ProShares UltraShort Utilities (SDP) Performance
SDP total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −2.0% since Dec 31, 2025
- 1 year
- +9.3% total return
- 5 years
- −13.9% a year
- 10 years
- −20.6% a year
- Since first price
- −20.7% a year since 2007
SDP trailing returns vs SPY, QQQ, AGG
| Period | SDP total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −12.9% | −12.9% | −1.0% | −5.0% | +0.9% |
| 3 months | +16.4% | +15.6% | +3.2% | +1.9% | −0.4% |
| 6 months | +15.2% | +13.6% | +7.8% | +8.4% | −1.5% |
| YTD | −2.0% | −3.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +9.3% | +5.4% | +14.4% | +15.9% | −1.1% |
| 3 years | −56.7%−24.3%/yr | −61.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −52.7%−13.9%/yr | −58.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | −90.1%−20.6%/yr | −91.4% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | −97.5%−21.9%/yr | −97.9% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionMar 14, 2007 | −99.0%−20.7%/yr | −99.4% | — | — | — |
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: SDP vs SPY
From Mar 14, 2007: SDP grew to $105, SPY to $78,215.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SDP returns by calendar year
3 of 18 full years positive. Best 2008 (+39.1%), worst 2014 (−43.3%). 2026 is year to date.
SDP annual returns table
| Year | SDP | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −2.0% | −22.7% | +12.3% | +15.1% | −1.0% |
| 2025 | −22.6% | −37.8% | +17.7% | +20.8% | +7.2% |
| 2024 | −30.1% | −47.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +18.9% | −27.2% | +26.2% | +54.9% | +5.7% |
| 2022 | −12.5% | −35.7% | −18.2% | −32.6% | −13.0% |
| 2021 | −33.1% | −40.5% | +28.7% | +27.4% | −1.8% |
| 2020 | −36.3% | −63.8% | +18.3% | +48.6% | +7.5% |
| 2019 | −35.6% | −37.9% | +31.2% | +39.0% | +8.5% |
| 2018 | −9.3% | −35.1% | −4.6% | −0.1% | +0.1% |
| 2017 | −22.0% | −32.4% | +21.7% | +32.7% | +3.6% |
| 2016 | −32.2% | −38.5% | +12.0% | +7.1% | +2.4% |
| 2015 | +0.5% | −20.8% | +1.2% | +9.4% | +0.5% |
| 2014 | −43.3% | −48.9% | +13.5% | +19.2% | +6.0% |
| 2013 | −29.6% | −29.8% | +32.3% | +36.6% | −2.0% |
| 2012 | −4.5% | −21.8% | +16.0% | +18.1% | +3.8% |
| 2011 | −36.9% | −37.2% | +1.9% | +3.4% | +7.7% |
| 2010 | −19.8% | −30.7% | +15.1% | +19.9% | +6.4% |
| 2009 | −33.3% | −59.0% | +26.4% | +54.7% | +3.0% |
| 2008 | +39.1% | −43.1% | −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.
SDP largest drawdowns
Now 99.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 10, 2008 | −99.6% | Feb 27, 2026 | not yet | 17.4 years | 18.0 years so far |
| Aug 15, 2007 | −25.2% | Dec 10, 2007 | Aug 4, 2008 | 4 months | 12 months |
| Mar 14, 2007 | −19.8% | May 18, 2007 | Jul 27, 2007 | 2 months | 4 months |
| Sep 17, 2008 | −12.3% | Sep 19, 2008 | Oct 2, 2008 | 2 days | 15 days |
| Aug 3, 2007 | −10.6% | Aug 8, 2007 | Aug 15, 2007 | 5 days | 12 days |
| Aug 4, 2008 | −10.1% | Aug 28, 2008 | Sep 4, 2008 | 24 days | 31 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SDP risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2007 |
|---|---|---|---|---|
| Annualized return | −19.4% | −13.2% | −19.1% | −19.9% |
| Volatility (annualized) | 29.7% | 33.2% | 29.9% | 28.9% |
| Sharpe ratio | -0.72 | -0.37 | -0.63 | -0.67 |
| Sortino ratio | -0.94 | -0.51 | -0.83 | -0.89 |
| Best month | +18.4% | +25.2% | +25.2% | +27.7% |
| Worst month | −17.7% | −17.8% | −18.8% | −18.8% |
| Best 12 months | +18.8% | +27.0% | +27.0% | +57.4% |
| Worst 12 months | −47.5% | −47.5% | −47.5% | −47.5% |
| Positive months | 33% | 40% | 38% | 35% |
| Beta vs S&P 500 | -0.60 | -1.12 | -0.86 | — |
| Correlation with S&P 500 | -0.25 | -0.53 | -0.44 | — |
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.
SDP rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 224 | −47.5% | −25.7% | +57.4% | 13% |
| 3-year (a year) | 200 | −35.0% | −24.0% | −1.6% | 0% |
| 5-year (a year) | 176 | −31.5% | −24.0% | −13.2% | 0% |
| 10-year (a year) | 116 | −27.3% | −23.9% | −19.1% | 0% |
Every holding period starting at a month-end since 2007. Returns for 3 years and longer are annualized.
SDP performance overview
ProShares UltraShort Utilities (SDP) returned +9.3% over the past year and −20.6% a year over ten years, with distributions reinvested. Since its first recorded price in 2007 it has returned −20.7% a year, turning $10,000 into about $105. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −99.6%, from Oct 10, 2008 to Feb 27, 2026; the fund has not yet regained that high. SDP finished 3 of its 18 full calendar years with a gain; the best year was 2008 (+39.1%) and the worst 2014 (−43.3%). Volatility has been 28.9% a year.
Related: SDP chart, SDP holdings, SDP dividends, SDP valuation. See the SDP overview for the latest quote and fund facts.
SDP performance FAQ
What is the SDP return over the past year?
SDP returned +9.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 5.4%.
What is the average annual return of SDP?
SDP has returned −13.9% a year over 5 years, −20.6% a year over 10 years, −20.7% a year since March 14, 2007 (total return, distributions reinvested).
How much would $10,000 invested in SDP be worth?
$10,000 invested in SDP at its first recorded close on March 14, 2007 would be worth about $105 on October 23, 2026 with distributions reinvested.
What was the worst year for SDP?
The worst calendar year was 2014, with a total return of −43.3%. The best was 2008 at +39.1%.
What is the biggest drawdown of SDP?
The largest peak-to-trough decline was −99.6% between October 10, 2008 and February 27, 2026. It has not yet recovered to that high; it is 99.5% below its peak.
How volatile is SDP?
Over the past 3 years SDP had an annualized volatility of 29.7% and a Sharpe ratio of -0.72 (excess return over 1–3 month T-bills per unit of risk).