See what your fund actually adds
ProShares Ultra Palladium K-1 Free ETF UPAL
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | UPAL | Replication |
|---|---|---|
| Annualized growth | -78.9% | -7.1% |
| Annualized volatility | 62.6% | 31.4% |
| Sharpe ratio | -2.14 | -0.09 |
| Maximum drawdown | 52.2% | 21.1% |
| Replication fit (R²) | 0.41 · Tracking error 48.0% | |
Replication portfolio
The published portfolio below is the investable basket used to model UPAL’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| IBIT | Alternatives · Bitcoin | 42.4% |
| SLV | Alternatives · Silver | 33.0% |
| VSS | Intl · Small Cap | 24.7% |