ProShares UltraShort SmallCap600 (SDD) Performance
SDD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −24.0% since Dec 31, 2025
- 1 year
- −24.8% total return
- 5 years
- −14.1% a year
- 10 years
- −26.1% a year
- Since first price
- −27.4% a year since 2007
SDD trailing returns vs SPY, QQQ, AGG
| Period | SDD 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 | +10.5% | +9.7% | +3.2% | +1.9% | −0.4% |
| 6 months | −3.1% | −4.8% | +7.8% | +8.4% | −1.5% |
| YTD | −24.0% | −25.9% | +12.3% | +15.1% | −1.0% |
| 1 year | −24.8% | −27.9% | +14.4% | +15.9% | −1.1% |
| 3 years | −62.9%−28.1%/yr | −67.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −53.2%−14.1%/yr | −59.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | −95.2%−26.1%/yr | −95.9% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | −99.3%−28.0%/yr | −99.4% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionJan 25, 2007 | −99.8%−27.4%/yr | −99.9% | — | — | — |
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: SDD vs SPY
From Jan 25, 2007: SDD grew to $18, SPY to $76,577.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SDD returns by calendar year
3 of 18 full years positive. Best 2008 (+25.4%), worst 2009 (−57.1%). 2026 is year to date.
SDD annual returns table
| Year | SDD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −24.0% | −35.9% | +12.3% | +15.1% | −1.0% |
| 2025 | −14.7% | −50.1% | +17.7% | +20.8% | +7.2% |
| 2024 | −13.6% | −36.4% | +24.9% | +25.6% | +1.3% |
| 2023 | −26.0% | −37.5% | +26.2% | +54.9% | +5.7% |
| 2022 | +20.5% | −31.3% | −18.2% | −32.6% | −13.0% |
| 2021 | −46.6% | −50.8% | +28.7% | +27.4% | −1.8% |
| 2020 | −55.1% | −80.7% | +18.3% | +48.6% | +7.5% |
| 2019 | −36.3% | −38.0% | +31.2% | +39.0% | +8.5% |
| 2018 | +14.1% | −35.2% | −4.6% | −0.1% | +0.1% |
| 2017 | −25.5% | −29.3% | +21.7% | +32.7% | +3.6% |
| 2016 | −43.7% | −57.4% | +12.0% | +7.1% | +2.4% |
| 2015 | −4.2% | −21.6% | +1.2% | +9.4% | +0.5% |
| 2014 | −18.7% | −29.7% | +13.5% | +19.2% | +6.0% |
| 2013 | −53.7% | −51.4% | +32.3% | +36.6% | −2.0% |
| 2012 | −33.0% | −32.1% | +16.0% | +18.1% | +3.8% |
| 2011 | −29.2% | −43.4% | +1.9% | +3.4% | +7.7% |
| 2010 | −48.4% | −55.2% | +15.1% | +19.9% | +6.4% |
| 2009 | −57.1% | −78.6% | +26.4% | +54.7% | +3.0% |
| 2008 | +25.4% | −48.2% | −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.
SDD largest drawdowns
Now 99.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 9, 2009 | −99.9% | Aug 4, 2026 | not yet | 17.4 years | 17.6 years so far |
| Nov 20, 2008 | −50.2% | Jan 6, 2009 | Mar 9, 2009 | 47 days | 4 months |
| Oct 27, 2008 | −33.4% | Nov 4, 2008 | Nov 19, 2008 | 8 days | 23 days |
| Jan 22, 2008 | −30.8% | Sep 19, 2008 | Oct 6, 2008 | 8 months | 8 months |
| Mar 5, 2007 | −21.8% | Jun 4, 2007 | Nov 19, 2007 | 3 months | 9 months |
| Oct 9, 2008 | −21.8% | 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.
SDD risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2007 |
|---|---|---|---|---|
| Annualized return | −24.6% | −15.0% | −25.6% | −27.3% |
| Volatility (annualized) | 36.4% | 39.4% | 39.7% | 38.0% |
| Sharpe ratio | -0.70 | -0.30 | -0.59 | -0.67 |
| Sortino ratio | -0.85 | -0.40 | -0.76 | -0.85 |
| Best month | +19.0% | +21.3% | +28.0% | +32.2% |
| Worst month | −22.0% | −22.0% | −30.3% | −31.6% |
| Best 12 months | +8.7% | +28.7% | +35.2% | +69.1% |
| Worst 12 months | −47.8% | −47.8% | −81.9% | −81.9% |
| Positive months | 44% | 48% | 40% | 38% |
| Beta vs S&P 500 | -2.04 | -2.00 | -2.14 | — |
| 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.
SDD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 226 | −81.9% | −26.1% | +69.1% | 18% |
| 3-year (a year) | 202 | −56.2% | −28.9% | −2.1% | 0% |
| 5-year (a year) | 178 | −50.1% | −29.8% | −11.6% | 0% |
| 10-year (a year) | 118 | −37.8% | −29.9% | −23.2% | 0% |
Every holding period starting at a month-end since 2007. Returns for 3 years and longer are annualized.
SDD performance overview
ProShares UltraShort SmallCap600 (SDD) returned −24.8% over the past year and −26.1% a year over ten years, with distributions reinvested. Since its first recorded price in 2007 it has returned −27.4% a year, turning $10,000 into about $18. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −99.9%, from Mar 9, 2009 to Aug 4, 2026; the fund has not yet regained that high. SDD finished 3 of its 18 full calendar years with a gain; the best year was 2008 (+25.4%) and the worst 2009 (−57.1%). Volatility has been 38.0% a year.
Related: SDD chart, SDD dividends. See the SDD overview for the latest quote and fund facts.
SDD performance FAQ
What is the SDD return over the past year?
SDD returned −24.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 27.9%.
What is the average annual return of SDD?
SDD has returned −14.1% a year over 5 years, −26.1% a year over 10 years, −27.4% a year since January 25, 2007 (total return, distributions reinvested).
How much would $10,000 invested in SDD be worth?
$10,000 invested in SDD at its first recorded close on January 25, 2007 would be worth about $18 on October 23, 2026 with distributions reinvested.
What was the worst year for SDD?
The worst calendar year was 2009, with a total return of −57.1%. The best was 2008 at +25.4%.
What is the biggest drawdown of SDD?
The largest peak-to-trough decline was −99.9% between March 9, 2009 and August 4, 2026. It has not yet recovered to that high; it is 99.9% below its peak.
How volatile is SDD?
Over the past 3 years SDD had an annualized volatility of 36.4% and a Sharpe ratio of -0.70 (excess return over 1–3 month T-bills per unit of risk).