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SDP vs SVXY

ProShares UltraShort Utilities

SDPCNYSE Arca

ProShares Short VIX Short-Term Futures ETF

SVXYBCboe

Overlap

100%by weight

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

SDP0.95%SVXY0.95%

Avg volume · 30D

SVXY 147.9×the volume

SDP10.1KSVXY1.49M

10Y return · a year

SVXY +18.7pt

SDP−20.4%SVXY−1.7%

SDP vs SVXY Performance

Oct 29, 2021 – Oct 30, 2026

−54.7%SDP+96.6%SVXY

Oct 29, 2021 to Oct 30, 2026. SDP −54.7%. SVXY +96.6%. Use the arrow keys to read each point.−25%0%25%50%75%Oct 2021Apr 2024Oct 2026
Expense ratio
SDP 0.95%
SVXY 0.95%
Fund size
SDP $2M
SVXY $201M
1Y total return
SDP +2.4%
SVXY +21.9%, better
Yield (12M)
SDP 3.86%
SVXY No data
Holdings
SDP 1
SVXY 1
Avg volume (30D)
SDP 10.1K sh
SVXY 1.49M sh, better
NAV per share
SDP $23.14
SVXY $60.55
52W range

ETF.net Grade

SDP: Cost 50, Risk 61, Mission not scored, Tradability 41, Holdings not scored, Durability 39. SVXY: Cost 50, Risk 75, Mission not scored, Tradability 84, Holdings not scored, Durability 76.
Pillar letters and Scores for SDP, SVXY, with each pillar’s weight
PillarSDPSVXY
Cost30% weightC50C50
Mission25% weightNot scoredNot scored
Risk15% weightB61A75Higher
Tradability15% weightC41A84Higher
Holdings10% weightNot scoredNot scored
Durability5% weightD39A76Higher

Rank among Leveraged Inverse (2x & Other) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. SDP and SVXY are both graded against the same 53 Leveraged Inverse (2x & Other) funds, so their Grades compare head to head.

Leveraged Inverse (2x & Other)⁠

Category · 53 funds
See all 53 ›

SVXY ranks 1st and SDP 32nd of 53 funds in the Leveraged Inverse (2x & Other) Category.

  1. Rank 1BDOGProShares Short Dow30Score 65
  2. Rank 1BSVXYProShares Short VIX Short-Term Futures ETFScore 65
  3. Rank 3BPSQProShares Short QQQScore 64
  4. Rank 32CSCCProShares UltraShort Consumer DiscretionaryScore 40
  5. Rank 32CSDPProShares UltraShort UtilitiesScore 40
  6. Rank 32CSIJProShares UltraShort IndustrialsScore 40

Our read on each fund

ETF.net Research

SDPCProShares UltraShort Utilities

SVXYBProShares Short VIX Short-Term Futures ETF

In short

SDP Utilities are the market's sleepiest sector, which is exactly why SDP exists: the only -2x inverse utilities ETF, trading since 2007. A one-day tool, priced at 0.95% net of a waiver through September 30, 2027.

SVXY Short volatility, half dose. SVXY targets one-half the inverse of a VIX short-term futures index each day, a deliberately de-tuned take on the short-vol trade, and it has run that mandate since 2011.

Stated mandate

SDP The Fund seeks daily investment results, before fees and expenses, corresponding to approximately two times the inverse of the daily performance of the S&P Utilities Select Sector Index.

SVXY SVXY seeks daily results equal to one-half the inverse of the S&P 500 VIX Short-Term Futures Index. Its objective is measured daily, so returns over longer periods can differ from the stated daily target.

Why people hold it

  • SDP The only -2x inverse utilities ETF, per ProShares. Sector-level short exposure in a brokerage account, no margin agreement and no borrowing shares.proshares.com
  • 0.95% net of a waiver through September 30, 2027, against a 3.02% gross fee. Same net cost as ProShares' most-used inverse funds, DOG and PSQ, both waived to that date too.
  • Listed January 30, 2007, making it one of the original leveraged-inverse sector funds, with the same daily-reset mechanism through nearly two decades of utility tape.proshares.com
  • SVXY The half-strength design is the whole idea: a -0.5x daily target rather than full inverse, so a jump in VIX futures lands with half the force of a one-for-one short.proshares.com
  • 0.95% a year sits below the typical leveraged and inverse fund, and among that crowd this is one of the stronger implementations in its peer group.
  • Launched in 2011 and actively traded, so it has a long operating history and a working market for getting in and out.

Worth knowing

  • SDP The leverage resets daily. Hold past one session and compounding takes over, so returns over a week or a month can differ sharply from -2x the index move.proshares.com
  • One of the smaller, thinner-traded names in the inverse lineup, so spreads and order size are where the friction shows up.
  • Exposure comes from swaps and futures rather than shorted stock, which brings counterparty and financing costs into the picture.proshares.com
  • SVXY The objective resets daily. Hold longer and compounding takes over, so results over weeks or months can look nothing like half the inverse of the index.proshares.com
  • It is a commodity pool holding VIX futures, not a basket of stocks. Reporting and tax treatment follow different rules than a standard equity ETF.proshares.com
  • Pure price vehicle with no distribution stream, and volatility spikes arrive fast, which is exactly what a short-vol position is on the wrong side of.

Full SDP profile⁠

Full SVXY profile⁠

SDP vs SVXY Holdings

How SDP and SVXY differ

Overlap by weight

100%

Shared holdings make up 100% of SDP and 100% of SVXY.

Level by level

  • Asset classEquity, Alternatives0.0%
  • Holdings0 in both100%

Sector

No Sector split for SDP and SVXY.

Country, concentration and asset class

Country by domicile

No country split for SDP and SVXY.

Concentration

Weight in the 10 largest Holdings

  • SDP100.0%
  • SVXY100.0%

Securities held

  • SDP0
  • SVXY0

Asset class

SDP
Equity
SVXY
Alternatives

Holdings

  • Only in SDP0
  • In both0
  • Only in SVXY0

Only in SDP

0 securities, 0.0% of SDP by weight

Only in SVXY

0 securities, 0.0% of SVXY by weight

Weight gaps

SDP and SVXY share no securities.

All 6 SDP holdings⁠All 3 SVXY holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

SDP vs SVXY Cost

Same expense ratio

$17,869

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SDP 0.95%

    $17,869

  • SVXY 0.95%

    $17,869

$10,000
30 years

Cost over time

  • SDP 0.95%
  • SVXY 0.95%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530SDP $17,869SVXY $17,869

Year by year

YearSDPSVXY
10$1,678$1,678
20$6,322$6,322
30$17,869$17,869

Expense ratio

  • 0.95%SDP
  • 0.95%SVXY
  • Middle half of Leveraged Inverse (2x & Other) funds
  • Median 0.95%

SDP 6th cheapest of 53 funds

SVXY 6th cheapest of 53 funds

SDP vs SVXY Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
SDP 3.86%
SVXY No data
Payout (12M)
SDP $0.89
SVXY None
Last payment
SDP $0.17
SVXY No data
Ex-dividend
SDP Sep 23, 2026
SVXY No data
Paid on
SDP Sep 29, 2026
SVXY No data
Frequency
SDP Quarterly
SVXY No data

Distribution history

Per share, 2017 to 2026, same scale for both

SDPQuarterly · 23 paymentsAll SDP payments⁠
One bar per payment. 23 payments from 2017 to 2026 YTD. Dec 26, 2018 $0.09; Mar 20, 2019 $0.19; Jun 25, 2019 $0.40; Sep 25, 2019 $0.36; Dec 24, 2019 $0.08; Mar 25, 2020 $0.09; Dec 22, 2022 $0.24; Mar 22, 2023 $0.22; Jun 21, 2023 $0.53; Sep 20, 2023 $0.19; Dec 20, 2023 $0.58; Feb 14, 2024 $0.06; Mar 20, 2024 $0.24; Jun 26, 2024 $0.42; Sep 25, 2024 $0.25; Dec 23, 2024 $0.65; Mar 26, 2025 $0.15; Jun 25, 2025 $0.16; Sep 24, 2025 $0.19; Dec 24, 2025 $0.49; Mar 25, 2026 $0.06; Jun 24, 2026 $0.17; Sep 23, 2026 $0.17. Use the arrow keys to read each point.$0$0.502017202020232026YTD
SVXYAll SVXY payments⁠

No distribution history available.

SDP vs SVXY Risk

Fall from peak · 5 years

  • SDP
  • SVXY
Oct 29, 2021 to Oct 30, 2026. Worst fall: SDP −66.1% · Feb 2026. Use the arrow keys to read each point.−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
SDP 31.1%SVXY 26.5%, better
Return per unit of riskSharpe ratio, 3 years
SDP −0.84SVXY 0.42, better
Worst fallMax drawdown, 5 years
SDP −66.1%SVXY −46.4%, better
Market sensitivityBeta, 5 years
SDP −0.79SVXY 1.32

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