ProShares - UltraPro Short S&P500

Frequently Asked Questions About SPXU

What does SPXU invest in?

The ProShares UltraPro Short S&P500 (SPXU) aims to deliver daily investment performance that inversely correlates with the S&P 500 index, specifically targeting three times (-3x) the opposite of its day-to-day return. This objective is pursued prior to accounting for any fund expenses or management fees.

What is the expense ratio of SPXU?

ProShares - UltraPro Short S&P500 (SPXU) charges an expense ratio of 0.90%. This is the annual fee deducted from fund assets to cover management and operations.

How big is SPXU?

ProShares - UltraPro Short S&P500 (SPXU) manages $395.3M 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 SPXU actively managed or an index fund?

SPXU 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 (SPXU's is 0.90%) because there's no security selection cost.

When was SPXU launched?

ProShares - UltraPro Short S&P500 (SPXU) launched in June 2009 and is managed by ProShares.

How has SPXU performed?

SPXU'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.