ProShares UltraShort SmallCap600 (SDD) belongs to the Inverse Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with SDD. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SDD
SDD charges 0.95% annually. There are 6 ETFs in the Inverse Equities category with lower expense ratios, going as low as 0.50%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily S&P 500 Bear 1x Shares | 0.50% | 221.57M | Jun 2016 | SDD vs SPDN | |
| Direxion Daily Magnificent 7 Bear 1X Shares | 0.57% | 32.11M | Mar 2024 | SDD vs QQQD | |
| ProShares Decline of the Retail Store ETF | 0.66% | 3.03M | Nov 2017 | SDD vs EMTY | |
| Tradr Short Innovation Daily ETF | 0.75% | 47.36M | Nov 2021 | SDD vs SARK | |
| ProShares Short S&P500 | 0.89% | 1.09B | Jun 2006 | SDD vs SH |
Best Risk-Adjusted Alternatives to SDD
SDD has a PortfoliosLab risk / return rank of 0. There are 52 ETFs in the Inverse Equities category with higher risk-adjusted ranks, going as high as 48.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | 48 | 4.56M | Oct 2024 | SDD vs NFXS | |
| -1x Short VIX Futures ETF | 34 | 215.09M | Mar 2022 | SDD vs SVIX | |
| Direxion Daily MSFT Bear 1X Shares | 30 | 8.89M | Sep 2022 | SDD vs MSFD | |
| T-REX 2X Inverse MSTR Daily Target ETF | 30 | 92.68M | Sep 2024 | SDD vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | 27 | 33.15M | Aug 2024 | SDD vs SMST |
Top Performing SDD Alternatives (YTD)
SDD is at -30.11% YTD. There are 48 ETFs in the Inverse Equities category with higher YTD returns, going as high as 42.40%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Defiance Daily Target 2X Short PLTR ETF | 42.40% | 16.93M | Jun 2025 | SDD vs PLTZ | |
| Direxion Daily PLTR Bear 1X Shares | 33.88% | 40.54M | Dec 2024 | SDD vs PLTD | |
| Direxion Daily MSFT Bear 1X Shares | 28.14% | 8.89M | Sep 2022 | SDD vs MSFD | |
| Direxion Daily NFLX Bear 1X Shares | 24.10% | 4.56M | Oct 2024 | SDD vs NFXS | |
| ProShares Short FTSE China 50 | 14.28% | 4.77M | Mar 2010 | SDD vs YXI |
Lowest Volatility Alternatives to SDD
SDD has 36.33% 1-year volatility. There are 30 ETFs in the Inverse Equities category with lower 1-year volatility, going as low as 12.40%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Short S&P500 | 12.40% | 1.09B | Jun 2006 | SDD vs SH | |
| ProShares Short Dow30 | 12.47% | 112.04M | Jun 2006 | SDD vs DOG | |
| Direxion Daily S&P 500 Bear 1x Shares | 12.59% | 221.57M | Jun 2016 | SDD vs SPDN | |
| Direxion Daily BRKB Bear 1X Shares | 13.04% | 2.34M | Dec 2024 | SDD vs BRKD | |
| Gotham Short Strategies ETF | 13.47% | 12.30M | Jul 2017 | SDD vs SHRT |
Lowest Drawdown Alternatives to SDD
SDD has a 1-year max drawdown of -44.75%. There are 31 ETFs in the Inverse Equities category with shallower 1-year drawdowns, going as shallow as -9.34%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily BRKB Bear 1X Shares | -9.34% | 2.34M | Dec 2024 | SDD vs BRKD | |
| ProShares Short Financials | -11.14% | 14.07M | Jun 2008 | SDD vs SEF | |
| AdvisorShares Ranger Equity Bear ETF | -12.26% | 67.03M | Jan 2011 | SDD vs HDGE | |
| ProShares Short FTSE China 50 | -13.05% | 4.77M | Mar 2010 | SDD vs YXI | |
| ProShares Decline of the Retail Store ETF | -13.91% | 3.03M | Nov 2017 | SDD vs EMTY |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, BITO, QLD and span 10 categories. AUM among these funds goes as high as $40B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 68 | 56.90% | 39.74B | Feb 2010 | SDD vs TQQQ | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -27.53% | 1.42B | Oct 2021 | SDD vs BITO | |
| ProShares Ultra QQQ | Leveraged Equities | 67 | 38.76% | 14.59B | Jun 2006 | SDD vs QLD | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 59 | 22.44% | 5.36B | Jun 2009 | SDD vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 59 | 16.27% | 8.02B | Jun 2006 | SDD vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 31 | 5.77% | 11.27B | Oct 2013 | SDD vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 89 | 110.66% | 3.28B | Jan 2007 | SDD vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 0 | -45.65% | 1.83B | Feb 2010 | SDD vs SQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -28.03% | 265.17M | Oct 2011 | SDD vs UVXY | |
| Proshares Ultra Bitcoin ETF | Cryptocurrency, Leveraged Cryptocurrency | 2 | -55.20% | 340.85M | Apr 2024 | SDD vs BITU |
Often Compared With SDD
Investors most often compare SDD with MSDD, DFAS, TSLQ. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare SDD with Any Fund or Stock
Compare SDD with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SDD with funds that move differently
ProShares UltraShort SmallCap600 alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SDD.
Explore SDD Diversifiers