- ISIN
- US74347R1150
- CUSIP
- 74347G630
- Issuer
- ProShares
- Inception Date
- Jan 30, 2007
- Region
- North America (U.S.)
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- Dow Jones U.S. Consumer Goods Index (-200%)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $5M
Share Price Chart
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Performance
SZK Performance Chart
ProShares UltraShort Consumer Goods (SZK) is down 9.9% since the beginning of the year. SZK is currently trading at $23 per share. Investors who bought $1,000 worth of SZK shares 5 years ago would now be looking at an investment worth $829.
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Returns By Period
ProShares UltraShort Consumer Goods (SZK) has returned -9.91% so far this year and 3.38% over the past 12 months. Over the last ten years, SZK has returned -16.07% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
ProShares UltraShort Consumer Goods
- 1D
- 0.25%
- 1M
- 6.20%
- YTD
- -9.91%
- 6M
- -7.73%
- 1Y
- 3.38%
- 3Y*
- -4.29%
- 5Y*
- -3.68%
- 10Y*
- -16.07%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
SZK Monthly Returns History
Based on dividend-adjusted daily data since Feb 1, 2007, SZK's average daily return is -0.06%, while the average monthly return is -1.45%.
Historically, 36% of months were positive and 64% were negative. The best month was Oct 2008 with a return of +27.5%, while the worst month was Nov 2020 at -22.5%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 7 months.
On a daily basis, SZK closed higher 41% of trading days. The best single day was Mar 12, 2020 with a return of +20.7%, while the worst single day was Mar 24, 2020 at -17.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -13.35% | -13.72% | 19.41% | -5.49% | 3.98% | 2.68% | -9.91% | ||||||
| 2025 | -0.57% | -9.00% | 2.37% | -1.28% | -1.41% | 3.63% | 4.24% | -1.76% | 5.59% | 5.99% | -6.93% | 3.72% | 3.37% |
| 2024 | -1.69% | -3.33% | -5.31% | 3.24% | -3.50% | 1.30% | -2.36% | -10.10% | -1.49% | 8.04% | -6.16% | 11.36% | -11.33% |
| 2023 | -11.08% | -0.90% | -1.02% | -6.04% | 14.28% | -4.64% | -2.94% | 9.15% | 11.35% | 3.81% | -7.19% | -4.52% | -3.10% |
| 2022 | 9.66% | 7.04% | -8.40% | 9.30% | 6.49% | 12.11% | -17.92% | 6.11% | 19.55% | -8.71% | -5.71% | 17.06% | 47.20% |
| 2021 | -0.11% | 3.67% | -10.80% | -5.68% | -0.39% | -3.38% | -2.89% | -0.65% | 5.72% | -21.37% | 0.78% | -8.19% | -37.78% |
Benchmark Metrics
ProShares UltraShort Consumer Goods has an annualized alpha of -2.22%, beta of -1.30, and R2 of 0.61 versus S&P 500 Index. Calculated based on daily prices since February 02, 2007.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -182.32%), but participation in market rallies was also limited (-95.13%) - a profile typical of counter-cyclical assets.
- This ETF had an annualized alpha of -2.22% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of -1.30 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -2.22%
- Beta
- -1.30
- R²
- 0.61
- Upside Capture
- -95.13%
- Downside Capture
- -182.32%
Expense Ratio
SZK has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
SZK ranks 10 for risk / return — in the bottom 10% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProShares UltraShort Consumer Goods (SZK) and compare them to S&P 500 Index.
| SZK | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.13 | 2.39 | -2.25 |
Sortino ratioReturn per unit of downside risk | 0.37 | 3.25 | -2.89 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.43 | -0.39 |
Calmar ratioReturn relative to maximum drawdown | 0.12 | 3.11 | -3.00 |
Martin ratioReturn relative to average drawdown | 0.26 | 14.38 | -14.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
ProShares UltraShort Consumer Goods provided a 2.63% dividend yield over the last twelve months, with an annual payout of $0.61 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.61 | $0.74 | $1.46 | $1.23 | $0.18 | $0.00 | $0.07 | $1.47 | $0.72 |
Dividend yield | 2.63% | 2.90% | 5.70% | 4.03% | 0.56% | 0.00% | 0.19% | 1.70% | 0.50% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares UltraShort Consumer Goods. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.05 | ||||||
| 2025 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.21 | $0.74 |
| 2024 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.52 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.37 | $1.46 |
| 2023 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.36 | $1.23 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 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 |
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 UltraShort Consumer Goods. 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 Consumer Goods was 99.40%, occurring on Jan 4, 2022. The portfolio has not yet recovered.
The current ProShares UltraShort Consumer Goods drawdown is 99.24%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -99.40%Jan 2022 | 12y 10mo | — | 17y 2moMar 2009 - now |
Financial crisis2007–2009 | -27.86%Jan 2009 | 1mo 12d | 1mo 25d | 3mo 7dNov 2008 - Feb 2009 |
Financial crisis2007–2009 | -25.00%Nov 2008 | 7d | 16d | 23dOct 2008 - Nov 2008 |
Financial crisis2007–2009 | -19.85%Sep 2008 | 2mo 11d | 24d | 3mo 5dJul 2008 - Oct 2008 |
Financial crisis2007–2009 | -17.70%Dec 2007 | 8mo 29d | 1mo 8d | 10mo 7dMar 2007 - Jan 2008 |
Drawdown Indicators
| SZK | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.40% | -56.78% | -42.62% |
Max Drawdown (1Y)Largest decline over 1 year | -29.26% | -9.10% | -20.16% |
Max Drawdown (3Y)Largest decline over 3 years | -41.81% | -18.90% | -22.91% |
Max Drawdown (5Y)Largest decline over 5 years | -41.81% | -25.43% | -16.38% |
Max Drawdown (10Y)Largest decline over 10 years | -86.78% | -33.92% | -52.86% |
Current DrawdownCurrent decline from peak | -99.24% | 0.00% | -99.24% |
Average DrawdownAverage peak-to-trough decline | -81.99% | -10.72% | -71.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.83% | 1.97% | +10.86% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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