SH
ProShares Short S&P500
Simple -1x inverse S&P 500 ETF. Delivers the opposite of the S&P 500's daily return. Used for short-term hedging — NOT for long-term holding due to daily compounding decay.
EquityTER 0.88%Acc.
TER
0.88%
AUM
$2B
Holdings
~1
Data Range
— → —
Key Facts
ISIN
US74347X8645
Issuer
ProShares
Benchmark
-1x S&P 500 Daily
Total Expense Ratio (TER)
0.88%
Assets Under Management
$2B approx.
Inception Date
2006-06-19
Domicile
United States
Legal Structure
Open-End Fund
Dividend Policy
Accumulating (auto-reinvests)
Replication Method
Synthetic (Swap-Based)
UCITS Status
✗ Not UCITS
Fund Currency
USD
Primary Exchange
NYSE Arca
Number of Holdings
~1
Who Is This ETF For?
✓Investors preferring automatic dividend reinvestment (no tax event on distributions in many jurisdictions).
Key Risks to Consider
• Market risk: equity values can drop 30-50% in severe bear markets.
• Non-UCITS: may have unfavorable tax treatment for non-US investors (US estate tax, withholding tax).
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Data & Methodology
Metadata sourced from official issuer documentation. Price data from Yahoo Finance (monthly adjusted close, includes reinvested dividends and splits). AUM figures are approximate and updated quarterly.
Data source: Yahoo Finance (adjusted close), ProShares (metadata)Last verified: 2026-05-09
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💬 Frequently Asked Questions
Simple -1x inverse S&P 500 ETF. Delivers the opposite of the S&P 500's daily return. Used for short-term hedging — NOT for long-term holding due to daily compounding decay.
SH has a total expense ratio (TER) of 0.88%, which means you pay $88 per year for every $10,000 invested.
SH is an accumulating ETF — dividends are automatically reinvested into the fund rather than paid out, which can be more tax-efficient in many jurisdictions.
SH is a US-domiciled ETF (not UCITS). Non-US investors should consider the US estate tax implications (40% on US assets above $60,000) and the 30% dividend withholding tax (reduced by treaty in some countries).
SH uses synthetic replication via swap contracts, which can reduce tracking error but introduces counterparty risk.