ProShares Ultra Semiconductors (USD) Performance
USD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +40.0% since Dec 31, 2025
- 1 year
- +43.4% total return
- 5 years
- +51.2% a year
- 10 years
- +51.3% a year
- Since first price
- +27.5% a year since 2007
USD trailing returns vs SPY, QQQ, AGG
| Period | USD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −22.7% | −22.7% | −1.0% | −5.0% | +0.9% |
| 3 months | −19.4% | −19.5% | +3.2% | +1.9% | −0.4% |
| 6 months | −0.8% | −1.1% | +7.8% | +8.4% | −1.5% |
| YTD | +40.0% | +39.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +43.4% | +42.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +718.9%+101.6%/yr | +710.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +691.5%+51.2%/yr | +680.9% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +6,191.7%+51.3%/yr | +5,942.8% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +21,858.6%+43.3%/yr | +19,521.0% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionFeb 1, 2007 | +11,933.2%+27.5%/yr | +9,830.3% | — | — | — |
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: USD vs SPY
From Feb 1, 2007: USD grew to $1.2M, SPY to $75,332.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
USD returns by calendar year
12 of 18 full years positive. Best 2023 (+228.8%), worst 2008 (−79.8%). 2026 is year to date.
USD annual returns table
| Year | USD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +40.0% | −39.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +62.1% | −61.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +139.6% | −47.8% | +24.9% | +25.6% | +1.3% |
| 2023 | +228.8% | −31.5% | +26.2% | +54.9% | +5.7% |
| 2022 | −68.6% | −77.3% | −18.2% | −32.6% | −13.0% |
| 2021 | +104.3% | −28.9% | +28.7% | +27.4% | −1.8% |
| 2020 | +68.2% | −61.5% | +18.3% | +48.6% | +7.5% |
| 2019 | +110.4% | −37.5% | +31.2% | +39.0% | +8.5% |
| 2018 | −26.9% | −51.5% | −4.6% | −0.1% | +0.1% |
| 2017 | +81.7% | −20.7% | +21.7% | +32.7% | +3.6% |
| 2016 | +57.5% | −28.2% | +12.0% | +7.1% | +2.4% |
| 2015 | −7.5% | −44.0% | +1.2% | +9.4% | +0.5% |
| 2014 | +84.9% | −28.8% | +13.5% | +19.2% | +6.0% |
| 2013 | +77.7% | −12.8% | +32.3% | +36.6% | −2.0% |
| 2012 | −10.2% | −42.7% | +16.0% | +18.1% | +3.8% |
| 2011 | −14.9% | −47.0% | +1.9% | +3.4% | +7.7% |
| 2010 | +19.4% | −44.1% | +15.1% | +19.9% | +6.4% |
| 2009 | +137.5% | −35.9% | +26.4% | +54.7% | +3.0% |
| 2008 | −79.8% | −84.1% | −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.
USD largest drawdowns
Now 35.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 17, 2007 | −88.6% | Nov 20, 2008 | Nov 24, 2014 | 1.3 years | 7.4 years |
| Dec 7, 2021 | −77.9% | Oct 14, 2022 | Jan 11, 2024 | 10 months | 2.1 years |
| Jun 18, 2024 | −64.5% | Apr 4, 2025 | Jul 15, 2025 | 10 months | 1.1 years |
| Feb 19, 2020 | −61.5% | Mar 16, 2020 | Aug 25, 2020 | 26 days | 6 months |
| Jun 6, 2018 | −51.5% | Dec 24, 2018 | Nov 4, 2019 | 7 months | 1.4 years |
| May 29, 2015 | −44.0% | Aug 25, 2015 | Jul 26, 2016 | 3 months | 1.2 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
USD risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2007 |
|---|---|---|---|---|
| Annualized return | +116.2% | +62.7% | +54.5% | +29.5% |
| Volatility (annualized) | 68.8% | 73.9% | 60.4% | 54.4% |
| Sharpe ratio | 1.39 | 0.97 | 0.99 | 0.72 |
| Sortino ratio | 3.42 | 1.86 | 1.81 | 1.22 |
| Best month | +62.2% | +62.2% | +62.2% | +62.2% |
| Worst month | −24.5% | −34.8% | −34.8% | −34.8% |
| Best 12 months | +305.0% | +305.0% | +305.0% | +305.0% |
| Worst 12 months | −18.4% | −68.6% | −68.6% | −81.1% |
| Positive months | 61% | 58% | 62% | 60% |
| Beta vs S&P 500 | 4.44 | 3.70 | 3.02 | — |
| Correlation with S&P 500 | 0.80 | 0.78 | 0.77 | — |
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.
USD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 225 | −81.1% | +43.8% | +305.0% | 68% |
| 3-year (a year) | 201 | −34.2% | +35.1% | +150.5% | 90% |
| 5-year (a year) | 177 | −18.1% | +33.0% | +70.7% | 90% |
| 10-year (a year) | 117 | +8.3% | +33.9% | +61.1% | 100% |
Every holding period starting at a month-end since 2007. Returns for 3 years and longer are annualized.
USD performance overview
ProShares Ultra Semiconductors (USD) returned +43.4% over the past year and +51.3% a year over ten years, with distributions reinvested. Since its first recorded price in 2007 it has returned +27.5% a year, turning $10,000 into about $1.2M. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −88.6%, from Jul 17, 2007 to Nov 20, 2008, and it took 6.0 years to get back to the old high. USD finished 12 of its 18 full calendar years with a gain; the best year was 2023 (+228.8%) and the worst 2008 (−79.8%). Volatility has been 54.4% a year.
Related: USD chart, USD holdings, USD dividends, USD valuation. See the USD overview for the latest quote and fund facts.
USD performance FAQ
What is the USD return over the past year?
USD returned +43.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 42.6%.
What is the average annual return of USD?
USD has returned +51.2% a year over 5 years, +51.3% a year over 10 years, +27.5% a year since February 1, 2007 (total return, distributions reinvested).
How much would $10,000 invested in USD be worth?
$10,000 invested in USD at its first recorded close on February 1, 2007 would be worth about $1.2M on October 23, 2026 with distributions reinvested.
What was the worst year for USD?
The worst calendar year was 2008, with a total return of −79.8%. The best was 2023 at +228.8%.
What is the biggest drawdown of USD?
The largest peak-to-trough decline was −88.6% between July 17, 2007 and November 20, 2008. It recovered to the old high on November 24, 2014, 6.0 years after the bottom.
How volatile is USD?
Over the past 3 years USD had an annualized volatility of 68.8% and a Sharpe ratio of 1.39 (excess return over 1–3 month T-bills per unit of risk).