ProShares - UltraShort Consumer Staples
FThis 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.
$20.59+0.08 (+0.38%)
- 12.07%
- $1M
- −15.2%
- 5.92%
- 0M sh
- $20.46
- low $18.40high $27.72
The ETF.net SZK Grade
F
Score 24 out of 100
- 47 of 54
Score 24 of 100 falls in the F band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Very small fund, grade capped at C.
The cap holds the Score at 40 or below, so B and A are out of reach.
- The pillars earned
- 24
- This cap took
- −0
- Published Score
- 24
Cost
The fund’s net expense ratio, ranked against its category.F0 out of 100Rank 54 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.B59 out of 100Rank 17 of 53Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D33 out of 100Rank 41 of 54Holdings
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.D35 out of 100Rank 47 of 54
Our read on SZK
FThe rare leveraged short on the market's safety blanket: SZK aims for -2x the daily move of the consumer staples index, a tactical trade against soap, soda and groceries. Running since 2007, with a steep price of admission.
The fund seeks inverse exposure to the daily performance of the consumer staples sector, aiming to profit when that sector declines.
Why people hold it
- Aims for -2x the daily move of the S&P Consumer Staples Select Sector Index, one of the few ETF routes to a bearish sector view without a margin account or borrowing shares.proshares.com
- The mandate is plain: inverse exposure to a single named sector index, with the leverage multiple and daily reset spelled out in the fund's own documents.proshares.com
- Live since 2007, so the mechanics have run through crashes, melt-ups and long grinding stretches, not just a backtest.
Worth knowing
- Cost is the headline: a double-digit expense ratio, roughly ten times what the typical leveraged or inverse fund charges.
- The daily reset compounds. Hold longer than a day and results can drift well away from -2x the period's move, most of all in choppy markets.proshares.com
- Small asset base and light trading, which usually means wider bid-ask spreads and more care on order entry than the household-name inverse funds.
SZK Holdings
- Stocks
- 1
- 100%
- Net Other Assets (Liabilities)
SZK Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
SZK$8,478
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 | SZK |
|---|---|
| Year to date | −16.5% |
| 1 month | −3.2% |
| 3 months | −1.2% |
| 1 year | −15.2% |
| 3 years | −13.4% |
| 5 years | −3.6% |
| 10 years | −16.6% |
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 | SZK |
|---|---|---|
| 2026 YTD | −16.5% | |
| 2025 | +3.4% | |
| 2024 | −11.3% | |
| 2023 | −3.1% | |
| 2022 | +46.3% | |
| 2021 | −37.8% | |
| 2020 | −58.2% |
SZK in the news
SZK Dividends
- 5.92%
- $1.21
- $0.83 per share
- Quarterly
Distribution history
SZK 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.
- 23.8%
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.
- −0.44
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.
- −41.8%
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.
- −0.85
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SZK Cost
12.07%
SZK12.07%
- The middle half of Leveraged Inverse (2x & Other) funds
- Median 1.44%
Every other Leveraged Inverse (2x & Other) fund charges less.
Other funds in Leveraged Inverse (2x & Other)
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- FEFUProShares - UltraShort MSCI EAFEExpense ratio 7.29%1 year return −24.2%
- FSDDProShares - UltraShort SmallCap600Expense ratio 4.67%1 year return −31.3%