ProShares UltraPro S&P500
$147.22
-6.6%
Sep 19, 2026
D
WeakGraded against UPRO's own history at this drawdown — not the market's.
What it means: UPRO's own history does not strongly favor buying at this level yet.
What to do: Consider watching and waiting for a deeper dip or a higher grade.
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index is designed to measure the performance of 500 of the largest companies listed and domiciled in the U.S. Under normal circumstances, the fund will obtain leveraged exposure to at least 80% of its total assets in components of the index or in instruments with similar economic characteristics. The fund is non-diversified.
Three plain-English paragraphs — current state, historical base rate, and interpretation — so you walk away with context, not a dashboard.
In plain terms: UPRO is 6.6% below its highest-ever price. Dipsern checks every past time it was this far down and grades how the next 90 days usually went.
As of the latest market close, ProShares UltraPro S&P500 (UPRO) is trading in a shallow pullback, 6.6% below its all-time high at $147.22. A move of this size is statistically unremarkable. It's the kind of pullback that bounces fast or extends into a deeper correction; the next leg is what matters.
Across all available history, UPRO has spent enough trading days in the 10%-to-5% drawdown band to build a large sample (603 observations). Dipsern segments these by drawdown depth and computes the rolling median forward 90-day return — that median is the primary signal you see in the full app, and it's substantially more robust than mean-based forecasts because it ignores fat-tail outliers in both directions.
ETFs aggregate constituent behavior, so their drawdowns tend to be shallower but more persistent than single stocks. The median forward return at a given drawdown level for an ETF is usually a more stable signal than for an individual equity. This drawdown band tends to mean-revert quickly. The Dipsern win rate here is informative — if it's well above 50%, momentum traders treat these dips as buy-the-pullback setups.
Five tickers closest to UPRO's distance from all-time high. Same category, one tap away.
Dipsern segments the full drawdown range into 20 equal-width bands. The table shows the number of confirmed historical observations in each band for UPRO. Median forward returns, win rates, and prediction errors are available in the full analysis.
We segment 40+ years of UPRO's price history into 20 equal-width drawdown bands and compute forward median returns, win rates, and prediction error per band. No look-ahead bias. Pure NumPy. Open math, gated numbers.
Years of history
40+
Drawdown bands
20
Look-ahead bias
None
Data sources
4
See the Dipsern grade, median returns, win rates, prediction accuracy, 8 interactive charts, historical price paths, and a plain-English verdict for UPRO.
Dipsern is research and a second opinion — not a broker. You'd buy UPRO at your own broker.
Analyze UPRO FreeNo credit card required · 5 free analyses per month
Signal computed Sep 19, 2026 using default parameters (90-day return period, 20 segments, 0.95 decay). Data sourced from Yahoo Finance, Binance, CoinGecko, and Steam Market.