One area of strength is the firm’s favorable fees for open-end and exchange-traded funds, demonstrating a firm-wide commitment to minimizing costs and maximizing investors’ returns. Fees for funds are, on average, within the lowest quintile of similarly distributed strategies. Experienced longest-tenured management is a core advantage that ProShares has over peer firms. With 10 years of average asset-weighted tenure across the group, it is clear that they've been put through their paces. ProShares has had high portfolio management turnover over the past five years compared with peers, detracting from its rating, as long-term stability tends to go together with positive results.
Worst-Performing Stock ETFs for the Month
ARK Innovation ETF and ProShares S&P MidCap 400 Dividend Aristocrats ETF were among the worst-performing ETFs in May 2024.