SDP ETF — ProShares UltraShort Utilities

ProShares UltraShort Utilities (SDP)

Updated October 16, 2026.

SDP is an ETF. its distribution rate is 2.76%, its trailing-12-month yield is 3.65%, its expense ratio is 0.95%. Total return is -98.9% over the past 19.6 years, 784.4 points behind SPY at 685.5%.

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

Price and return data through 2026-10-16.

Total return is -98.9% over the past 19.6 years, 784.4 points behind SPY at 685.5%. Over the past year its total return — price change plus distributions reinvested — is 15.2%. Its deepest 1-year drawdown was 22.7%.

SDP key facts

Issuer

ProShares

Asset type

ETF

Asset class

Equity

Inception date

01/30/2007

Expense ratio

0.95%

Distribution rate

2.76%

Distribution frequency

Quarterly

Trailing yield

3.65%

Last close

$24.48 (as of 2026-10-16)

AUM

$2,099,592

Average volume

8050.0

Dividend

$0.169

Ex-dividend date

09/23/2026

Payment date

09/29/2026

Beta

-1.05

How Dividend Vision calculates yield and returns

Distribution rate (2.76%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (3.65%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

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 22.7%.

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.

More on SDP

• All tickers starting with S

Tagged: Leverage, Short.

Frequently asked questions

More securities from ProShares.