ProShares UltraShort Consumer Discretionary

Frequently Asked Questions About SCC

What does SCC invest in?

SCC provides 2x daily inverse exposure to a market cap-weighted index representing the consumer discretionary sector of the S&P 500. The underlying index, which is an S&P Select Sector Index, includes automobiles & components, consumer durables and apparel, consumer services, and retailing. As a levered product with daily resets, SCC is designed as a short-term trading tool and not a long-term investment vehicle. Due to daily compounding, its unlikely to achieve its stated exposure and returns for longer than a one-day period. Prior to March 20, 2023, the fund traded as the Proshares UltraShort Consumer Services and tracked the Dow Jones U.S. Consumer Services Index.

What is the expense ratio of SCC?

ProShares UltraShort Consumer Discretionary (SCC) charges an expense ratio of 4.44%. This is the annual fee deducted from fund assets to cover management and operations.

How big is SCC?

ProShares UltraShort Consumer Discretionary (SCC) manages $5.5M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is SCC actively managed or an index fund?

SCC is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (SCC's is 4.44%) because there's no security selection cost.

When was SCC launched?

ProShares UltraShort Consumer Discretionary (SCC) launched in January 2007 and is managed by ProShares.

How has SCC performed?

SCC's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.