{
 "ticker": "RXD",
 "name": "ProShares UltraShort Health Care",
 "issuer": "ProShares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/RXD",
 "html": "https://etfiq.com/funds/RXD",
 "markdown": "https://etfiq.com/funds/RXD.md",
 "as_of": "2026-09-11",
 "verdict": "Three months to Sep 11, 2026: RXD returned \u221214.7% where its own daily promise gave \u221216.6%, 1.9 points over.",
 "key_facts": [
  {
   "key": "what_xlv_did",
   "label": "What XLV did",
   "value": "+8.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "RXD, what XLV did: +8.0%, as of Sep 11, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What \u22122 times a day gives",
   "value": "\u221216.6%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "RXD, what \u22122 times a day gives: \u221216.6%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221214.7%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "RXD, what the fund returned: \u221214.7%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_added",
   "label": "The fund itself added",
   "value": "+1.9 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "RXD, the fund itself added: +1.9 pts, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$3m",
   "source": "issuer page, as of Sep 11, 2026",
   "as_of": "2026-09-11",
   "sentence": "RXD, net assets: $3m (issuer page, as of Sep 11, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.95%",
   "source": "485BPOS XBRL, Sep 23, 2025",
   "as_of": "2026-09-11",
   "sentence": "RXD, expense ratio: 0.95% (485BPOS XBRL, Sep 23, 2025)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "-2 times the daily move of XLV, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "-1.84 times, against -2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "XLV",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "sector or country, sector",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$3m",
   "source": "issuer page, as of Sep 11, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.95%",
   "source": "485BPOS XBRL, Sep 23, 2025"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jan 4, 2010",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "19% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "+3.5%",
   "XLV": "\u22121.8%",
   "-2x the move": "+3.7%",
   "Difference": "\u22120.1 pts",
   "XLV moved about": "20%"
  },
  {
   "window": "3 months",
   "Fund": "\u221214.7%",
   "XLV": "+8.0%",
   "-2x the move": "\u221216.0%",
   "Difference": "+1.3 pts",
   "XLV moved about": "19%"
  },
  {
   "window": "6 months",
   "Fund": "\u221219.1%",
   "XLV": "+11.3%",
   "-2x the move": "\u221222.7%",
   "Difference": "+3.6 pts",
   "XLV moved about": "18%"
  },
  {
   "window": "1 year",
   "Fund": "\u221229.3%",
   "XLV": "+20.4%",
   "-2x the move": "\u221240.8%",
   "Difference": "+11.5 pts",
   "XLV moved about": "16%"
  },
  {
   "window": "3 years",
   "Fund": "\u221231.2%",
   "XLV": "+30.9%",
   "-2x the move": "\u221261.8%",
   "Difference": "+30.6 pts",
   "XLV moved about": "15%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221299.2%",
   "XLV": "+592.6%",
   "-2x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "XLV moved about": "16%"
  }
 ],
 "questions": [
  {
   "q": "Did RXD return -2 times XLV?",
   "a": "Over the window to Sep 11, 2026, XLV moved +8.0% and RXD returned \u221214.7%. 2 times that move is \u221216.0%, so the fund came out 1.3 points ahead of it."
  },
  {
   "q": "Why does RXD not return -2 times over a year?",
   "a": "Because it resets daily. RXD aims at -2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what -2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}