S&P : SPY(+1), SPUU/ SSO(+2), SH(-1), SDS(-2), SPXU(-3)

SPDR S&P 500 (SPY)

- SPY Fund Description : SPY tracks a market-cap-weighted index of US large- and midcap stocks selected by the S&P Committee.

 

- SPY Factset Analytics Insight : SPY is the best-recognized and oldest ETF and typically tops rankings for largest AUM and greatest trading volume. The fund tracks the massively popular US index, the S&P 500. Few realize that S&P's index committee chooses 500 securities to represent the US large-cap space—not necessarily the 500 largest by market cap, which can lead to some omissions of single names. Still, the index offers outstanding exposure to the US large-cap space. Unlike direct peers IVV and VOO, SPY is a unit investment trust, an older but entirely viable structure. As a UIT, SPY must fully replicate its index (it probably would anyway) and forgo the small risk and reward of securities lending. It also can’t reinvest portfolio dividends between distributions; the resulting cash drag will slightly hurt performance in up markets and help in downtrends. SPY is extremely cheap to hold, but is typically edged out by IVV and VOO in this respect. SPY's phenomenal trading volume makes it the perfect vehicle for tactical traders and mom and pop investors alike.

 

 

ProShares Short S&P500 (SH)

ProShares Short S&P500 seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the S&P 500®.

This short ProShares ETF seeks a return that is -1x the return of its underlying benchmark (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, holding periods of greater than one day can result in returns that are significantly different than the target return and ProShares' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks. Investors should monitor their holdings as frequently as daily. Investors should consult the prospectus for further details on the calculation of the returns and the risks associated with investing in this product.

 

Ticker	SH
Intraday Ticker	SH.IV
CUSIP	74347B425
Inception Date	6/19/06
Expense Ratio *	0.89%
NAV Calculation Time	4:00 p.m. ET
Distributions	Quarterly