Key stats
About ProShares UltraShort Consumer Staples
Expense ratio
0.95%
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Inception date
Jan 30, 2007
SZK is a levered product that provides (-2x) daily inverse exposure to a market cap-weighted index representing the consumer staples sector of the S&P 500. The underlying index, which is an S&P Select Sector Index, includes food & staples retailing, food, beverage & tobacco, and household & personal products. The fund is not a buy-and-hold ETF, its a short-term tactical instrument. Like many levered funds, it promises -2x exposure only for one day. Over longer periods, returns can vary significantly from -2x exposure to its underlying index. Holding it for a period longer than that will introduce the effects of compounding, even if this is less pronounced in a non-leveraged product. Prior to March 20, 2023, the fund traded as the Proshares UltraShort Consumer Goods and tracked the Dow Jones U.S. Consumer Goods Index.
Classification
What's in the fund
Exposure type
Miscellaneous
Bonds, Cash & Other100.00%
Miscellaneous200.03%
Government−31.27%
Cash−68.75%
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