# SCC (ProShares UltraShort Consumer Discretionary)

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

Three months to Sep 30, 2026: SCC returned +17.1% where its own daily promise gave +14.1%, 3.0 points over.

## Key facts

- SCC, what XLY did: −7.6%, as of Sep 30, 2026.
- SCC, what −2 times a day gives: +14.1%, as of Sep 30, 2026.
- SCC, what the fund returned: +17.1%, as of Sep 30, 2026.
- SCC, the fund itself added: +3.0 pts, as of Sep 30, 2026.
- SCC, net assets: $3m (issuer page, as of Sep 30, 2026).
- SCC, expense ratio: 0.95% (485BPOS XBRL, Sep 25, 2026).

## SCC over each window to Sep 30, 2026

| Window | Fund | XLY | -2x the move | Difference | XLY moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +14.5% | −6.4% | +12.9% | +1.6 pts | 15% |
| 3 months | +17.1% | −7.6% | +15.3% | +1.8 pts | 19% |
| 6 months | 0.0% | −0.5% | +0.9% | −0.9 pts | 20% |
| 1 year | +18.0% | −8.4% | +16.8% | +1.2 pts | 19% |
| 3 years | −50.6% | +38.6% | −77.2% | +26.6 pts | 21% |
| Since launch | −99.6% | +788.0% | 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 | -2.24 times, against -2 stated | ETFIQ |
| Underlying | XLY | 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 | 19% annualized | ETFIQ |

## Questions

### Did SCC return -2 times XLY?

Over the window to Sep 30, 2026, XLY moved −7.6% and SCC returned +17.1%. −2 times that move is +15.3%, so the fund came out 1.8 points ahead 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 30, 2026. https://etfiq.com/funds/scc
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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