SMNProShares UltraShort Materials
Seeks daily investment results that correspond to -2x the daily performance of the S&P Materials Select Sector Index.
By ProShares · Launched 2007
Annual Cost
0.95%
#5,033 of 6,040 · expensive
Fund Size
$4M
#5,411 of 6,040 · small
Return (1Y)
-22.3%
Track Record
19 years
#425 of 6,040 · established
Performance
Total-return NAV · USDGrowth of $10,000
$7,632-23.7%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
EquityRegion
North americaStrategy
Inverse
Sector
MaterialsIndex tracked
S&P Materials Select Sector Index
Holdings
By weightConcentration
synthetic exposure — holdings shown are derivatives collateral, not the fund's positions
Repurchase Agreement
35.9%
Repurchase Agreement
17.8%
Repurchase Agreement
17.8%
Repurchase Agreement
10.7%
Repurchase Agreement
10.7%
Repurchase Agreement
8.9%
Repurchase Agreement
7.1%
Repurchase Agreement
7.1%
Repurchase Agreement
3.6%
N/A
-3.7%
Asset allocation
Cash
120.3%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
35.6%High
Year-on-year price swings
Max drawdown
-94.9%Severe
Worst peak-to-trough loss
Sharpe (3Y)
-0.37Below average
Sortino (3Y)
-0.51Moderate downside risk
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks daily investment results that correspond to -2x the daily performance of the S&P Materials Select Sector Index.
- Strategy
- Invests in derivatives to gain inverse leveraged exposure to at least 80% of its total assets in components of the S&P Materials Select Sector Index, which includes the largest U.S. materials companies across various industries. The Fund rebalances daily to maintain its -2x exposure to the Index.
- Inception date
- January 30, 2007
- Fund family
- ProShares
Similar funds
Same asset class, closest by strategy & exposureNext steps
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Data updated on 2026-09-18