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ProShares UltraShort Consumer Discretionary

SCC
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 30 2007
Expense Ratio
0.95%
Type
US Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$127,461
AUM
$2,636,740
Associated Index
S&P Consumer Discretionary Select Sector Index
Inverse/Leveraged
Inverse (-2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus

Top 10 Holdings

n/a
Derivatives offset
200.15%
n/a
Net Other Assets (Liabilities)
100.00%
Invest with SCC

What is SCC?

ProShares UltraShort Consumer Discretionary seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the S&P Consumer Discretionary Select Sector Index.

ETFs related toSCC

ETFs correlated to SCC include SQQQ, HIBS, SPXU

SCC
ProShares Trust - ProShares UltraShort Consumer Discretionary
SQQQ
ProShares Trust - ProShares UltraPro Short QQQ -3x Shares
HIBS
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bear 3X Shares
SPXU
ProShares Trust - ProShares UltraPro Short S&P 500
PSQ
ProShares Trust - ProShares Short QQQ -1x Shares
QID
ProShares Trust - ProShares UltraShort QQQ -2x Shares
SPDN
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X Shares
SH
ProShares Trust - ProShares Short S&P500 -1x Shares
SPXS
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear -3X Shares
SDS
ProShares Trust - ProShares UltraShort S&P500 -2x Shares
WEBS
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bear -3X Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toSCC

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with SCC using Composer

FAQ

SCC is a US Equities ETF. ProShares UltraShort Consumer Discretionary seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the S&P Consumer Discretionary Select Sector Index.

SCC tracks the S&P Consumer Discretionary Select Sector Index.

No, SCC is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SCC is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SCC is -0.1401%. This is the percent change in the value of SCC over the most recent 1-month period. The 3-month return on SCC is -0.145%. This is the percent change in the value of SCC over the most recent 3-month period.

The standard deviation of SCC for the past year is 0.5023%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SCC include UCC, SOXL, and QLD.

ETFs correlated to SCC include SQQQ, HIBS, and SPXU.

ETFs that are inversely correlated to SCC include IYC, FDIS, and VCR.

Yes, SCC is a Inverse (-2x) ETF: This means that SCC will try to match the performance of S&P Consumer Discretionary Select Sector Index, but with 2x the returns.

Yes, SCC is a Inverse (-2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of S&P Consumer Discretionary Select Sector Index, but move 2x in the opposite direction.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.