ProShares UltraShort Financials (SKF) Performance
SKF total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −3.5% since Dec 31, 2025
- 1 year
- −10.9% total return
- 5 years
- −15.5% a year
- 10 years
- −26.6% a year
- Since first price
- −27.7% a year since 2007
SKF trailing returns vs SPY, QQQ, AGG
| Period | SKF total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −4.3% | −4.3% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.5% | −0.2% | +3.2% | +1.9% | −0.4% |
| 6 months | −13.0% | −14.5% | +7.8% | +8.4% | −1.5% |
| YTD | −3.5% | −5.5% | +12.3% | +15.1% | −1.0% |
| 1 year | −10.9% | −13.9% | +14.4% | +15.9% | −1.1% |
| 3 years | −66.1%−30.3%/yr | −70.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −56.8%−15.5%/yr | −63.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | −95.4%−26.6%/yr | −96.2% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | −99.3%−28.3%/yr | −99.4% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionFeb 1, 2007 | −99.8%−27.7%/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: SKF vs SPY
From Feb 1, 2007: SKF grew to $17, SPY to $75,332.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SKF returns by calendar year
3 of 18 full years positive. Best 2022 (+17.6%), worst 2009 (−76.5%). 2026 is year to date.
SKF annual returns table
| Year | SKF | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −3.5% | −32.5% | +12.3% | +15.1% | −1.0% |
| 2025 | −24.0% | −38.0% | +17.7% | +20.8% | +7.2% |
| 2024 | −36.3% | −44.9% | +24.9% | +25.6% | +1.3% |
| 2023 | −21.8% | −31.8% | +26.2% | +54.9% | +5.7% |
| 2022 | +17.6% | −30.4% | −18.2% | −32.6% | −13.0% |
| 2021 | −47.7% | −50.2% | +28.7% | +27.4% | −1.8% |
| 2020 | −42.4% | −73.4% | +18.3% | +48.6% | +7.5% |
| 2019 | −43.0% | −44.5% | +31.2% | +39.0% | +8.5% |
| 2018 | +16.4% | −19.8% | −4.6% | −0.1% | +0.1% |
| 2017 | −31.7% | −33.1% | +21.7% | +32.7% | +3.6% |
| 2016 | −33.3% | −53.4% | +12.0% | +7.1% | +2.4% |
| 2015 | −8.6% | −22.9% | +1.2% | +9.4% | +0.5% |
| 2014 | −28.0% | −36.9% | +13.5% | +19.2% | +6.0% |
| 2013 | −48.1% | −45.4% | +32.3% | +36.6% | −2.0% |
| 2012 | −43.5% | −42.4% | +16.0% | +18.1% | +3.8% |
| 2011 | −5.4% | −37.8% | +1.9% | +3.4% | +7.7% |
| 2010 | −35.3% | −40.9% | +15.1% | +19.9% | +6.4% |
| 2009 | −76.5% | −91.0% | +26.4% | +54.7% | +3.0% |
| 2008 | +3.6% | −60.9% | −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.
SKF largest drawdowns
Now 99.96% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 20, 2008 | −99.96% | Sep 3, 2026 | not yet | 17.8 years | 17.9 years so far |
| Jul 15, 2008 | −52.7% | Sep 26, 2008 | Nov 19, 2008 | 2 months | 4 months |
| Mar 10, 2008 | −33.7% | May 2, 2008 | Jun 23, 2008 | 53 days | 3 months |
| Jan 18, 2008 | −28.7% | Feb 1, 2008 | Mar 6, 2008 | 14 days | 48 days |
| Nov 26, 2007 | −22.5% | Dec 10, 2007 | Jan 4, 2008 | 14 days | 39 days |
| Aug 15, 2007 | −21.7% | Oct 9, 2007 | Nov 2, 2007 | 55 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SKF risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2007 |
|---|---|---|---|---|
| Annualized return | −26.4% | −16.6% | −26.0% | −27.8% |
| Volatility (annualized) | 28.5% | 34.6% | 33.1% | 39.1% |
| Sharpe ratio | -1.07 | -0.45 | -0.80 | -0.66 |
| Sortino ratio | -1.23 | -0.60 | -0.99 | -0.83 |
| Best month | +16.3% | +21.6% | +22.7% | +42.0% |
| Worst month | −18.4% | −19.8% | −25.9% | −44.8% |
| Best 12 months | +2.4% | +29.5% | +29.5% | +114.9% |
| Worst 12 months | −48.8% | −48.8% | −68.9% | −87.1% |
| Positive months | 42% | 47% | 41% | 40% |
| Beta vs S&P 500 | -1.44 | -1.73 | -1.81 | — |
| Correlation with S&P 500 | -0.63 | -0.78 | -0.84 | — |
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.
SKF rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 225 | −87.1% | −27.3% | +114.9% | 12% |
| 3-year (a year) | 201 | −59.7% | −28.6% | −11.5% | 0% |
| 5-year (a year) | 177 | −52.5% | −30.0% | −15.9% | 0% |
| 10-year (a year) | 117 | −39.3% | −28.3% | −23.8% | 0% |
Every holding period starting at a month-end since 2007. Returns for 3 years and longer are annualized.
SKF performance overview
ProShares UltraShort Financials (SKF) returned −10.9% over the past year and −26.6% a year over ten years, with distributions reinvested. Since its first recorded price in 2007 it has returned −27.7% a year, turning $10,000 into about $17. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −99.96%, from Nov 20, 2008 to Sep 3, 2026; the fund has not yet regained that high. SKF finished 3 of its 18 full calendar years with a gain; the best year was 2022 (+17.6%) and the worst 2009 (−76.5%). Volatility has been 39.1% a year.
Related: SKF chart, SKF holdings, SKF dividends, SKF valuation. See the SKF overview for the latest quote and fund facts.
SKF performance FAQ
What is the SKF return over the past year?
SKF returned −10.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 13.9%.
What is the average annual return of SKF?
SKF has returned −15.5% a year over 5 years, −26.6% a year over 10 years, −27.7% a year since February 1, 2007 (total return, distributions reinvested).
How much would $10,000 invested in SKF be worth?
$10,000 invested in SKF at its first recorded close on February 1, 2007 would be worth about $17 on October 23, 2026 with distributions reinvested.
What was the worst year for SKF?
The worst calendar year was 2009, with a total return of −76.5%. The best was 2022 at +17.6%.
What is the biggest drawdown of SKF?
The largest peak-to-trough decline was −99.96% between November 20, 2008 and September 3, 2026. It has not yet recovered to that high; it is 99.96% below its peak.
How volatile is SKF?
Over the past 3 years SKF had an annualized volatility of 28.5% and a Sharpe ratio of -1.07 (excess return over 1–3 month T-bills per unit of risk).