(SH) ProShares Short S&P500 - Overview

ETF Category: Trading--Inverse Equity | Exchange: NYSE (USA) | Market Cap: 981m USD | Total Return: -15.9% in 12m

Inverse ETFs, Swap Agreements, Futures Contracts, Short Exposure
Total Rating 50
Safety 80
Buy Signal 0.31
Trading--Inverse Equity
Category Rotation: +26.0
TER: 0.88%
AUM: 981M
Avg Turnover: 256M
Risk 3d forecast
Volatility21.2%
VaR 5th Pctl3.36%
VaR vs Median-12.1%
Reward TTM
Sharpe Ratio-1.72
Rel. Str. IBD16.6
Rel. Str. Peer Group77.3
Character TTM
Beta-0.981
Beta Downside-1.030
Hurst Exponent0.537
Drawdowns 3y
Max DD38.82%
CAGR/Max DD-0.32
CAGR/Mean DD-0.57

Warnings

Overextended 3d

Tailwinds

No distinct edge detected

Description: SH ProShares Short S&P500

The ProShares Short S&P500 (SH) is an inverse exchange-traded fund designed to deliver the daily inverse performance of the S&P 500 Index. To achieve this objective, the fund invests at least 80% of its assets in financial instruments, such as swap agreements and futures contracts, that provide short exposure to 500 of the largest U.S.-listed companies.

As an inverse ETF, this vehicle is primarily used as a tactical tool for hedging or speculating on short-term market declines rather than as a long-term investment. The fund’s performance is subject to compounding effects, meaning its returns over periods longer than a single day may deviate significantly from the inverse return of the underlying index.

Investors can further evaluate these technical risks and historical performance trends by reviewing the data on ValueRay. Because the fund is non-diversified and relies on derivatives, it carries higher counterparty and liquidity risks compared to traditional long-only equity funds.

Headlines to Watch Out For
  • S&P 500 index performance inversely correlates with fund net asset value
  • Daily rebalancing costs and compounding effects erode long-term returns
  • Federal Reserve interest rate policy shifts drive equity market volatility
  • Demand for downside hedging increases during periods of macroeconomic uncertainty
What is the price of SH shares?

As of June 07, 2026, the stock is trading at USD 33.73 with a total of 10,432,557 shares traded.
Over the past week, the price has changed by +2.59%, over one month by -1.43%, over three months by -6.84% and over the past year by -15.86%.

Is SH a buy, sell or hold?

ProShares Short S&P500 has no consensus analysts rating.