Premium Access    ETF Search:   

Proshares UltraShort Basic Materials (SMN)

     3mo     6mo     1yr
Charts and data are derived from prices adjusted for both splits and distributions to emphasize total return.

ETF Symbol:
Avg Vol27k
52 wk High39.70
52 wk Low26.72
Inception:Feb 2007
(as of 2014-10-31)
Total Returns:
1 day-4.0%
5 day-1.4%
1 month-1.5%
3 month3.2%
6 month-4.2%
9 month-24.8%
1 year-23.8%
Compare Funds:
Correlated Group: Materials (View cGroup) (All Groups)


Correlated Funds

Most Correlated Inverse/Least Correlated
Direxion S&P 500 Bear 3X SharesSPXS0.85First Trust Large Cap Core AlphaDEX FundFEX-0.87
ProShares UltraPro Short S&P 500SPXU0.85Guggenheim ETF TR S&P 500 Eq WghtdRSP-0.87
Proshares UltraShort S&P500SDS0.84PowerShares DWA Basic MaterialsPYZ-0.92
ProShares Short S&P 500SH0.84Guggenheim S&P Equal Weight Materials ETFRTM-0.93
ProShares UltraPro Short MidCap400SMDD0.83First Trust Materials AlphaDEX FundFXZ-0.94
ProShares Short Midcap 400MYY0.83Select Sector SPDR Fund - MaterialsXLB-0.98
Proshares UltraShort Midcap 400MZZ0.83Fidelity MSCI MaterialsFMAT-0.98
Direxion Daily Mid Cap Bear 3X SharesMIDZ0.83Vanguard MaterialsVAW-0.98
Proshares UltraShort Oil & GasDUG0.79Proshares Ultra Basic MaterialsUYM-0.98
Direxion Energy Bear 3X SharesERY0.79iShares Dow Jones U.S. Basic Materials IndexIYM-0.98
These 126 day (6 month) correlations can be considered short term, focusing on recent price movements.
Correlations are only calculated for actively traded funds. As of: 2014-10-24.

Exchange-traded funds are similar to index funds that trade like a single stock. Until the advent of the ETF, it was impossible to trade indexes this easily through an equity account. Most ETFs are relatively static in make-up, like the SPY or QQQQ index funds. Others, like some of the PowerShares funds, are dynamic and the holdings are changed routinely. ETFs have risks similar to stocks in that their value can rise or fall at the discretion of the marketplace. Some ETFs, like international funds and narrowly based indexes, have special risks that the investor should be aware of. However, used properly ETFs can provide an efficient and effective investment vehicle for achieving results that were near impossible for the typical investor to achieve prior to their development.

Important Disclaimer: The information provided by is strictly for informational purposes and is not to be construed as advice or solicitation to buy or sell any security. The owner of assumes no liability resulting from the use of the material contained herein for any purposes, including investment purposes. Privacy Policy Disclaimer/Terms of Use

If you have a comment please contact us. Advertise with us Market Data by:On-Demand Financial Market Data by Xignite