- ISIN
- US74348A3279
- CUSIP
- 74347G572
- Issuer
- ProShares
- Inception Date
- Jan 23, 2007
- Region
- North America (U.S.)
- Category
- Inverse Equities
- Leveraged
- 2x
- Index Tracked
- S&P Small Cap 600 (-200%)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Micro-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $1M
Share Price Chart
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Performance
SDD Performance Chart
ProShares UltraShort SmallCap600 (SDD) is down 30.1% since the beginning of the year. SDD is currently trading at $9 per share. Investors who bought $1,000 worth of SDD shares 5 years ago would now be looking at an investment worth $403.
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Returns By Period
ProShares UltraShort SmallCap600 (SDD) has returned -30.11% so far this year and -46.17% over the past 12 months. Over the last ten years, SDD has returned -27.79% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
ProShares UltraShort SmallCap600
- 1D
- -0.48%
- 1M
- -8.66%
- YTD
- -30.11%
- 6M
- -26.49%
- 1Y
- -46.17%
- 3Y*
- -26.64%
- 5Y*
- -16.61%
- 10Y*
- -27.79%
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%
SDD Monthly Returns History
Based on dividend-adjusted daily data since Jan 25, 2007, SDD's average daily return is -0.09%, while the average monthly return is -2.09%.
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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -10.44% | -3.27% | 7.32% | -17.75% | -1.44% | -7.27% | -30.11% | ||||||
| 2025 | -5.08% | 12.91% | 12.80% | 3.43% | -10.18% | -7.23% | -1.47% | -12.71% | -1.47% | 1.93% | -5.79% | 0.62% | -14.69% |
| 2024 | 8.31% | -6.16% | -5.51% | 12.69% | -8.84% | 5.51% | -18.52% | 2.49% | -1.36% | 5.33% | -19.57% | 18.92% | -13.60% |
| 2023 | -16.26% | 1.58% | 11.08% | 5.78% | 3.67% | -15.02% | -9.42% | 9.37% | 13.72% | 12.75% | -15.15% | -22.02% | -25.99% |
| 2022 | 15.16% | -4.17% | -2.14% | 15.84% | -5.86% | 17.33% | -18.39% | 8.53% | 21.25% | -21.93% | -9.28% | 14.64% | 20.50% |
| 2021 | -12.77% | -15.10% | -8.76% | -4.14% | -5.46% | -1.71% | 3.61% | -4.91% | 3.91% | -7.14% | 3.57% | -9.84% | -46.57% |
Benchmark Metrics
ProShares UltraShort SmallCap600 has an annualized alpha of -0.13%, beta of -2.05, and R2 of 0.72 versus S&P 500 Index. Calculated based on daily prices since January 25, 2007.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -342.77%), but participation in market rallies was also limited (-127.82%) - a profile typical of counter-cyclical assets.
- Beta of -2.05 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
- -0.13%
- Beta
- -2.05
- R²
- 0.72
- Upside Capture
- -127.82%
- Downside Capture
- -342.77%
Expense Ratio
SDD has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
SDD ranks 0 for risk / return — in the bottom 0% 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 SmallCap600 (SDD) 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.
| SDD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.31 | ||
| Sortino ratioReturn per unit of downside risk | -4.71 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.37 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | -1.03 | 2.78 | -3.82 |
| Martin ratioReturn relative to average drawdown | -1.77 | 12.44 | -14.21 |
Dividends
Dividend History
ProShares UltraShort SmallCap600 provided a 6.65% dividend yield over the last twelve months, with an annual payout of $0.58 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.58 | $0.63 | $0.66 | $0.71 | $0.09 | $0.00 | $0.00 | $1.07 | $0.74 |
Dividend yield | 6.65% | 5.07% | 4.34% | 3.84% | 0.33% | 0.00% | 0.00% | 1.20% | 0.52% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.08 | ||||||
| 2025 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.19 | $0.63 |
| 2024 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.18 | $0.66 |
| 2023 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.24 | $0.71 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.09 |
| 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 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 99.93%, occurring on Jun 22, 2026. The portfolio has not yet recovered.
The current ProShares UltraShort SmallCap600 drawdown is 99.93%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -99.93%Jun 2026 | 17y 3mo | — | 17y 3moMar 2009 - now |
Financial crisis2007–2009 | -50.18%Jan 2009 | 1mo 16d | 2mo 2d | 3mo 18dNov 2008 - Mar 2009 |
Financial crisis2007–2009 | -33.41%Nov 2008 | 7d | 15d | 22dOct 2008 - Nov 2008 |
Financial crisis2007–2009 | -30.83%Sep 2008 | 8mo | 17d | 8mo 17dJan 2008 - Oct 2008 |
2007 bear market2007 | -21.81%Jun 2007 | 3mo | 5mo 18d | 8mo 18dMar 2007 - Nov 2007 |
Drawdown Indicators
| SDD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.93% | -56.78% | -43.15% |
Max Drawdown (1Y)Largest decline over 1 year | -44.75% | -9.10% | -35.65% |
Max Drawdown (3Y)Largest decline over 3 years | -66.92% | -18.90% | -48.02% |
Max Drawdown (5Y)Largest decline over 5 years | -69.23% | -25.43% | -43.80% |
Max Drawdown (10Y)Largest decline over 10 years | -96.39% | -33.92% | -62.47% |
Current DrawdownCurrent decline from peak | -99.93% | -1.80% | -98.13% |
Average DrawdownAverage peak-to-trough decline | -86.93% | -10.71% | -76.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.82% | 2.03% | +25.79% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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