SDS vs SMN
ProShares UltraShort S&P500 compared with ProShares UltraShort Materials on yield, payout growth, payment schedule, cost and risk.
SDS
ProShares UltraShort S&P500
TTM yield · Quarterly
SMN
ProShares UltraShort Materials
TTM yield · Quarterly
Quick take
- SDS yields more today: 4.55% vs 2.46% (forward).
- SMN has grown its payout faster: -1.1%/yr vs -9.2%/yr over the last 3 years.
- Both pay every quarter.
- Over the last year SMN delivered the higher total return: -23.9% vs -26.5% (price change plus payouts).
- SDS is cheaper to own: 0.91% vs 0.95% expense ratio.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | SDS | SMN |
|---|---|---|
| Share price | $54.12 | $19.05 |
| TTM yield | 5.59% | 3.82% |
| Forward yield | 4.55% | 2.46% |
| Annual payout per share | $2.46 | $0.468 |
| Payment frequency | Quarterly | Quarterly |
| Next ex-date | Sep 23, 2026 (est.) | Sep 23, 2026 (est.) |
| Expense ratio | 0.91% | 0.95% |
| 1-year payout growth | -48.2% | -52.4% |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | 0 years | 0 years |
| Payout consistency (last 12) | 50/100 | 52/100 |
| 1-year total return | -26.5% | -23.9% |
| 1-year price return | -30.4% | -26.7% |
| Size (market cap / AUM) | 365.8M | 3.8M |
| Years paying | 19.7 | 19.2 |
| Sector / category | Trading--Inverse Equity | Trading--Inverse Equity |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| SDS | SMN | |
|---|---|---|
| Shares | 184.8 | 524.9 |
| Income per year | $455 | $246 |
| Income per month (avg) | $38 | $20 |
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| SDS Sep 23, 2026 | Oct 7, 2026 | $0.615 | Est. |
| SDS Dec 23, 2026 | Jan 6, 2027 | $0.615 | Est. |
| SDS Mar 24, 2027 | Apr 7, 2027 | $0.615 | Est. |
| SMN Sep 23, 2026 | Oct 7, 2026 | $0.117 | Est. |
| SMN Dec 23, 2026 | Jan 6, 2027 | $0.117 | Est. |
| SMN Mar 24, 2027 | Apr 7, 2027 | $0.117 | Est. |
Annual payouts per share
SDSSMN
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, SDS or SMN?
SDS currently has the higher trailing yield: SDS yields 5.59% and SMN yields 3.82%. Yield changes daily with price, so check the live figures above.
How often do SDS and SMN pay?
SDS pays every quarter and SMN pays every quarter. SDS's next ex-date is Sep 23, 2026 and SMN's is Sep 23, 2026.
Which has grown its dividend faster, SDS or SMN?
SMN has grown its payout faster: -1.1%/yr vs -9.2%/yr over the last 3 years.
Is SDS or SMN better for income?
It depends on what you are optimising for. SDS and SMN differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.