ProShares - UltraShort Health Care
$14.88+0.28 (+1.88%)
- Expense ratio
- 6.64%
- Fund size
- $3M
- 1Y return
- −35.4%
- Yield · Last 12 months
- 3.59%
- Holdings
- 7
- Volume · 30D
- 0M sh
- NAV per share
- $15.11
- 52W range
The ETF.net RXD Grade
Score 26 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 13Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 48Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 25Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 42Category rank
Our read on RXD
DTrading since 2007, this ProShares fund aims for negative two times the daily move of the S&P health care sector index. One of the few off-the-shelf ways to lean bearish on drugmakers, insurers and device makers without a margin account.
The fund seeks daily pre-fee and pre-expense returns equal to negative two times the daily performance of the S&P Health Care Select Sector SM Index.
Why people hold it
- Aims to deliver negative two times the daily performance of the S&P Health Care Select Sector Index, so one ordinary brokerage trade stands in for a leveraged short.proshares.com
- Running since 2007 from ProShares, the house built around leveraged and inverse funds, and old enough to have traded through several health care policy cycles.
- Points at a single S&P 500 sector, not the whole market. Most of the best-known leveraged inverse funds short broad indexes, currencies or volatility instead (PSQ, EUO, YCS).
Worth knowing
- The 6.64% expense ratio is many times the median for leveraged and inverse funds, a heavy drag on anything held beyond a few sessions.
- Daily reset: ProShares filings state that returns compound over longer periods, will likely differ from -2x, and the fund can lose money even when the index falls.sec.gov
- Small by assets and thinly traded, so spreads and limit orders matter more here than in the headline leveraged funds.
RXD Holdings
- Stocks
- 7
- 100%
- Net Other Assets (Liabilities)
RXD Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | RXD |
|---|---|
| Year to date | −17.2% |
| 1 month | +5.9% |
| 3 months | −22.0% |
| 1 year | −35.4% |
| 3 years | −14.3% |
| 5 years | −8.8% |
| 10 years | −20.5% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | RXD |
|---|---|---|
| 2026 YTD | −17.2% | |
| 2025 | −21.7% | |
| 2024 | +4.8% | |
| 2023 | +3.3% | |
| 2022 | +1.2% | |
| 2021 | −37.7% | |
| 2020 | −44.3% |
RXD in the news
ETF.net Research hasn’t filed on RXD yet — coverage lands here as it’s written.
RXD Dividends
- 3.59%
- $0.53
- $0.14 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 24, 2026 | Jun 30, 2026 | $0.14 |
| Mar 25, 2026 | Mar 31, 2026 | $0.04 |
| Dec 24, 2025 | Dec 31, 2025 | $0.14 |
| Sep 24, 2025 | Sep 30, 2025 | $0.21 |
| Jun 25, 2025 | Jul 1, 2025 | $0.12 |
| Mar 26, 2025 | Apr 1, 2025 | $0.13 |
| Dec 23, 2024 | Dec 31, 2024 | $0.20 |
| Sep 25, 2024 | Oct 2, 2024 | $0.20 |
| Jun 26, 2024 | Jul 3, 2024 | $0.38 |
| Mar 20, 2024 | Mar 27, 2024 | $0.25 |
| Dec 20, 2023 | Dec 28, 2023 | $0.24 |
| Sep 20, 2023 | Sep 27, 2023 | $0.19 |
RXD Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 28.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.52
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −51.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- −0.93
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
RXD Cost
- The middle half of Leveraged Inverse (2x & Other) funds
- Median 1.44%
45 of the 53 Leveraged Inverse (2x & Other) funds charge less.