SDS vs SH
ProShares UltraShort S&P500 against ProShares Short S&P500: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
28%
1 shared positions
Fee gap
0 bp
same fee
1-year return gap
12.9 pts
SH is ahead
Larger fund
SH
$970M
Side by side
| SDS | SH | |
|---|---|---|
| Fund | ProShares UltraShort S&P500 | ProShares Short S&P500 |
| Issuer | ProShares | ProShares |
| Category | Inverse Equity | Inverse Equity |
| Expense ratio | 0.89% | 0.89% |
| Assets | $357M | $970M |
| Average daily dollar volume | $178M | $289M |
| Listed | Jul 11, 2006 | Jun 19, 2006 |
| FrenzyCap score | 83 | 88 |
| 1-month return | −6.2% | −3.3% |
| 3-month return | −7.4% | −3.5% |
| Year to date | −23.4% | −11.7% |
| 1-year return | −26.1% | −13.2% |
| 30-day volatility | 19.2% | 9.7% |
| Worst drawdown, 1 year | −34.5% | −18.7% |
| Trailing 12-month yield | 5.40% | 4.00% |
| Holdings | 23 | 17 |
| Top 10 weight | 40.8% | 54.4% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$147M thru May 2026 | +$50M thru May 2026 |
| 30-day implied volatility | 25.0% | 13.1% |
| Holdings as of | as of Oct 9, 2026issuer data | as of Oct 9, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
28% of SDS · 40% of SH| Holding | SDS | SH |
|---|---|---|
| IQMM | 28.21% | 40.17% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · SDS holdings · SH holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.