Skip to content
etf.net

SRTY

GradeCNew York Stock Exchange Arca

ProShares - UltraPro Short Russell2000

Leveraged · Leveraged & Inverse · ProShares · Inception 2010-02-09 · SEC filings

This 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.

$25.39+0.89 (+3.63%)

As of Sep 23, 2026, 2:20 PM EDT

Intraday session: up, 59 prints from 24.50 to 25.39. Range 24.59 to 25.55. Use the arrow keys to read each point.$24.80$25.20$25.6010 AM12 PM2 PM4 PM
Expense ratio
1.09%
Fund size
$78M
1Y return
−44.2%
Yield · Last 12 months
7.80%
Holdings
13
Volume · 30D
2.3M sh
NAV per share
$25.31
52W range
low $20.48high $54.57

The ETF.net SRTY Grade

C

45/ 100

Rank 9 of 14 in 3x Leveraged Inverse⁠

Confidence Medium

Six-pillar profile for SRTY. Scores out of 100: Cost 31, Risk 56, Mission 82, Tradability 61, Holdings not scored, Durability 56. Strongest: Mission (82). Weakest: Cost (31). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 45 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.
    DScore 31
    Category rank10/14 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 82
    Category rank2/4 · top 50%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 56
    Category rank7/14 · top 50%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 61
    Category rank5/14 · top 36%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 56
    Category rank5/14 · top 36%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on SRTY

ETF.net Research

CThree times the inverse of the Russell 2000, reset every day. SRTY is the maximum-torque way to express a bearish small-cap view in a fund wrapper, and it has been running since 2010. Built for one-day moves, not for parking.

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

  1. 01Aims for three times the inverse of the Russell 2000's daily move: the top rung of the leverage ladder for a bearish small-cap view.
  2. 02A 1.09% expense ratio, below the median for leveraged and inverse funds. Torque is rarely the cheap aisle; this sits on the lower end of it.
  3. 03Hits its stated daily target closely and trades actively, which puts the implementation in the upper half of its leveraged and inverse peer group.
  4. 04Live since February 2010, so the daily-reset machinery has run through more than a decade of small-cap swings under one issuer.

Worth knowing

  1. 01Daily reset means the -3x math applies to one session. Hold longer and compounding takes over, so results can diverge from three times the index's move, especially in choppy tape.
  2. 02The leverage cuts both ways: a 10% up day for the Russell 2000 is roughly a 30% hit here, same session.
  3. 03Other funds run off the same Russell 2000 index at different price points, including TZA at 0.99% and RWM at 1.04%, with different amounts of punch.

SRTY Holdings

As of Sep 20, 2026, 6:50 AM
Asset class
Stocks
Holdings
13
Top-10 weight
132%
Largest holding
IQMM63.2%

Sectors

Geography

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001IQMMPROSHARES GENIUS MNY MKT ETF63.24%470,000$47M61
002—TREASURY BILL, 0%, due 2026-09-2238.98%29,000,000$29M12
003—TREASURY BILL, 0%, due 2026-12-2916.62%12,500,000$12M18
004—TREASURY BILL, 0%, due 2026-11-1013.37%10,000,000$10M10

Showing 1–4 of 4 holdings

SRTY Performance

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

SRTY$5,583
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. SRTY $5,583. SPY $11,723. Use the arrow keys to read each point.$4,102$8,215$12,329Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

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.

Trailing total return for SRTY. Periods over one year show the average yearly return.
PeriodSRTY
Year to date−41.1%
1 month+13.6%
3 months+12.2%
1 year−44.2%
3 years−47.5%per year
5 years−32.0%per year
10 years−42.4%per year

As of the close, 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−41.1%
2025−40.6%
2024−34.3%
2023−44.2%
2022+28.8%
2021−51.7%
2020−80.6%

SRTY in the news

ETF.net Research hasn’t filed on SRTY yet — coverage lands here as it’s written.

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 Sep 22, 2026.
7.80%Last 12 months
Payout per share
$1.91Last 12 months
Last payment
$0.29 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. 9 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. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
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, 2024Data unavailable
Jun 26, 2024Jul 3, 2024$1.99
Mar 20, 2024Mar 27, 2024$1.50
Dec 20, 2023Dec 28, 2023Data unavailable
Sep 20, 2023Sep 27, 2023Data unavailable

SRTY 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.

How much the fund’s monthly returns vary, scaled to a year.
56.4%
Annualised · 36 months to Aug 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.
−0.84
vs 3-month T-bills · to Aug 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.
−3.59
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.

SRTY Cost

Expense ratio1.09%
  • The middle half of 3x Leveraged Inverse funds
  • Median 1.05%

9 of the 14 3x Leveraged Inverse funds charge less.

SRTY costs $109.00 a year on $10,000. The median 3x Leveraged Inverse fund costs $105.00.