46.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +30.3% | +29.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +252.1%+52.1%/yr | +248.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +1.7%+0.3%/yr | +0.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionJan 21, 2021 | +32.3%+5.0%/yr | +30.9% | — | — | — |
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: SKYU vs SPY
From Jan 21, 2021: SKYU grew to $13,233, SPY to $21,354.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SKYU returns by calendar year
3 of 4 full years positive. Best 2023 (+105.8%), worst 2022 (−75.9%). 2026 is year to date.
SKYU annual returns table
| Year | SKYU | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +46.5% | −39.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +2.8% | −55.3% | +17.7% | +20.8% | +7.2% |
| 2024 | +65.8% | −24.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +105.8% | −27.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −75.9% | −77.5% | −18.2% | −32.6% | −13.0% |
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.
SKYU largest drawdowns
Now 8.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 9, 2021 | −83.0% | Jan 5, 2023 | Oct 9, 2026 | 1.2 years | 4.9 years |
| Feb 9, 2021 | −32.3% | May 12, 2021 | Oct 19, 2021 | 3 months | 8 months |
| Oct 9, 2026 | −18.3% | Oct 16, 2026 | not yet | 7 days | 14 days so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SKYU risk statistics
| Statistic | 3 years | 5 years | Since 2021 |
|---|---|---|---|
| Annualized return | +46.5% | +2.9% | +4.6% |
| Volatility (annualized) | 54.1% | 55.4% | 52.8% |
| Sharpe ratio | 0.89 | 0.26 | 0.28 |
| Sortino ratio | 1.68 | 0.40 | 0.45 |
| Best month | +45.9% | +45.9% | +45.9% |
| Worst month | −26.0% | −33.8% | −33.8% |
| Best 12 months | +100.4% | +105.8% | +105.8% |
| Worst 12 months | −25.6% | −75.9% | −75.9% |
| Positive months | 61% | 52% | 53% |
| Beta vs S&P 500 | 3.07 | 2.57 | — |
| Correlation with S&P 500 | 0.71 | 0.73 | — |
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.
SKYU rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 58 | −75.9% | +15.5% | +105.8% | 64% |
| 3-year (a year) | 34 | −19.7% | +20.7% | +52.6% | 62% |
| 5-year (a year) | 10 | −9.2% | −3.3% | +2.9% | 40% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
SKYU performance overview
ProShares Ultra Cloud Computing (SKYU) returned +30.3% over the past year and +0.3% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned +5.0% a year, turning $10,000 into about $13,233. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −83.0%, from Nov 9, 2021 to Jan 5, 2023, and it took 3.8 years to get back to the old high. SKYU finished 3 of its 4 full calendar years with a gain; the best year was 2023 (+105.8%) and the worst 2022 (−75.9%). Volatility has been 52.8% a year.
Related: SKYU chart, SKYU dividends. See the SKYU overview for the latest quote and fund facts.
SKYU performance FAQ
What is the SKYU return over the past year?
SKYU returned +30.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 29.4%.
What is the average annual return of SKYU?
SKYU has returned +0.3% a year over 5 years, +5.0% a year since January 21, 2021 (total return, distributions reinvested).
How much would $10,000 invested in SKYU be worth?
$10,000 invested in SKYU at its first recorded close on January 21, 2021 would be worth about $13,233 on October 23, 2026 with distributions reinvested.
What was the worst year for SKYU?
The worst calendar year was 2022, with a total return of −75.9%. The best was 2023 at +105.8%.
What is the biggest drawdown of SKYU?
The largest peak-to-trough decline was −83.0% between November 9, 2021 and January 5, 2023. It recovered to the old high on October 9, 2026, 3.8 years after the bottom.
How volatile is SKYU?
Over the past 3 years SKYU had an annualized volatility of 54.1% and a Sharpe ratio of 0.89 (excess return over 1–3 month T-bills per unit of risk).