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Beacon

SCCProShares UltraShort Consumer Discretionary

Take a bet19y track recordRanked #430 of 775 in this goal

Seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the S&P Consumer Discretionary Select Sector Index.

By ProShares · Launched 2007

Annual Cost

0.95%

#4,684 of 5,562 · expensive

Fund Size

$6M

#4,984 of 5,562 · small

Return (1Y)Goal

-20.3%

Track Record

19 years

#427 of 5,562 · established

Performance

Total-return NAV · USD
Growth of $10,000
$8,217-17.8%

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

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Inverse

Sector

Consumer discretionary

Index tracked

S&P Consumer Discretionary Select Sector Index

What it actually holds

By weight

Concentration

Top 10 holdings = 90.3% of fundconcentrated

Repurchase Agreement
27.0%
Repurchase Agreement
18.8%
Repurchase Agreement
16.3%
Repurchase Agreement
6.5%
Repurchase Agreement
6.5%
Repurchase Agreement
4.9%
Repurchase Agreement
4.9%
Repurchase Agreement
3.2%
Repurchase Agreement
1.6%
N/A
0.6%

Asset allocation

Cash
199.9%
Other
100.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
36.9%High

Year-on-year price swings

Max drawdown
-95.5%Severe

Worst peak-to-trough loss

Sharpe (3Y)
-0.51Below average
Sortino (3Y)
-0.70Moderate downside risk

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the S&P Consumer Discretionary Select Sector Index.
Strategy
Daily-reset -2x inverse exposure to U.S. large-cap consumer discretionary stocks in the S&P Consumer Discretionary Select Sector Index, obtained primarily via index swap agreements with major dealer counterparties. Designed for short-term trading; daily compounding causes returns over periods longer than one day to diverge materially from -2x the underlying index return.
Inception date
January 30, 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