SDDProShares UltraShort SmallCap600
SDD Fund Description
SDD provides daily -2x exposure to a market-cap-weighted index of 600 US small-cap companies.
SDD Factset Analytics Insight
SDD is a more aggressive version of its sister fund SBB, providing a 2x leveraged 1-day bet against US small-cap firms as defined by the S&P SmallCap 600. The fund is designed to provide -200% of the return of the S&P SmallCap 600—a market-cap-weighted index of small-cap firms selected by S&P—on a daily basis. This daily reset means the fund is intended to be used as a tactical trading vehicle, and held for no more than 1 day. The problem is, SDD has so few assets that the market for the fund’s shares is both shallow and wide, so its utility as a trading vehicle is significantly diminished. Investors interested in making a bet against small-caps would do well to consider SRTY, which provides 2x inverse exposure to the Russell 2000, and has the liquidity needed to make trading a practical endeavor.
SDD Charts And Performance
SDD Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SDD. SDD is rated a N/A out of 5.