- ISIN
- US74347B3188
- CUSIP
- 74347B318
- Issuer
- ProShares
- Inception Date
- May 1, 2018
- Region
- North America (U.S.)
- Category
- Corporate Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P 500 MarketAxess Investment Grade Corporate Bond Index
- Distribution Policy
- Accumulating
- Asset Class
- Bond
- Assets Under Management
- $9M
Share Price Chart
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Performance
SPXB Performance Chart
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Returns By Period
ProShares S&P 500 Bond ETF
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
SPXB Monthly Returns History
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.42% | -1.69% | 1.42% | -2.76% | -3.45% | ||||||||
| 2023 | 4.03% | -3.44% | 3.95% | 0.31% | -1.40% | 0.59% | -0.02% | -0.99% | -3.00% | -1.72% | 6.64% | 4.11% | 8.83% |
| 2022 | -3.62% | -1.91% | -2.38% | -6.58% | 1.80% | -3.18% | 4.21% | -4.14% | -5.22% | -0.84% | 5.62% | -1.10% | -16.66% |
| 2021 | -2.05% | -2.18% | -1.25% | 0.95% | 0.60% | 2.08% | 1.33% | -0.31% | -1.52% | 0.66% | -0.09% | -0.02% | -1.89% |
Benchmark Metrics
ProShares S&P 500 Bond ETF has an annualized alpha of 0.37%, beta of 0.13, and R2 of 0.09 versus S&P 500 Index. Calculated based on daily prices since May 04, 2018.
- This ETF participated in 37.99% of S&P 500 Index downside but only 21.47% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.13 may look defensive, but with R2 of 0.09 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.09 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 0.37%
- Beta
- 0.13
- R²
- 0.09
- Upside Capture
- 21.47%
- Downside Capture
- 37.99%
Expense Ratio
SPXB has an expense ratio of 0.15%, which is considered low.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProShares S&P 500 Bond ETF (SPXB) and compare them to S&P 500 Index.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
Dividends
Dividend History
ProShares S&P 500 Bond ETF provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $3.10 | $2.31 | $1.82 | $2.50 | $3.06 | $1.99 |
Dividend yield | 0.00% | 4.04% | 3.14% | 2.00% | 2.64% | 3.48% | 2.52% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares S&P 500 Bond ETF. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.31 | $0.29 | $0.30 | $0.90 | ||||||||
| 2023 | $0.00 | $0.22 | $0.25 | $0.21 | $0.23 | $0.24 | $0.26 | $0.27 | $0.27 | $0.28 | $0.29 | $0.58 | $3.10 |
| 2022 | $0.00 | $0.17 | $0.17 | $0.17 | $0.17 | $0.18 | $0.22 | $0.19 | $0.21 | $0.21 | $0.21 | $0.41 | $2.31 |
| 2021 | $0.00 | $0.12 | $0.15 | $0.15 | $0.15 | $0.15 | $0.16 | $0.15 | $0.15 | $0.17 | $0.15 | $0.31 | $1.82 |
| 2020 | $0.00 | $0.23 | $0.23 | $0.27 | $0.23 | $0.21 | $0.22 | $0.19 | $0.19 | $0.19 | $0.17 | $0.37 | $2.50 |
| 2019 | $0.00 | $0.24 | $0.26 | $0.28 | $0.26 | $0.26 | $0.26 | $0.26 | $0.26 | $0.25 | $0.25 | $0.49 | $3.06 |
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 S&P 500 Bond ETF. 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 S&P 500 Bond ETF was 23.03%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -23.03%Oct 2022 | 1y 9mo | — | 5y 5moJan 2021 - now |
COVID crash2020 | -20.03%Mar 2020 | 10d | 2mo 23d | 3mo 3dMar 2020 - Jun 2020 |
2020 pullback2020 | -3.32%Oct 2020 | 2mo 24d | 2mo 1d | 4mo 25dAug 2020 - Dec 2020 |
Rate-hike selloffLate 2018 | -3.00%Nov 2018 | 3mo 7d | 1mo 25d | 5mo 2dAug 2018 - Jan 2019 |
2019 pullback2019 | -2.73%Sep 2019 | 15d | 2mo 14d | 2mo 29dAug 2019 - Nov 2019 |
Drawdown Indicators
| SPXB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -56.78% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | — | -0.74% | — |
Average DrawdownAverage peak-to-trough decline | — | -10.72% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.97% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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