ProShares UltraShort Consumer Goods (SZK) Performance
SZK total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −24.2% since Dec 31, 2025
- 1 year
- −20.1% total return
- 5 years
- −3.6% a year
- 10 years
- −17.4% a year
- Since first price
- −19.6% a year since 2007
SZK trailing returns vs SPY, QQQ, AGG
| Period | SZK total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −13.1% | −13.1% | −1.0% | −5.0% | +0.9% |
| 3 months | −12.1% | −15.4% | +3.2% | +1.9% | −0.4% |
| 6 months | −12.1% | −15.9% | +7.8% | +8.4% | −1.5% |
| YTD | −24.2% | −27.6% | +12.3% | +15.1% | −1.0% |
| 1 year | −20.1% | −24.3% | +14.4% | +15.9% | −1.1% |
| 3 years | −39.4%−15.4%/yr | −47.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −17.0%−3.6%/yr | −30.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | −85.1%−17.4%/yr | −87.8% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | −96.8%−20.5%/yr | −97.4% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionFeb 1, 2007 | −98.7%−19.6%/yr | −99.2% | — | — | — |
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: SZK vs SPY
From Feb 1, 2007: SZK grew to $134, SPY to $75,332.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SZK returns by calendar year
4 of 18 full years positive. Best 2022 (+47.2%), worst 2020 (−58.2%). 2026 is year to date.
SZK annual returns table
| Year | SZK | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −24.2% | −28.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +3.4% | −16.4% | +17.7% | +20.8% | +7.2% |
| 2024 | −11.3% | −24.7% | +24.9% | +25.6% | +1.3% |
| 2023 | −3.1% | −20.6% | +26.2% | +54.9% | +5.7% |
| 2022 | +47.2% | −31.5% | −18.2% | −32.6% | −13.0% |
| 2021 | −37.8% | −42.8% | +28.7% | +27.4% | −1.8% |
| 2020 | −58.2% | −75.6% | +18.3% | +48.6% | +7.5% |
| 2019 | −39.4% | −41.3% | +31.2% | +39.0% | +8.5% |
| 2018 | +33.7% | −18.0% | −4.6% | −0.1% | +0.1% |
| 2017 | −27.2% | −27.8% | +21.7% | +32.7% | +3.6% |
| 2016 | −13.1% | −31.8% | +12.0% | +7.1% | +2.4% |
| 2015 | −22.7% | −22.7% | +1.2% | +9.4% | +0.5% |
| 2014 | −20.2% | −36.1% | +13.5% | +19.2% | +6.0% |
| 2013 | −44.1% | −42.9% | +32.3% | +36.6% | −2.0% |
| 2012 | −25.2% | −26.0% | +16.0% | +18.1% | +3.8% |
| 2011 | −24.3% | −27.5% | +1.9% | +3.4% | +7.7% |
| 2010 | −34.9% | −38.0% | +15.1% | +19.9% | +6.4% |
| 2009 | −42.9% | −62.6% | +26.4% | +54.7% | +3.0% |
| 2008 | +46.9% | −25.0% | −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.
SZK largest drawdowns
Now 99.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 9, 2009 | −99.4% | Jan 4, 2022 | not yet | 12.8 years | 17.6 years so far |
| Nov 20, 2008 | −27.9% | Jan 2, 2009 | Feb 26, 2009 | 43 days | 3 months |
| Oct 27, 2008 | −25.0% | Nov 4, 2008 | Nov 20, 2008 | 8 days | 24 days |
| Jul 2, 2008 | −19.8% | Sep 12, 2008 | Oct 6, 2008 | 2 months | 3 months |
| Mar 14, 2007 | −17.7% | Dec 10, 2007 | Jan 17, 2008 | 9 months | 10 months |
| Oct 10, 2008 | −15.9% | Oct 13, 2008 | Oct 15, 2008 | 3 days | 5 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SZK risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2007 |
|---|---|---|---|---|
| Annualized return | −8.4% | −2.8% | −15.6% | −19.2% |
| Volatility (annualized) | 23.8% | 30.0% | 29.3% | 27.2% |
| Sharpe ratio | -0.44 | -0.07 | -0.50 | -0.69 |
| Sortino ratio | -0.60 | -0.10 | -0.65 | -0.88 |
| Best month | +19.4% | +19.5% | +19.5% | +27.5% |
| Worst month | −13.7% | −21.4% | −22.5% | −22.5% |
| Best 12 months | +14.1% | +47.2% | +47.2% | +70.9% |
| Worst 12 months | −27.8% | −27.8% | −68.9% | −68.9% |
| Positive months | 42% | 45% | 40% | 36% |
| Beta vs S&P 500 | -0.71 | -1.32 | -1.44 | — |
| Correlation with S&P 500 | -0.37 | -0.69 | -0.75 | — |
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.
SZK rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 225 | −68.9% | −20.2% | +70.9% | 21% |
| 3-year (a year) | 201 | −46.0% | −23.3% | +8.1% | 4% |
| 5-year (a year) | 177 | −38.2% | −24.5% | −1.7% | 0% |
| 10-year (a year) | 117 | −28.6% | −23.4% | −15.6% | 0% |
Every holding period starting at a month-end since 2007. Returns for 3 years and longer are annualized.
SZK performance overview
ProShares UltraShort Consumer Goods (SZK) returned −20.1% over the past year and −17.4% a year over ten years, with distributions reinvested. Since its first recorded price in 2007 it has returned −19.6% a year, turning $10,000 into about $134. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −99.4%, from Mar 9, 2009 to Jan 4, 2022; the fund has not yet regained that high. SZK finished 4 of its 18 full calendar years with a gain; the best year was 2022 (+47.2%) and the worst 2020 (−58.2%). Volatility has been 27.2% a year.
Related: SZK chart, SZK dividends. See the SZK overview for the latest quote and fund facts.
SZK performance FAQ
What is the SZK return over the past year?
SZK returned −20.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 24.3%.
What is the average annual return of SZK?
SZK has returned −3.6% a year over 5 years, −17.4% a year over 10 years, −19.6% a year since February 1, 2007 (total return, distributions reinvested).
How much would $10,000 invested in SZK be worth?
$10,000 invested in SZK at its first recorded close on February 1, 2007 would be worth about $134 on October 23, 2026 with distributions reinvested.
What was the worst year for SZK?
The worst calendar year was 2020, with a total return of −58.2%. The best was 2022 at +47.2%.
What is the biggest drawdown of SZK?
The largest peak-to-trough decline was −99.4% between March 9, 2009 and January 4, 2022. It has not yet recovered to that high; it is 99.4% below its peak.
How volatile is SZK?
Over the past 3 years SZK had an annualized volatility of 23.8% and a Sharpe ratio of -0.44 (excess return over 1–3 month T-bills per unit of risk).