ProShares UltraShort Semiconductors
DThis 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.
$10.95−0.02 (−0.18%)
- 1.97%
- $38M
- −69.1%
- 8.08%
- 0.8M sh
- $10.97
- low $9.45high $38.11
The ETF.net SSG Grade
D
Score 36 out of 100
- 37 of 54
Score 36 of 100 falls in the D 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.D36 out of 100Rank 35 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.F11 out of 100Rank 52 of 53Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B55 out of 100Rank 23 of 54Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C43 out of 100Rank 14 of 16Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B60 out of 100Rank 12 of 54
Our read on SSG
DThe 2007-vintage way to lean against chip stocks. SSG aims for twice the opposite of the Dow Jones U.S. Semiconductors Index's move, one trading day at a time. A short-horizon tool with a daily reset, priced at the rich end of the inverse shelf.
The fund targets daily, pre-fee and pre-expense returns that are twice the opposite of the Dow Jones U.S. Semiconductors SM Index's daily performance.
Why people hold it
- Clean mechanics: it targets twice the opposite of the Dow Jones U.S. Semiconductors Index's daily performance. No stock picking, no hedging judgment calls.proshares.com
- Launched in 2007, so it has traded through several full chip boom-and-bust cycles. Long tenure for a leveraged inverse product.
- Actively traded relative to its small asset base, which is what matters for a fund designed to be used in short stretches rather than parked.
Worth knowing
- At 1.97% a year it sits well above the typical leveraged and inverse bear fund. ProShares' own broad-index inverse PSQ runs 1.00%.
- The exposure resets daily and compounds. Held longer than a day, results can diverge from twice the inverse of the index, and choppy markets widen that gap.proshares.com
- Semiconductors are one of the market's most volatile sectors, and a 2x inverse wrapper doubles those daily swings in both directions.
SSG Holdings
- Stocks
- 1
- 106%
- IQMM
Sectors
- Financials100.0%
Geography
- United States100.00%
SSG Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
SSG$3,087
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 | SSG |
|---|---|
| Year to date | −63.2% |
| 1 month | −8.1% |
| 3 months | −6.9% |
| 1 year | −69.1% |
| 3 years | −73.6% |
| 5 years | −66.7% |
| 10 years | −61.0% |
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 | SSG |
|---|---|---|
| 2026 YTD | −63.2% | |
| 2025 | −70.1% | |
| 2024 | −77.5% | |
| 2023 | −78.7% | |
| 2022 | +37.4% | |
| 2021 | −67.5% | |
| 2020 | −76.5% |
SSG in the news
SSG Dividends
- 8.08%
- $0.89
- $0.14 per share
- Quarterly
Distribution history
SSG 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.
- 52.4%
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.
- −2.30
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.
- −99.7%
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.
- −3.37
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SSG Cost
1.97%
SSG1.97%
- The middle half of Leveraged Inverse (2x & Other) funds
- Median 1.44%
33 of the 53 Leveraged Inverse (2x & Other) funds charge less.
Other funds in Leveraged Inverse (2x & Other)
- DSCCProShares UltraShort Consumer DiscretionaryExpense ratio 4.44%1 year return +1.5%
- DFXPProShares - UltraShort FTSE China 50Expense ratio 1.79%1 year return +18.4%
- DEWVProShares UltraShort MSCI JapanExpense ratio 2.51%1 year return −42.8%
- DREWProShares - UltraShort TechnologyExpense ratio 2.70%1 year return −55.5%
- DSDPProShares - UltraShort UtilitiesExpense ratio 5.29%1 year return +14.1%