# SDD (ProShares UltraShort SmallCap600)

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

Three months to Sep 11, 2026: SDD returned +2.8% where its own daily promise gave +0.3%, 2.6 points over.

## Key facts

- SDD, what IJR did: −0.7%, as of Sep 11, 2026.
- SDD, what −2 times a day gives: +0.3%, as of Sep 11, 2026.
- SDD, what the fund returned: +2.8%, as of Sep 11, 2026.
- SDD, the fund itself added: +2.6 pts, as of Sep 11, 2026.
- SDD, net assets: $1m (issuer page, as of Sep 11, 2026).
- SDD, expense ratio: 0.95% (485BPOS XBRL, Sep 23, 2025).

## SDD over each window to Sep 11, 2026

| Window | Fund | IJR | -2x the move | Difference | IJR moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +10.7% | −4.6% | +9.2% | +1.5 pts | 11% |
| 3 months | +2.8% | −0.7% | +1.5% | +1.4 pts | 13% |
| 6 months | −26.1% | +17.0% | −34.1% | +8.0 pts | 15% |
| 1 year | −29.4% | +19.9% | −39.9% | +10.5 pts | 16% |
| 3 years | −58.1% | +53.1% | −106.1% | +48.1 pts | 20% |
| Since launch | −99.7% | +540.1% | not meaningful over this window | not meaningful over this window | 22% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -2 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 | $1m | 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 | 13% annualized | ETFIQ |

## Questions

### Did SDD return -2 times IJR?

Over the window to Sep 11, 2026, IJR moved −0.7% and SDD returned +2.8%. 2 times that move is +1.5%, so the fund came out 1.4 points ahead of it.

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

Because it resets daily. SDD 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, SDD, data as of Sep 11, 2026. https://etfiq.com/funds/SDD
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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