SPXU 3x Short
ProShares UltraPro Short S&P500
Shorts: S&P 500 Index (SPY)
Expense Ratio
0.90%
Leverage
3x Inverse
Issuer
ProShares
Inception
Jun 2009
SPXU is the ProShares UltraPro Short S&P500, a 3x inverse ETF that gains approximately 3% for every 1% decline in the S&P 500. It resets daily and is intended for short-term bearish trades, not long-term holds. Use the SPXU calculator to estimate one-day profit/loss.
S&P 500 Short ETF Quick Answers
| Search | Direct Answer |
|---|---|
| SPXU stock | SPXU is an ETF, not common stock. It provides 3x inverse daily S&P 500 exposure. |
| short S&P 500 ETF | Common choices are SH 1x, SDS 2x, SPXU 3x, and SPXS 3x. |
| SPXU calculator | Use the S&P 500 short ETF calculator for estimated SPXU profit/loss. |
SPXU ETF Fact Check
| What it is | SPXU is ProShares UltraPro Short S&P500, an inverse ETF tied to S&P 500 Index (SPY). |
|---|---|
| Daily target | 3x Inverse exposure before fees, expenses, tracking error, and daily compounding effects. |
| Cost check | Expense ratio shown here: 0.90%. Verify the latest fee, holdings, and prospectus on the issuer page before trading. |
| Holding-period check | Leveraged inverse ETFs are designed around daily objectives; multi-day returns can diverge sharply from the simple inverse multiple. |
Source checks: ProShares ETF pages for current fund documents and the SEC/FINRA leveraged and inverse ETF bulletin for daily reset risk. Inception shown here: Jun 2009.
High Risk Leveraged Product
SPXU is a 3x leveraged inverse ETF designed for short-term trading only. Daily rebalancing causes significant decay over time. NOT suitable for buy-and-hold investors.
What SPXU Shorts
SPXU provides 3x inverse (-300%) daily exposure to the S&P 500 Index. When the S&P 500 falls 1% in a day, SPXU aims to rise approximately 3%.
The S&P 500 includes 500 of the largest US companies, representing approximately 80% of the total US stock market capitalization.