(SH) ProShares Short S&P500 - Overview
Etf: Inverse, Etf, Daily, Exposure
Dividends
| Dividend Yield | 4.20% |
| Yield on Cost 5y | 2.76% |
| Yield CAGR 5y | 216.63% |
| Payout Consistency | 32.4% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 14.0% |
| Relative Tail Risk | -14.0% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.75 |
| Alpha | -2.89 |
| Character TTM | |
|---|---|
| Beta | -0.952 |
| Beta Downside | -0.959 |
| Drawdowns 3y | |
|---|---|
| Max DD | 36.03% |
| CAGR/Max DD | -0.32 |
Description: SH ProShares Short S&P500 January 17, 2026
ProShares Short S&P 500 (NYSE ARCA: SH) is an inverse equity ETF that seeks to deliver the opposite of the daily performance of the S&P 500 Index. The fund achieves this by holding financial instruments-primarily futures, swaps, and short positions-that together should generate daily returns consistent with its “Daily Target” of –1× the index’s move. By design, at least 80 % of its assets are positioned to provide inverse exposure, and the ETF is classified as non-diversified, meaning concentration risk is higher than in broadly diversified funds.
Key quantitative traits (as of the latest filing) include an expense ratio of roughly 0.89 % and an average daily trading volume of about 1 million shares, which provides reasonable liquidity for active traders. The fund’s beta relative to the S&P 500 is approximately –0.98, indicating near-perfect inverse correlation on a daily basis, but compounding effects can cause performance drift over longer horizons, especially in volatile markets. Primary drivers of SH’s performance are macro-level factors that move the broader equity market-U.S. monetary-policy shifts, corporate earnings trends, and sector-specific shocks (e.g., technology or energy) that dominate the S&P 500 composition.
For a deeper, data-rich analysis of how SH behaves under different market regimes, you might explore ValueRay’s interactive dashboards.
What is the price of SH shares?
Over the past week, the price has changed by +0.25%, over one month by +0.37%, over three months by -0.81% and over the past year by -10.25%.
Is SH a buy, sell or hold?
What are the forecasts/targets for the SH price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 37.2 | 4.6% |
SH Fundamental Data Overview February 03, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 1.04b USD (1.04b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 1.04b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 1.04b / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 2.41% (E(1.04b)/V(1.04b) * Re(2.41%) + (debt-free company))
Discount Rate = 2.41% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)