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ETFs

ProShares UltraShort S&P500

SDS
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 11 2006
Expense Ratio
0.90%
Type
US Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$174,867,568
AUM
$885,976,510
Associated Index
S&P 500 Index
Inverse/Leveraged
Inverse (-2x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Derivatives offset
199.99%
n/a
TREASURY BILL
10.99%
n/a
TREASURY BILL
8.42%
n/a
TREASURY BILL
5.63%
n/a
TREASURY BILL
5.62%
n/a
TREASURY BILL
5.60%
n/a
TREASURY BILL
5.59%
n/a
TREASURY BILL
5.55%
n/a
TREASURY BILL
5.55%
n/a
TREASURY BILL
5.55%
Invest with SDS

What is SDS?

ProShares UltraShort S&P500 seeks daily investment results before fees and expenses that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P500 Index.

ETFs related toSDS

ETFs correlated to SDS include SPXS, SPXU, SH

SDS
ProShares Trust - ProShares UltraShort S&P500 -2x Shares
SPXS
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear -3X Shares
SPXU
ProShares Trust - ProShares UltraPro Short S&P 500
SH
ProShares Trust - ProShares Short S&P500 -1x Shares
SPDN
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X Shares
QID
ProShares Trust - ProShares UltraShort QQQ -2x Shares
SQQQ
ProShares Trust - ProShares UltraPro Short QQQ -3x Shares
PSQ
ProShares Trust - ProShares Short QQQ -1x Shares
HIBS
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bear 3X Shares
DOG
ProShares Trust - ProShares Short Dow30 -1x Shares
SDOW
ProShares Trust - ProShares UltraPro Short Dow30 -3x 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.

FAQ

SDS is a US Equities ETF. ProShares UltraShort S&P500 seeks daily investment results before fees and expenses that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P500 Index.

SDS tracks the S&P 500 Index.

No, SDS 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, SDS 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 SDS is 0.0239%. This is the percent change in the value of SDS over the most recent 1-month period. The 3-month return on SDS is 0.0171%. This is the percent change in the value of SDS over the most recent 3-month period.

The standard deviation of SDS for the past year is 0.3439%. 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 SDS include UAPR, UAUG, and ACIO.

ETFs correlated to SDS include SPXS, SPXU, and SH.

ETFs that are inversely correlated to SDS include SPXL, SPY, and SSO.

Yes, SDS is a Inverse (-2x) ETF: This means that SDS will try to match the performance of S&P 500 Index, but with 2x the returns.

Yes, SDS is a Inverse (-2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of S&P 500 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.