SH Performance — ProShares Short S&P500
Data updated: 2026-08-14
SH returned −8.34% year to date and −18.35% over one year to May 2026. Annualised returns are −13.80% over 3 years and −9.40% over 5 years. The fund trailed its Trading - Leveraged category average: $100 invested three years ago grew to $64, against $173 for the category, and to $82 over one year, against $137. Volatility over the past three years was 12.74% a year. In the 12 months to May 2026 the fund lost a net $92.0M, and assets reached $980.96M.
SH Growth of $100
What $100 invested in ProShares Short S&P500 grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Trading - Leveraged category average over the same months.
| Period | SH | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $82 | $137 |
| 3 years (Jun 2023 – May 2026) | $64 | $173 |
| 5 years (Jun 2021 – May 2026) | $61 | $155 |
| Since data start (Sep 2019 – May 2026) | $36 | $181 |
SH Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −8.34% |
| 1 year | −18.35% |
| 3 years (annualised) | −13.80% |
| 5 years (annualised) | −9.40% |
SH Annual Returns
Calendar-year total returns of ProShares Short S&P500, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | −8.34% |
| 2025 | −11.37% |
| 2024 | −13.46% |
| 2023 | −14.82% |
| 2022 | +17.98% |
| 2021 | −24.14% |
| 2020 | −25.08% |
| 2019 (Sep–Dec) | −9.38% |
SH Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −1.0% | +1.1% | +5.5% | −9.1% | −4.5% | — | — | — | — | — | — | — |
| 2025 | −2.2% | +1.8% | +6.3% | −0.6% | −5.5% | −4.3% | −1.6% | −1.4% | −3.0% | −1.8% | +0.1% | +0.5% |
| 2024 | −1.0% | −4.4% | −2.4% | +4.9% | −4.0% | −2.8% | −0.5% | −1.8% | −1.5% | +1.6% | −5.0% | +3.0% |
| 2023 | −5.6% | +3.0% | −3.1% | −1.0% | +0.2% | −5.5% | −2.5% | +2.4% | +5.7% | +2.8% | −7.7% | −3.7% |
| 2022 | +5.1% | +2.6% | −4.1% | +9.0% | −0.9% | +8.3% | −8.6% | +4.2% | +10.0% | −7.8% | −5.4% | +6.5% |
| 2021 | +0.8% | −2.9% | −4.5% | −5.2% | −0.9% | −2.4% | −2.5% | −3.1% | +4.7% | −6.7% | +0.5% | −4.6% |
| 2020 | +0.1% | +8.6% | +6.1% | −12.7% | −5.0% | −2.7% | −5.5% | −6.8% | +3.4% | +2.3% | −10.2% | −3.8% |
| 2019 | — | — | — | — | — | — | — | — | −1.6% | −2.0% | −3.3% | −2.8% |
SH Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 12.74%
- 3-year Sharpe ratio: -1.44 (vs 4.5% risk-free rate)
- Best month: +6.28% (Mar 2025)
- Worst month: −9.15% (Apr 2026)
SH Fund Flows
Monthly money in and out of ProShares Short S&P500, from SEC Form N-PORT.
- 12-month net flow: −$92.0M
- 12-month gross sales (incl. reinvestments): $4.3B
- Sales ÷ redemptions: 0.98×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $455.4M | $609.4M | −$154.0M |
| Apr 2026 | $765.2M | $1.0B | −$248.9M |
| Mar 2026 | $1.0B | $583.6M | $453.1M |
| Feb 2026 | $271.4M | $283.0M | −$11.6M |
| Jan 2026 | $236.7M | $82.3M | $154.5M |
| Dec 2025 | $87.8M | $216.7M | −$128.9M |
| Nov 2025 | $228.2M | $360.0M | −$131.7M |
| Oct 2025 | $526.1M | $347.0M | $179.1M |
| Sep 2025 | $168.4M | $160.8M | $7.7M |
| Aug 2025 | $144.5M | $141.9M | $2.7M |
| Jul 2025 | $281.1M | $276.4M | $4.7M |
| Jun 2025 | $136.2M | $354.8M | −$218.6M |
SH Assets Under Management
Net assets of ProShares Short S&P500 by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $980.96M |
| 2026-02-28 | $1.04B |
| 2025-11-30 | $1.04B |
| 2025-08-31 | $1.04B |
| 2025-05-31 | $1.35B |
| 2025-02-28 | $1.04B |
| 2024-11-30 | $847.81M |
| 2024-08-31 | $931.38M |
| 2024-05-31 | $991.12M |
| 2024-02-29 | $1.04B |
| 2023-11-30 | $1.53B |
| 2023-08-31 | $1.55B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.