(SPXU) ProShares UltraPro Short - Overview

Exchange: NYSE ARCA • Country: USA • Currency: USD • Type: Etf • ISIN: US74347B1109

Etf: Inverse Leveraged Index Fund

Total Rating 37
Risk 57
Buy Signal -1.38

Dividends

Dividend Yield 5.48%
Yield on Cost 5y 0.38%
Yield CAGR 5y 188.93%
Payout Consistency 48.3%
Payout Ratio -
Risk 5d forecast
Volatility 45.6%
Relative Tail Risk -12.9%
Reward TTM
Sharpe Ratio -0.65
Alpha -9.79
Character TTM
Beta -2.851
Beta Downside -2.872
Drawdowns 3y
Max DD 82.74%
CAGR/Max DD -0.49

Description: SPXU ProShares UltraPro Short December 26, 2025

ProShares UltraPro Short S&P 500 (SPXU) is a U.S.-based, non-diversified ETF that seeks to deliver -3× the daily performance of the S&P 500 Index by taking inverse leveraged exposure to at least 80 % of its assets in index components or economically equivalent instruments. The fund’s daily reset means its long-term return can diverge significantly from -3× the index’s cumulative performance, especially in volatile markets.

Key data points to watch: the fund’s expense ratio is 0.95 % (higher than typical passive ETFs), and its 30-day rolling beta to the S&P 500 is approximately -3.0, confirming the intended leverage. SPXU’s performance is highly sensitive to macro drivers such as U.S. monetary policy, earnings trends in the technology sector (the S&P 500’s largest weight), and market volatility measured by the VIX, which can amplify the daily reset effect.

For a deeper quantitative breakdown and scenario analysis, you might find ValueRay’s ETF analytics platform useful.

What is the price of SPXU shares?

As of February 09, 2026, the stock is trading at USD 48.11 with a total of 13,186,581 shares traded.
Over the past week, the price has changed by +1.95%, over one month by -0.23%, over three months by -3.41% and over the past year by -38.51%.

Is SPXU a buy, sell or hold?

ProShares UltraPro Short has no consensus analysts rating.

What are the forecasts/targets for the SPXU price?

Issuer Target Up/Down from current
Wallstreet Target Price - -
Analysts Target Price - -
ValueRay Target Price 34.4 -28.5%

SPXU Fundamental Data Overview February 04, 2026

Revenue TTM = 0.0 USD
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 = 415.2m USD (415.2m + (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 415.2m)
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 415.2m / 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 = -4.59% (negative - check inputs) (E(415.2m)/V(415.2m) * Re(-4.59%) + (debt-free company))
Discount Rate = 9.60% (= Risk Free + ERP)
Fair Price DCF = unknown (Cash Flow 0.0)

Additional Sources for SPXU ETF

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle