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SBBProShares Short SmallCap600

Take a bet19y track recordRanked #578 of 775 in this goal

Seeks daily investment results that correspond to the inverse (-1x) of the daily performance of the S&P SmallCap 600 Index.

By ProShares · Launched 2007

Annual Cost

0.95%

#4,684 of 5,562 · expensive

Fund Size

$4M

#5,181 of 5,562 · small

Return (1Y)Goal

-24.4%

Track Record

19 years

#410 of 5,562 · established

Performance

Total-return NAV · USD
Growth of $10,000
$7,816-21.8%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Strategy

Inverse

Index tracked

S&P SmallCap 600 Index

What it actually holds

By weight

Concentration

Top 10 holdings = 94.0% of fundconcentrated

Repurchase Agreement
28.5%
Repurchase Agreement
19.8%
Repurchase Agreement
17.3%
Repurchase Agreement
6.9%
Repurchase Agreement
6.9%
Repurchase Agreement
5.2%
Repurchase Agreement
5.2%
Repurchase Agreement
3.4%
Repurchase Agreement
1.7%
N/A
-0.8%

Asset allocation

Other
100.0%
Cash
100.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
18.0%Moderate

Year-on-year price swings

Max drawdown
-73.5%Severe

Worst peak-to-trough loss

Sharpe (3Y)
-0.57Below average
Sortino (3Y)
-0.76Moderate downside risk

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results that correspond to the inverse (-1x) of the daily performance of the S&P SmallCap 600 Index.
Strategy
Invests primarily in financial instruments to achieve inverse exposure to the S&P SmallCap 600 Index. Uses derivatives and money market instruments, rebalancing daily to maintain consistent inverse exposure.
Inception date
January 23, 2007
Fund family
ProShares

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Inverse
Warning

Inverse ETF — daily tool only

Delivers the inverse of the benchmark's daily return. The compounding path makes multi-day holding unpredictable even when the benchmark's total move goes your way. Legitimate as a one-day hedge; dangerous as a view.

Source: Cheng & Madhavan (2009)

Why we flagged this: strategy=inverse + inverse_name_or_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19