# SZK (ProShares UltraShort Consumer Staples)

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

Three months to Sep 11, 2026: SZK returned +4.8% where its own daily promise gave +2.4%, 2.4 points over.

## Key facts

- SZK, what XLP did: −2.2%, as of Sep 11, 2026.
- SZK, what −2 times a day gives: +2.4%, as of Sep 11, 2026.
- SZK, what the fund returned: +4.8%, as of Sep 11, 2026.
- SZK, the fund itself added: +2.4 pts, as of Sep 11, 2026.
- SZK, net assets: $5m (issuer page, as of Sep 11, 2026).
- SZK, expense ratio: 0.95% (485BPOS XBRL, Sep 23, 2025).

## SZK over each window to Sep 11, 2026

| Window | Fund | XLP | -2x the move | Difference | XLP moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +4.6% | −2.0% | +4.0% | +0.6 pts | 15% |
| 3 months | +4.8% | −2.2% | +4.3% | +0.5 pts | 17% |
| 6 months | +2.7% | −0.4% | +0.7% | +2.0 pts | 16% |
| 1 year | −7.3% | +6.3% | −12.7% | +5.4 pts | 14% |
| 3 years | −21.5% | +26.1% | −52.3% | +30.8 pts | 13% |
| Since launch | −98.0% | +386.6% | not meaningful over this window | not meaningful over this window | 14% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -2 times the daily move of XLP, reset daily | ETFIQ |
| Multiple a holder actually got over the window | XLP moved −2.2% over this window, too little to read a multiple from | ETFIQ |
| Underlying | XLP | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Net assets | $5m | 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 | 17% annualized | ETFIQ |

## Questions

### Did SZK return -2 times XLP?

Over the window to Sep 11, 2026, XLP moved −2.2% and SZK returned +4.8%. 2 times that move is +4.3%, so the fund came out 0.5 points ahead of it.

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

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

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