What this ETF is trying to do

EET is the ticker symbol for the PROSHARES ULTRA MSCI EMERGING MARKETS ETF. This is a leveraged ETF.

What the numbers show

The current price of one share is $112.86. An estimated price from roughly one year ago was $79.78.

When looking at how an ETF performs, it is important to understand that "price return" and "total return" are different things. Price return only measures how much the share price itself changed. Total return is a more complete measure because it includes both the share-price change and any cash distributions paid out to investors.

According to the data:

• One-year price return: approximately 41.47%

• One-year total return: approximately 44.10%

• Year-to-date (YTD) price return: approximately 39.97%

• Year-to-date (YTD) total return: approximately 41.65%

• Three-year price return: approximately 152.47%

• Three-year total return: approximately 172.56%

Income and distribution explanation

This ETF provides cash distributions to investors. The distribution yield is approximately 1.55%. This number describes the amount of cash paid out relative to the current price of the ETF. It is important to remember that a distribution yield is not the same as a total return.

In the last 12 months, there were 4 payouts. These distributions usually happen on a quarterly basis (every three months).

NAV erosion explanation

"NAV erosion" refers to a decline in the value of the fund's underlying assets. StockValueFinder uses an "erosion-risk score" to help measure this risk. For EET, the erosion-risk score is 100, and the label states "No price erosion detected." There is no severe erosion-risk flag for this ETF.

Pros

• The ETF has shown very high total returns over the last three years.

• No price erosion has been detected based on the current erosion-risk measurements.

Cons

• This is a leveraged ETF.

• No top holdings were supplied in this report to show exactly which companies the fund invests in.

Beginner takeaway

EET has experienced significant growth in both its share price and its total return over the last three years. While it pays out regular cash distributions, new investors should always distinguish between simple price changes and the total return that includes those payments.