Share-split context: A reverse split was recorded on Jun 12, 2025 with coefficient 0.5. A reverse split combines multiple old shares into fewer new shares and mechanically raises the quoted price per share. That mechanical increase does not restore lost investment value. The returns in this report are already split-adjusted, while reverse-split history remains a separate structural warning.

What this ETF is trying to do

The ProShares UltraShort Consumer Discretionary (SCC) is a specialized fund. It is both "leveraged" and "inverse." An inverse ETF is designed to move in the opposite direction of a specific market index. In this case, it focuses on consumer discretionary stocks (companies that sell things people want but don't necessarily need). Because it is leveraged, it aims to amplify those opposite movements.

What the numbers show

The current price of the ETF is $15.87 as of October 7, 2026. Because this fund has a history of share splits, we look at split-adjusted returns to see how it has performed:

• Year-to-Date (YTD): The price return is approximately 10.66%, and the total return is approximately 12.47%.

• One Year: The price return is approximately 6.15%, while the total return is approximately 9.10%.

• Three Year: The price return is approximately -58.84%, and the total return is approximately -53.01%.

• Five Year: The total return is approximately -49.43%.

Price return only measures the change in the share price. Total return is a different measure that includes the distributions paid out to investors.

Income and distribution explanation

This ETF usually pays distributions quarterly. Over the last 12 months, it has paid out four times. The distribution yield is approximately 2.58%.

It is important for beginners to know that a distribution yield is not the same as a total return. A high yield does not guarantee that an investor made money, as the share price can still go down while the fund pays out cash.

NAV erosion explanation

"NAV erosion" happens when the value of an ETF's underlying assets declines over time, often making it hard for the share price to recover. StockValueFinder uses an erosion-risk score to measure this.

For this ETF, the erosion score is 100, and the severity is labeled as "good." The data states "No price erosion detected," and the severe erosion-risk flag is false.

Share Split History

This ETF has a history of reverse splits, with five events in total. The most recent occurred on June 12, 2025, with a coefficient of 0.5. In a reverse split, multiple old shares are combined into fewer new shares. This causes the quoted per-share price to rise mechanically, but it does not restore any lost investment value.

Pros

• Positive price and total returns over the short term (YTD and one year).

• No price erosion detected according to the erosion-risk score.

Cons

• Significant price and total return losses over the three-year and five-year periods.

• High complexity due to being both inverse and leveraged.

Beginner takeaway

SCC is a complex tool used to bet against consumer discretionary stocks with extra power (leverage). While it has seen gains recently, it has lost a large portion of its value over the last several years. Investors should remember that high distributions do not protect against a falling share price.