SH vs. CARD
Compare and contrast key facts about ProShares Short S&P500 (SH) and Max Auto Industry -3X Inverse Leveraged ETN (CARD).
SH and CARD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SH is a passively managed fund by ProShares that tracks the performance of the S&P 500 (-100%). It was launched on Jun 19, 2006. CARD is a passively managed fund by Max that tracks the performance of the Prime Auto Industry Index - Benchmark TR Net (--300%). It was launched on Jun 27, 2023. Both SH and CARD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SH vs. CARD - Performance Comparison
Loading graphics...
SH vs. CARD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SH ProShares Short S&P500 | 4.94% | -11.35% | -13.52% | -5.02% |
CARD Max Auto Industry -3X Inverse Leveraged ETN | 24.67% | -60.21% | -58.19% | -30.38% |
Returns By Period
In the year-to-date period, SH achieves a 4.94% return, which is significantly lower than CARD's 24.67% return.
SH
- 1D
- -0.79%
- 1M
- 4.70%
- YTD
- 4.94%
- 6M
- 4.06%
- 1Y
- -11.88%
- 3Y*
- -10.10%
- 5Y*
- -7.71%
- 10Y*
- -11.91%
CARD
- 1D
- -1.85%
- 1M
- 12.54%
- YTD
- 24.67%
- 6M
- 27.27%
- 1Y
- -53.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SH vs. CARD - Expense Ratio Comparison
SH has a 0.90% expense ratio, which is lower than CARD's 0.95% expense ratio.
Return for Risk
SH vs. CARD — Risk / Return Rank
SH
CARD
SH vs. CARD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short S&P500 (SH) and Max Auto Industry -3X Inverse Leveraged ETN (CARD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| SH | CARD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.66 | -0.65 | -0.01 |
Sortino ratioReturn per unit of downside risk | -0.82 | -0.66 | -0.16 |
Omega ratioGain probability vs. loss probability | 0.88 | 0.92 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | -0.46 | -0.71 | +0.26 |
Martin ratioReturn relative to average drawdown | -0.56 | -0.84 | +0.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| SH | CARD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.66 | -0.65 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.46 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.56 | -0.63 | +0.06 |
Correlation
The correlation between SH and CARD is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SH vs. CARD - Dividend Comparison
SH's dividend yield for the trailing twelve months is around 3.95%, while CARD has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SH ProShares Short S&P500 | 3.95% | 4.49% | 6.20% | 5.37% | 1.08% | 0.00% | 0.16% | 1.76% | 1.01% | 0.06% |
CARD Max Auto Industry -3X Inverse Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SH vs. CARD - Drawdown Comparison
The maximum SH drawdown since its inception was -94.26%, roughly equal to the maximum CARD drawdown of -93.51%. Use the drawdown chart below to compare losses from any high point for SH and CARD.
Loading graphics...
Drawdown Indicators
| SH | CARD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.26% | -93.51% | -0.75% |
Max Drawdown (1Y)Largest decline over 1 year | -26.61% | -77.41% | +50.80% |
Max Drawdown (5Y)Largest decline over 5 years | -40.35% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -74.31% | — | — |
Current DrawdownCurrent decline from peak | -93.87% | -90.63% | -3.24% |
Average DrawdownAverage peak-to-trough decline | -67.50% | -66.65% | -0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.86% | 65.69% | -43.83% |
Volatility
SH vs. CARD - Volatility Comparison
The current volatility for ProShares Short S&P500 (SH) is 5.36%, while Max Auto Industry -3X Inverse Leveraged ETN (CARD) has a volatility of 24.83%. This indicates that SH experiences smaller price fluctuations and is considered to be less risky than CARD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| SH | CARD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.36% | 24.83% | -19.47% |
Volatility (6M)Calculated over the trailing 6-month period | 9.45% | 52.66% | -43.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.18% | 82.45% | -64.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.86% | 80.91% | -64.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.99% | 80.91% | -62.92% |