SDS vs CEMB

Comparison between ProShares UltraShort S&P500 -2x Shares (SDS, ETF) and ISHARES J.P. MORGAN EM CORPORATE BOND ETF (CEMB, ETF).

5-Year PerformanceCEMB has outperformed SDS, delivering a return of +1.9% compared to -20.7%

SDS vs CEMB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SDS(ETF)	CEMB(ETF)
Net Assets	$398M	$397M
Expense Ratio	N/A	0.50%
Max Drawdown	99.89%	25.91%
Sharpe Ratio	-1.27	0.51
5Y Beta	-1.92	0.13
5Y Dividends CAGR	22.27%	4.82%

Net Assets

Winner

SDS

$398M

CEMB

$397M

Expense Ratio

SDS

N/A

CEMB

0.50%

Max Drawdown

SDS

99.89%

Winner

CEMB

25.91%

Sharpe Ratio

SDS

-1.27

Winner

CEMB

0.51

5Y Beta

Winner

SDS

-1.92

CEMB

0.13

5Y Dividends CAGR

Winner

SDS

22.27%

CEMB

4.82%

SDS vs CEMB - Historical Returns

Returns include dividend reinvestment.

Period	SDS	CEMB
1 month	-0.50%	-0.17%
3 months	-10.66%	+0.32%
6 months	-15.07%	+1.04%
1 year	-26.57%	+5.26%
5 years(CAGR)	-20.67%	+1.87%
10 years(CAGR)	-27.05%	+3.35%
Max(CAGR)	-25.06%	+3.64%

SDS

-0.50%

Winner

CEMB

-0.17%

SDS

-10.66%

Winner

CEMB

+0.32%

SDS

-15.07%

Winner

CEMB

+1.04%

SDS

-26.57%

Winner

CEMB

+5.26%

5Y(CAGR)

SDS

-20.67%

Winner

CEMB

+1.87%

10Y(CAGR)

SDS

-27.05%

Winner

CEMB

+3.35%

Max(CAGR)

SDS

-25.06%

Winner

CEMB

+3.64%

SDS vs CEMB - Annual Returns (2006 - 2026)

Returns include dividend reinvestment.

Year	SDS	CEMB
2026	-15.42%	+1.55%
2025	-27.18%	+8.77%
2024	-30.24%	+6.15%
2023	-32.17%	+8.26%
2022	+32.17%	-12.21%
2021	-44.54%	-0.61%
2020	-48.99%	+6.46%
2019	-41.12%	+13.74%
2018	+7.54%	-3.04%
2017	-30.97%	+6.77%
2016	-26.29%	+10.83%
2015	-9.61%	-1.70%
2014	-27.06%	+0.11%
2013	-42.30%	-5.29%
2012	-27.66%	+9.22%
2011	-17.21%	N/A
2010	-29.93%	N/A
2009	-47.35%	N/A
2008	+57.43%	N/A
2007	-4.12%	N/A
2006	-19.87%	N/A

SDS vs CEMB Drawdown Comparison

The maximum drawdown for SDS was -99.85%, occurring on Jun 2, 2026. This drawdown has not yet recovered.

The maximum drawdown for CEMB was -20.84%, occurring on Mar 19, 2020. Recovery took 114 trading sessions.

The current SDS drawdown is -99.85%. The current CEMB drawdown is -0.39%.

Rank	SDS	CEMB
#1	-99.85% Mar 9, 2009 - Jun 2, 2026	-20.84% Feb 21, 2020 - Aug 4, 2020
#2	-41.04% Nov 20, 2008 - Mar 5, 2009	-20.49% Sep 13, 2021 - Sep 27, 2024
#3	-33.06% Jul 17, 2006 - Jul 11, 2008	-11.84% May 2, 2013 - Jun 2, 2014
#4	-31.02% Oct 27, 2008 - Nov 20, 2008	-9.58% May 11, 2015 - Apr 4, 2016
#5	-22.44% Oct 10, 2008 - Oct 27, 2008	-7.73% Jul 10, 2014 - Apr 24, 2015
#6	-14.92% Jul 15, 2008 - Sep 17, 2008	-5.60% Jan 11, 2018 - Feb 4, 2019
#7	-13.57% Sep 17, 2008 - Sep 29, 2008	-4.05% Oct 25, 2016 - Jan 9, 2017
#8	-8.50% Sep 29, 2008 - Oct 3, 2008	-3.10% Feb 28, 2025 - May 29, 2025
#9	-0.43% Mar 5, 2009 - Mar 9, 2009	-2.88% Feb 27, 2026 - Jun 1, 2026
#10	N/A	-2.75% May 7, 2012 - Jun 21, 2012
#11	N/A	-2.49% Feb 10, 2021 - Jun 15, 2021
#12	N/A	-2.49% May 12, 2016 - Jul 8, 2016
#13	N/A	-2.29% Jan 24, 2013 - Apr 5, 2013
#14	N/A	-2.11% Sep 27, 2024 - Feb 24, 2025
#15	N/A	-2.11% Sep 11, 2012 - Oct 16, 2012

Correlation

Correlation between SDS and CEMB is -0.80 which considered as a strong negative correlation - the stocks tend to move in opposite directions.

-0.80

-101

Dividend Comparison (2006 - 2026)

SDS vs CEMB dividend yield comparison.

Year	SDS	CEMB
2026	1.81%	2.61%
2025	5.88%	5.14%
2024	7.89%	5.11%
2023	5.77%	4.77%
2022	0.35%	4.29%
2021	0.00%	3.51%
2020	0.92%	3.86%
2019	1.84%	4.19%
2018	1.28%	4.66%
2017	0.09%	4.06%
2016	0.00%	4.26%
2015	0.00%	4.76%
2014	0.00%	4.23%
2013	0.00%	3.93%
2012	0.00%	2.50%
2008	22.43%	0.00%
2007	3.30%	0.00%
2006	1.24%	0.00%