(SDS) ProShares UltraShort S&P500 - Overview
ETF Category: Trading--Inverse Equity | Exchange: NYSE ARCA (USA) | Market Cap: 433m USD | Total Return: -32.4% in 12m
Avg Turnover: 199M
Warnings
Overextended 3d
Tailwinds
No distinct edge detected
The ProShares UltraShort S&P500 (SDS) is an inverse leveraged exchange-traded fund designed to provide daily investment results that correspond to twice the inverse (-2x) of the daily performance of the S&P 500 Index. To achieve this objective, the fund invests in a combination of financial instruments, including derivatives such as swap agreements and futures contracts, rather than direct equity holdings.
As a non-diversified fund focused on tactical trading, SDS utilizes a business model centered on short-term exposure, meaning its performance is intended for single-day periods and may deviate significantly from the target over longer durations due to compounding. The underlying S&P 500 Index tracks large-cap U.S. equities, serving as a primary benchmark for the broader domestic stock market. For a deeper look into how these mechanics affect long-term valuation, consider exploring the data on ValueRay.
- S&P 500 index decline drives daily inverse leveraged gains
- Compounding effects cause long-term performance drift in volatile markets
- Rising interest rates increase financing costs for underlying swap agreements
- Equity market volatility spikes trigger rapid daily price appreciation
- Market liquidity constraints impact execution of daily portfolio rebalancing transactions
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.