ProShares UltraShort S&P500 (SDS)
- Expense ratio0.89%
- Net assets$379.0M
- Dividend yield5.16%
- 1-year return-19.32%
- Holdings10
SDS ETF price chart
SDS quote & trading statistics
SDS performance
Annual returns & drawdowns →- YTD-16.72%
- 1 year-19.32%
- 3 years-30.04%/yr
- 5 years-18.87%/yr
- 10 years-27.11%/yr
- 1Y volatility
- 25.19%
- 3Y volatility
- 23.51%
- 3Y Sharpe ratio
- -1.66
Returns include reinvested distributions; 3-, 5- and 10-year figures are annualized.
SDS top 10 holdings
| # | Symbol | Name | Weight |
|---|---|---|---|
| 1 | S&P 500 Index Swap Bnp Paribas | 35.90% | |
| 2 | S&P 500 Index Swap Citibank Na | 32.23% | |
| 3 | S&P 500 Index Swap Ubs Ag | 29.82% | |
| 4 | S&P 500 Index Swap Bank Of America Na | 27.94% | |
| 5 | S&P 500 Index Swap Jp Morgan Securities | 21.04% | |
| 6 | S&P 500 Index Swap Goldman Sachs International | 20.75% | |
| 7 | S&P 500 Index Swap Societe Generale | 17.63% | |
| 8 | United States Treasury Bills | 16.46% | |
| 9 | S&P 500 Index Swap Morgan Stanley & Co. International Plc | 12.33% | |
| 10 | S&P 500 Index Swap Credit Suisse International | 9.29% |
The top 10 holdings make up 223.4% of the fund (10 holdings in total). As of October 24, 2026.
About ProShares UltraShort S&P500
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index is designed to measure the performance of 500 of the largest companies listed and domiciled in the U.S. Under normal circumstances, the fund will obtain inverse leveraged exposure to at least 80% of its total assets in components of the index or in instruments with similar economic characteristics. The fund is non-diversified.
SDS ETF FAQ
What is the SDS expense ratio?
ProShares UltraShort S&P500 has a net expense ratio of 0.89%, or $89.00 a year for every $10,000 invested.
How much money is in SDS?
ProShares UltraShort S&P500 has about $379.0M in net assets.
What are the top holdings of SDS?
The largest positions in SDS are S&P 500 Index Swap Bnp Paribas (35.90%), S&P 500 Index Swap Citibank Na (32.23%), S&P 500 Index Swap Ubs Ag (29.82%). The fund holds 10 securities in total.
How has SDS performed?
SDS returned -19.32% over the past year and -18.87% a year over the past five years, including reinvested distributions.
Does SDS pay dividends?
SDS has a dividend yield of 5.16% and pays distributions quarterly.
When was SDS launched?
ProShares UltraShort S&P500 began trading on July 11, 2006.