---
ticker: "SMN"
name: "ProShares - UltraShort Materials"
url: "https://etf.net/etf/SMN"
grade: "F"
score: 23
graded_at: "2026-10-12"
category: "Leveraged Inverse (2x & Other)"
category_rank: "49 of 54"
methodology: "https://etf.net/methodology"
---

# SMN: ProShares - UltraShort Materials

Grade **F**, Score 23 of 100. Rank 49 of 54 in Leveraged Inverse (2x & Other).

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 5 | 51 of 54 |
| Mission | Not scored | — |
| Risk | 53 | 21 of 53 |
| Tradability | 24 | 47 of 54 |
| Holdings | Not scored | — |
| Durability | 49 | 28 of 54 |

## Top holdings

The fund holds 1 positions. These are the largest 1, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Net Other Assets (Liabilities) | 100.00% |

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