SKYU ETF — Holdings & Analysis

ProShares Ultra Nasdaq Cloud Computing (SKYU) is an equity ETF seeking to provide two times (2x) the daily performance of the ISE CTA Cloud Computing Index.

With an expense ratio of 5.04%, SKYU offers leveraged exposure to a concentrated portfolio of cloud computing companies. As of 2026-03-15, SKYU's assets under management are $0.00B, reflecting its niche focus within the broader technology sector. Past performance does not guarantee future results.

ProShares - Ultra Nasdaq Cloud Computing (SKYU) ETF — Price, Holdings & Analysis

ProShares Ultra Nasdaq Cloud Computing (SKYU) is an equity ETF seeking to provide two times (2x) the daily performance of the ISE CTA Cloud Computing Index. With an expense ratio of 5.04%, SKYU offers leveraged exposure to a concentrated portfolio of cloud computing companies. As of 2026-03-15, SKYU's assets under management are $0.00B, reflecting its niche focus within the broader technology sector. Past performance does not guarantee future results.

ETF Overview

ProShares Ultra Nasdaq Cloud Computing seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the ISE CTA Cloud Computing IndexTM.

SKYU aims to deliver twice the daily performance of the ISE CTA Cloud Computing Index, targeting investors seeking amplified exposure to the cloud computing sector. This leveraged approach is designed for short-term tactical trading rather than long-term investment. The fund's strategy involves using financial instruments to achieve its 2x daily return objective, which can lead to significant fluctuations in value. SKYU's portfolio is concentrated, with top holdings including Arista Networks Inc (3.31%), Alphabet Inc Class A (3.17%), and CoreWeave Inc Ordinary Shares - Class A (2.94%). Sector allocation is heavily weighted towards Technology (85.7%), followed by Communication Services (9.7%) and Consumer Cyclical (4.0%). The fund's country exposure is primarily to the United States (67.0%).

Risk Metrics

SKYU's leveraged nature significantly amplifies both gains and losses, making it a high-risk investment. Its beta of 2.96 indicates substantially higher volatility compared to the overall market. The fund's high expense ratio of 5.04% creates a substantial drag on performance, especially detrimental over longer periods. Concentration risk is also a factor, with a limited number of holdings (66) and significant allocation to the technology sector (85.7%), making it vulnerable to sector-specific downturns. The fund's focus on cloud computing companies exposes it to risks associated with technological obsolescence, competition, and regulatory changes. Due to its leveraged structure, SKYU is not suitable for buy-and-hold investors. Past performance does not guarantee future results.

Expense Ratio

5.04%

What does SKYU hold?

Holding	Weight
Arista Networks Inc (ANET)	3.31%
Alphabet Inc Class A (GOOGL)	3.17%
CoreWeave Inc Ordinary Shares - Class A (CRWV)	2.94%
Amazon.com Inc (AMZN)	2.91%
MongoDB Inc Class A (MDB)	2.67%

How Is the Fund Allocated?

Sector	Weight
Technology	85.7%
Communication Services	9.7%
Consumer Cyclical	4.0%
Healthcare	0.6%

Country	Weight
United States	67.0%
Other	28.6%
Canada	1.7%
Israel	1.0%
Australia	0.8%
Germany	0.8%

Dividend Yield

0.00%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
State Street SPDR S&P 500 ETF (SPY) — 0.09% expense ratio

ProShares - Ultra Health Care (RXL) (Equity) — 1.07% expense ratio
ProShares - Online Retail ETF (ONLN) (Equity) — 0.58% expense ratio
ProShares - Russell U.S. Dividend Growers ETF (TMDV) (Equity) — 0.35% expense ratio
ProShares - UltraShort Yen (YCS) (Alternatives) — 0.95% expense ratio
ProShares - DJ Brookfield Global Infrastructure ETF (TOLZ) (Equity) — 0.46% expense ratio
ProShares - S&P 500 Dividend Aristocrats ETF (NOBL) (Equity) — 0.35% expense ratio

Risk Metrics

Beta: 2.96

Questions & Answers

What is SKYU and what does it track?

ProShares Ultra Nasdaq Cloud Computing (SKYU) is an exchange-traded fund designed to provide leveraged exposure to the cloud computing sector. It aims to deliver twice the daily performance of the ISE CTA Cloud Computing Index.

This index tracks companies involved in cloud computing, including those providing software-as-a-service, platform-as-a-service, infrastructure-as-a-service, and other cloud-related services.

What are the top holdings in SKYU?

As of 2026-03-15, the top holdings in ProShares Ultra Nasdaq Cloud Computing (SKYU) include Arista Networks Inc (3.31%), Alphabet Inc Class A (3.17%), and CoreWeave Inc Ordinary Shares - Class A (2.94%).

Other significant holdings include Amazon.com Inc (2.91%) and MongoDB Inc Class A (2.67%).

Is SKYU a good long-term investment?

ProShares Ultra Nasdaq Cloud Computing (SKYU) is generally not considered a suitable long-term investment due to its leveraged nature.

The fund aims to deliver twice the daily performance of the ISE CTA Cloud Computing Index, which can lead to significant fluctuations in value over time.

How does SKYU compare to similar ETFs?

SKYU stands out from other cloud computing ETFs due to its leveraged strategy, aiming for 2x daily returns. While other ETFs in this space offer direct exposure to cloud computing companies, SKYU's leverage amplifies both gains and losses.

Its expense ratio of 5.04% is considerably higher than non-leveraged cloud computing ETFs.

Does SKYU pay dividends?

As of 2026-03-15, ProShares Ultra Nasdaq Cloud Computing (SKYU) has a dividend yield of 0.00%. This indicates that the fund does not currently distribute dividends to its shareholders.

The fund's focus is on capital appreciation through leveraged exposure to the cloud computing sector, rather than generating income through dividends. Investors seeking dividend income may want to consider other ETFs with a focus on dividend-paying stocks.