ProShares - UltraShort S&P500

Frequently Asked Questions About SDS

What does SDS invest in?

The ProShares UltraShort S&P500 fund is engineered to provide daily investment outcomes that mirror negative two times (-2x) the daily fluctuations of the S&P 500 index. This objective is pursued prior to the deduction of any associated fees or expenses.

What is the expense ratio of SDS?

ProShares - UltraShort S&P500 (SDS) charges an expense ratio of 0.91%. This is the annual fee deducted from fund assets to cover management and operations.

How big is SDS?

ProShares - UltraShort S&P500 (SDS) manages $398.7M 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 SDS actively managed or an index fund?

SDS 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 (SDS's is 0.91%) because there's no security selection cost.

When was SDS launched?

ProShares - UltraShort S&P500 (SDS) launched in July 2006 and is managed by ProShares.

How has SDS performed?

SDS'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.