All charts and data below are CPI-U inflation-adjusted and with dividends reinvested. (Why?)

Total Real Returns

SH: Total Real Return Chart (Dividends Reinvested, Inflation Adjusted)

SH real return snapshot: after CPI-U inflation, SH returned −13.33% over the past year and −11.25% YTD, with dividends reinvested. Since Jun. 21, 2006, SH is down −94.58% in real purchasing-power return, or −13.43%/yr, and is currently −96.60% below its real total-return high on Mar. 9, 2009.

Data ending Fri Sep. 11, 2026

Growth of $10,000

Wed 2006-06-21💬 to Fri 2026-09-11 Overall
Return 		Exponential
Trendline
SH × 		−94.58%
−13.43%/yr 		−14.76%/yr
R2=0.979
ProShares Short S&P500 Exchange-Traded Fund

Growth of $10,000 Summary

Wed 2006-06-21💬 to Fri 2026-09-11 Start
Value 		End
Value
SH × 		$10,000.00
2006-06-21 		$541.74
2026-09-11

This Year’s Performance

through 2026-09-11

  YTD YoY
SH × 		−11.25% −13.33%

Drawdowns

  Current
Drawdown 		Worst
Drawdown
SH × 		−96.60%
on 2026-09-11
from 2009-03-09 peak 		−96.67%
on 2026-08-13
from 2009-03-09 peak

Rolling Returns

Period ending Fri 2026-09-11 1 yr 2 yr 3 yr 5 yr 10 yr
SH × 		−13.33% −26.48%
−14.26%/yr 		−38.06%
−14.76%/yr 		−46.19%
−11.66%/yr 		−81.50%
−15.53%/yr

Annual Returns

Year SH
2026 (YTD) −11.25%
2025 −13.66%
2024 −15.95%
2023 −17.56%
2022 +11.75%
2021 −29.19%
2020 −26.09%
2019 −23.86%
2018 +2.96%
2017 −19.07%
2016 −14.23%
2015 −4.87%
2014 −14.32%
2013 −26.96%
2012 −17.22%
2011 −10.48%
2010 −17.82%
2009 −28.95%
2008 +38.68%
2007 −2.64%
2006 −7.81%