Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, ProShares UltraShort Financials (NYSE: SKF ) has received the dreaded one-star ranking.
With that in mind, let's take a closer look at the ProShares UltraShort Financials and see what CAPS investors are saying about it right now.
ProShares UltraShort Financials facts
|Total Net Assets||$211.6 million|
|Investment Approach||Seeks investment results that correspond to twice the inverse (-2x) of the daily performance of the Dow Jones U.S. Financials Index. The Dow Jones U.S. Financials Index measures the performance of the financials industry of the U.S. equity market.|
|1-Year / 3-Year / 5-Year Returns||(52.4%) / (29.0%) / (34.4%)|
|Alternatives||ProShares UltraShort S&P 500
ProShares Short S&P 500
Direxion Daily Financial Bear 3x Shares
Sources: S&P Capital IQ and Motley Fool CAPS.
On CAPS, 69% of the 410 All-Star members who have rated the ProSharesUltraShort Financials ETF believe it will underperform the S&P 500 going forward.
Just last week, one of those Fools, TerryHogan, succinctly summed up the bear case for our community: "I think financials with little exposure to eurozone debt have been oversold simply by association, so I don't agree with the direction of this ETF. I also don't like leveraged ETFs in general."
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