(SPXU) ProShares UltraPro Short - Overview

ETF Category: Trading--Inverse Equity | Exchange: NYSE ARCA (USA) | Market Cap: 451m USD | Total Return: -46.4% in 12m

Inverse Swaps, Index Options, Futures Contracts
Total Rating 54
Safety 80
Buy Signal 0.50
Trading--Inverse Equity
Category Rotation: +26.0
TER: 0.90%
AUM: 451M
Avg Turnover: 351M
Risk 3d forecast
Volatility63.8%
VaR 5th Pctl10.2%
VaR vs Median-10.9%
Reward TTM
Sharpe Ratio-1.66
Rel. Str. IBD5.2
Rel. Str. Peer Group38.6
Character TTM
Beta-2.883
Beta Downside-2.960
Hurst Exponent0.537
Drawdowns 3y
Max DD84.36%
CAGR/Max DD-0.50
CAGR/Mean DD-0.76

Warnings

Overextended 3d

Tailwinds

No distinct edge detected

Description: SPXU ProShares UltraPro Short

The ProShares UltraPro Short S&P500 (SPXU) is an inverse leveraged exchange-traded fund designed to deliver three times the daily inverse performance of the S&P 500 Index. To achieve this objective, the fund invests in a combination of financial derivatives, such as swap agreements and futures contracts, rather than direct equity holdings. This structure allows the fund to gain short exposure to 500 of the largest U.S.-listed companies across various sectors.

The inverse ETF sector operates on a daily rebalancing model, which means the fund’s performance target resets every trading session. Due to the effects of compounding and volatility decay, long-term returns may deviate significantly from the simple inverse of the underlying index. These instruments are primarily utilized by institutional and sophisticated investors for tactical hedging or short-term speculation against broad market declines.

For more detailed metrics on risk and technical indicators, consider reviewing the data available on ValueRay. As a non-diversified fund, SPXU maintains high concentration in its derivative positions to meet its aggressive leverage requirements.

Headlines to Watch Out For
  • Daily S&P 500 price fluctuations drive inverse leveraged fund performance
  • Compounding effects and daily rebalancing cause long-term tracking error volatility
  • Short-term interest rates impact yields on cash used for swap collateral
  • Market volatility spikes increase the cost of maintaining derivative counterparty positions
  • Institutional hedging demand influences liquidity and bid-ask spreads for leveraged ETFs
What is the price of SPXU shares?

As of June 07, 2026, the stock is trading at USD 39.17 with a total of 12,863,921 shares traded.
Over the past week, the price has changed by +7.73%, over one month by -5.13%, over three months by -21.61% and over the past year by -46.41%.

Is SPXU a buy, sell or hold?

ProShares UltraPro Short has no consensus analysts rating.