(SDS) ProShares UltraShort S&P500 - Overview
ETF Category: Trading--Inverse Equity | Exchange: NYSE (USA) | Market Cap: 433m USD | Total Return: -32.4% in 12m
Avg Turnover: 199M
Warnings
Overextended 3d
Tailwinds
No distinct edge detected
ProShares UltraShort S&P500 (SDS) is an inverse leveraged exchange-traded fund designed to provide daily investment results that correspond to two times the inverse (-2x) of the daily performance of the S&P 500 Index. The fund achieves this exposure by investing at least 80% of its assets in financial derivatives, such as swap agreements and futures contracts, rather than direct equity holdings.
As a specialized trading vehicle within the inverse equity sector, SDS is intended for short-term tactical use rather than long-term investment. Due to the effects of daily compounding and mathematical decay, the funds performance over periods longer than a single day can deviate significantly from the inverse performance of the underlying index. Investors can evaluate historical volatility and expense ratios for SDS on ValueRay to better understand these tracking risks. The fund is classified as non-diversified, allowing it to concentrate its derivative positions to meet its specific daily leverage targets.
- S&P 500 index declines drive inverse leveraged price appreciation
- Daily rebalancing creates compounding decay during periods of high volatility
- Rising interest rates increase yield on collateralized cash holdings
- Bearish market sentiment accelerates fund inflows and trading volume
As of June 07, 2026, the stock is trading at USD 59.07 with a total of 4,075,425 shares traded.
Over the past week, the price has changed by +5.18%,
over one month by -3.21%,
over three months by -14.30% and
over the past year by -32.39%.
ProShares UltraShort S&P500 has no consensus analysts rating.