⚠️

Leveraged Products Warning

2x and 3x leveraged ETFs reset daily and are designed for short-term trading only. Holding periods longer than one day can result in returns that differ significantly from the expected multiple.

Short Index ETF Quick Answer

If you want to short a major U.S. index without directly shorting futures or ETFs, the cleanest ETF choices are SH/SDS/SPXU for the S&P 500, PSQ/QID/SQQQ for Nasdaq-100, DOG/DXD/SDOW for Dow Jones, and RWM/TWM/SRTY/TZA for Russell 2000.

Short the S&P 500

Ticker Name Leverage Issuer Expense
SH ProShares Short S&P500 1x ProShares 0.88% Details →
SDS ProShares UltraShort S&P500 2x ProShares 0.89% Details →
SPXU ProShares UltraPro Short S&P500 3x ProShares 0.90% Details →
SPXS Direxion Daily S&P 500 Bear 3X 3x Direxion 1.01% Details →

Short the NASDAQ-100

Ticker Name Leverage Issuer Expense
PSQ ProShares Short QQQ 1x ProShares 0.95% Details →
QID ProShares UltraShort QQQ 2x ProShares 0.95% Details →
SQQQ ProShares UltraPro Short QQQ 3x ProShares 0.95% Details →

Short the Dow Jones

Ticker Name Leverage Issuer Expense
DOG ProShares Short Dow30 1x ProShares 0.95% Details →
DXD ProShares UltraShort Dow30 2x ProShares 0.95% Details →
SDOW ProShares UltraPro Short Dow30 3x ProShares 0.95% Details →

Short the Russell 2000 (Small Caps)

Ticker Name Leverage Issuer Expense
RWM ProShares Short Russell2000 1x ProShares 0.95% Details →
TWM ProShares UltraShort Russell2000 2x ProShares 0.95% Details →
SRTY ProShares UltraPro Short Russell2000 3x ProShares 0.95% Details →
TZA Direxion Daily Small Cap Bear 3X 3x Direxion 1.01% Details →