1. Guide To ETF Providers: Introduction
  2. Guide To ETF Providers: Direxion
  3. Guide To ETF Providers: EG Shares
  4. Guide To ETF Providers: ETF Securities
  5. Guide To ETF Providers: Guggenheim
  6. Guide To ETF Providers: IndexIQ
  7. Guide To ETF Providers: Invesco PowerShares
  8. Guide To ETF Providers: iShares
  9. Guide To ETF Providers: ProShares
  10. Guide To ETF Providers: State Street Global Advisors
  11. Guide To ETF Providers: Van Eck
  12. Guide To ETF Providers: Vanguard
  13. Guide To ETF Providers: WisdomTree
  14. Guide To ETF Providers: Conclusion

ProShares was established in 2006 by the founders of ProFunds, a firm that was launched in 1997. ProShares is the largest manager of inverse and leveraged funds, or "geared ETFs," in the world. Each geared ETF seeks a return that is either 3X, 2X, -1X, -2X or -3X the return of an index or other benchmark for a single day (as measured from one NAV calculation to the next). The introduction of Short ProShares signified the first ETF developed to profit in response to a declining benchmark. Ultra ProShares (many leveraged ETFs are called "ultra") were the first ETFs to seek two-times the daily performance of their tracking indexes and benchmarks.

Today, ProShares offers more than 130 ProShares ETFs, with a variety of ETF families including:

  • Global Fixed income ProShares - to diversify fixed-income holdings

  • Hedge Strategies ProShares - advanced investment strategies

  • Geared ProShares - inverse and leveraged exposure to equities, fixed income, currencies and commodities

  • Inflation and Volatility ProShares - exposure to expected inflation or implied market volatility
ProShares ETFs cover numerous asset classes including commodities, currencies, fixed income (domestic and international), inflation, international, long/short, market cap, sector, style and volatility. The funds are based on popular indexes and benchmarks such as Barclays, Dow Jones, FTSE, iBoxx, MSCI, Nasdaq, Russell and Standard & Poor's.

Headquartered in Bethesda, Maryland, just outside Washington, D.C., ProShares' expense ratios range between 0.25 and 0.95%, with an average expense ratio of 0.93%.

ProShares\' top five largest funds by AUM.
Figure 8: ProShares\' top five largest funds by AUM. Information current as of Feb. 8, 2013.


Guide To ETF Providers: State Street Global Advisors

Related Articles
  1. Investing

    Top 10 Most Traded Leveraged ETFs (UVXY, SDS)

    Discover how leveraged ETFs work and why they are popular among traders. Learn about the 10 most traded leveraged ETF in the marketplace today.
  2. Investing

    REW vs. ROM: Comparing Leveraged Technology ETFs

    Explore the similarities and differences between ProShares Ultra Technology and ProShares UltraShort Technology.
  3. Investing

    UYG Vs. FAS: Comparing Leveraged Financials ETFs

    Read analyses of two leveraged financials exchange-traded funds (ETFs), and learn about the similarities and key differences between these funds.
  4. Investing

    MYY: ProShares Short MidCap400 ETF

    Discover the benefits and drawbacks of the ProShares Short MidCap400 ETF, and learn which investors are best suited for the fund's investment strategy.
  5. Investing

    CMD vs. UCD: Comparing Leveraged Commodity ETFs

    Learn about the financial profiles of two leveraged commodities ETFs, and explore what types of investors may be interested in these funds.
  6. Investing

    Leveraged ETFs: Are They Right For You?

    This specialty vehicle offers dramatic results, but can also magnify risk.
  7. Investing

    BIS vs. TQQQ: Comparing Leveraged NASDAQ ETFs

    Explore the ProShares UltraPro QQQ ETF and ProShares UltraShort NASDAQ Biotech, and learn why these funds are for short-term traders only.
  8. Investing

    The 3 Best ETFs to Short Global Equities (RWM, EUM)

    Learn about three global equity ETFs that profit from declining equity prices. Look at how these funds have performed and how they execute their strategies.
  9. Financial Advisor

    Why These 7 Leveraged ETFs Are 2015's Best (ERY, BIB)

    2015's top-performing leveraged ETFs come with significant risks. Are they right for you?
  10. Insights

    Top Four ETFs That Track The Nasdaq 100 (QQQ,TQQQ,QLD,QQEW)

    There's a Nasdaq 100 ETF for investors and traders of all stripes, from the basic Qubes, to the turbocharged ProShares Ultra and UltraPro ETFs, and the Equal Weighted ETF.
Trading Center