SMN Performance — ProShares UltraShort Materials
Data updated: 2026-08-14
SMN returned −22.47% year to date and −29.90% over one year to May 2026. Annualised returns are −19.28% over 3 years and −14.37% over 5 years. The fund trailed its Trading - Leveraged category average: $100 invested three years ago grew to $53, against $173 for the category, and to $70 over one year, against $137. Volatility over the past three years was 33.70% a year. In the 12 months to May 2026 the fund took in a net $2.7M, and assets reached $3.10M.
SMN Growth of $100
What $100 invested in ProShares UltraShort Materials grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Trading - Leveraged category average over the same months.
| Period | SMN | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $70 | $137 |
| 3 years (Jun 2023 – May 2026) | $53 | $173 |
| 5 years (Jun 2021 – May 2026) | $46 | $155 |
| Since data start (Sep 2019 – May 2026) | $10 | $181 |
SMN Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −22.47% |
| 1 year | −29.90% |
| 3 years (annualised) | −19.28% |
| 5 years (annualised) | −14.37% |
SMN Annual Returns
Calendar-year total returns of ProShares UltraShort Materials, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | −22.47% |
| 2025 | −17.67% |
| 2024 | +7.19% |
| 2023 | −20.69% |
| 2022 | −2.57% |
| 2021 | −45.91% |
| 2020 | −55.67% |
| 2019 (Sep–Dec) | −19.04% |
SMN 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 | −15.4% | −15.0% | +12.9% | −5.5% | +1.1% | — | — | — | — | — | — | — |
| 2025 | −9.8% | +0.5% | +5.8% | 0.0% | −5.1% | −3.7% | +0.3% | −9.1% | +5.4% | +10.0% | −8.1% | −3.4% |
| 2024 | +9.0% | −11.5% | −11.2% | +10.6% | −5.4% | +7.2% | −7.6% | −4.1% | −4.8% | +7.4% | −2.3% | +26.0% |
| 2023 | −18.3% | +5.5% | +2.4% | +0.7% | +15.9% | −18.7% | −6.0% | +7.8% | +10.8% | +7.0% | −14.4% | −8.0% |
| 2022 | +14.9% | −5.5% | −16.4% | +9.7% | −6.0% | +35.6% | −12.4% | +4.2% | +20.0% | −19.7% | −21.5% | +11.3% |
| 2021 | +2.2% | −8.8% | −16.7% | −9.0% | −12.1% | +11.7% | −4.9% | −1.1% | +13.8% | −14.8% | +1.2% | −15.5% |
| 2020 | +16.3% | +17.4% | +11.9% | −32.4% | −15.9% | −8.0% | −14.6% | −8.7% | −0.4% | +1.5% | −24.6% | −6.7% |
| 2019 | — | — | — | — | — | — | — | — | −6.8% | −0.4% | −6.6% | −6.6% |
SMN Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 33.70%
- 3-year Sharpe ratio: -0.71 (vs 4.5% risk-free rate)
- Best month: +26.05% (Dec 2024)
- Worst month: −18.73% (Jun 2023)
SMN Fund Flows
Monthly money in and out of ProShares UltraShort Materials, from SEC Form N-PORT.
- 12-month net flow: $2.7M
- 12-month gross sales (incl. reinvestments): $3.5M
- Sales ÷ redemptions: 4.39×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $0 | $0 | $0 |
| Apr 2026 | $523K | $523K | $0 |
| Mar 2026 | $2.0M | $272K | $1.7M |
| Feb 2026 | $747K | $0 | $747K |
| Jan 2026 | $270K | $0 | $270K |
| Dec 2025 | $0 | $0 | $0 |
| Nov 2025 | $0 | $0 | $0 |
| Oct 2025 | $0 | $0 | $0 |
| Sep 2025 | $0 | $0 | $0 |
| Aug 2025 | $0 | $0 | $0 |
| Jul 2025 | $0 | $0 | $0 |
| Jun 2025 | $0 | $0 | $0 |
SMN Assets Under Management
Net assets of ProShares UltraShort Materials by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $3.10M |
| 2026-02-28 | $1.47M |
| 2025-11-30 | $757.17K |
| 2025-08-31 | $717.25K |
| 2025-05-31 | $825.75K |
| 2025-02-28 | $827.19K |
| 2024-11-30 | $738.27K |
| 2024-08-31 | $1.09M |
| 2024-05-31 | $1.16M |
| 2024-02-29 | $1.07M |
| 2023-11-30 | $2.12M |
| 2023-08-31 | $2.11M |
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.