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ProShares UltraShort Utilities (SDP)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US74347B7221

CUSIP

74347G721

Issuer

ProShares

Inception Date

Jan 30, 2007

Region

North America (U.S.)

Leveraged

2x

Index Tracked

Dow Jones U.S. Utilities Index (-200%)

Asset Class

Equity

Asset Class Size

Multi-Cap

Asset Class Style

Value

Expense Ratio

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


Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
SDP vs. UPW SDP vs. SPY
Popular comparisons:

Performance

Performance Chart

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


-100.00%0.00%100.00%200.00%300.00%December2025FebruaryMarchAprilMay
-79.26%
290.33%
SDP (ProShares UltraShort Utilities)
Benchmark (^GSPC)

Returns By Period

ProShares UltraShort Utilities (SDP) returned -12.27% year-to-date (YTD) and -22.10% over the past 12 months. Over the past 10 years, SDP returned -23.31% annually, underperforming the S&P 500 benchmark at 10.45%.


SDP

YTD

-12.27%

1M

-10.26%

6M

-4.76%

1Y

-22.10%

5Y*

-21.74%

10Y*

-23.31%

^GSPC (Benchmark)

YTD

-3.77%

1M

3.72%

6M

-5.60%

1Y

8.55%

5Y*

14.11%

10Y*

10.45%

*Annualized

Monthly Returns

The table below presents the monthly returns of SDP, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025-5.80%-2.47%-0.46%-1.31%-2.79%-12.27%
20246.34%-1.77%-11.45%-2.77%-15.11%12.26%-11.42%-8.90%-11.14%1.93%-6.26%18.36%-30.49%
20234.07%12.05%-8.69%-3.32%13.48%-3.18%-4.18%13.59%12.98%-3.11%-9.30%-3.97%17.37%
20225.88%2.95%-17.86%8.17%-8.80%9.55%-11.71%-0.19%25.24%-7.04%-13.15%1.13%-12.79%
20210.39%11.84%-18.85%-7.64%4.03%3.31%-7.53%-7.51%12.42%-9.77%2.73%-17.03%-33.14%
2020-11.24%22.67%-7.61%-13.65%-9.36%7.88%-13.47%4.27%-2.04%-8.97%-5.01%-1.83%-36.27%
2019-7.78%-7.00%-4.96%-1.69%1.73%-6.37%0.61%-8.95%-7.75%1.90%4.31%-6.21%-35.71%
20187.41%6.79%-7.71%-4.57%1.33%-5.11%-3.30%-4.01%3.34%-2.64%-7.56%8.11%-9.33%
2017-2.04%-10.57%-0.12%-0.57%-8.26%4.92%-3.51%-6.77%5.41%-7.74%-4.89%11.88%-22.03%
2016-9.33%-5.99%-13.79%5.47%-4.57%-13.46%0.56%11.72%-2.59%-1.92%8.79%-9.28%-32.19%
2015-4.60%11.99%1.30%0.03%-1.86%13.67%-11.01%6.80%-5.63%-2.92%-0.48%-4.02%0.47%
2014-4.96%-7.89%-6.60%-7.53%0.88%-9.34%15.13%-10.01%4.14%-14.85%289.71%-8.42%126.75%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of SDP is 3, meaning it’s performing worse than 97% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of SDP is 33
Overall Rank
The Sharpe Ratio Rank of SDP is 33
Sharpe Ratio Rank
The Sortino Ratio Rank of SDP is 11
Sortino Ratio Rank
The Omega Ratio Rank of SDP is 22
Omega Ratio Rank
The Calmar Ratio Rank of SDP is 77
Calmar Ratio Rank
The Martin Ratio Rank of SDP is 33
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for ProShares UltraShort Utilities (SDP) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

ProShares UltraShort Utilities Sharpe ratios as of May 10, 2025 (values are recalculated daily):

  • 1-Year: -0.66
  • 5-Year: -0.61
  • 10-Year: -0.61
  • All Time: -0.08

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of ProShares UltraShort Utilities compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00December2025FebruaryMarchAprilMay
-0.66
0.44
SDP (ProShares UltraShort Utilities)
Benchmark (^GSPC)

Dividends

Dividend History

ProShares UltraShort Utilities provided a 5.01% dividend yield over the last twelve months, with an annual payout of $0.73 per share. The fund has been increasing its distributions for 2 consecutive years.


0.00%1.00%2.00%3.00%4.00%5.00%$0.00$0.20$0.40$0.60$0.802018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM2024202320222021202020192018
Dividend$0.73$0.84$0.76$0.12$0.00$0.05$0.51$0.04

Dividend yield

5.01%5.01%3.04%0.56%0.00%0.13%0.87%0.05%

Monthly Dividends

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


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.00$0.07$0.00$0.00$0.07
2024$0.00$0.06$0.12$0.00$0.00$0.21$0.00$0.00$0.12$0.00$0.00$0.33$0.84
2023$0.00$0.00$0.11$0.00$0.00$0.27$0.00$0.00$0.10$0.00$0.00$0.29$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$0.12$0.12
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
2020$0.00$0.00$0.05$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.05
2019$0.00$0.00$0.10$0.00$0.00$0.20$0.00$0.00$0.18$0.00$0.00$0.04$0.51
2018$0.04$0.04

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.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%December2025FebruaryMarchAprilMay
-93.23%
-7.88%
SDP (ProShares UltraShort Utilities)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the ProShares UltraShort Utilities. 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 Utilities was 93.51%, occurring on Nov 27, 2024. The portfolio has not yet recovered.

The current ProShares UltraShort Utilities drawdown is 93.23%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-93.51%Sep 8, 20152279Nov 27, 2024
-77.12%Oct 13, 2008731Sep 20, 2011759Nov 14, 20141490
-24.67%Feb 8, 200766May 18, 200747Jul 26, 2007113
-21.08%Mar 26, 200851Jun 5, 200835Jul 25, 200886
-19.37%Nov 17, 201443Jan 23, 201529Mar 6, 201572

Volatility

Volatility Chart

The current ProShares UltraShort Utilities volatility is 9.55%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%5.00%10.00%15.00%December2025FebruaryMarchAprilMay
9.55%
6.82%
SDP (ProShares UltraShort Utilities)
Benchmark (^GSPC)