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Launched · SEC filings

ProShares UltraPro Short Russell2000

SRTYNYSE ArcaProSharesAThis 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.

$26.42+0.06 (+0.23%)

At close: Nov 2, 2026, 4:00 PM ET

A71/ 100

Rank 3 of 14 in 3x Leveraged Inverse

A71/100Rank 3 of 14in3x Leveraged Inverse
Intraday session: up, 79 prints from 26.36 to 26.42. Range 25.34 to 26.42. Use the arrow keys to read each point.25.4025.6025.8026.0010 AM12 PM2 PM4 PM
Expense ratio
0.95%*
Fund size
$68M
1Y total return
−37.4%
Yield · Last 12 months
5.87%
Holdings
5
Avg volume · 30D
1.6M sh
52W range
low $20.48high $54.57
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Sep 30, 2027. Without it: 1.10%.

The ETF.net SRTY Grade

Based on 5 of 6 pillars

A

Score 71 out of 100

Category
3x Leveraged Inverse⁠
Rank
3 of 14
Six-pillar profile for SRTY. Scores out of 100: Cost 84, Risk 53, Mission 83, Tradability 70, Holdings not scored, Durability 56. Strongest: Cost (84). Weakest: Risk (53). Based on 5 of 6 pillars.

Score 71 of 100 falls in the A 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.
    A84 out of 100
    Rank 2 of 14

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A83 out of 100
    Rank 2 of 4

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C53 out of 100
    Rank 8 of 14

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A70 out of 100
    Rank 4 of 14

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B56 out of 100
    Rank 5 of 14

Our read on SRTY

ETF.net Research

In short

AA one-day instrument by design: SRTY aims for three times the inverse of the Russell 2000's daily move, and it has been the ProShares small-cap bear since 2010.

Stated mandate

SRTY seeks daily investment results, before fees and expenses, equal to three times the inverse daily performance of the Russell 2000 Index.

Why people hold it

  • 0.95% net of a waiver through September 30, 2027 (1.10% gross), which undercuts TZA at 0.99%, the only other 3x small-cap bear in the peer set, and sits below the category median.
  • The mechanism is plain: three times the inverse of the Russell 2000's daily performance, reset each day. That index covers roughly 2,000 of the smallest names in the Russell 3000.proshares.comfidelity.com
  • Listed since 2010 and actively traded, it rates as one of the stronger implementations in its bear-3x peer group.

Worth knowing

  • Daily reset means compounding. Hold past a single day and results can diverge widely from 3x the index's move over that stretch, especially through choppy markets.proshares.com
  • The fee steps toward the 1.10% gross rate if the waiver is not extended past September 30, 2027.
  • Small caps are the jumpier end of US equity, and a 3x inverse multiplies that daily swing in both directions.fidelity.com

SRTY Holdings

Asset class
Stocks
Holdings
5
Top-10 weight
100%
Largest holding
IQMM61.5%

Sectors

  • Financials100.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1IQMMProshares Genius Mny Mkt Etf61.49%435,000$43.6M61
2No dataTREASURY BILL, 0%, due 2026-12-2917.54%12,500,000$12.4M19
3No dataTREASURY BILL, 0%, due 2026-11-1014.11%10,000,000$9.99M10
4No dataNet Other Assets (Liabilities)5.47%3,872,286$3.87M151
5No dataTREASURY BILL, 0%, due 2027-01-191.40%1,000,000$991K12

Showing 1–5 of 5 holdings

SRTY Performance

Launched Feb 9, 2010

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

SRTY$6,261
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. SRTY $6,261. SPY $11,199. Use the arrow keys to read each point.$5,000$7,500$10,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for SRTY. Periods over one year show the average yearly return.
PeriodSRTY
Year to date−36.0%
1 month−1.6%
3 months+13.0%
1 year−37.4%
3 yearsper year−49.4%
5 yearsper year−29.0%
10 yearsper year−42.8%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SRTY
YearReturn barSRTY
2026 YTD−36.0%
2025−40.6%

SRTY in the news

SRTY Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
5.87%Last 12 months
Payout per share
$1.55Last 12 months
Last payment
$0.27 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2024–2026

One bar per payment. 10 payments from 2024 to 2026 YTD. Mar 20, 2024 $1.50; Jun 26, 2024 $1.99; Dec 23, 2024 $1.80; Mar 26, 2025 $0.89; Jun 25, 2025 $0.68; Sep 24, 2025 $0.63; Dec 24, 2025 $0.72; Mar 25, 2026 $0.27; Jun 24, 2026 $0.29; Sep 23, 2026 $0.27. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Sep 23, 2026Sep 29, 2026$0.27
Jun 24, 2026Jun 30, 2026$0.29
Mar 25, 2026Mar 31, 2026$0.27
Dec 24, 2025Dec 31, 2025$0.72
Sep 24, 2025Sep 30, 2025$0.63
Jun 25, 2025Jul 1, 2025$0.68
Mar 26, 2025Apr 1, 2025$0.89
Dec 23, 2024Dec 31, 2024$1.80
Sep 25, 2024Oct 2, 2024No data
Jun 26, 2024Jul 3, 2024$1.99
Mar 20, 2024Mar 27, 2024$1.50
Dec 20, 2023Dec 28, 2023No data

See all 26 payments⁠

$10,000 in SRTY 10 years ago paid $10.42 in dividends.⁠

SRTY Risk

Risk pillarC53 out of 100Rank 8 of 14 in 3x Leveraged Inverse

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.

How much the fund’s monthly returns vary, scaled to a year.
54.0%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
−1.04
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−92.8%
Trough Aug 2026
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.

How strongly the fund’s returns move with its asset-class index.
−3.24
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

SRTY Cost

Compare SRTY and SQQQ

Overpaying vs SQQQ, cheapest in 3x Leveraged Inverse

$165

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SRTY 0.95%

    $17,869

  • SQQQ 0.94% Cheapest

    $17,704

$10,000
30 years

Cost over time

  • SRTY 0.95%
  • SQQQ 0.94%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530SRTY $17,869SQQQ $17,704

Year by year

YearSRTYSQQQOverpaying
10$1,678$1,661$17
20$6,322$6,260$62
30$17,869$17,704$165
How the 0.95% is worked out

Full fee 1.10%− waiver 0.15%= you pay 0.95%

The waiver ends Sep 30, 2027. After that the fee is 1.10% unless ProShares renews it. Source: prospectus, Sep 2026.

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