ProShares UltraShort Financials
CThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$24.92+0.21 (+0.85%)
- 1.58%
- $10M
- −9.5%
- 3.69%
- 0M sh
- $24.72
- low $22.00high $33.07
The ETF.net SKF Grade
C
Score 49 out of 100
- 29 of 54
Score 49 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C42 out of 100Rank 31 of 54Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C50 out of 100Rank 26 of 53Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B61 out of 100Rank 17 of 54Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B63 out of 100Rank 4 of 16Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C53 out of 100Rank 20 of 54
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
- 2
- 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.
SKF$9,051
Returns run to the Oct 12, 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 | −0.7% |
| 1 month | +7.8% |
| 3 months | +3.2% |
| 1 year | −9.5% |
| 3 years | −28.0% |
| 5 years | −16.8% |
| 10 years | −26.5% |
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 | SKF |
|---|---|---|
| 2026 YTD | −0.7% | |
| 2025 | −24.0% | |
| 2024 | −36.3% | |
| 2023 | −21.8% | |
| 2022 | +17.6% | |
| 2021 | −47.7% | |
| 2020 | −42.4% |
SKF in the news
SKF Dividends
- 3.69%
- $0.91
- $0.19 per share
- Quarterly
Distribution history
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.
- 28.5%
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.
- −1.08
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
1.58%
SKF1.58%
- The middle half of Leveraged Inverse (2x & Other) funds
- Median 1.44%
29 of the 53 Leveraged Inverse (2x & Other) funds charge less.
Other funds in Leveraged Inverse (2x & Other)
- CEFZProShares - Short MSCI EAFEExpense ratio 1.44%1 year return −10.7%
- CEUMProShares - Short MSCI Emerging MarketsExpense ratio 1.69%1 year return −23.5%
- CEPVProShares UltraShort FTSE EuropeExpense ratio 1.36%1 year return −19.7%
- CEMTYProShares - Decline of the Retail Store ETFExpense ratio 0.65%1 year return +2.2%
- CMYYProShares - Short MidCap400Expense ratio 2.22%1 year return −11.1%