SAAProShares Ultra SmallCap600
SAA Fund Description
SAA provides 2x leveraged exposure to a market-cap-weighted index of 600 companies with market caps between $52.3M and $5.2B.
SAA Factset Analytics Insight
As a levered product, SAA is not a buy-and-hold ETF; it’s a short-term tactical instrument. Like many levered funds, it delivers its 2x exposure only for 1 day. Rebalance your exposure if you want the multiple for longer periods.SAA offers 2x levered exposure to 600 companies that span mid-cap, small-cap and micro-cap territories, i.e., the S&P 600.As a short-term instrument, total costs associated with using this ETF are heavily weighted toward trading costs. Unfortunately, SAA is has struggled with liquidity. Check the latest data in the Tradability section. Other levered small cap plays might be more liquid (try TNA or UWM).
SAA MSCI ESG Analytics Insight
ProShares Ultra SmallCap600 has an MSCI ESG Fund Rating of BB based on a score of 3.59 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. ProShares Ultra SmallCap600 ranks in the 15th percentile within its peer group and in the 9th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
SAA Charts And Performance
SAA Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SAA. SAA is rated a N/A out of 5.