ProShares UltraShort Financials
$24.90−0.12 (−0.46%)
- Expense ratio
- 1.58%
- Fund size
- $13M
- 1Y return
- −2.2%
- Yield · Last 12 months
- 4.29%
- Holdings
- 11
- Volume · 30D
- 0M sh
- NAV per share
- $24.22
- 52W range
The ETF.net SKF Grade
Score 49 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 42Category 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 50Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 62Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 53Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 53Category rank
Our read on SKF
CTrading since 2007, SKF is the leveraged short on banks: it targets -2x the daily move of the S&P Financial Select Sector Index. Built around a daily reset, it behaves like a short-horizon trading tool rather than a set-and-forget position.
The fund seeks daily results, before fees and expenses, equal to -2x the daily performance of the S&P Financial Select Sector Index. It is designed to provide inverse exposure when the financials sector declines.
Why people hold it
- Aims for -2x the daily move of the S&P Financial Select Sector Index, one of the few ETF routes to leveraged downside exposure to banks, brokers and insurers.proshares.com
- Live since January 2007, so it has traded through the financial crisis and every bank scare since. That is a long operating history for a leveraged inverse fund.
- If double is heavier than you want, ProShares runs SEF on the same index at -1x, carrying the same 1.58% fee.
Worth knowing
- The 1.58% expense ratio runs above the typical leveraged or inverse fund, and it is charged whichever direction financials move.
- Daily reset means multi-day results depend on the path financials take, and can land well away from -2x the index move over that stretch.
- One of the smaller, more thinly traded names in the leveraged bear group, so spreads can be wider than in the crowded index shorts.
SKF Holdings
- Stocks
- 11
- 100%
- IQMM
Sectors
- Financials100.0%
Geography
- United States100.00%
SKF 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 | SKF |
|---|---|
| Year to date | −0.3% |
| 1 month | +9.6% |
| 3 months | −3.5% |
| 1 year | −2.2% |
| 3 years | −26.9% |
| 5 years | −17.6% |
| 10 years | −26.3% |
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 | SKF |
|---|---|---|
| 2026 YTD | −0.3% | |
| 2025 | −24.0% | |
| 2024 | −36.3% | |
| 2023 | −21.8% | |
| 2022 | +17.6% | |
| 2021 | −47.7% | |
| 2020 | −42.4% |
SKF in the news
ETF.net Research hasn’t filed on SKF yet — coverage lands here as it’s written.
SKF Dividends
- 4.29%
- $1.07
- $0.24 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 24, 2026 | Jun 30, 2026 | $0.24 |
| Mar 25, 2026 | Mar 31, 2026 | $0.13 |
| Dec 24, 2025 | Dec 31, 2025 | $0.35 |
| Sep 24, 2025 | Sep 30, 2025 | $0.35 |
| Jun 25, 2025 | Jul 1, 2025 | $0.36 |
| Mar 26, 2025 | Apr 1, 2025 | $0.36 |
| Dec 23, 2024 | Dec 31, 2024 | $0.58 |
| Sep 25, 2024 | Oct 2, 2024 | $0.59 |
| Jun 26, 2024 | Jul 3, 2024 | $1.08 |
| Mar 20, 2024 | Mar 27, 2024 | $0.54 |
| Dec 20, 2023 | Dec 28, 2023 | $0.71 |
| Sep 20, 2023 | Sep 27, 2023 | $0.62 |
SKF 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.
- 27.0%
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.
- −1.25
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.
- −74.3%
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.
- −1.45
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SKF Cost
- The middle half of Leveraged Inverse (2x & Other) funds
- Median 1.44%
29 of the 53 Leveraged Inverse (2x & Other) funds charge less.