ProShares UltraShort S&P500
$57.04
-99.8%
Jun 17, 2026
C
MarginalGraded against SDS's own history at this drawdown — not the market's.
What it means: SDS's own history does not strongly favor buying at this level yet.
What to do: Consider watching and waiting for a deeper dip or a higher grade.
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index is designed to measure the performance of 500 of the largest companies listed and domiciled in the U.S. Under normal circumstances, the fund will obtain inverse leveraged exposure to at least 80% of its total assets in components of the index or in instruments with similar economic characteristics. The fund is non-diversified.
Three plain-English paragraphs — current state, historical base rate, and interpretation — so you walk away with context, not a dashboard.
In plain terms: SDS is 99.8% below its highest-ever price. Dipsern checks every past time it was this far down and grades how the next 90 days usually went.
Right now SDS — ProShares UltraShort S&P500 — is in a historic crash, down 99.8% from its record high. Last price: $57.04. When an asset is this far below its peak, the binary becomes recovery vs. zero. Dipsern's segmentation answers the question with data, not narratives.
History at this drawdown level is well-populated for SDS — 2824 confirmed observations in the 100%-to-95% band. The Dipsern engine uses these to compute a rolling median rather than a mean, because medians are robust to the kind of fat tails you find in etfs return distributions. The win rate (% of episodes that closed positive after 90 days) is shown in the segments table below.
ETFs aggregate constituent behavior, so their drawdowns tend to be shallower but more persistent than single stocks. The median forward return at a given drawdown level for an ETF is usually a more stable signal than for an individual equity. In crash territory, the most informative number is the worst observed forward return — not the median. The full app shows the max-loss column for the current segment.
Five tickers closest to SDS's distance from all-time high. Same category, one tap away.
Dipsern segments the full drawdown range into 20 equal-width bands. The table shows the number of confirmed historical observations in each band for SDS. Median forward returns, win rates, and prediction errors are available in the full analysis.
We segment 40+ years of SDS's price history into 20 equal-width drawdown bands and compute forward median returns, win rates, and prediction error per band. No look-ahead bias. Pure NumPy. Open math, gated numbers.
Years of history
40+
Drawdown bands
20
Look-ahead bias
None
Data sources
4
See the Dipsern grade, median returns, win rates, prediction accuracy, 8 interactive charts, historical price paths, and a plain-English verdict for SDS.
Dipsern is research and a second opinion — not a broker. You'd buy SDS at your own broker.
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Signal computed Jun 17, 2026 using default parameters (90-day return period, 20 segments, 0.95 decay). Data sourced from Yahoo Finance, Binance, CoinGecko, and Steam Market.