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

Inception January 2007
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.
Expense Ratio 0.95%
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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