ProShares Short SmallCap600 (SBB) Performance
SBB total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −11.2% since Dec 31, 2025
- 1 year
- −11.0% total return
- 5 years
- −4.0% a year
- 10 years
- −11.2% a year
- Since first price
- −11.9% a year since 2007
SBB trailing returns vs SPY, QQQ, AGG
| Period | SBB total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.3% | +0.3% | −1.0% | −5.0% | +0.9% |
| 3 months | +5.5% | +4.7% | +3.2% | +1.9% | −0.4% |
| 6 months | −0.6% | −2.3% | +7.8% | +8.4% | −1.5% |
| YTD | −11.2% | −13.2% | +12.3% | +15.1% | −1.0% |
| 1 year | −11.0% | −13.8% | +14.4% | +15.9% | −1.1% |
| 3 years | −32.3%−12.2%/yr | −39.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −18.4%−4.0%/yr | −29.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | −69.4%−11.2%/yr | −73.9% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | −87.5%−12.9%/yr | −89.3% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionJan 25, 2007 | −91.9%−11.9%/yr | −93.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SBB vs SPY
From Jan 25, 2007: SBB grew to $812, SPY to $76,577.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SBB returns by calendar year
3 of 18 full years positive. Best 2008 (+24.1%), worst 2013 (−31.3%). 2026 is year to date.
SBB annual returns table
| Year | SBB | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −11.2% | −19.2% | +12.3% | +15.1% | −1.0% |
| 2025 | −3.6% | −27.0% | +17.7% | +20.8% | +7.2% |
| 2024 | −3.7% | −18.4% | +24.9% | +25.6% | +1.3% |
| 2023 | −10.4% | −20.6% | +26.2% | +54.9% | +5.7% |
| 2022 | +13.8% | −16.6% | −18.2% | −32.6% | −13.0% |
| 2021 | −25.4% | −28.8% | +28.7% | +27.4% | −1.8% |
| 2020 | −26.5% | −53.8% | +18.3% | +48.6% | +7.5% |
| 2019 | −18.6% | −19.7% | +31.2% | +39.0% | +8.5% |
| 2018 | +8.4% | −19.0% | −4.6% | −0.1% | +0.1% |
| 2017 | −12.7% | −15.0% | +21.7% | +32.7% | +3.6% |
| 2016 | −24.1% | −34.5% | +12.0% | +7.1% | +2.4% |
| 2015 | −2.4% | −12.1% | +1.2% | +9.4% | +0.5% |
| 2014 | −8.0% | −15.5% | +13.5% | +19.2% | +6.0% |
| 2013 | −31.3% | −29.7% | +32.3% | +36.6% | −2.0% |
| 2012 | −17.3% | −17.5% | +16.0% | +18.1% | +3.8% |
| 2011 | −11.8% | −23.6% | +1.9% | +3.4% | +7.7% |
| 2010 | −26.3% | −31.4% | +15.1% | +19.9% | +6.4% |
| 2009 | −30.6% | −51.9% | +26.4% | +54.7% | +3.0% |
| 2008 | +24.1% | −26.2% | −36.8% | −41.7% | +7.9% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SBB largest drawdowns
Now 95.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 9, 2009 | −96.0% | Aug 4, 2026 | not yet | 17.4 years | 17.6 years so far |
| Nov 20, 2008 | −28.0% | Jan 6, 2009 | Mar 5, 2009 | 47 days | 3 months |
| Oct 27, 2008 | −17.0% | Nov 4, 2008 | Nov 19, 2008 | 8 days | 23 days |
| Jan 25, 2008 | −15.3% | Jun 5, 2008 | Oct 6, 2008 | 4 months | 8 months |
| Aug 15, 2007 | −10.5% | Oct 5, 2007 | Nov 15, 2007 | 51 days | 3 months |
| Oct 9, 2008 | −10.4% | Oct 13, 2008 | Oct 23, 2008 | 4 days | 14 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SBB risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2007 |
|---|---|---|---|---|
| Annualized return | −10.0% | −4.5% | −10.8% | −11.9% |
| Volatility (annualized) | 18.5% | 19.9% | 20.4% | 19.6% |
| Sharpe ratio | -0.71 | -0.31 | -0.57 | -0.62 |
| Sortino ratio | -0.85 | -0.40 | -0.73 | -0.80 |
| Best month | +9.3% | +10.9% | +18.5% | +18.5% |
| Worst month | −11.5% | −11.5% | −16.3% | −16.4% |
| Best 12 months | +7.5% | +17.0% | +23.8% | +44.6% |
| Worst 12 months | −25.3% | −25.3% | −55.3% | −55.3% |
| Positive months | 44% | 48% | 40% | 38% |
| Beta vs S&P 500 | -1.05 | -1.01 | -1.10 | — |
| Correlation with S&P 500 | -0.70 | -0.80 | -0.83 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SBB rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 226 | −55.3% | −11.4% | +44.6% | 23% |
| 3-year (a year) | 202 | −31.1% | −14.0% | +2.0% | 1% |
| 5-year (a year) | 178 | −27.5% | −13.7% | −3.7% | 0% |
| 10-year (a year) | 118 | −19.6% | −14.0% | −9.7% | 0% |
Every holding period starting at a month-end since 2007. Returns for 3 years and longer are annualized.
SBB performance overview
ProShares Short SmallCap600 (SBB) returned −11.0% over the past year and −11.2% a year over ten years, with distributions reinvested. Since its first recorded price in 2007 it has returned −11.9% a year, turning $10,000 into about $812. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −96.0%, from Mar 9, 2009 to Aug 4, 2026; the fund has not yet regained that high. SBB finished 3 of its 18 full calendar years with a gain; the best year was 2008 (+24.1%) and the worst 2013 (−31.3%). Volatility has been 19.6% a year.
Related: SBB chart, SBB dividends. See the SBB overview for the latest quote and fund facts.
SBB performance FAQ
What is the SBB return over the past year?
SBB returned −11.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 13.8%.
What is the average annual return of SBB?
SBB has returned −4.0% a year over 5 years, −11.2% a year over 10 years, −11.9% a year since January 25, 2007 (total return, distributions reinvested).
How much would $10,000 invested in SBB be worth?
$10,000 invested in SBB at its first recorded close on January 25, 2007 would be worth about $812 on October 23, 2026 with distributions reinvested.
What was the worst year for SBB?
The worst calendar year was 2013, with a total return of −31.3%. The best was 2008 at +24.1%.
What is the biggest drawdown of SBB?
The largest peak-to-trough decline was −96.0% between March 9, 2009 and August 4, 2026. It has not yet recovered to that high; it is 95.6% below its peak.
How volatile is SBB?
Over the past 3 years SBB had an annualized volatility of 18.5% and a Sharpe ratio of -0.71 (excess return over 1–3 month T-bills per unit of risk).