SDP ETF — ProShares UltraShort Utilities

ProShares UltraShort Utilities (SDP)

SDP is an ETF. As of August 19, 2026, its distribution rate is 2.98%, its trailing-12-month yield is 4.00%, its expense ratio is 0.95%. Fund total return is -99.0% over the past 19.4 years, 786.9 points behind SPY at 687.9%.

At the current 2.98% distribution rate, a $10,000 investment would generate approximately $298 per year, or $24.83 per month on an equivalent basis. Actual quarterly payments vary.

ProShares UltraShort Utilities is an ETF that seeks inverse leveraged exposure to large-cap utility companies in the S&P 500 Index, making it a bearish bet that profits when utility stocks decline. The fund carries a moderate current distribution rate paid quarterly and has an expense ratio of 0.95%, which is elevated due to its leveraged structure. This ETF appeals to tactical traders and investors seeking short-term hedges against utility sector weakness rather than buy-and-hold income investors.

SDP performance versus SPY

Data as of August 19, 2026.

Fund total return is -99.0% over the past 19.4 years, 786.9 points behind SPY at 687.9%. Its deepest 1-year drawdown was 25.4%.

SDP key facts

Data as of August 19, 2026.

Issuer

ProShares

Asset type

ETF

Asset class

Equity

Inception date

01/30/2007

Expense ratio

0.95%

Distribution rate

2.98%

Distribution frequency

Quarterly

Trailing yield

4.00%

Last close

$22.93

AUM

$4,143,549

Average volume

8987.0

Last dividend

$0.1710

Ex-dividend date

06/24/2026

Payment date

06/30/2026

Beta

-0.8

How Dividend Vision calculates yield and returns

Distribution rate (2.98%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (4.00%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: ProShares; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

SDP risks and drawbacks

SDP's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 25.4%.

Who may consider SDP — and who may not

SDP may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (SDP pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from ProShares.