# SZK (ProShares UltraShort Consumer Staples)

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

Three months to Sep 30, 2026: SZK returned +5.6% where its own daily promise gave +3.5%, 2.2 points over.

## Key facts

- SZK, what XLP did: −2.6%, as of Sep 30, 2026.
- SZK, what −2 times a day gives: +3.5%, as of Sep 30, 2026.
- SZK, what the fund returned: +5.6%, as of Sep 30, 2026.
- SZK, the fund itself added: +2.2 pts, as of Sep 30, 2026.
- SZK, net assets: $790,823 (issuer page, as of Sep 30, 2026).
- SZK, expense ratio: 0.95% (485BPOS XBRL, Sep 25, 2026).

## SZK over each window to Sep 30, 2026

| Window | Fund | XLP | -2x the move | Difference | XLP moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +10.1% | −4.5% | +9.1% | +1.0 pts | 11% |
| 3 months | +5.6% | −2.6% | +5.2% | +0.4 pts | 16% |
| 6 months | +1.1% | +0.3% | −0.6% | +1.7 pts | 16% |
| 1 year | −6.8% | +5.7% | −11.4% | +4.5 pts | 14% |
| 3 years | −23.2% | +27.0% | −54.1% | +30.8 pts | 13% |
| Since launch | −98.0% | +373.5% | 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 −2.6% over this window, too little to read a multiple from | ETFIQ |
| Underlying | XLP | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Net assets | $790,823 | 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 | 16% annualized | ETFIQ |

## Questions

### Did SZK return -2 times XLP?

Over the window to Sep 30, 2026, XLP moved −2.6% and SZK returned +5.6%. −2 times that move is +5.2%, so the fund came out 0.4 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 30, 2026. https://etfiq.com/funds/szk
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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