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Beacon

SBBProShares Short SmallCap600

Take a bet19y track recordRanked #648 of 949 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%

#4,882 of 5,861 · expensive

Fund Size

$3M

#5,352 of 5,861 · small

Return (1Y)Goal

-21.6%

Track Record

19 years

#403 of 5,861 · established

Performance

Total-return NAV · USD
Growth of $10,000
$7,959-20.4%

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

What's inside

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Inverse

Index tracked

S&P SmallCap 600 Index

What it actually holds

By weight

Concentration

synthetic exposure — holdings shown are derivatives collateral, not the fund's positions

Repurchase Agreement
30.0%
Repurchase Agreement
14.9%
Repurchase Agreement
14.9%
Repurchase Agreement
8.9%
Repurchase Agreement
8.9%
Repurchase Agreement
7.4%
Repurchase Agreement
6.0%
Repurchase Agreement
6.0%
Repurchase Agreement
3.0%
N/A
-0.4%

Asset allocation

Other
100.0%
Cash
100.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
17.7%Moderate

Year-on-year price swings

Max drawdown
-73.2%Severe

Worst peak-to-trough loss

Sharpe (3Y)
-0.52Below average
Sortino (3Y)
-0.70Moderate downside risk

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 in financial instruments to achieve inverse exposure to small-cap companies listed in the U.S., targeting daily results that correspond to -1x the S&P SmallCap 600 Index. The Fund uses derivatives, including swap agreements, to maintain this exposure and rebalances daily to align with the Daily Target.
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

You can be right and still lose

This fund returns the opposite of its benchmark's daily move, then resets. Hold it longer and the daily compounding takes over: the market can move your way over a week and you still finish down. It works as a one-day hedge and nothing beyond that.

Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

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 2026-08-04