ProShares Ultra MSCI Brazil Capped (UBR) Performance
UBR total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +63.1% since Dec 31, 2025
- 1 year
- +85.7% total return
- 5 years
- +16.5% a year
- 10 years
- −4.4% a year
- Since first price
- −11.9% a year since 2010
UBR trailing returns vs SPY, QQQ, AGG
| Period | UBR total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +26.8% | +26.8% | −1.0% | −5.0% | +0.9% |
| 3 months | +31.3% | +30.6% | +3.2% | +1.9% | −0.4% |
| 6 months | +7.6% | +6.6% | +7.8% | +8.4% | −1.5% |
| YTD | +63.1% | +61.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +85.7% | +82.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +97.0%+25.4%/yr | +78.4% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +114.9%+16.5%/yr | +93.4% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | −36.3%−4.4%/yr | −43.1% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | −79.2%−9.9%/yr | −81.4% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionApr 29, 2010 | −87.7%−11.9%/yr | −89.0% | — | — | — |
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: UBR vs SPY
From Apr 29, 2010: UBR grew to $1,230, SPY to $84,121.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
UBR returns by calendar year
6 of 15 full years positive. Best 2016 (+126.7%), worst 2015 (−70.6%). 2026 is year to date.
UBR annual returns table
| Year | UBR | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +63.1% | −35.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +96.1% | −25.3% | +17.7% | +20.8% | +7.2% |
| 2024 | −57.0% | −56.2% | +24.9% | +25.6% | +1.3% |
| 2023 | +50.0% | −33.6% | +26.2% | +54.9% | +5.7% |
| 2022 | +5.6% | −56.0% | −18.2% | −32.6% | −13.0% |
| 2021 | −39.0% | −56.0% | +28.7% | +27.4% | −1.8% |
| 2020 | −60.7% | −86.2% | +18.3% | +48.6% | +7.5% |
| 2019 | +44.2% | −36.3% | +31.2% | +39.0% | +8.5% |
| 2018 | −19.1% | −59.8% | −4.6% | −0.1% | +0.1% |
| 2017 | +35.4% | −37.0% | +21.7% | +32.7% | +3.6% |
| 2016 | +126.7% | −35.5% | +12.0% | +7.1% | +2.4% |
| 2015 | −70.6% | −72.4% | +1.2% | +9.4% | +0.5% |
| 2014 | −35.7% | −63.2% | +13.5% | +19.2% | +6.0% |
| 2013 | −36.3% | −47.8% | +32.3% | +36.6% | −2.0% |
| 2012 | −5.9% | −51.3% | +16.0% | +18.1% | +3.8% |
| 2011 | −49.0% | −60.7% | +1.9% | +3.4% | +7.7% |
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.
UBR largest drawdowns
Now 89.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 4, 2010 | −97.2% | Mar 23, 2020 | not yet | 9.4 years | 16.0 years so far |
| Apr 29, 2010 | −35.6% | May 20, 2010 | Sep 28, 2010 | 21 days | 5 months |
| Oct 13, 2010 | −12.4% | Oct 22, 2010 | Nov 4, 2010 | 9 days | 22 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
UBR risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2010 |
|---|---|---|---|---|
| Annualized return | +12.8% | +7.8% | −4.6% | −13.2% |
| Volatility (annualized) | 47.5% | 52.5% | 61.3% | 62.1% |
| Sharpe ratio | 0.38 | 0.33 | 0.23 | 0.08 |
| Sortino ratio | 0.67 | 0.53 | 0.34 | 0.12 |
| Best month | +34.2% | +34.2% | +50.7% | +61.9% |
| Worst month | −19.2% | −35.1% | −72.1% | −72.1% |
| Best 12 months | +153.4% | +153.4% | +153.4% | +206.9% |
| Worst 12 months | −57.0% | −57.0% | −76.7% | −80.2% |
| Positive months | 50% | 52% | 50% | 47% |
| Beta vs S&P 500 | 0.57 | 1.13 | 1.64 | — |
| Correlation with S&P 500 | 0.15 | 0.34 | 0.41 | — |
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.
UBR rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 187 | −80.2% | −11.9% | +206.9% | 41% |
| 3-year (a year) | 163 | −52.7% | −17.7% | +56.8% | 31% |
| 5-year (a year) | 139 | −43.4% | −16.6% | +17.8% | 16% |
| 10-year (a year) | 79 | −26.6% | −17.5% | +5.9% | 8% |
Every holding period starting at a month-end since 2010. Returns for 3 years and longer are annualized.
UBR performance overview
ProShares Ultra MSCI Brazil Capped (UBR) returned +85.7% over the past year and −4.4% a year over ten years, with distributions reinvested. Since its first recorded price in 2010 it has returned −11.9% a year, turning $10,000 into about $1,230. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −97.2%, from Nov 4, 2010 to Mar 23, 2020; the fund has not yet regained that high. UBR finished 6 of its 15 full calendar years with a gain; the best year was 2016 (+126.7%) and the worst 2015 (−70.6%). Volatility has been 62.1% a year.
Related: UBR chart, UBR dividends. See the UBR overview for the latest quote and fund facts.
UBR performance FAQ
What is the UBR return over the past year?
UBR returned +85.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 82.4%.
What is the average annual return of UBR?
UBR has returned +16.5% a year over 5 years, −4.4% a year over 10 years, −11.9% a year since April 29, 2010 (total return, distributions reinvested).
How much would $10,000 invested in UBR be worth?
$10,000 invested in UBR at its first recorded close on April 29, 2010 would be worth about $1,230 on October 23, 2026 with distributions reinvested.
What was the worst year for UBR?
The worst calendar year was 2015, with a total return of −70.6%. The best was 2016 at +126.7%.
What is the biggest drawdown of UBR?
The largest peak-to-trough decline was −97.2% between November 4, 2010 and March 23, 2020. It has not yet recovered to that high; it is 89.7% below its peak.
How volatile is UBR?
Over the past 3 years UBR had an annualized volatility of 47.5% and a Sharpe ratio of 0.38 (excess return over 1–3 month T-bills per unit of risk).