---
ticker: "SDS"
name: "ProShares - UltraShort S&P500"
url: "https://etf.net/etf/SDS"
grade: "B"
score: 56
graded_at: "2026-10-12"
category: "Inverse S&P 500"
category_rank: "4 of 5"
methodology: "https://etf.net/methodology"
---

# SDS: ProShares - UltraShort S&P500

Grade **B**, Score 56 of 100. Rank 4 of 5 in Inverse S&P 500.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 42 | 4 of 5 |
| Mission | 81 | 3 of 3 |
| Risk | 49 | 3 of 5 |
| Tradability | 48 | 4 of 5 |
| Holdings | 61 | 1 of 3 |
| Durability | 50 | 3 of 5 |

## Top holdings

The fund holds 12 positions. These are the largest 12, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | IQMM | Proshares Genius Mny Mkt Etf | 97.57% |
| 2 | — | TREASURY BILL, 0%, due 2026-10-15 | 8.63% |
| 3 | — | TREASURY BILL, 0%, due 2026-11-05 | 7.18% |
| 4 | — | TREASURY BILL, 0%, due 2026-11-17 | 5.74% |
| 5 | — | TREASURY BILL, 0%, due 2026-12-08 | 4.86% |
| 6 | — | TREASURY BILL, 0%, due 2026-11-10 | 4.74% |
| 7 | — | TREASURY BILL, 0%, due 2027-01-12 | 4.27% |
| 8 | — | TREASURY BILL, 0%, due 2026-12-29 | 3.43% |
| 9 | — | TREASURY BILL, 0%, due 2026-11-03 | 2.87% |
| 10 | — | TREASURY BILL, 0%, due 2027-03-04 | 1.70% |
| 11 | — | TREASURY BILL, 0%, due 2026-12-31 | 1.43% |
| 12 | — | TREASURY BILL, 0%, due 2026-11-24 | 0.57% |

Source: etf.net, https://etf.net/etf/SDS. Please cite the page URL.