Key stats
About ProShares UltraShort S&P500
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Inception date
Jul 11, 2006
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
SDS provides a 1-day leveraged bet against the S&P 500 in a very liquid vehicle that's well-aligned with the tactical nature of the product. The fund, like most leveraged and inverse products, is designed to deliver 2x inverse exposure to its index–the S&P 500–for 1 day and 1 day only. Holding it for longer periods will expose investors to the performance drift resulting from compounding. As such, the tool should either be held for no more than 1 day or rebalanced regularly (adding or subtracting to one`s position in the fund) to offset these dynamics. In all, SDS provides the strong liquidity that`s paramount for a geared fund.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Bonds, Cash & Other100.00%
Government99.76%
Cash0.24%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SDS last dividends amounted to 0.23 USD. The quarter before, the issuer paid 0.42 USD in dividends, which shows a 81.29% decrease.
SDS assets under management is 434.41 M USD. It's fallen 1.66% over the last month.
SDS fund flows account for −30.96 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, SDS pays dividends to its holders with the dividend yield of 7.82%. The last dividend (Apr 1, 2025) amounted to 0.23 USD. The dividends are paid quarterly.
SDS shares are issued by ProShare Advisors LLC under the brand ProShares. The ETF was launched on Jul 11, 2006, and its management style is Passive.
SDS expense ratio is 0.89% meaning you'd have to pay 0.89% of your investment to help manage the fund.
SDS follows the S&P 500. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SDS invests in bonds.
SDS price has fallen by −13.38% over the last month, and its yearly performance shows a −26.67% decrease. See more dynamics on SDS price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −11.14% over the last month, showed a −3.75% decrease in three-month performance and has decreased by −21.18% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −11.14% over the last month, showed a −3.75% decrease in three-month performance and has decreased by −21.18% in a year.
SDS trades at a premium (0.14%) meaning the ETF is trading at a higher price than the calculated NAV.