ULE vs MAKX

Comparison between ProShares Ultra Euro 2x Shares (ULE, ETF) and PROSHARES S&P KENSHO SMART FACTORIES ETF (MAKX, ETF).

5-Year PerformanceMAKX has outperformed ULE, delivering a return of +13.2% compared to -3.2%

ULE vs MAKX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ULE(ETF)	MAKX(ETF)
Net Assets	$5.20M	$5.30M
Expense Ratio	N/A	0.58%
Max Drawdown	72.74%	40.39%
Sharpe Ratio	-0.44	1.67
5Y Beta	-0.01	1.41
P/E Ratio	N/A	57.73
Forward P/E	N/A	24.71
PEG Ratio	N/A	0.99
5Y EPS CAGR	N/A	7.33%
Debt to Equity	N/A	33.05%
P/S Ratio	N/A	0.01
P/B Ratio	N/A	3.18

Net Assets

ULE

$5.20M

Winner

MAKX

$5.30M

Expense Ratio

ULE

N/A

MAKX

0.58%

Max Drawdown

ULE

72.74%

Winner

MAKX

40.39%

Sharpe Ratio

ULE

-0.44

Winner

MAKX

1.67

5Y Beta

Winner

ULE

-0.01

MAKX

1.41

P/E Ratio

ULE

N/A

MAKX

57.73

Forward P/E

ULE

N/A

MAKX

24.71

PEG Ratio

ULE

N/A

MAKX

0.99

5Y EPS CAGR

ULE

N/A

MAKX

7.33%

Debt to Equity

ULE

N/A

MAKX

33.05%

P/S Ratio

ULE

N/A

MAKX

0.01

P/B Ratio

ULE

N/A

MAKX

3.18

ULE vs MAKX - Historical Returns

Returns include dividend reinvestment.

Period	ULE	MAKX
1 month	-2.58%	+8.35%
3 months	-0.99%	+32.87%
6 months	-4.74%	+42.20%
1 year	-1.53%	+66.25%
5 years(CAGR)	-3.21%	+13.21%
10 years(CAGR)	-2.64%	N/A
Max(CAGR)	-3.93%	+13.21%

ULE

-2.58%

Winner

MAKX

+8.35%

ULE

-0.99%

Winner

MAKX

+32.87%

ULE

-4.74%

Winner

MAKX

+42.20%

ULE

-1.53%

Winner

MAKX

+66.25%

5Y(CAGR)

ULE

-3.21%

Winner

MAKX

+13.21%

10Y(CAGR)

ULE

-2.64%

MAKX

N/A

Max(CAGR)

ULE

-3.93%

Winner

MAKX

+13.21%

ULE vs MAKX - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	ULE	MAKX
2026	-4.14%	+38.14%
2025	+28.29%	+21.91%
2024	-9.71%	+11.14%
2023	+7.98%	+25.80%
2022	-14.22%	-26.81%
2021	-15.98%	+3.91%
2020	+15.45%	N/A
2019	-6.88%	N/A
2018	-14.24%	N/A
2017	+24.45%	N/A
2016	-8.51%	N/A
2015	-20.91%	N/A
2014	-22.69%	N/A
2013	+7.34%	N/A
2012	+0.21%	N/A
2011	-7.08%	N/A
2010	-15.52%	N/A
2009	+3.39%	N/A
2008	+16.33%	N/A

ULE vs MAKX Drawdown Comparison

The maximum drawdown for ULE was -72.74%, occurring on Sep 27, 2022. This drawdown has not yet recovered.

The maximum drawdown for MAKX was -40.27%, occurring on Oct 14, 2022. Recovery took 908 trading sessions.

The current ULE drawdown is -62.80%. The current MAKX drawdown is -5.57%.

Rank	ULE	MAKX
#1	-72.74% Nov 25, 2009 - Sep 27, 2022	-40.27% Nov 8, 2021 - Jun 24, 2025
#2	-24.68% Dec 17, 2008 - Sep 9, 2009	-16.05% Oct 27, 2025 - Jan 22, 2026
#3	-5.72% Nov 25, 2008 - Dec 10, 2008	-13.57% Feb 13, 2026 - Apr 13, 2026
#4	-4.46% Oct 22, 2009 - Nov 25, 2009	-11.50% Jun 2, 2026 - Jun 10, 2026
#5	-3.68% Sep 22, 2009 - Oct 13, 2009	-7.92% Oct 6, 2025 - Oct 15, 2025
#6	-0.96% Sep 17, 2009 - Sep 22, 2009	-7.02% Jan 22, 2026 - Feb 13, 2026
#7	-0.37% Oct 15, 2009 - Oct 19, 2009	-6.80% May 14, 2026 - May 22, 2026
#8	-0.18% Oct 19, 2009 - Oct 21, 2009	-5.51% Jul 18, 2025 - Aug 12, 2025
#9	-0.06% Sep 10, 2009 - Sep 14, 2009	-5.36% Aug 13, 2025 - Sep 18, 2025
#10	N/A	-4.68% Sep 22, 2025 - Oct 6, 2025
#11	N/A	-3.99% Oct 15, 2025 - Oct 24, 2025
#12	N/A	-2.83% May 6, 2026 - May 13, 2026
#13	N/A	-2.29% Oct 1, 2021 - Oct 7, 2021
#14	N/A	-2.01% May 26, 2026 - Jun 1, 2026
#15	N/A	-1.92% Oct 25, 2021 - Oct 29, 2021