ProShares - UltraPro Short Russell2000
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.
$27.18+0.34 (+1.27%)
- 1.09%
- $71M
- −43.1%
- 5.77%
- 2M sh
- $26.90
- low $20.48high $54.57
The ETF.net SRTY Grade
C
Score 47 out of 100
- 9 of 14
Score 47 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.D31 out of 100Rank 10 of 14Mission
Whether the fund did what it promised, tested against its stated mandate.A85 out of 100Rank 2 of 4Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B56 out of 100Rank 7 of 14Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B67 out of 100Rank 5 of 14Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C54 out of 100Rank 6 of 14
Our read on SRTY
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.
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
- Aims 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.
- A 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.
- Hits its stated daily target closely and trades actively, which puts the implementation in the upper half of its leveraged and inverse peer group.
- Live since February 2010, so the daily-reset machinery has run through more than a decade of small-cap swings under one issuer.
Worth knowing
- Daily 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.
- The leverage cuts both ways: a 10% up day for the Russell 2000 is roughly a 30% hit here, same session.
- Other 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
- Stocks
- 4
- 100%
- IQMM
Sectors
- Financials100.0%
Geography
- United States100.00%
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$5,694
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 | SRTY |
|---|---|
| Year to date | −34.8% |
| 1 month | +12.1% |
| 3 months | +20.9% |
| 1 year | −43.1% |
| 3 years | −47.0% |
| 5 years | −30.1% |
| 10 years | −42.2% |
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 | SRTY |
|---|---|---|
| 2026 YTD | −34.8% | |
| 2025 | −40.6% | |
| 2024 | −34.3% | |
| 2023 | −44.2% | |
| 2022 | +28.8% | |
| 2021 | −51.7% | |
| 2020 | −80.6% |
SRTY in the news
SRTY Dividends
- 5.77%
- $1.55
- $0.27 per share
- Quarterly
Distribution history
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.
- 56.3%
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.
- −0.85
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.
- −92.8%
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.
- −3.24
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
1.09%
SRTY1.09%
- The middle half of 3x Leveraged Inverse funds
- Median 1.05%
9 of the 14 3x Leveraged Inverse funds charge less.
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