SH vs. SCHK
Compare and contrast key facts about ProShares Short S&P500 (SH) and Schwab 1000 Index ETF (SCHK).
SH and SCHK 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. SCHK is a passively managed fund by Charles Schwab that tracks the performance of the Schwab 1000 Index. It was launched on Oct 11, 2017. Both SH and SCHK 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. SCHK - Performance Comparison
Loading graphics...
SH vs. SCHK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SH ProShares Short S&P500 | 4.94% | -11.35% | -13.52% | -14.80% | 18.98% | -24.21% | -25.09% | -22.12% | 4.93% | -4.68% |
SCHK Schwab 1000 Index ETF | -3.51% | 17.23% | 24.48% | 26.63% | -19.51% | 26.17% | 20.75% | 31.31% | -5.09% | 5.07% |
Returns By Period
In the year-to-date period, SH achieves a 4.94% return, which is significantly higher than SCHK's -3.51% 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%
SCHK
- 1D
- 0.73%
- 1M
- -4.38%
- YTD
- -3.51%
- 6M
- -1.54%
- 1Y
- 18.17%
- 3Y*
- 18.37%
- 5Y*
- 11.09%
- 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. SCHK - Expense Ratio Comparison
SH has a 0.90% expense ratio, which is higher than SCHK's 0.05% expense ratio.
Return for Risk
SH vs. SCHK — Risk / Return Rank
SH
SCHK
SH vs. SCHK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short S&P500 (SH) and Schwab 1000 Index ETF (SCHK). 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 | SCHK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.66 | 0.98 | -1.64 |
Sortino ratioReturn per unit of downside risk | -0.82 | 1.50 | -2.32 |
Omega ratioGain probability vs. loss probability | 0.88 | 1.23 | -0.35 |
Calmar ratioReturn relative to maximum drawdown | -0.46 | 1.51 | -1.97 |
Martin ratioReturn relative to average drawdown | -0.56 | 7.17 | -7.72 |
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 | SCHK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.66 | 0.98 | -1.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.46 | 0.65 | -1.11 |
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 | 0.69 | -1.25 |
Correlation
The correlation between SH and SCHK is -0.99. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
SH vs. SCHK - Dividend Comparison
SH's dividend yield for the trailing twelve months is around 3.95%, more than SCHK's 1.16% yield.
| 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% |
SCHK Schwab 1000 Index ETF | 1.16% | 1.09% | 1.20% | 1.38% | 1.57% | 1.17% | 1.58% | 1.82% | 1.80% | 0.31% |
Drawdowns
SH vs. SCHK - Drawdown Comparison
The maximum SH drawdown since its inception was -94.26%, which is greater than SCHK's maximum drawdown of -34.80%. Use the drawdown chart below to compare losses from any high point for SH and SCHK.
Loading graphics...
Drawdown Indicators
| SH | SCHK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.26% | -34.80% | -59.46% |
Max Drawdown (1Y)Largest decline over 1 year | -26.61% | -12.31% | -14.30% |
Max Drawdown (5Y)Largest decline over 5 years | -40.35% | -25.44% | -14.91% |
Max Drawdown (10Y)Largest decline over 10 years | -74.31% | — | — |
Current DrawdownCurrent decline from peak | -93.87% | -5.55% | -88.32% |
Average DrawdownAverage peak-to-trough decline | -67.50% | -5.27% | -62.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.86% | 2.60% | +19.26% |
Volatility
SH vs. SCHK - Volatility Comparison
ProShares Short S&P500 (SH) and Schwab 1000 Index ETF (SCHK) have volatilities of 5.36% and 5.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| SH | SCHK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.36% | 5.49% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 9.45% | 9.80% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.18% | 18.61% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.86% | 17.24% | -0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.99% | 19.23% | -1.24% |