ETF Evaluator:
ProShares Pet Care ETF ()
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(as of Aug 26)
Best Performing in Miscellaneous Sector Over the Last Year
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Risk
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Risk
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ETF Details
ProShares Pet Care ETF Overview
ProShares Pet Care ETF (PAWZ) is a passively managed Sector Equity Miscellaneous Sector exchange-traded fund (ETF). ProShares launched the ETF in 2018.
The investment seeks investment results, before fees and expenses, that track the performance of the FactSet Pet Care Index (the "index").
The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the index. The index is designed to measure the performance of companies that stand to benefit from interest in or resources spent on pet ownership. Under normal circumstances, it will invest at least 80% of its total assets in components of the index or in instruments with similar economic characteristics. The fund is non-diversified.
About ProShares Pet Care ETF (PAWZ)
There are 2 members of the management team with an average tenure of 4.67 years: Alexander Ilyasov (2020) and Eric Silverthorne (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P Global 1200 TR index with a weighting of 100% and FactSet Pet Care USD index with a weighting of 100%. ProShares Pet Care ETF has 36 securities in its portfolio. The top 10 holdings constitute 70.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
ProShares Pet Care ETF is part of the Equity global asset class and is within the Sector Equity ETF group. ProShares Pet Care ETF has 34.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 65.8% There is 34.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). ProShares Pet Care ETF has 0.2% of the portfolio in cash.
Assets Under Management
The fund has $32 million in total assets, which is below the $294 million average for the Miscellaneous Sector category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
PAWZ Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The ProShares Pet Care ETF expense ratio is average compared to funds in the Miscellaneous Sector category. ProShares Pet Care ETF has an expense ratio of 0.50%, which is 31% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. ProShares Pet Care ETF has a portfolio turnover rate of 58%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 45% for the Miscellaneous Sector category.
Recently, in the month of July 2026, ProShares Pet Care ETF returned 5.5%, which earned it a grade of A, as the Miscellaneous Sector category had an average return of -8.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
ProShares Pet Care ETF has a trailing yield of 0.69%, which is below the 1.09% category average.
The fund normally distributes its income quarterly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
ProShares Pet Care ETF Grades
Year to date, the ETF has returned -7.3%, 11.7 percentage points worse than the category, which translates into a grade of D. The fund has returned -7.7% over the past year (grade of F), -0.7% over the past three years (grade of D) and -8.8% per year over the past five years (grade of D).
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PAWZ Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PAWZ Return (NAV) | 5.5% | -2.8% | -7.7% | -0.7% | -8.8% | na |
| PAWZ Return (Price) | 5.2% | -2.8% | -7.7% | -0.7% | -8.9% | na |
| NAV +/- Price Return | 0.312% | 0.011% | 0.045% | 0.016% | 0.047% | na |
| Miscellaneous Sector Avg | -8.1% | -9.7% | 26.9% | 3.5% | -9.1% | 5.3% |
| PAWZ Grade (NAV) | A | B | F | D | D | na |
| +/- Category (NAV) | 13.6% | 6.9% | -34.6% | -4.2% | 0.2% | na |
| PAWZ Tax-Cost Ratio | na | na | 0.2% | 0.2% | 0.2% | na |
PAWZ Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PAWZ Return (NAV) | -7.3% | 0.9% | 4.2% | 12.6% | -40.1% | 10.8% | 61.4% | 22.8% | na | na | na |
| PAWZ Return (Price) | -7.4% | 1.2% | 3.9% | 12.5% | -40.1% | 10.5% | 61.7% | 22.9% | na | na | na |
| NAV +/- Price Ret | 0.008% | 0.390% | -0.066% | -0.010% | -0.002% | -0.033% | 0.005% | 0.8% | na | na | na |
| Miscellaneous Sector Avg | 4.4% | 30.9% | -12.7% | -3.8% | -34.7% | 9.9% | 62.0% | 25.7% | -13.2% | 27.3% | 0.5% |
| PAWZ Grade (NAV) | D | F | B | B | D | B | B | D | na | na | na |
| +/- Category | -11.7% | -30.0% | 16.9% | 16.4% | -5.4% | 0.9% | -0.7% | -2.9% | na | na | na |
| Risk Measures | |
| Beta: | 1.03 |
| R-Squared: | 38% |
| Standard Deviation: | 21.2% |
| Category Risk Index: | 0.55 |
| Category Risk Rating: | Low |
| Total Risk Index: | 1.73 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 0.7% |
| Total Assets: | $ 33 Mil |
| Share Class Assets: | $ 33 Mil |
| Turnover: | 58.0% |
| Expense Ratio: | 0.50% |
| Index Fund: | Yes |
| Index Tracked: | S&P Global 1200 TR |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 6.0 years | |||
| Average Tenure: 4.7 years | |||
| Managers (Year): Ilyasov Alexander (2020), Silverthorne Eric (2023) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 36 |
| % in Top 10 Holdings: | 70.5% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 34.0% |
Portfolio Allocation |
|
| Domestic Stock: | 65.8% |
| Foreign Stock: | 34.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | ProShares |
| Phone Number: | 866-776-5125 |
| Website: | www.proshares.com |
| Inception Date: | November 5, 2018 |
Expenses and Fees
| Expense Ratio (%): | 0.50% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.73% |
