SDSProShares UltraShort S&P500
Seeks daily investment results that correspond to two times the inverse of the daily performance of the S&P 500 Index.
By ProShares · Launched 2006
0.91%
#4,563 of 5,562 · expensive
$433M
#1,686 of 5,562 · large
-33.6%
19 years
#344 of 5,562 · established
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 154.7% 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 that correspond to two times the inverse of the daily performance of the S&P 500 Index.
- Strategy
- Invests primarily in derivatives, including swap agreements and futures contracts, to achieve inverse leveraged exposure to the S&P 500 Index. The Fund aims to rebalance daily to maintain its target exposure, regardless of market conditions.
- Inception date
- July 11, 2006
- 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