Inverse ETF Overview

Inverse ETFs are powerful and complex trading instruments. They allow traders to benefit from price declines in major ETFs. For example, if the SPDR S&P 500 fund (SPY) goes down 1% on one day, you should expect that the price of ProShares Short S&P 500 ETF (SH) goes up 1% the same day. Inverse ETFs can use leverage as well to magnify their returns. Thus, these inverse-leveraged ETFs need to be handled with care.

Keep in mind that inverse ETFs deliver the desired returns over prespecified periods only—usually one day. Thus, the stated multiple (e.g., - 2x) of the fund's underlying index only attempts to do so over one-day holding periods. Consequently, inverse ETFs can be inappropriate investment vehicles to hold if you have a significantly longer holding period in mind.

TOP ETF PERFORMERS

AGADB Agriculture Double Short ETN32.33%
DGAZVelocityShares 3X Inverse Natural Gas ETN23.58%
VMINREX VolMAXX Short VIX Weekly Futures Strategy ETF21.03%
EXIVVelocityShares 1X Daily Inverse VSTOXX Futures ETN18.95%
SVXYProShares Short VIX Short-Term Futures ETF18.52%

BOTTOM ETF PERFORMERS

DDPDB Commodity Short ETN-15.98%
SOXSDirexion Daily Semiconductor Bear 3x Shares-14.58%
WDRWDirexion Daily Regional Banks Bear 3X Shares-14.57%
TZADirexion Daily Small Cap Bear 3x Shares-12.43%
SRTYProShares UltraPro Short Russell2000-12.38%

AUM WINNERS

DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares72.99%
RXDProShares UltraShort Health Care66.72%
SBBProShares Short SmallCap60062.23%
IVOPiPath Inverse S&P 500 VIX Short Term Futures ETN53.59%
DGLDVelocityShares 3X Inverse Gold ETN46.81%

AUM LOSERS

DGAZVelocityShares 3X Inverse Natural Gas ETN-64.40%
SSGProShares UltraShort Semiconductors-38.52%
JDSTDirexion Daily Junior Gold Miners Index Bear 3X Shares-36.40%
GDXSProshares Ultrashort Gold Miners-35.13%
XIVVelocityShares Daily Inverse VIX Short-Term ETN-29.20%

ETF Results:

125 ETFs
As of 10/19/2017
TBTProShares UltraShort 20+ Year TreasuryProShares0.93%$2.14B0.03%Inverse Fixed Income: U.S. Government Treasury Long-Term
SHProShares Short S&P500ProShares0.89%$1.68B0.03%Inverse Equity: U.S. - Large Cap
SDSProShares UltraShort S&P500ProShares0.90%$1.27B0.02%Inverse Equity: U.S. - Large Cap
XIVVelocityShares Daily Inverse VIX Short-Term ETNCredit Suisse1.35%$1.09B0.04%Inverse Alternatives: Volatility
SVXYProShares Short VIX Short-Term Futures ETFProShares1.22%$1.04B0.03%Inverse Alternatives: Volatility
TZADirexion Daily Small Cap Bear 3x SharesDirexion1.10%$695.65M0.07%Inverse Equity: U.S. - Small Cap
SPXUProShares UltraPro Short S&P500ProShares0.90%$681.28M0.07%Inverse Equity: U.S. - Large Cap
UUPPowershares DB U.S. Dollar Index Bullish FundInvesco PowerShares0.80%$616.26M0.04%Inverse Currency: Basket - Global Ex-US
SQQQProShares UltraPro Short QQQProShares0.95%$612.62M0.04%Inverse Equity: U.S. - Large Cap
TBFProShares Short 20+ Year TreasuryProShares0.94%$606.53M0.05%Inverse Fixed Income: U.S. Government Treasury Long-Term
DUSTDirexion Daily Gold Miners Index Bear 3x SharesDirexion1.12%$433.64M0.09%Inverse Equity: Global Gold Miners
SPXSDirexion Daily S&P 500 Bear 3X SharesDirexion1.09%$384.91M0.03%Inverse Equity: U.S. - Large Cap
PSQProShares Short QQQProShares0.95%$382.69M0.03%Inverse Equity: U.S. - Large Cap
TMVDirexion Daily 20+ Year Treasury Bear 3x SharesDirexion1.05%$346.48M0.05%Inverse Fixed Income: U.S. Government Treasury Long-Term
QIDProShares UltraShort QQQProShares0.95%$343.96M0.06%Inverse Equity: U.S. - Large Cap
RWMProShares Short Russell2000ProShares0.95%$319.05M0.02%Inverse Equity: U.S. - Small Cap
DOGProShares Short Dow30ProShares0.95%$257.12M0.06%Inverse Equity: U.S. - Large Cap
EUOProShares UltraShort EuroProShares1.01%$219.08M0.05%Inverse Currency: Euro
SCOProShares UltraShort Bloomberg Crude OilProShares1.17%$216.09M0.07%Inverse Commodities: Energy Crude Oil
DXDProShares UltraShort Dow30ProShares0.95%$205.15M0.09%Inverse Equity: U.S. - Large Cap
TBTProShares UltraShort 20+ Year Treasury0.43%-2.14%4.62%-11.43%--   10/19/2017
SHProShares Short S&P500-2.14%-3.63%-17.75%-14.33%-11.00%10/19/2017
SDSProShares UltraShort S&P500-4.35%--   -32.64%-27.19%-24.99%10/19/2017
XIVVelocityShares Daily Inverse VIX Short-Term ETN18.40%19.64%185.52%45.16%--   10/19/2017
SVXYProShares Short VIX Short-Term Futures ETF18.52%18.99%40.66%25.55%--   10/19/2017
TZADirexion Daily Small Cap Bear 3x Shares-12.43%-13.39%-53.31%-44.44%--   10/19/2017
SPXUProShares UltraPro Short S&P500-6.36%-10.88%-44.98%-39.06%--   10/19/2017
UUPPowershares DB U.S. Dollar Index Bullish Fund1.59%-1.38%-4.42%2.12%0.24%10/19/2017
SQQQProShares UltraPro Short QQQ-4.96%-9.74%-53.61%-48.05%--   10/19/2017
TBFProShares Short 20+ Year Treasury0.32%-0.85%2.72%-5.50%--   10/19/2017
DUSTDirexion Daily Gold Miners Index Bear 3x Shares4.22%-20.16%-35.04%-48.24%--   10/19/2017
SPXSDirexion Daily S&P 500 Bear 3X Shares-6.52%-11.10%-45.39%-39.80%--   10/19/2017
PSQProShares Short QQQ-1.63%-3.16%-21.88%-18.31%-15.15%10/19/2017
TMVDirexion Daily 20+ Year Treasury Bear 3x Shares0.59%-3.89%3.81%-19.60%--   10/19/2017
QIDProShares UltraShort QQQ-3.19%-6.29%-39.45%-34.17%-32.18%10/19/2017
RWMProShares Short Russell2000-4.26%-4.51%-21.06%-15.70%-14.37%10/19/2017
DOGProShares Short Dow30-3.38%-6.75%-23.05%-14.09%-11.00%10/19/2017
EUOProShares UltraShort Euro2.97%-4.77%-13.17%2.05%--   10/19/2017
SCOProShares UltraShort Bloomberg Crude Oil-5.81%-17.53%-4.18%10.17%--   10/19/2017
DXDProShares UltraShort Dow30-6.72%-13.57%-41.18%-26.75%-23.79%10/19/2017
TBTProShares UltraShort 20+ Year TreasuryProSharesInverse Fixed Income: U.S. Government Treasury Long-Term--------
SHProShares Short S&P500ProSharesInverse Equity: U.S. - Large Cap--------
SDSProShares UltraShort S&P500ProSharesInverse Equity: U.S. - Large Cap--------
XIVVelocityShares Daily Inverse VIX Short-Term ETNCredit SuisseInverse Alternatives: Volatility--------
SVXYProShares Short VIX Short-Term Futures ETFProSharesInverse Alternatives: Volatility--------
TZADirexion Daily Small Cap Bear 3x SharesDirexionInverse Equity: U.S. - Small Cap--------
SPXUProShares UltraPro Short S&P500ProSharesInverse Equity: U.S. - Large Cap--------
UUPPowershares DB U.S. Dollar Index Bullish FundInvesco PowerSharesInverse Currency: Basket - Global Ex-USB809973
SQQQProShares UltraPro Short QQQProSharesInverse Equity: U.S. - Large Cap--------
TBFProShares Short 20+ Year TreasuryProSharesInverse Fixed Income: U.S. Government Treasury Long-Term--------
DUSTDirexion Daily Gold Miners Index Bear 3x SharesDirexionInverse Equity: Global Gold Miners--------
SPXSDirexion Daily S&P 500 Bear 3X SharesDirexionInverse Equity: U.S. - Large Cap--------
PSQProShares Short QQQProSharesInverse Equity: U.S. - Large Cap--------
TMVDirexion Daily 20+ Year Treasury Bear 3x SharesDirexionInverse Fixed Income: U.S. Government Treasury Long-Term--------
QIDProShares UltraShort QQQProSharesInverse Equity: U.S. - Large Cap--------
RWMProShares Short Russell2000ProSharesInverse Equity: U.S. - Small Cap--------
DOGProShares Short Dow30ProSharesInverse Equity: U.S. - Large Cap--------
EUOProShares UltraShort EuroProSharesInverse Currency: Euro--------
SCOProShares UltraShort Bloomberg Crude OilProSharesInverse Commodities: Energy Crude Oil--------
DXDProShares UltraShort Dow30ProSharesInverse Equity: U.S. - Large Cap--------
TBTProShares UltraShort 20+ Year Treasury------ ------
SHProShares Short S&P500------ ------
SDSProShares UltraShort S&P500------ ------
XIVVelocityShares Daily Inverse VIX Short-Term ETN------ ------
SVXYProShares Short VIX Short-Term Futures ETF------ ------
TZADirexion Daily Small Cap Bear 3x Shares------ ------
SPXUProShares UltraPro Short S&P500------ ------
UUPPowershares DB U.S. Dollar Index Bullish Fund------ ------
SQQQProShares UltraPro Short QQQ------ ------
TBFProShares Short 20+ Year Treasury------ ------
DUSTDirexion Daily Gold Miners Index Bear 3x Shares------ ------
SPXSDirexion Daily S&P 500 Bear 3X Shares------ ------
PSQProShares Short QQQ------ ------
TMVDirexion Daily 20+ Year Treasury Bear 3x Shares------ ------
QIDProShares UltraShort QQQ------ ------
RWMProShares Short Russell2000------ ------
DOGProShares Short Dow30------ ------
EUOProShares UltraShort Euro------ ------
SCOProShares UltraShort Bloomberg Crude Oil------ ------
DXDProShares UltraShort Dow30------ ------
TBTProShares UltraShort 20+ Year Treasury
SHProShares Short S&P500
SDSProShares UltraShort S&P500
XIVVelocityShares Daily Inverse VIX Short-Term ETN
SVXYProShares Short VIX Short-Term Futures ETF
TZADirexion Daily Small Cap Bear 3x Shares
SPXUProShares UltraPro Short S&P500
UUPPowershares DB U.S. Dollar Index Bullish Fund
SQQQProShares UltraPro Short QQQ
TBFProShares Short 20+ Year Treasury
DUSTDirexion Daily Gold Miners Index Bear 3x Shares
SPXSDirexion Daily S&P 500 Bear 3X Shares
PSQProShares Short QQQ
TMVDirexion Daily 20+ Year Treasury Bear 3x Shares
QIDProShares UltraShort QQQ
RWMProShares Short Russell2000
DOGProShares Short Dow30
EUOProShares UltraShort Euro
SCOProShares UltraShort Bloomberg Crude Oil
DXDProShares UltraShort Dow30
ProShares UltraShort 20+ Year TreasuryTBTFixed IncomeVanillaNorth AmericaU.S.U.S. GovernmentTreasuryLong-TermYesNoNoInteractive DataMarket ValueMarket ValueNo
ProShares Short S&P500SHEquityVanillaNorth AmericaU.S.Size and StyleLarge CapBroad-basedYesNoNoS&P 500S&PCommitteeMarket CapNo
ProShares UltraShort S&P500SDSEquityVanillaNorth AmericaU.S.Size and StyleLarge CapBroad-basedYesNoNoS&P 500S&PCommitteeMarket CapNo
VelocityShares Daily Inverse VIX Short-Term ETNXIVAlternativesVanillaNorth AmericaU.S.Tactical ToolsVolatilityS&P 500 Short-TermYesNoNoS&P 500 VIX Short-Term Futures Index ERS&PSingle AssetSingle AssetNo
ProShares Short VIX Short-Term Futures ETFSVXYAlternativesVanillaNorth AmericaU.S.Tactical ToolsVolatilityS&P 500 Short-TermYesNoNoS&P 500 VIX Short-Term Futures Index ERS&PSingle AssetSingle AssetNo
Direxion Daily Small Cap Bear 3x SharesTZAEquityVanillaNorth AmericaU.S.Size and StyleSmall CapBroad-basedYesNoNoRussell 2000 IndexRussellMarket CapMarket CapNo
ProShares UltraPro Short S&P500SPXUEquityVanillaNorth AmericaU.S.Size and StyleLarge CapBroad-basedYesNoNoS&P 500S&PCommitteeMarket CapNo
Powershares DB U.S. Dollar Index Bullish FundUUPCurrencyMulti-factorGlobal Ex-U.S.Global Ex-U.S.Basket - Global Ex-USDeveloped MarketsDerivativeYesNoNoDB Long USD Futures IndexDeutsche BankFixedMulti-FactorNo
ProShares UltraPro Short QQQSQQQEquityExchange-specificNorth AmericaU.S.Size and StyleLarge CapBroad-basedYesNoNoNASDAQ-100 IndexNASDAQNASDAQ - ListedTieredNo
ProShares Short 20+ Year TreasuryTBFFixed IncomeVanillaNorth AmericaU.S.U.S. GovernmentTreasuryLong-TermYesNoNoInteractive DataMarket ValueMarket ValueNo
Direxion Daily Gold Miners Index Bear 3x SharesDUSTEquityVanillaGlobalGlobalSectorBasic MaterialsGold MinersYesNoNoNYSE Arca Gold Miners IndexNYSEMarket CapMarket CapNo
Direxion Daily S&P 500 Bear 3X SharesSPXSEquityVanillaNorth AmericaU.S.Size and StyleLarge CapBroad-basedYesNoNoS&P 500S&PCommitteeMarket CapNo
ProShares Short QQQPSQEquityExchange-specificNorth AmericaU.S.Size and StyleLarge CapBroad-basedYesNoNoNASDAQ-100 IndexNASDAQNASDAQ - ListedTieredNo
Direxion Daily 20+ Year Treasury Bear 3x SharesTMVFixed IncomeVanillaNorth AmericaU.S.U.S. GovernmentTreasuryLong-TermYesNoNoICE U.S. Treasury 20+ Year Bond IndexInteractive DataMarket ValueMarket ValueNo
ProShares UltraShort QQQQIDEquityExchange-specificNorth AmericaU.S.Size and StyleLarge CapBroad-basedYesNoNoNASDAQ-100 IndexNASDAQNASDAQ - ListedTieredNo
ProShares Short Russell2000RWMEquityVanillaNorth AmericaU.S.Size and StyleSmall CapBroad-basedYesNoNoRussell 2000 IndexRussellMarket CapMarket CapNo
ProShares Short Dow30DOGEquityPrice-weightedNorth AmericaU.S.Size and StyleLarge CapBroad-basedYesNoNoDow Jones Industrial AverageDow JonesCommitteePriceNo
ProShares UltraShort EuroEUOCurrencyVanillaEuropeEurozoneEuroEuroDerivativeYesNoNoUSD/EUR Exchange RateSpot PriceSingle AssetSingle AssetNo
ProShares UltraShort Bloomberg Crude OilSCOCommoditiesExtended TermGlobalGlobalEnergyCrude OilExtended TermYesNoNoBloomberg WTI Crude Oil Subindex Total ReturnBloombergSingle AssetSingle AssetNo
ProShares UltraShort Dow30DXDEquityPrice-weightedNorth AmericaU.S.Size and StyleLarge CapBroad-basedYesNoNoDow Jones Industrial AverageDow JonesCommitteePriceNo
TBTProShares UltraShort 20+ Year TreasuryOpen-Ended Fund20.0039.601099
SHProShares Short S&P500Open-Ended Fund20.0039.601099
SDSProShares UltraShort S&P500Open-Ended Fund20.0039.601099
XIVVelocityShares Daily Inverse VIX Short-Term ETNExchange-Traded Note20.0039.601099
SVXYProShares Short VIX Short-Term Futures ETFCommodities Pool27.8427.84K-1
TZADirexion Daily Small Cap Bear 3x SharesOpen-Ended Fund20.0039.601099
SPXUProShares UltraPro Short S&P500Open-Ended Fund20.0039.601099
UUPPowershares DB U.S. Dollar Index Bullish FundCommodities Pool27.8427.84K-1
SQQQProShares UltraPro Short QQQOpen-Ended Fund20.0039.601099
TBFProShares Short 20+ Year TreasuryOpen-Ended Fund20.0039.601099
DUSTDirexion Daily Gold Miners Index Bear 3x SharesOpen-Ended Fund20.0039.601099
SPXSDirexion Daily S&P 500 Bear 3X SharesOpen-Ended Fund20.0039.601099
PSQProShares Short QQQOpen-Ended Fund20.0039.601099
TMVDirexion Daily 20+ Year Treasury Bear 3x SharesOpen-Ended Fund20.0039.601099
QIDProShares UltraShort QQQOpen-Ended Fund20.0039.601099
RWMProShares Short Russell2000Open-Ended Fund20.0039.601099
DOGProShares Short Dow30Open-Ended Fund20.0039.601099
EUOProShares UltraShort EuroCommodities Pool27.8427.84K-1
SCOProShares UltraShort Bloomberg Crude OilCommodities Pool27.8427.84K-1
DXDProShares UltraShort Dow30Open-Ended Fund20.0039.601099
TBTProShares UltraShort 20+ Year Treasury6.86 / 10--90.87------
SHProShares Short S&P5006.86 / 1097.7890.87------
SDSProShares UltraShort S&P5006.86 / 1097.7890.87------
XIVVelocityShares Daily Inverse VIX Short-Term ETN------------
SVXYProShares Short VIX Short-Term Futures ETF------------
TZADirexion Daily Small Cap Bear 3x Shares------------
SPXUProShares UltraPro Short S&P5006.86 / 1097.7890.87------
UUPPowershares DB U.S. Dollar Index Bullish Fund------------
SQQQProShares UltraPro Short QQQ6.86 / 1097.7890.87------
TBFProShares Short 20+ Year Treasury6.86 / 10--90.87------
DUSTDirexion Daily Gold Miners Index Bear 3x Shares------------
SPXSDirexion Daily S&P 500 Bear 3X Shares------------
PSQProShares Short QQQ6.86 / 1097.7890.87------
TMVDirexion Daily 20+ Year Treasury Bear 3x Shares------------
QIDProShares UltraShort QQQ6.86 / 1097.7890.87------
RWMProShares Short Russell20006.86 / 1097.7890.87------
DOGProShares Short Dow306.86 / 1097.7890.87------
EUOProShares UltraShort Euro------------
SCOProShares UltraShort Bloomberg Crude Oil------------
DXDProShares UltraShort Dow306.86 / 1097.7890.87------

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