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ETFs

ProShares UltraShort Financials

SKF
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Jan 30, 2007
Expense Ratio
0.95%
Type
US Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$553,358
AUM
$20,220,947
Associated Index
S&P Financial Select Sector Index
Inverse/Leveraged
Inverse (-2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

—
Derivatives offset
199.64%
—
Net Other Assets (Liabilities)
100%
Invest with SKF
Trade SKF Options

What is SKF?

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

1M
3M
6M
YTD
1Y
3Y
Max
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SKF
Performance Measures**

for the time period Feb 1, 2007 to Dec 4, 2025

Returns

1M Trailing Return: -3.5%

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

3M Trailing Return: 1.6%

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

Measures of Risk or Volatility

Max Drawdown: -99.4%

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

Standard Deviation: 35.2%

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: -0.58

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: -0.23

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

ETFs related toSKF

ETFs correlated to SKF include FAZ, BNKD, DOG

SKF
ProShares Trust - ProShares UltraShort Financials -2x Shares
FAZ
Direxion Shares ETF Trust - Direxion Daily Financial Bear 3x Shares
BNKD
Bank of Montreal - MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs
DOG
ProShares Trust - ProShares Short Dow30 -1x Shares
DXD
ProShares Trust - ProShares UltraShort Dow 30-2X Shares
SDOW
ProShares Trust - ProShares UltraPro Short Dow30 -3x Shares
TWM
ProShares Trust - ProShares UltraShort Russell2000 -2x Shares
RWM
ProShares Trust - ProShares Short Russell2000 -1x Shares
TZA
Direxion Shares ETF Trust - Direxion Daily Small Cap Bear 3X Shares
SRTY
ProShares Trust - ProShares UltraPro Short Russell2000 -3x Shares
SH
ProShares Trust - ProShares Short S&P500 -1x 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 toSKF

Project Shiny Christmas - Christmas 2023 Competition Entry

Category

Tactical sector rotation, RSI gating, leveraged 2x ETFs, volatility targeting, Treasuries momentum, UVXy hedge

OOS Cumulative Return

97.58%

Simon | KMLM switcher | Simon Shorts Ed. + MbM | (single pops)| BT 4/13/22

Category

Trend-following, RSI momentum, volatility hedging, leveraged ETFs, inverse ETFs, managed futures (KMLM), bonds/cash, tech/semis/small-cap/biotech, risk-on/off

OOS Cumulative Return

94.76%

Create your own algorithmic trading strategy with SKF using Composer

FAQ

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

SKF tracks the S&P Financial Select Sector Index.

No, SKF 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, SKF 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 SKF is 0.0046%. This is the percent change in the value of SKF over the most recent 1-month period. The 3-month return on SKF is -0.0526%. This is the percent change in the value of SKF over the most recent 3-month period.

The standard deviation of SKF for the past year is 0.3771%. 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 SKF include UYG, SEF, and SSO.

ETFs correlated to SKF include FAZ, BNKD, and DOG.

ETFs that are inversely correlated to SKF include FAS, XLF, and VFH.

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

Yes, SKF is a Inverse (-2x) leveraged ETF: This means that SKF will try to match the performance of S&P Financial Select Sector Index, but move 2x in the opposite direction.

Disclaimers

*

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.