ProShares UltraShort Basic Materials (SMN)
SMN is a passive ETF by ProShares tracking the investment results of the Dow Jones U.S. Basic Materials Index (-200%). SMN launched on Jan 30, 2007 and has a 0.95% expense ratio.
ETF Info
US74347X1384
74347G614
Jan 30, 2007
North America (U.S.)
2x
Dow Jones U.S. Basic Materials Index (-200%)
Large-Cap
Blend
Expense Ratio
SMN has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ProShares UltraShort Basic Materials, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
ProShares UltraShort Basic Materials had a return of -11.43% year-to-date (YTD) and -6.06% in the last 12 months. Over the past 10 years, ProShares UltraShort Basic Materials had an annualized return of -22.82%, while the S&P 500 had an annualized return of 11.26%, indicating that ProShares UltraShort Basic Materials did not perform as well as the benchmark.
SMN
-11.43%
0.07%
5.03%
-6.06%
-30.30%
-22.82%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of SMN, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -9.87% | -11.43% | |||||||||||
| 2024 | 8.61% | -11.47% | -11.42% | 10.17% | -6.29% | 9.87% | -7.58% | -5.44% | -4.77% | 7.68% | -2.44% | 26.40% | 6.76% |
| 2023 | -17.73% | 5.61% | 2.13% | 0.69% | 16.33% | -19.32% | -5.97% | 6.71% | 10.74% | 7.53% | -14.71% | -7.79% | -21.21% |
| 2022 | 14.89% | -5.30% | -16.97% | 10.44% | -6.40% | 36.32% | -12.55% | 4.22% | 19.22% | -19.19% | -21.73% | 10.83% | -3.04% |
| 2021 | 2.23% | -9.28% | -16.61% | -8.66% | -12.22% | 11.72% | -4.57% | -1.52% | 13.87% | -14.64% | 1.02% | -15.26% | -45.83% |
| 2020 | 16.10% | 19.06% | 10.80% | -32.88% | -15.78% | -7.97% | -14.44% | -8.87% | -0.52% | 2.50% | -25.14% | -6.71% | -55.75% |
| 2019 | -12.88% | -6.77% | 0.46% | -5.65% | 21.79% | -21.39% | 2.65% | 8.24% | -7.06% | -0.24% | -6.81% | -6.37% | -33.75% |
| 2018 | -7.35% | 7.60% | 9.57% | -4.71% | -4.30% | 0.26% | -6.16% | 1.82% | 4.84% | 22.49% | -5.16% | 14.22% | 32.74% |
| 2017 | -8.73% | -3.80% | -2.80% | -0.54% | 2.98% | -4.72% | -5.19% | -2.08% | -7.56% | -7.19% | -1.91% | -4.76% | -38.03% |
| 2016 | 22.79% | -14.83% | -16.36% | -11.42% | 1.42% | -0.15% | -11.05% | -0.23% | 1.09% | 3.31% | -15.11% | 0.53% | -37.94% |
| 2015 | 5.64% | -14.63% | 8.76% | -6.37% | -1.10% | 9.43% | 13.97% | 10.39% | 15.96% | -23.70% | -2.38% | 7.25% | 15.83% |
| 2014 | 9.55% | -12.88% | -2.30% | -2.26% | -5.67% | -4.01% | 4.32% | -7.60% | 5.18% | 3.46% | -1.82% | 1.86% | -13.44% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SMN is 5, meaning it’s performing worse than 95% 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.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ProShares UltraShort Basic Materials (SMN) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
ProShares UltraShort Basic Materials provided a 5.02% dividend yield over the last twelve months, with an annual payout of $0.74 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.74 | $0.74 | $0.66 | $0.09 | $0.00 | $0.00 | $0.43 | $0.04 |
Dividend yield | 5.02% | 4.45% | 4.04% | 0.42% | 0.00% | 0.00% | 0.46% | 0.03% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares UltraShort Basic Materials. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.32 | $0.74 |
| 2023 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.27 | $0.66 |
| 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 |
| 2020 | $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 |
| 2019 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.04 | $0.43 |
| 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.
Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares UltraShort Basic Materials. 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 Basic Materials was 99.90%, occurring on Oct 18, 2024. The portfolio has not yet recovered.
The current ProShares UltraShort Basic Materials drawdown is 99.88%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -99.9% | Nov 21, 2008 | 3992 | Oct 18, 2024 | — | — | — |
| -62.05% | Mar 6, 2007 | 326 | Jun 18, 2008 | 76 | Oct 6, 2008 | 402 |
| -42.86% | Oct 28, 2008 | 6 | Nov 4, 2008 | 12 | Nov 20, 2008 | 18 |
| -27.84% | Oct 13, 2008 | 6 | Oct 20, 2008 | 4 | Oct 24, 2008 | 10 |
| -9.85% | Feb 12, 2007 | 10 | Feb 26, 2007 | 4 | Mar 2, 2007 | 14 |
Volatility
Volatility Chart
The current ProShares UltraShort Basic Materials volatility is 6.63%, 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.