# SCC (ProShares UltraShort Consumer Discretionary)

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

Three months to Sep 11, 2026: SCC returned +5.3% where its own daily promise gave +2.8%, 2.5 points over.

## Key facts

- SCC, what XLY did: −2.9%, as of Sep 11, 2026.
- SCC, what −2 times a day gives: +2.8%, as of Sep 11, 2026.
- SCC, what the fund returned: +5.3%, as of Sep 11, 2026.
- SCC, the fund itself added: +2.5 pts, as of Sep 11, 2026.
- SCC, net assets: $6m (issuer page, as of Sep 11, 2026).
- SCC, expense ratio: 0.95% (485BPOS XBRL, Sep 23, 2025).

## SCC over each window to Sep 11, 2026

| Window | Fund | XLY | -2x the move | Difference | XLY moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +9.1% | −4.2% | +8.4% | +0.8 pts | 16% |
| 3 months | +5.3% | −2.9% | +5.9% | −0.6 pts | 21% |
| 6 months | −6.0% | +2.3% | −4.6% | −1.4 pts | 21% |
| 1 year | +7.7% | −4.1% | +8.2% | −0.5 pts | 19% |
| 3 years | −47.8% | +34.8% | −69.6% | +21.8 pts | 21% |
| Since launch | −99.6% | +819.6% | not meaningful over this window | not meaningful over this window | 20% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -2 times the daily move of XLY, reset daily | ETFIQ |
| Multiple a holder actually got over the window | XLY moved −2.9% over this window, too little to read a multiple from | ETFIQ |
| Underlying | XLY | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Net assets | $6m | issuer page, as of Sep 11, 2026 |
| Expense ratio | 0.95% | 485BPOS XBRL, Sep 23, 2025 |
| Launched | Jan 4, 2010 | ETFIQ |
| Underlying volatility over the window | 21% annualized | ETFIQ |

## Questions

### Did SCC return -2 times XLY?

Over the window to Sep 11, 2026, XLY moved −2.9% and SCC returned +5.3%. 2 times that move is +5.9%, so the fund came out 0.6 points short of it.

### Why does SCC not return -2 times over a year?

Because it resets daily. SCC 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.


## Cite this page

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

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