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SSG

GradeDNew York Stock Exchange Arca

ProShares UltraShort Semiconductors

Leveraged · Leveraged & Inverse · ProShares · Inception 2007-01-30 · 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.

$10.65+0.23 (+2.16%)

As of Sep 23, 2026, 3:05 PM EDT

Intraday session: up, 68 prints from 10.43 to 10.65. Range 10.34 to 10.75. Use the arrow keys to read each point.$10.30$10.40$10.50$10.6010 AM12 PM2 PM4 PM
Expense ratio
1.97%
Fund size
$38M
1Y return
−71.3%
Yield · Last 12 months
11.82%
Holdings
11
Volume · 30D
0.8M sh
NAV per share
$11.60
52W range
low $10.38high $40.72

The ETF.net SSG Grade

D

34/ 100

Rank 38 of 54 in Leveraged Inverse (2x & Other)⁠

Confidence Medium

Six-pillar profile for SSG. Scores out of 100: Cost 36, Risk 9, Mission not scored, Tradability 51, Holdings 45, Durability 61. Strongest: Durability (61). Weakest: Risk (9). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 34 of 100 sits in the D 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 36
    Category rank35/54 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 9
    Category rank52/53 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 51
    Category rank29/54 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 45
    Category rank15/16 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 61
    Category rank12/54 · top 22%

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

Our read on SSG

ETF.net Research

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.

Stated mandate

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

  1. 01Clean 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
  2. 02Launched in 2007, so it has traded through several full chip boom-and-bust cycles. Long tenure for a leveraged inverse product.
  3. 03Actively 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

  1. 01At 1.97% a year it sits well above the typical leveraged and inverse bear fund. ProShares' own broad-index inverse PSQ runs 1.00%.
  2. 02The 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
  3. 03Semiconductors are one of the market's most volatile sectors, and a 2x inverse wrapper doubles those daily swings in both directions.

SSG Holdings

As of Sep 20, 2026, 6:50 AM
Asset class
Stocks
Holdings
11
Top-10 weight
106%
Largest holding
IQMM106.1%

Sectors

Geography

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001IQMMPROSHARES GENIUS MNY MKT ETF106.13%405,000$41M61

Showing 1–1 of 1 holdings

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$2,867
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. SSG $2,867. SPY $11,723. Use the arrow keys to read each point.$2,155$7,314$12,473Sep 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 SSG. Periods over one year show the average yearly return.
PeriodSSG
Year to date−65.5%
1 month−17.4%
3 months−5.8%
1 year−71.3%
3 years−75.5%per year
5 years−66.5%per year
10 years−61.3%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 SSG
YearReturn barSSG
2026 YTD−65.5%
2025−70.1%
2024−77.5%
2023−78.7%
2022+37.4%
2021−67.5%
2020−76.5%

SSG in the news

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

SSG 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.
11.82%Last 12 months
Payout per share
$1.23Last 12 months
Last payment
$0.08 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2018–2026

One bar per payment. 23 payments from 2018 to 2026 YTD. Jun 20, 2018 $24.52; Sep 26, 2018 $30.78; Dec 26, 2018 $187.75; Mar 20, 2019 $127.29; Jun 25, 2019 $171.75; Sep 25, 2019 $77.09; Dec 24, 2019 $53.58; Mar 25, 2020 $18.87; Dec 22, 2022 $8.94; Mar 22, 2023 $9.72; Jun 21, 2023 $9.63; Sep 20, 2023 $6.36; Dec 20, 2023 $8.32; Mar 20, 2024 $2.31; Jun 26, 2024 $1.77; Sep 25, 2024 $2.27; Dec 23, 2024 $1.88; Mar 26, 2025 $1.40; Jun 25, 2025 $0.44; Sep 24, 2025 $0.49; Dec 24, 2025 $0.48; Mar 25, 2026 $0.18; Jun 24, 2026 $0.08. Use the arrow keys to read each point.201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 24, 2026Jun 30, 2026$0.08
Mar 25, 2026Mar 31, 2026$0.18
Dec 24, 2025Dec 31, 2025$0.48
Sep 24, 2025Sep 30, 2025$0.49
Jun 25, 2025Jul 1, 2025$0.44
Mar 26, 2025Apr 1, 2025$1.40
Dec 23, 2024Dec 31, 2024$1.88
Sep 25, 2024Oct 2, 2024$2.27
Jun 26, 2024Jul 3, 2024$1.77
Mar 20, 2024Mar 27, 2024$2.31
Dec 20, 2023Dec 28, 2023$8.32
Sep 20, 2023Sep 27, 2023$6.36

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.

How much the fund’s monthly returns vary, scaled to a year.
54.9%
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.
−1.99
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.
−99.7%
Trough Sep 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.
−3.37
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.

SSG Cost

Expense ratio1.97%
  • The middle half of Leveraged Inverse (2x & Other) funds
  • Median 1.44%

33 of the 53 Leveraged Inverse (2x & Other) funds charge less.

SSG costs $197.00 a year on $10,000. The median Leveraged Inverse (2x & Other) fund costs $144.00.