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ETFs

ProShares Short S&P500

SH
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Jun 19, 2006
Expense Ratio
0.89%
Type
US Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$292,515,508
AUM
$1,823,984,157
Associated Index
S&P 500 Index
Inverse/Leveraged
Inverse (-1)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

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Derivatives offset
100%
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Net Other Assets (Liabilities)
24.59%
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TREASURY BILL
8.14%
—
UNITED STATES OF AMERICA BILL ZERO CPN 14/MAR/2024 USD 100
8.02%
—
TREASURY BILL
6.79%
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TREASURY BILL
5.48%
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TREASURY BILL
5.46%
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TREASURY BILL
5.44%
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TREASURY BILL
5.4%
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TREASURY BILL
4.09%
Invest with SH
Trade SH Options

What is SH?

ProShares Short S&P500 seeks daily investment results before fees and expenses that correspond to the inverse (opposite) of the daily performance of the S&P500 Index.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

SH
Performance Measures**

for the time period Jun 21, 2006 to Dec 4, 2025

Returns

1M Trailing Return: -0.9%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: -4.0%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -94.3%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 19.5%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: -0.52

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: -0.12

The annualized return divided by the max drawdown for the selected time period.

ETFs related toSH

ETFs correlated to SH include SDS, SPXS, SPXU

SH
ProShares Trust - ProShares Short S&P500 -1x Shares
SDS
ProShares Trust - ProShares UltraShort S&P500 -2x Shares
SPXS
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear -3X Shares
SPXU
ProShares Trust - ProShares UltraPro Short S&P 500
SPDN
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X Shares
PSQ
ProShares Trust - ProShares Short QQQ -1x Shares
QID
ProShares Trust - ProShares UltraShort QQQ -2x Shares
SQQQ
ProShares Trust - ProShares UltraPro Short QQQ -3x Shares
HIBS
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bear 3X Shares
DOG
ProShares Trust - ProShares Short Dow30 -1x Shares
SDOW
ProShares Trust - ProShares UltraPro Short Dow30 -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.

Trading Strategies
Related toSH

V1a WAM 28 Oct 2011 - K-1 Free

Category

Tactical allocation, leveraged ETFs, inverse ETFs, RSI signals, mean reversion + momentum, risk-on/risk-off, short-term rotation

OOS Cumulative Return

501.41%

V 1.0.0 | 🦠Amoeba | BT JAN 14 2014 | 311.8% AR, 40.5% DD (Dec 12th 2022)

Category

Tactical trading, leveraged ETFs, trend following, mean reversion, volatility hedging, tech/semis

OOS Cumulative Return

439.08%

Create your own algorithmic trading strategy with SH using Composer

FAQ

SH is a US Equities ETF. ProShares Short S&P500 seeks daily investment results before fees and expenses that correspond to the inverse (opposite) of the daily performance of the S&P500 Index.

SH tracks the S&P 500 Index.

No, SH 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, SH 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 SH is 0.0147%. This is the percent change in the value of SH over the most recent 1-month period. The 3-month return on SH is 0.0154%. This is the percent change in the value of SH over the most recent 3-month period.

The standard deviation of SH for the past year is 0.1722%. 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 SH include UAPR, UAUG, and ACIO.

ETFs correlated to SH include SDS, SPXS, and SPXU.

ETFs that are inversely correlated to SH include SPXL, SPY, and UPRO.

No, SH is not a leveraged ETF.

Yes, SH is a Inverse (-1) leveraged ETF: This means that SH will try to match the performance of S&P 500 Index, but move 1x 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.