SPXU Performance — ProShares UltraPro Short S&P500
Data updated: 2026-08-14
SPXU returned −26.29% year to date and −50.90% over one year to May 2026. Annualised returns are −44.55% over 3 years and −35.28% over 5 years. The fund trailed its Trading - Leveraged category average: $100 invested three years ago grew to $17, against $173 for the category, and to $49 over one year, against $137. Volatility over the past three years was 37.11% a year. In the 12 months to May 2026 the fund took in a net $266.3M, and assets reached $463.24M.
SPXU Growth of $100
What $100 invested in ProShares UltraPro 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 | SPXU | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $49 | $137 |
| 3 years (Jun 2023 – May 2026) | $17 | $173 |
| 5 years (Jun 2021 – May 2026) | $11 | $155 |
| Since data start (Sep 2019 – May 2026) | $2 | $181 |
SPXU Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −26.29% |
| 1 year | −50.90% |
| 3 years (annualised) | −44.55% |
| 5 years (annualised) | −35.28% |
SPXU Annual Returns
Calendar-year total returns of ProShares UltraPro Short S&P500, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | −26.29% |
| 2025 | −41.82% |
| 2024 | −43.29% |
| 2023 | −45.96% |
| 2022 | +36.11% |
| 2021 | −57.87% |
| 2020 | −70.46% |
| 2019 (Sep–Dec) | −26.69% |
SPXU 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 | −3.5% | +2.7% | +16.0% | −25.7% | −13.6% | — | — | — | — | — | — | — |
| 2025 | −7.4% | +4.6% | +18.1% | −8.4% | −16.7% | −13.1% | −5.3% | −5.0% | −9.2% | −6.3% | −0.6% | +0.8% |
| 2024 | −3.9% | −13.7% | −8.0% | +14.1% | −12.3% | −8.8% | −2.9% | −7.0% | −5.5% | +3.7% | −15.1% | +8.2% |
| 2023 | −16.8% | +8.0% | −10.4% | −3.8% | −0.5% | −16.5% | −8.0% | +6.0% | +16.9% | +7.2% | −22.4% | −11.5% |
| 2022 | +15.3% | +7.1% | −12.9% | +27.8% | −4.9% | +24.5% | −24.4% | +11.8% | +30.9% | −23.3% | −17.4% | +19.2% |
| 2021 | +1.8% | −8.7% | −13.4% | −15.0% | −3.0% | −7.1% | −7.4% | −8.9% | +14.4% | −19.0% | +1.3% | −13.7% |
| 2020 | 0.0% | +26.4% | −4.5% | −36.3% | −15.2% | −9.7% | −16.1% | −19.2% | +9.0% | +6.0% | −27.9% | −11.1% |
| 2019 | — | — | — | — | — | — | — | — | −5.2% | −6.5% | −9.9% | −8.3% |
SPXU Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 37.11%
- 3-year Sharpe ratio: -1.32 (vs 4.5% risk-free rate)
- Best month: +18.13% (Mar 2025)
- Worst month: −25.67% (Apr 2026)
SPXU Fund Flows
Monthly money in and out of ProShares UltraPro Short S&P500, from SEC Form N-PORT.
- 12-month net flow: $266.3M
- 12-month gross sales (incl. reinvestments): $3.8B
- Sales ÷ redemptions: 1.08×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $418.1M | $439.2M | −$21.1M |
| Apr 2026 | $580.0M | $362.2M | $217.8M |
| Mar 2026 | $294.3M | $365.6M | −$71.2M |
| Feb 2026 | $485.1M | $432.4M | $52.7M |
| Jan 2026 | $215.6M | $200.7M | $14.8M |
| Dec 2025 | $232.8M | $287.2M | −$54.4M |
| Nov 2025 | $510.4M | $581.6M | −$71.2M |
| Oct 2025 | $272.5M | $262.2M | $10.3M |
| Sep 2025 | $224.3M | $140.7M | $83.6M |
| Aug 2025 | $186.7M | $184.0M | $2.7M |
| Jul 2025 | $197.1M | $116.0M | $81.1M |
| Jun 2025 | $137.4M | $116.3M | $21.1M |
SPXU Assets Under Management
Net assets of ProShares UltraPro Short S&P500 by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $463.24M |
| 2026-02-28 | $489.36M |
| 2025-11-30 | $477.61M |
| 2025-08-31 | $537.48M |
| 2025-05-31 | $570.35M |
| 2025-02-28 | $497.29M |
| 2024-11-30 | $457.37M |
| 2024-08-31 | $508.30M |
| 2024-05-31 | $624.21M |
| 2024-02-29 | $645.00M |
| 2023-11-30 | $807.59M |
| 2023-08-31 | $971.95M |
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.