ProShares UltraPro Short S&P500 (SPXU)
SPXU, or the ProShares UltraPro Short S&P 500 ETF, is a passively managed exchange-traded fund that seeks to provide 300% of the inverse of the daily performance of the S&P 500 Index. This means that the ETF aims to deliver returns that are opposite to the returns of the S&P 500 Index, making it suitable for investors who are looking to bet against the market.
The S&P 500 Index is a widely followed benchmark that tracks the performance of 500 large companies listed on stock exchanges in the United States. It is considered a good indicator of the overall health of the U.S. stock market and the economy.
SPXU was launched on June 25, 2009, and has an expense ratio of 0.93%. This expense ratio is considered to be relatively high compared to other ETFs.
It is important to note that inverse ETFs such as SPXU are unsuitable for all investors and carry a higher risk level than traditional ETFs. In addition, inverse ETFs can be more volatile and have a greater potential for losses than conventional ETFs, especially in a rising market. Therefore, conducting thorough research and seeking professional advice is recommended before making an investment decision.
ETF Info
| ISIN | US74348A4426 |
|---|---|
| CUSIP | 74348A442 |
| Issuer | ProShares |
| Inception Date | Jun 25, 2009 |
| Region | North America (U.S.) |
| Category | Leveraged Equities, Leveraged |
| Leveraged | 3x |
| Index Tracked | S&P 500 Index (-300%) |
| Home Page | www.proshares.com |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
SPXU has a high expense ratio of 0.93%, 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 UltraPro Short S&P500, 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 UltraPro Short S&P500 had a return of -21.54% year-to-date (YTD) and -48.92% in the last 12 months. Over the past 10 years, ProShares UltraPro Short S&P500 had an annualized return of -39.63%, while the S&P 500 had an annualized return of 10.67%, indicating that ProShares UltraPro Short S&P500 did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -21.54% | 9.49% |
| 1 month | -2.99% | 1.20% |
| 6 months | -38.18% | 18.29% |
| 1 year | -48.92% | 26.44% |
| 5 years (annualized) | -46.07% | 12.64% |
| 10 years (annualized) | -39.63% | 10.67% |
Monthly Returns
The table below presents the monthly returns of SPXU, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -3.72% | -13.29% | -8.32% | 14.09% | -21.54% | ||||||||
| 2023 | -16.78% | 8.19% | -11.12% | -3.78% | -0.77% | -16.97% | -8.35% | 6.24% | 15.49% | 7.28% | -22.54% | -13.03% | -48.44% |
| 2022 | 15.74% | 6.52% | -13.03% | 28.01% | -5.03% | 24.65% | -24.32% | 11.76% | 31.03% | -23.42% | -17.30% | 18.90% | 35.61% |
| 2021 | 1.59% | -8.55% | -13.89% | -14.99% | -2.68% | -7.04% | -7.63% | -8.92% | 14.49% | -19.04% | 1.48% | -13.60% | -57.94% |
| 2020 | -0.05% | 25.64% | -4.03% | -36.24% | -15.15% | -9.58% | -16.53% | -18.78% | 8.75% | 5.52% | -27.78% | -10.71% | -70.42% |
| 2019 | -21.27% | -8.76% | -5.60% | -10.62% | 21.32% | -18.57% | -3.77% | 3.18% | -5.86% | -6.54% | -9.76% | -8.55% | -56.84% |
| 2018 | -15.13% | 9.12% | 6.13% | -2.15% | -6.59% | -1.94% | -10.29% | -8.52% | -1.74% | 21.25% | -6.24% | 27.12% | 2.65% |
| 2017 | -5.10% | -11.10% | -0.41% | -3.03% | -4.09% | -1.88% | -5.75% | -0.81% | -5.74% | -6.67% | -8.31% | -3.62% | -44.28% |
| 2016 | 13.84% | -1.11% | -18.80% | -1.66% | -5.37% | -2.74% | -10.40% | -0.55% | -1.03% | 5.49% | -10.94% | -6.12% | -35.64% |
| 2015 | 8.10% | -15.64% | 3.75% | -3.28% | -4.25% | 5.70% | -7.10% | 16.87% | 5.31% | -22.57% | -1.89% | 3.63% | -16.64% |
| 2014 | 10.55% | -13.12% | -3.09% | -2.98% | -6.85% | -6.21% | 3.55% | -11.25% | 3.80% | -8.46% | -7.95% | -0.50% | -36.89% |
| 2013 | -14.30% | -4.36% | -10.89% | -6.57% | -7.49% | 3.73% | -15.05% | 8.95% | -9.31% | -13.35% | -8.90% | -8.00% | -60.08% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SPXU is 0, indicating that it is in the bottom 0% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
SPXU (ProShares UltraPro Short S&P500)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ProShares UltraPro Short S&P500 (SPXU) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
ProShares UltraPro Short S&P500 granted a 3.41% dividend yield in the last twelve months. The annual payout for that period amounted to $1.13 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $1.13 | $0.61 | $0.07 | $0.00 | $0.21 | $2.15 | $3.27 | $0.24 |
Dividend yield | 3.41% | 1.41% | 0.08% | 0.00% | 0.14% | 0.43% | 0.28% | 0.02% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares UltraPro Short S&P500. 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 | $0.00 | $0.64 | $0.00 | $0.00 | $0.64 | |||||||
| 2023 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.18 | $0.61 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 |
| 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 | $0.21 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 |
| 2019 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.74 | $0.00 | $0.00 | $0.56 | $0.00 | $0.00 | $0.43 | $2.15 |
| 2018 | $0.00 | $0.00 | $0.52 | $0.00 | $0.00 | $0.70 | $0.00 | $0.00 | $0.93 | $0.00 | $0.00 | $1.13 | $3.27 |
| 2017 | $0.24 | $0.24 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares UltraPro Short S&P500. 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 UltraPro Short S&P500 was 99.98%, occurring on Mar 27, 2024. The portfolio has not yet recovered.
The current ProShares UltraPro Short S&P500 drawdown is 99.98%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -99.98% | Jul 13, 2009 | 3703 | Mar 27, 2024 | — | — | — |
| -2.98% | Jun 29, 2009 | 1 | Jun 29, 2009 | 3 | Jul 2, 2009 | 4 |
| -0.23% | Jul 6, 2009 | 1 | Jul 6, 2009 | 1 | Jul 7, 2009 | 2 |
| -0.23% | Jul 8, 2009 | 2 | Jul 9, 2009 | 1 | Jul 10, 2009 | 3 |
Volatility
Volatility Chart
The current ProShares UltraPro Short S&P500 volatility is 11.66%, 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.