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Beacon

SEFProShares Short Financials

Take a bet18y track recordRanked #406 of 775 in this goal

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

By ProShares · Launched 2008

Annual Cost

0.95%

#4,684 of 5,562 · expensive

Fund Size

$15M

#4,524 of 5,562 · small

Return (1Y)Goal

-3.1%

Track Record

18 years

#603 of 5,562 · established

Performance

Total-return NAV · USD
Growth of $10,000
$9,725-2.7%

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

Financials

Index tracked

S&P Financial Select Sector Index

What it actually holds

By weight

Concentration

Top 10 holdings = 102.1% of fundconcentrated

Repurchase Agreement
31.0%
Repurchase Agreement
21.5%
Repurchase Agreement
18.7%
Repurchase Agreement
7.5%
Repurchase Agreement
7.5%
Repurchase Agreement
5.6%
Repurchase Agreement
5.6%
Repurchase Agreement
3.7%
Repurchase Agreement
1.9%
N/A
-0.9%

Asset allocation

Other
100.0%
Cash
99.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
14.5%Moderate

Year-on-year price swings

Max drawdown
-75.7%Severe

Worst peak-to-trough loss

Sharpe (3Y)
-0.90Below average
Sortino (3Y)
-1.26Moderate 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 Financial Select Sector Index.
Strategy
Invests primarily in financial instruments to achieve inverse exposure to the Index. Uses derivatives like swap agreements and may hold cash in money market instruments. The portfolio is rebalanced daily to maintain consistent inverse exposure.
Inception date
June 10, 2008
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