# SBB (ProShares Short SmallCap600)

ProShares · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: SBB returned +2.0% where its own daily promise gave +0.3%, 1.7 points over.

## Key facts

- SBB, what IJR did: −0.7%, as of Sep 11, 2026.
- SBB, what −1 times a day gives: +0.3%, as of Sep 11, 2026.
- SBB, what the fund returned: +2.0%, as of Sep 11, 2026.
- SBB, the fund itself added: +1.7 pts, as of Sep 11, 2026.
- SBB, net assets: $4m (source, as filed for May 31, 2026).
- SBB, expense ratio: not read by ETFIQ, as of Sep 11, 2026.

## SBB over each window to Sep 11, 2026

| Window | Fund | IJR | -1x the move | Difference | IJR moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +5.3% | −4.6% | +4.6% | +0.7 pts | 11% |
| 3 months | +2.0% | −0.7% | +0.7% | +1.3 pts | 13% |
| 6 months | −13.0% | +17.0% | −17.0% | +4.0 pts | 15% |
| 1 year | −13.5% | +19.9% | −19.9% | +6.5 pts | 16% |
| 3 years | −28.0% | +53.1% | −53.1% | +25.1 pts | 20% |
| Since launch | −91.2% | +540.1% | not meaningful over this window | not meaningful over this window | 22% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -1 times the daily move of IJR, reset daily | ETFIQ |
| Multiple a holder actually got over the window | IJR moved −0.7% over this window, too little to read a multiple from | ETFIQ |
| Underlying | IJR | ETFIQ |
| Segment | broad index, us small cap | ETFIQ |
| Net assets | $4m | source, as filed for May 31, 2026 |
| Expense ratio | not read by ETFIQ | ETFIQ |
| Launched | Jan 4, 2010 | ETFIQ |
| Underlying volatility over the window | 13% annualized | ETFIQ |

## Questions

### Did SBB return -1 times IJR?

Over the window to Sep 11, 2026, IJR moved −0.7% and SBB returned +2.0%. 1 times that move is +0.7%, so the fund came out 1.3 points ahead of it.

### Why does SBB not return -1 times over a year?

Because it resets daily. SBB aims at -1 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 -1 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.


## Cite this page

ETFIQ, SBB, data as of Sep 11, 2026. https://etfiq.com/funds/SBB
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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