v3.26.1
Investment Objectives and Goals - ProShares Ultra SpaceX
May 31, 2026
Prospectus [Line Items]  
Risk/Return [Heading] <span style="color:#000000;font-family:Arial Narrow;font-size:11pt;font-weight:bold;">Important Information About the Fund</span><span style="font-family:Arial;font-size:10pt;margin-left:0%;">If the Fund is successful in meeting its investment objective, it should gain approximately two times as much as </span><span style="font-family:Arial;font-size:10pt;">SPCX </span><span style="font-family:Arial;font-size:10pt;margin-left:0%;">when SPCX</span><span style="font-family:Arial;font-size:10pt;"> rises on a given day. Conversely, it should lose </span><span style="font-family:Arial;font-size:10pt;margin-left:0%;">approximately two times as much as </span><span style="font-family:Arial;font-size:10pt;">SPCX when SPCX falls </span><span style="font-family:Arial;font-size:10pt;margin-left:0%;">on a given day. </span><span style="font-family:Arial;font-size:10pt;font-weight:bold;">The Fund does not seek to achieve two times </span><span style="font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0%;">(2x) the daily performance of </span><span style="font-family:Arial;font-size:10pt;font-weight:bold;">SPCX (the “Daily Target”) for </span><span style="font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0%;">any period other than a day.</span><span style="font-family:Arial;font-size:10pt;"> On the day SPCX commences its </span><span style="font-family:Arial;font-size:10pt;margin-left:0%;">initial public offering (“IPO”), the starting price of SPCX for purposes of calculating the daily performance is expected to </span><span style="font-family:Arial;font-size:10pt;">be the initial public offering price of SPCX.</span><span style="color:#000000;font-family:Arial;font-size:10pt;margin-left:0%;">While the Fund has a daily investment objective, you may hold Fund shares for longer than one day if you believe doing so is consistent with your goals and risk tolerance. </span><span style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;">If you hold </span><span style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0%;">fund shares for any period other than a day, it is important </span><span style="color:#000000;font-family:Arial;font-size:10pt;font-weight:bold;">for you to understand that over your holding period: </span><span style="color:#000000;font-family:Arial;font-size:10pt;margin-left:-4.19%;">●</span><span style="color:#000000;font-family:Arial;font-size:10pt;margin-left:6pt;">Your return may be higher or lower than the Daily Target, </span><span style="color:#000000;font-family:Arial;font-size:10pt;">and this difference may be significant. </span><span style="font-family:Arial;font-size:10pt;margin-left:-4.19%;">●</span><span style="font-family:Arial;font-size:10pt;margin-left:6pt;">Factors that contribute to returns that are worse than the </span><span style="font-family:Arial;font-size:10pt;">Daily Target include smaller SPCX gains or losses and higher SPCX volatility, as well as longer holding periods when these factors apply. </span><span style="font-family:Arial;font-size:10pt;margin-left:-4.19%;">●</span><span style="font-family:Arial;font-size:10pt;margin-left:6pt;">Factors that contribute to returns that are better than the </span><span style="font-family:Arial;font-size:10pt;">Daily Target include larger SPCX gains or losses and lower SPCX volatility, as well as longer holding periods when these factors apply. </span><span style="color:#000000;font-family:Arial;font-size:10pt;margin-left:-4.19%;">●</span><span style="color:#000000;font-family:Arial;font-size:10pt;margin-left:6pt;">The more extreme these factors are, and the more they </span><span style="color:#000000;font-family:Arial;font-size:10pt;">occur together, the more your return will tend to deviate from the Daily Target.</span>
Objective [Heading] <span style="color:#000000;font-family:Arial Narrow;font-size:11pt;font-weight:bold;">Investment Objective</span>
Objective, Primary [Text Block] ProShares Ultra SpaceX (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of Class A common stock of Space Exploration Technologies Corp. (NASDAQ: SPCX).