About Sds and Sds Trading
What is the Proshares Ultra S&P 500?
ProShares UltraShort S&P500 (SDS) is an Exchange Traded Fund targetting a return that is two times the inverse of the daily performance of the S&P 500 Index.
ETFs (Exchange Traded Funds) give traders the ability to track the performance of specific indices, bonds, or a group of assets. In this case, SDS tracks the performance of the S&P 500 index.
When did the Proshares UltraShort S&P500 begin trading and how is it performing?
A member of the trading-inverse equity category belonging to the ProShares fund family, the Proshares UltraShort began trading on July 11, 2006.
SDS trading aims to achieve daily performance results, before fees and expenses, that equate to two times the inverse of the daily performance of the S&P 500. For the first quarter of 2020, the ETF rose 22.69%, while the S&P 500 was down almost 20%, demonstrating the inverse correlation between them two.
What's the difference between SDS and SPXU?
SPXU (ProShares UltraPro Short S&P500) aims to achieve daily performance results 300% larger than the inverse of the daily performance of the S&P 500, and not two times larger which is the case for SDS trading.