Explore ETFs

Geared Investing

Pioneering leveraged and inverse ETFs

Since 2006, ProShares’ line-up of ETFs has helped investors use leverage to increase their buying power and inverse strategies to profit during or protect a portfolio from declines.

why leverage ? Increase market exposures with leveraged ETFs

Overweight holdings within a sector

Track broad market indexes, or narrow sectors or industries

Designed to magnify the one day returns of a benchmark

why inverse ? Move opposite a benchmark with inverse ETFs

Designed to increase in value as the benchmark or stock they follow falls

Hedge against a company or sector decline

Seeks the inverse of the one day return of a benchmark

Explore Geared ETFs

Nasdaq-100

Leveraged Exposure

Equities

TQQQ

UltraPro QQQ

Equities

QLD

Ultra QQQ

Inverse Exposure

Equities

QID

UltraShort QQQ

Equities

PSQ

Short QQQ

Equities

SQQQ

UltraPro Short QQQ

Leveraged Exposure

Equities

UPRO

UltraPro S&P500

Equities

SSO

Ultra S&P500

Inverse Exposure

Equities

SPXU

UltraPro Short S&P500

Equities

SDS

UltraShort S&P500

Equities

SH

Short S&P500

Leveraged Exposure

Equities

DDM

Ultra Dow30

Equities

UDOW

UltraPro Dow30

Inverse Exposure

Equities

DXD

UltraShort Dow30

Equities

DOG

Short Dow30

Equities

SDOW

UltraPro Short Dow30

Leveraged Exposure

Equities

UWM

Ultra Russell2000

Equities

URTY

UltraPro Russell2000

Inverse Exposure

Equities

SRTY

UltraPro Short Russell2000

Equities

RWM

Short Russell2000

Equities

TWM

UltraShort Russell2000

Inverse Exposure

Equities

BITI

Short Bitcoin Strategy ETF

Fund Highlights

Go Further

Explore ProShares three part series on portfolio hedging

A hedge is an investment intended to move in the opposite direction of an asset that’s considered to be at risk in a portfolio. A hedge provides inverse exposure so if the at-risk investment should decline in value, the hedge is designed to increase in value and offset potential losses in a portfolio.
Part One: The Significance of Portfolio Hedging

Geared Investing Resources

Browse All Insights

Part I: The Significance of Portfolio Hedging

Investing involves risk. Market downturns will happen. Having a sound investment strategy can help smooth out the turbulence in your portfolio and save you from getting caught up in a herd mentality of selling low i...
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insight-image Part II: Strategies for Hedging Your Portfolio

ProShares reviews the pros and cons of different portfolio hedging strategies that can be used in inevitable market downturns: Short selling, buying put options, selling futures contracts, and using inverse ETFs

Read the article
insight-image Part III: The Efficacy of Hedging with Inverse ETFs

ProShares inverse ETFs are frequently used to hedge equity and bond holdings. And, as investors have diversified into a broader selection of asset classes, it has become common to see investors hedging commodity and...

Read the article
Get the latest perspectives and updates.

Geared (leveraged or short) ProShares ETFs seek returns that are a multiple of (e.g., 2x or -2x) the return of a benchmark (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, ProShares’ returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmakrs. Investors should monitor their holdings as frequently as daily. For more information on risks, please read the prospectus.

Investing involves risk, including the possible loss of principal. Geared ProShares ETFs are non-diversified and entail certain risks, including risk associated with the use of derivatives (swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, leverage and market price variance, all of which can increase volatility and decrease performance. Short ProShares ETFs should lose money when their benchmarks or indexes rise. Please see their summary and full prospectuses for a more complete description of risks. There is no guarantee any ProShares ETF will achieve its investment objective.

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing. Spearate ProShares Trust II prospectuses are available for Volatility, Commodity, and Currency ProShares.

ProShares ETFs (ProShares Trust and ProShares Trust II) are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor or sponsor.

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