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 $397.6M 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.