ProShares Short S&P500Find Ratings Reports
- Last Ratings Update:06/30/2016
- Price as of 06/30/2016 :$39.76
- Net Assets:$1,641.8 Million
- Peer Rank:269 of 323
- Investment Rating:D
We rate ProShares Short S&P500 at D. Negative factors that influence this rating include a short term portfolio management tenure. The fund may be considered for investors seeking a Growth - Domestic strategy.
POSITIVES AND RISKS
Total return ranks well below peers over the last three years. The ProShares Short S&P500 has returned an annual rate of -9.88% since inception. More recently, the fund has generated a total return of -13.20% in the last five years, -12.08% in the last three years, and -6.65% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 8% of them. It has also outpaced 8% of its competitors on a three year basis and 31% of them over the last year for the period ending 6/30/2016. On a year to date basis, SH has returned -5.22%.
Downside risk has been below average. SH has a draw down risk of -32.87%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 11.1%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 6/30/2016, the fund was trading at a price of $39.76, which is 4.9% below its 52-week high of $41.82 and 0.9% above its 52-week low of $39.40.
High expense ratio hinders performance. As SH is an exchange traded fund, it has no front end or back end load.
The ProShares Short S&P500 is managed by Michael Neches at ProShare Advisors LLC. This fund is one of 148 ProShare Advisors LLC exchange-traded funds launched since 6/19/2006 that we track.