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ETFs

ProShares UltraShort Utilities

SDP
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 30 2007
Expense Ratio
0.95%
Type
US Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$275,088
AUM
$3,277,884
Associated Index
S&P Utilities Select Sector Index
Inverse/Leveraged
Inverse (-2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Derivatives offset
199.96%
n/a
Net Other Assets (Liabilities)
100.00%
Invest with SDP

What is SDP?

ProShares UltraShort Utilities seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the S&P Utilities Select Sector Index.

ETFs related toSDP

ETFs correlated to SDP include DRV, SRS, SDOW

SDP
ProShares Trust - ProShares UltraShort Utilities -2x Shares
DRV
Direxion Shares ETF Trust - Direxion Daily Real Estate Bear -3X Shares
SRS
ProShares Trust - ProShares UltraShort Real Estate -2x Shares
SDOW
ProShares Trust - ProShares UltraPro Short Dow30 -3x Shares
DOG
ProShares Trust - ProShares Short Dow30 -1x Shares
DXD
ProShares Trust - ProShares UltraShort Dow 30-2X Shares
SPXU
ProShares Trust - ProShares UltraPro Short S&P 500
SDS
ProShares Trust - ProShares UltraShort S&P500 -2x Shares
SPXS
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear -3X Shares
SPDN
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X Shares
SH
ProShares Trust - ProShares Short S&P500 -1x Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toSDP

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with SDP using Composer

FAQ

SDP is a US Equities ETF. ProShares UltraShort Utilities seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the S&P Utilities Select Sector Index.

SDP tracks the S&P Utilities Select Sector Index.

No, SDP is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SDP is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SDP is -0.0122%. This is the percent change in the value of SDP over the most recent 1-month period. The 3-month return on SDP is 0.0787%. This is the percent change in the value of SDP over the most recent 3-month period.

The standard deviation of SDP for the past year is 0.3825%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SDP include UPW, SSO, and TNA.

ETFs correlated to SDP include DRV, SRS, and SDOW.

ETFs that are inversely correlated to SDP include XLU, UTSL, and FUTY.

Yes, SDP is a Inverse (-2x) ETF: This means that SDP will try to match the performance of S&P Utilities Select Sector Index, but with 2x the returns.

Yes, SDP is a Inverse (-2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of S&P Utilities Select Sector Index, but move 2x in the opposite direction.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.