Dallas, Texas 02/18/2014 (FINANCIALSTRENDS) – ProShares Short S&P500 (ETF) (NYSEARCA:SH) has garnered a market cap of $1.3 billion and tracks it performance which is inversely proportional to daily returns which are posted by the S&P 500 index. The fund has more than 50 percent of its investment spread across the S&P 500 Index Swap Societe Generale (32.41 of its total accumulated funds), S&P 500 Index Swap Goldman Sachs International (20.44 percent).
The other major investment vehicles the fund has invested into are S&P 500 Index Swap Citibank and S&P 500 Index Swap Credit Suisse International. Over all it has its investment risk spread across 21 portfolios. S&P 500 E-Mini Future at 1.76 percent and Spdr S&P 500 (Spy) Swap Deutsche Bank Ag at 0.48 percent are the smallest investments the fund is holding till date.
ProShares Short S&P500 (ETF) (NYSEARCA:SH) has concentrated all its investment in the form of cash, by pulling out its investment in international stock. Since its inception in June of 2006, this inverse equity category fund has shown depreciation of 20 percent in the trailing 12 months. The fund enjoys an expense ratio of 0.95 percent with its 20 day and 60 day moving average hovering in the $25.85 to $25.79 range.
The fund attracted 5 day volatility of 45.8 percent, which is in line with exposure to volatility that its competitor funds offer investors. In terms of market cap, the other top inverse index ETF are ProShares Short Russell 2000 which boasts of market cap of $372.21 million and ProShares Short Dow 30 which has got its market up to $284.65 million.
The “Inverse Equities ETFdb Category” boasts of a total of 17 ETFs which collectively boast of a market cap of close to $3.46 billion. These ETF’s provide more returns to its investors when the S&P 500 index is suffering losses.