SDPProShares UltraShort Utilities
Seeks daily investment results of -200% of the daily performance of the S&P Utilities Select Sector Index.
By ProShares · Launched 2007
0.95%
#4,684 of 5,562 · expensive
$4M
#5,129 of 5,562 · small
-18.0%
19 years
#427 of 5,562 · established
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundAsset class
EquityRegion
North americaStrategy
Inverse
Sector
UtilitiesIndex tracked
S&P Utilities Select Sector Index
What it actually holds
By weightConcentration
Top 10 holdings = 86.8% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Where to buy
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks daily investment results of -200% of the daily performance of the S&P Utilities Select Sector Index.
- Strategy
- Invests primarily in financial instruments to achieve inverse leveraged exposure to the Index. Uses derivatives like swap agreements and may hold money market instruments for cash balances. The Fund rebalances daily to maintain its target exposure.
- Inception date
- January 30, 2007
- Fund family
- ProShares
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
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