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ProShares Ultra Cloud Computing(SKYU)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for SKYU
09/25/2026: SKYU (2-star) has a low Upturn Star Rating. Not recommended to BUY.
ProShares Ultra Cloud Computing (SKYU) provides 2x daily leveraged exposure to the Indxx USA Cloud Computing Index, primarily through derivative instruments. Its main strengths include tactical agility for short-term traders and exposure to a high-growth sector, backed by a reputable issuer. However, the fund carries high risks, including volatility decay and significant loss potential due to leverage. It is suitable only for experienced, short-term tactical investors monitoring daily market trends, rather than long-term buy-and-hold portfolios.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | While the sector is growth-oriented, the leverage and daily reset mechanism make it unsuitable for long-term buy-and-hold growth strategies. |
| Momentum investor | Strong fit while signal remains positive | Momentum traders can use the 2x leverage to capitalize on short-term upward trends in the cloud sector when the trend is clearly established. |
| Value investor | Weak fit | The fund does not focus on fundamental valuation metrics and the compounding costs are antithetical to value-investing principles. |
| Dividend/Income investor | Weak fit | SKYU is designed for price appreciation and leverage rather than generating sustainable dividend income. |
| Low-risk investor | Weak fit | The 2x leverage significantly increases volatility, making this fund inappropriate for risk-averse investors. |
Investor Profile
Ideal Investor Profile
The ideal investor is an experienced, short-term tactical trader with a high risk tolerance.
Suitability
This fund is strictly for short-term tactical traders, not for passive index followers or long-term investors.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | Leverage magnifies the daily swings of the underlying index, leading to significant potential for loss. |
| Market risk | High | The fund is fully exposed to the fluctuations of the cloud computing sector, which can be highly cyclical. |
| Concentration | Medium / high | The underlying index is focused on a single industry, increasing the impact of sector-specific negative news. |
| Tracking/expense | Medium / high | Daily rebalancing and derivative costs create 'volatility decay,' which erodes value over time. |
| Liquidity | Medium | Lower average volumes can result in wider spreads, impacting the cost of entry and exit. |
| Business/sector quality | Medium | The sector's heavy reliance on enterprise IT spending makes it sensitive to broader economic slowdowns. |
Risk Analysis
Volatility
SKYU exhibits high historical volatility due to the nature of 2x leverage.
Market Risk
Risks include sector-specific downturns, technology spending cuts, and general market systemic risk.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Derivatives | Indxx USA Cloud Computing Index (seeks 2x daily return) | 98 | The fund uses swap agreements to provide two times the daily return of a basket of cloud computing stocks. |
| Cash/collateral | Cash and Cash Equivalents | 2 | Cash holdings are maintained as collateral for derivative positions to ensure liquidity and meet margin requirements. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Choppy
The stock has experienced frequent reversals and pronounced short-term price swings.
Analysis of Past Performance
Type ETF | Historic Profit 48.48% | Avg. Invested days 37 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 09/25/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Sep 27, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $6.03M |
| Issuer | ProShares |
| Expense Ratio | 0.95% |
| Distribution Yield | 0.56% |
| Inception | Jan 19, 2021 |
Performance
| Period | Total Return |
|---|---|
| YTD | +43.22% |
| 1 Year | +31.51% |
| 3 Year | +47.59% |
| 5 Year | +1.09% |
| 10 Year | +0.00% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 71% |
| 3Y Volatility | 54.6% |
| 3Y Sharpe Ratio | 0.82 |
Market Cap Distribution
| Cap Size | Weight |
|---|---|
| Mid Cap | 17.80% |
| Large Cap | 15.30% |
| Small Cap | 14.94% |
| Mega Cap | 7.71% |
| Micro Cap | 4.34% |
Top Sectors
| Sector | Weight |
|---|---|
| Technology | 87.83% |
| Communication Services | 8.35% |
| Consumer Cyclicals | 3.28% |
| Healthcare | 0.55% |
Asset Allocation
Portfolio Characteristics
| Metric | Value |
|---|---|
| Portfolio P/E | 25.24x |
| Portfolio P/B | 6.13x |
| Portfolio P/S | 3.61x |
| Holdings Turnover | 0.0% |
Top Holdings
| Holding | Weight |
|---|---|
| Everpure | 2.69% |
| DigitalOcean Holdings | 2.62% |
| Arista Networks | 2.15% |
| Alphabet Class A | 2.07% |
| Nutanix | 2.05% |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
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