ProShares UltraShort SmallCap600 (SDD)

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The chart shows the growth of an initial investment of $10,000 in ProShares UltraShort SmallCap600, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

ProShares UltraShort SmallCap600 (SDD) has returned -7.03% so far this year and -34.39% over the past 12 months. Over the last ten years, SDD has returned -26.07% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Jan 25, 2007, SDD's average daily return is -0.08%, while the average monthly return is -2.01%.

Historically, 37% of months were positive and 63% were negative. The best month was Oct 2008 with a return of +32.2%, while the worst month was Apr 2009 at -31.7%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 9 months.

On a daily basis, SDD closed higher 45% of trading days. The best single day was Dec 1, 2008 with a return of +24.2%, while the worst single day was Apr 9, 2025 at -18.1%.

ProShares UltraShort SmallCap600 has an annualized alpha of -0.13%, beta of -2.06, and R² of 0.72 versus S&P 500 Index. Calculated based on daily prices since January 26, 2007.

• This ETF tended to rise when S&P 500 Index fell (downside capture of -359.24%), but participation in market rallies was also limited (-130.74%) — a profile typical of counter-cyclical assets.
• Beta of -2.06 indicates this ETF moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

SDD has a high expense ratio of 0.95%, indicating above-average management fees.

SDD ranks 3 for risk / return — in the bottom 3% 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.

The table below present risk-adjusted performance metrics for ProShares UltraShort SmallCap600 (SDD) and compare them to a chosen benchmark (S&P 500 Index).

ProShares UltraShort SmallCap600 provided a 5.00% dividend yield over the last twelve months, with an annual payout of $0.58 per share.

The table displays the monthly dividend distributions for ProShares UltraShort SmallCap600. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the ProShares UltraShort SmallCap600. 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 SmallCap600 was 99.92%, occurring on Feb 6, 2026. The portfolio has not yet recovered.

The current ProShares UltraShort SmallCap600 drawdown is 99.91%.

The chart below shows the rolling one-month volatility.