- ISIN
- US74348A2289
- CUSIP
- 74347G564
- Issuer
- ProShares
- Inception Date
- Jan 30, 2007
- Region
- North America (U.S.)
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- DJ Global United States (All) / Health Care -IND (-200%)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $4M
Share Price Chart
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Performance
RXD Performance Chart
ProShares UltraShort Health Care (RXD) is up 6.2% since the beginning of the year. RXD is currently trading at $19 per share. Investors who bought $1,000 worth of RXD shares 5 years ago would now be looking at an investment worth $710.
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Returns By Period
ProShares UltraShort Health Care (RXD) has returned 6.18% so far this year and -22.47% over the past 12 months. Over the last ten years, RXD has returned -19.52% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
ProShares UltraShort Health Care
- 1D
- -1.67%
- 1M
- -1.07%
- YTD
- 6.18%
- 6M
- 7.12%
- 1Y
- -22.47%
- 3Y*
- -5.48%
- 5Y*
- -6.62%
- 10Y*
- -19.52%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
RXD Monthly Returns History
Based on dividend-adjusted daily data since Feb 1, 2007, RXD's average daily return is -0.08%, while the average monthly return is -1.74%.
Historically, 37% of months were positive and 63% were negative. The best month was Feb 2009 with a return of +24.9%, while the worst month was Apr 2020 at -25.1%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 11 months.
On a daily basis, RXD closed higher 42% of trading days. The best single day was Nov 20, 2008 with a return of +14.9%, while the worst single day was Oct 13, 2008 at -22.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.61% | -6.19% | 18.66% | 0.29% | -4.06% | -1.47% | 6.18% | ||||||
| 2025 | -11.89% | -2.19% | 3.96% | 6.51% | 11.43% | -3.28% | 6.97% | -9.31% | -3.20% | -6.50% | -15.90% | 3.15% | -21.66% |
| 2024 | -5.15% | -5.31% | -3.63% | 11.86% | -4.63% | -1.79% | -4.32% | -8.70% | 4.54% | 10.28% | 0.24% | 14.52% | 4.83% |
| 2023 | 3.29% | 9.92% | -3.32% | -5.39% | 9.96% | -7.60% | -1.09% | 1.80% | 7.46% | 7.41% | -9.18% | -7.31% | 3.25% |
| 2022 | 16.31% | 1.41% | -10.93% | 11.15% | -3.96% | 4.12% | -7.57% | 12.32% | 5.29% | -16.54% | -8.55% | 3.89% | 1.20% |
| 2021 | -5.40% | 4.68% | -6.66% | -8.19% | -2.64% | -6.13% | -8.59% | -5.36% | 11.32% | -9.22% | 7.46% | -14.88% | -37.97% |
Benchmark Metrics
ProShares UltraShort Health Care has an annualized alpha of -5.77%, beta of -1.27, and R2 of 0.54 versus S&P 500 Index. Calculated based on daily prices since February 01, 2007.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -207.77%), but participation in market rallies was also limited (-104.43%) - a profile typical of counter-cyclical assets.
- This ETF had an annualized alpha of -5.77% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of -1.27 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -5.77%
- Beta
- -1.27
- R²
- 0.54
- Upside Capture
- -104.43%
- Downside Capture
- -207.77%
Expense Ratio
RXD has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
RXD ranks 4 for risk / return — in the bottom 4% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProShares UltraShort Health Care (RXD) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RXD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.78 | ||
| Sortino ratioReturn per unit of downside risk | -3.65 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.37 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | 2.78 | -3.44 |
| Martin ratioReturn relative to average drawdown | -0.98 | 12.44 | -13.42 |
Dividends
Dividend History
ProShares UltraShort Health Care provided a 2.64% dividend yield over the last twelve months, with an annual payout of $0.51 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.51 | $0.60 | $1.04 | $0.76 | $0.16 | $0.00 | $0.07 | $1.19 | $0.23 |
Dividend yield | 2.64% | 3.29% | 4.36% | 3.17% | 0.67% | 0.00% | 0.17% | 1.73% | 0.22% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares UltraShort Health Care. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.04 | ||||||
| 2025 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.14 | $0.60 |
| 2024 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.20 | $1.04 |
| 2023 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.24 | $0.76 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares UltraShort Health Care. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ProShares UltraShort Health Care was 99.65%, occurring on Jan 7, 2026. The portfolio has not yet recovered.
The current ProShares UltraShort Health Care drawdown is 99.61%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -99.65%Jan 2026 | 17y 1mo | — | 17y 7moNov 2008 - now |
Financial crisis2007–2009 | -27.31%Nov 2008 | 22d | 16d | 1mo 8dOct 2008 - Nov 2008 |
Financial crisis2007–2009 | -20.75%Aug 2008 | 5mo | 1mo 22d | 6mo 22dMar 2008 - Oct 2008 |
Financial crisis2007–2009 | -17.51%Dec 2007 | 3mo 22d | 1mo 19d | 5mo 11dAug 2007 - Jan 2008 |
2007 correction2007 | -16.68%May 2007 | 1mo 23d | 3mo 10d | 5mo 3dMar 2007 - Aug 2007 |
Drawdown Indicators
| RXD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.65% | -56.78% | -42.87% |
Max Drawdown (1Y)Largest decline over 1 year | -34.63% | -9.10% | -25.53% |
Max Drawdown (3Y)Largest decline over 3 years | -36.60% | -18.90% | -17.70% |
Max Drawdown (5Y)Largest decline over 5 years | -40.50% | -25.43% | -15.07% |
Max Drawdown (10Y)Largest decline over 10 years | -90.64% | -33.92% | -56.72% |
Current DrawdownCurrent decline from peak | -99.61% | -1.80% | -97.81% |
Average DrawdownAverage peak-to-trough decline | -81.90% | -10.71% | -71.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.89% | 2.03% | +20.86% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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