The ProShares Ultra Basic Materials ETF (UYM) is managed by ProShare Advisors and seeks to provide daily returns that are double (2x) the daily returns of the S&P Dow Jones Indices LLC's basic materials industry Index, tracked under the Bloomberg ticker symbol DJUSBM. UYM primarily invests in financial instruments, including equity securities of public companies in the basic materials sector, derivatives, and money market instruments with short-term maturities. This ETF employs a mathematical approach to achieve its investment objective, and it conducts daily rebalancing to maintain exposure consistent with its goals.
The ProShares Ultra Basic Materials ETF (UYM) focuses on providing investors with leveraged exposure to the basic materials sector. While UYM's primary objective is not centered on dividends, it mirrors the dividend distribution of its underlying index. Dividends typically occur periodically and are subject to the individual dividend policies and performances of the constituent companies within the ETF. Investors considering UYM may seek not only leveraged exposure to the basic materials sector but also potential dividend returns as part of their investment strategy.
The ProShares Ultra Basic Materials ETF, UYM, tracks the performance of the S&P Dow Jones Indices LLC's Index, which is designed to measure the stock performance of U.S. companies in the basic materials industry. This sector includes companies involved in aluminum production, steel manufacturing, non-ferrous metals, commodity and specialty chemicals, forest and paper products, as well as the mining of precious metals and coal. UYM employs financial instruments such as equity securities, derivatives (including swap agreements), and money market instruments to seek daily returns that are leveraged (2x) to the daily returns of the Index. Daily rebalancing and compounding of returns over time can cause UYM's performance to differ from twice the Index's return over a longer period, and the Fund can lose money regardless of the Index's performance due to various factors, including volatility and daily rebalancing. Please refer to the Fund's Prospectus for more information on its investment objectives, strategies, and risks.
The correlation aspect of the ProShares Ultra Basic Materials ETF (UYM) is crucial for investors looking to understand its behavior in relation to the basic materials industry. As UYM seeks to provide double the daily return of the Dow Jones U.S. Basic Materials Index, its correlation with the index is expected to be highly positive. This strong correlation makes UYM a valuable tool for investors seeking leveraged exposure to the basic materials sector, whether for short-term trading or as a tactical allocation within their portfolios. To explore UYM's correlations with other assets and sectors, investors can utilize the ETF insider web app, which
The UYM ETF, or ProShares Ultra Basic Materials ETF, focuses on the basic materials sector in the United States. This ETF is designed to provide double the daily returns of the S&P Dow Jones U.S. Basic Materials Index, which consists of companies involved in the production of aluminum, steel, non-ferrous metals, commodity chemicals, specialty chemicals, forest products, paper products, as well as the mining of precious metals and coal. By investing in UYM, investors can gain amplified exposure to the performance of these companies, allowing them to potentially capitalize on the growth and volatility of the basic materials industry. However, it's important to note that the use of leverage in this ETF can lead to increased risk and greater potential for losses, especially over longer periods.
The exposure characteristic of the ProShares Ultra Basic Materials ETF (UYM) is geared towards providing leveraged daily returns that correspond to twice the performance of the Dow Jones U.S. Basic Materials Index. This ETF primarily invests in equity securities of U.S. companies operating in the basic materials industry, including those involved in aluminum, steel, non-ferrous metals, commodity chemicals, specialty chemicals, forest products, paper products, as well as precious metals and coal mining. Investors in UYM have the opportunity to amplify their exposure to the basic materials sector, potentially benefiting from price movements within this industry.
ETF Insider is a data-driven portfolio analytics and optimization platform that introduces a more efficient and practical way to visualize, analyze and optimize portfolios.
Rather than focusing on the surface-level attributes of ETFs and Mutual Funds, ETF Insider goes deeper by examining the underlying holdings of exchange traded products.
By organizing and structuring that data, investors can easily navigate within their overlapping layers.
This innovative perspective combined with modern data visualization and modeling tools, provides an entirely new approach to portfolio optimization that can quickly expose both portfolio inefficiencies and opportunities.
4 min readSPXS VS NUGT are specialized investment funds that focus on a diverse range of sectors in the financial market. these exchange-traded funds offer investors exposure to various industries and companies, presenting potential growth opportunities and risks. it's essential to understand the underlying assets and strategies of these etfs before considering an investment.
4 min readCompare the VTV and IVE ETFs with our thorough analysis. Dive into the performance metrics, underlying assets, and investment strategies to see how they stack up against each other. Whether you're a seasoned investor or just getting started, our comparison provides valuable insights to guide your investment decisions.
5 min readThe UYM ETF is a specialized investment fund that focuses on a specific sector. This exchange-traded fund offers investors exposure to a range of companies in this sector.
ETF Insider is a novel portfolio optimization tool that uses the power of data visualization to gain insight into portfolio compositions, concentration risks, portfolio efficiency and more. Complex financial data can be transformed into visually appealing and easily digestible graphs and charts, allowing investors to quickly identify trends and make well-informed investment decisions. Not only does this save time, but it also increases the accuracy and effectiveness of portfolio management.
