SDS — ProShares UltraShort S&P500
Data updated: 2026-08-14
SDS — ProShares UltraShort S&P500. Leveraged · $433.09M AUM · 0.89% expense ratio · -36.3% 1-yr return. Holdings, fees, performance and SEC filings.
SDS Fund Overview
SDS — ProShares UltraShort S&P500 is a US ETF managed by Proshares Trust, categorised as Leveraged. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Proshares Trust
- Category: Leveraged
- Assets under management: $433.09M
- 1-year return: -36.3%
- Ticker: SDS
- SEC CIK: 0001174610
- SEC series ID: S000006832
- Share class ID: C000018470
SDS Holdings
Top 10 holdings of ProShares UltraShort S&P500 by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| ProShares GENIUS Money Market ETF | 92.47% |
| United States of America | 12.70% |
| U.S. Treasury Bills | 6.90% |
| United States of America | 6.88% |
| U.S. Treasury Bills | 5.73% |
| Repurchase Agreement | 2.36% |
| U.S. Treasury Bills | 2.30% |
| Repurchase Agreement | 1.49% |
| Repurchase Agreement | 1.11% |
| Repurchase Agreement | 0.82% |
SDS Portfolio Allocation
Asset-class allocation of ProShares UltraShort S&P500 by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Other | 92.5% |
| Cash & Equivalents | 40.3% |
SDS Performance
Total returns for SDS (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -17.5% |
| 1 year | -36.3% |
| 3 years (annualised) | -30.1% |
| 5 years (annualised) | -22.3% |
SDS Risk Information
Risk metrics for SDS, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 24.1%
SDS Costs and Fees
SDS costs about $89 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.89%
- Gross expense ratio: 0.89%
- Portfolio turnover: 0%
- Brokerage commissions: 0.12 bps of average net assets (SEC N-CEN)
SDS Cashflows
Over the 12 months to 2026-05, ProShares UltraShort S&P500 had net inflows of $223.87M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | $33.82M |
| 2026-04 | $1.65M |
| 2026-03 | $111.04M |
| 2026-02 | $37.41M |
| 2026-01 | −$13.11M |
| 2025-12 | $3.13M |
SDS Debt Constituents
No individual debt constituents are reported in ProShares UltraShort S&P500's latest SEC N-PORT filing.
SDS Prospectus and SEC Filings
Official ProShares UltraShort S&P500 filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-09-26
- Prospectus supplement (497) — filed 2025-04-07
- Prospectus supplement (497) — filed 2024-11-13
- Portfolio holdings (N-PORT) — filed 2026-07-28
- Portfolio holdings (N-PORT) — filed 2026-04-24
- Portfolio holdings (N-PORT) — filed 2026-01-28
- Annual census (N-CEN) — filed 2026-08-14
- Annual census (N-CEN) — filed 2025-08-13
Related Funds
Other Leveraged funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.