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 7 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% | 233.44M | Jun 2016 | SDD vs SPDN | |
| Direxion Daily Magnificent 7 Bear 1X Shares | 0.57% | 34.08M | Mar 2024 | SDD vs QQQD | |
| ProShares Decline of the Retail Store ETF | 0.66% | 3.01M | Nov 2017 | SDD vs EMTY | |
| Tuttle Capital Daily 2X Inverse Regional Banks ETF | 0.75% | 7.22M | Jan 2024 | SDD vs SKRE | |
| Tradr Short Innovation Daily ETF | 0.75% | 41.67M | Nov 2021 | SDD vs SARK |
Best Risk-Adjusted Alternatives to SDD
SDD has a PortfoliosLab risk / return rank of 1. There are 48 ETFs in the Inverse Equities category with higher risk-adjusted ranks, going as high as 60.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | 60 | 5.10M | Oct 2024 | SDD vs NFXS | |
| T-REX 2X Inverse MSTR Daily Target ETF | 60 | 96.16M | Sep 2024 | SDD vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | 53 | 30.06M | Aug 2024 | SDD vs SMST | |
| YieldMax Short COIN Option Income Strategy ETF | 36 | 35.08M | Jul 2024 | SDD vs FIAT | |
| Direxion Daily MSFT Bear 1X Shares | 34 | 11.03M | Sep 2022 | SDD vs MSFD |
Top Performing SDD Alternatives (YTD)
SDD is at -32.06% YTD. There are 51 ETFs in the Inverse Equities category with higher YTD returns, going as high as 24.63%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily PLTR Bear 1X Shares | 24.63% | 40.54M | Dec 2024 | SDD vs PLTD | |
| Direxion Daily NFLX Bear 1X Shares | 22.86% | 5.10M | Oct 2024 | SDD vs NFXS | |
| Direxion Daily MSFT Bear 1X Shares | 21.66% | 11.03M | Sep 2022 | SDD vs MSFD | |
| Defiance Daily Target 2X Short PLTR ETF | 20.05% | 12.08M | Jun 2025 | SDD vs PLTZ | |
| Direxion Daily ORCL Bear 1X ETF | 18.11% | 11.74M | Nov 2025 | SDD vs ORCS |
Lowest Volatility Alternatives to SDD
SDD has 35.96% 1-year volatility. There are 27 ETFs in the Inverse Equities category with lower 1-year volatility, going as low as 12.36%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Short Dow30 | 12.36% | 98.54M | Jun 2006 | SDD vs DOG | |
| ProShares Short S&P500 | 12.47% | 869.15M | Jun 2006 | SDD vs SH | |
| Direxion Daily BRKB Bear 1X Shares | 12.50% | 2.34M | Dec 2024 | SDD vs BRKD | |
| Direxion Daily S&P 500 Bear 1x Shares | 12.67% | 233.44M | Jun 2016 | SDD vs SPDN | |
| YieldMax Short N100 Option Income Strategy ETF | 13.82% | 14.88M | Aug 2024 | SDD vs YQQQ |
Lowest Drawdown Alternatives to SDD
SDD has a 1-year max drawdown of -47.71%. There are 35 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 FTSE China 50 | -12.04% | 4.73M | Mar 2010 | SDD vs YXI | |
| ProShares Decline of the Retail Store ETF | -13.91% | 3.01M | Nov 2017 | SDD vs EMTY | |
| ProShares Short Financials | -14.12% | 13.41M | Jun 2008 | SDD vs SEF | |
| ProShares Short Dow30 | -15.02% | 98.54M | Jun 2006 | SDD vs DOG |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, QLD, BITO and span 10 categories. AUM among these funds goes as high as $37B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 53 | 46.69% | 37.04B | Feb 2010 | SDD vs TQQQ | |
| ProShares Ultra QQQ | Leveraged Equities | 55 | 33.19% | 14.15B | Jun 2006 | SDD vs QLD | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -28.18% | 1.45B | Oct 2021 | SDD vs BITO | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 53 | 26.83% | 5.47B | Jun 2009 | SDD vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 56 | 19.14% | 8.13B | Jun 2006 | SDD vs SSO | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 78 | 85.14% | 2.97B | Jan 2007 | SDD vs USD | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 33 | 10.28% | 11.63B | Oct 2013 | SDD vs NOBL | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -43.51% | 2.09B | Feb 2010 | SDD vs SQQQ | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 59 | 15.80% | 410.75M | Mar 2024 | SDD vs IQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -35.49% | 216.19M | Oct 2011 | SDD vs UVXY |
Often Compared With SDD
Investors most often compare SDD with MSDD, DFAS, BITU. These 20 comparison targets span 8 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