SMN ProShares - UltraShort Materials
Quote as of Oct 09, 2026 19:58 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 21.36 | Day Range | 21.05 – 21.35 |
| 52-Week Range | 17.93 – 31.02 | Volume | 1.17K |
| Avg Volume | 3.22K | AUM | $4.3M (Oct 10, 2026) |
| Expense Ratio | 8.37% | Yield (TTM) | 2.05% |
| NAV | 21.23 | Premium/Discount | -0.42% indicative |
| Inception | Jan 30, 2007 | Holdings | 7 |
| Issuer | ProShares | Exchange | AMEX |
| Category | Materials | Index Tracked | Not stated in source data |
| CUSIP | 74350P493 | ISIN | US74350P4937 |
| Structure | Leveraged -2x Inverse | ||
| Management | Not stated in source data | ||
About this ETF
ProShares UltraShort Materials (SMN) aims to deliver daily investment outcomes that mirror two times the inverse (-2x) of the S&P Materials Select SectorSM Index's daily performance. This objective is realized prior to the deduction of any fees or expenses.
Description from the fund data provider · profile as of Oct 10, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | +7.01% | +5.26% | +7.88% | -19.23% | -23.92% | -18.44% | -18.12% | -25.59% | -27.95% |
| Total return | +7.01% | +5.26% | +8.55% | -18.55% | -22.45% | -15.13% | -15.65% | -24.42% | -23.46% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Oct 09, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 8.37% | Annual cost of a $10,000 investment | $837.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Oct 10, 2026 · portfolio reporting date from the data provider; holdings are not live positions. 6 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | Net Other Assets (Liabilities) | — | 100.00% | 4.30M | $4.3M |
| 2 | MATERIALS SELECT SECTOR INDEX SWAP BANK OF… | — | 0.00% | -1.89K | $0.00 |
| 3 | MATERIALS SELECT SECTOR INDEX SWAP GOLDMAN… | — | 0.00% | -1.06K | $0.00 |
| 4 | MATERIALS SELECT SECTOR INDEX SWAP BNP PARIBAS | — | 0.00% | -1.81K | $0.00 |
| 5 | MATERIALS SELECT SECTOR INDEX SWAP SOCIETE… | — | 0.00% | -1.43K | $0.00 |
| 6 | MATERIALS SELECT SECTOR INDEX SWAP UBS AG | — | 0.00% | -1.99K | $0.00 |
Click a ticker to see every ETF that owns it.
Sector Exposure
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 2.05% | Paid (last 12 months) | $0.4327 |
| Frequency | Quarterly | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Sep 23, 2026 | Last payment | $0.1469 (Sep 29, 2026) |
| Growth 1Y | -38.84% | Growth 3Y / 5Y (ann.) | +15.19% / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Sep 23, 2026 | Sep 23, 2026 | Sep 29, 2026 | $0.1469 |
| Jun 24, 2026 | Jun 24, 2026 | Jun 30, 2026 | $0.1174 |
| Mar 25, 2026 | Mar 25, 2026 | Mar 31, 2026 | $0.0260 |
| Dec 24, 2025 | Dec 24, 2025 | Dec 31, 2025 | $0.1424 |
| Sep 24, 2025 | Sep 24, 2025 | Sep 30, 2025 | $0.1367 |
| Jun 25, 2025 | Jun 25, 2025 | Jul 01, 2025 | $0.1555 |
| Mar 26, 2025 | Mar 26, 2025 | Apr 01, 2025 | $0.1006 |
| Dec 23, 2024 | Dec 23, 2024 | Dec 31, 2024 | $0.3146 |
| Sep 25, 2024 | Sep 25, 2024 | Oct 02, 2024 | $0.0962 |
| Jun 26, 2024 | Jun 26, 2024 | Jul 03, 2024 | $0.0846 |
| Mar 20, 2024 | Mar 21, 2024 | Mar 27, 2024 | $0.0793 |
| Dec 20, 2023 | Dec 21, 2023 | Dec 28, 2023 | $0.1336 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 36.10% / 35.24% | Sharpe 1Y / 3Y | -0.641 / -0.386 |
| Max drawdown 1Y / 3Y | -39.81% / -54.68% | Sortino 1Y | -0.876 |
| Beta vs S&P 500 (3Y) | -1.56 | Correlation vs S&P 500 (1Y) | -0.527 |
| Downside deviation 1Y | 26.38% | Risk-free rate used | 4.05% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Oct 11, 2026. Formulas →
Liquidity
| Volume today | 1.17K | Average volume | 3.22K |
| AUM | $4.3M | Premium/Discount | -0.42% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV: an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | -$71.1K | -1.63% | $4.4M → $4.3M |
| 1 Month | $78.6K | +1.95% | $4.0M → $4.3M |
| 1 Week | -$61.4K | -1.38% | $4.4M → $4.3M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source; review them before investing.
Latest News for SMN
No articles mention this fund directly in the last 7 days; showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.