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ProShares UltraPro S&P500

UPRO provides 3x leveraged daily exposure to a market cap-weighted index of large-cap and mid-cap US companies selected by the S&P Committee.

iShares Core S&P 500 ETF

Direxion Daily S&P 500 Bull 3x Shares

SPDR S&P 500 ETF Trust

SPDR Portfolio S&P 500 High Dividend ETF

SPDR Portfolio S&P 500 Growth ETF

SPDR Portfolio S&P 500 Value ETF

ProShares Ultra S&P 500

Vanguard S&P 500 ETF

The S&P 500 was up about 24% in 2023 due to cooling inflation, a less-hawkish Fed, an AI boom, a tech rally and an improvement in corporate earnings. The index may go up by a single-digit in 2024.

Guide to the S&P 500 ETF Investing

Thirteen months ago, we recommended buying ProShares 3X fund UPRO based on signals of the end of the bear market. However, the strong buy signals of last year are fading as we enter 2024, suggesting reducing leverage by selling UPRO and buying SPY. The caution of reducing leverage is advised as both sentiment swings towards "too many bulls" and buying activity in UPRO declines.

UPRO: It's Time To Delever Stocks As We Begin 2024

The ProShares UltraPro S&P500 ETF aims to deliver 3x the one-day returns on the S&P 500 Index. Levered ETFs like UPRO have positive convexity and volatility decay, causing them to deviate significantly from their underlying indices over time. Nimble traders can take advantage of positive convexity and use levered ETFs as swing trading instruments.

UPRO: Can One Stomach The Volatility

While the S&P 500 may gain in 2024 due to cooling in inflation, a less-hawkish Fed, AI investing momentum, a tech rally and an improvement in the corporate earnings, presidential election can cause uncertainty in the market.

What Lies Ahead of S&P 500 ETFs in 2024?

RBC Capital Markets is expecting the S&P 500 to reach a historic high in the year 2024. But JPMorgan says S&P 500 will fall next year due to challenging macro backdrop.

Can S&P 500 Jump to 5000 in 2024? ETFs in Focus

SPDR Portfolio S&P 500 ETF

The S&P 500 went into a new bullish trend in early November, with the SPDR S&P 500 ETF Trust NYSEARCA: SPY gapping up twice since its follow-through day on November 1. The index is up 7.73% in November.

S&P 500's Whirlwind: Big gains, warning whispers & tactical moves

ProShares UltraPro S&P500 ETF has experienced a bearish trend, losing 17.92% in the last month. The market correction in September 2023 and a bleak market outlook have contributed to UPRO's downward pressure. The leveraged ETF market faces headwinds such as high inflation, rising interest rates, and the reduction of the Federal Reserve's stimulus.

UPRO: Wait For Support Retest And Resilience Test

US equity markets remain near all-time highs despite mounting valuation and interest rate headwinds. Short interest in the SPDR® S&P 500 ETF Trust has fallen to its lowest level in decades, indicating widespread complacency.

SPY: The Calm Before The Storm

Leveraged ETFs, such as UPRO and SPXL, are potentially valuable tools for portfolio construction, offering the ability to multiply daily S&P 500 gains by 3. The alphas of these funds fluctuate over time, closely tracking interest rates, due to borrowing used to generate leverage. High interest rates can cause a major drag on leveraged ETFs, e.g. 10x the magnitude of their expense ratios in 2023.

SPXL And UPRO: Interest Rate-Dependent Drag On Leveraged ETFs

ProShares offers the popular UltraPro 3x S&P 500 leveraged ETF. Stock market concentration has been beneficial for leveraged ETF performance over the past 10–15 years. As risk adjusted metrics for funds like UPRO indicate, investors should exercise particular caution.

UPRO ETF: Leveraged ETFs Performance And Outlook

History says the S&P 500 index could soar 10.9% in the second half of the year. Warren Buffett believes most investors would benefit from periodically purchasing an S&P 500 index fund.

History Says the S&P 500 Could Soar in the Second Half of 2023 -- Take Warren Buffett's Investing Advice

The S&P 500 has risen on the final day of trading before the holiday in 67 of the last 95 years, according to Dow Jones Market Data.

The S&P 500 Could Jump Ahead of the Fourth of July. Here's Why.

ProShares UltraShort S&P500

ProShares Short S&P500

Direxion Daily S&P 500 Bear 1X Shares

Direxion Daily S&P 500 Bull 2x Shares

Direxion Daily S&P 500 Bear 3x Shares

ProShares UltraPro Short S&P500

While the S&P500 is heading toward a bull market, following a 19.7% rally from the October 2022 lows, traders have raised their bearish bets on the index.

S&P 500 in Tug of War Between Bulls and Bears: ETFs in Play

Though the latest Wall Street rally in narrow in nature, a run of strong economic data, such as an upbeat labor market, easing inflation, steady interest rates, and decent personal income, create a positive backdrop.

Will S&P 500 ETFs to Slump Ahead Except the Super Seven?

By Jeremy Schwartz, CFA Global Chief Investment Officer Follow Jeremy Schwartz @JeremyDSchwartz There is an important factor impacting the earnings of S&P 500 companies that also carries implications for potential diversification when investing abroad. Many believe a good reason to invest outside the U.S. is to obtain foreign currency exposure as an attractive diversifier.

A Surprise Influence in S&P 500 Earnings? The Dollar

Invesco S&P 500 Equal Weight ETF

Invesco ESG S&P 500 R Equal Weight ETF

Bank of America recently raised its 2023 price target for the S&P 500 to 4,300 and to 4,600 in a bullish case scenario.

Is a Further 10% Rally in S&P 500 ETFs Possible?

Stock futures on Friday point to Wall Street snapping a four-day losing streak, helped by strength in Apple shares after the tech giant's results — though doubtless the nonfarm payrolls report will have something to say about this.

The S&P 500 will not break above its range soon, says Goldman Sachs. Here are 6 reasons why.

The last time it was above 4200 was in August. Since then, the index has seen brief rallies toward that level, only to see sellers come in to knock it lower.

The S&P 500 Is Flirting With 4200, Again. How to Know If This Rally Is Real.

Direxion Daily Financial Bull 3x Shares

Bank of Montreal - MicroSectors U.S. Big Oil Index 3X Leveraged ETNs

ProShares Ultra QQQ

Direxion Daily Semiconductor Bull 3x Shares

Direxion Daily Technology Bull 3x Shares

Direxion Daily Small Cap Bull 3x Shares

ProShares UltraPro QQQ

The space remains incredibly popular for investors looking to mint money in a very short period of time, provided the trend remains a friend.

Guide to the 10 Most Popular Leveraged ETFs

The nature of the COVID-19 reported by Powell. The movements of Monthly S&P 500 Index.

The Pandemic Recession: Is It A Right Call?

At the moment, investor activity in UPRO is not telling us much about what investors think about market direction. The last indication occurred at the October bottom when there was measurable cash flow into the fund.

UPRO: Investor Activity Neutral But Sentiment Still Says Higher

ProShares Short QQQ

ProShares UltraPro Short QQQ

The S&P 500 has declined massively this year. What lies ahead of the S&P 500 in 2023?

How S&P 500 ETFs Fared in 2022; What's Waiting for 2023?

Leverage can be the road to riches or the road to the poor house. Retail leveraged products, fully understood, can be the way to accumulate wealth over time under the right market conditions.

Building Wealth Through Leveraged ETFs - And Avoiding Ruin On The Way There

With a few exceptions, UPRO has consistently produced an average daily return of 3X the S&P 500, both up and down. Long term, and at great risk, it has produced since 2010 an average return of 2.06X the annual return of the S&P 500 - 26.4% versus 12.6%.

The ProShares UltraPro S&P500 Still Positive After 2 Years And 2 Bear Markets

History suggests that the S&P 500 gives best returns following U.S. midterms. The S&P 500 has an eight-decade record of rising in the one-year period after midterm elections.

News for ProShares UltraPro S&P500 ETF (UPRO)