# RXD (ProShares UltraShort Health Care)

ProShares · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: RXD returned −11.0% where its own daily promise gave −13.0%, 2.0 points over.

## Key facts

- RXD, what XLV did: +6.0%, as of Sep 30, 2026.
- RXD, what −2 times a day gives: −13.0%, as of Sep 30, 2026.
- RXD, what the fund returned: −11.0%, as of Sep 30, 2026.
- RXD, the fund itself added: +2.0 pts, as of Sep 30, 2026.
- RXD, net assets: $3m (issuer page, as of Sep 30, 2026).
- RXD, expense ratio: 0.95% (485BPOS XBRL, Sep 25, 2026).

## RXD over each window to Sep 30, 2026

| Window | Fund | XLV | -2x the move | Difference | XLV moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +1.7% | −0.9% | +1.7% | 0.0 pts | 14% |
| 3 months | −11.0% | +6.0% | −11.9% | +0.9 pts | 18% |
| 6 months | −24.2% | +14.9% | −29.9% | +5.7 pts | 17% |
| 1 year | −32.5% | +23.0% | −46.1% | +13.6 pts | 16% |
| 3 years | −38.2% | +37.5% | −75.0% | +36.8 pts | 15% |
| Since launch | −99.2% | +608.1% | not meaningful over this window | not meaningful over this window | 16% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -2 times the daily move of XLV, reset daily | ETFIQ |
| Multiple a holder actually got over the window | -1.85 times, against -2 stated | ETFIQ |
| Underlying | XLV | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Net assets | $3m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 0.95% | 485BPOS XBRL, Sep 25, 2026 |
| Launched | Jan 4, 2010 | ETFIQ |
| Underlying volatility over the window | 18% annualized | ETFIQ |

## Questions

### Did RXD return -2 times XLV?

Over the window to Sep 30, 2026, XLV moved +6.0% and RXD returned −11.0%. −2 times that move is −11.9%, so the fund came out 0.9 points ahead of it.

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

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.


## Cite this page

ETFIQ, RXD, data as of Sep 30, 2026. https://etfiq.com/funds/rxd
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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