SH vs PPH

Comparison between ProShares Short S&P500 -1x Shares (SH, ETF) and VanEck Pharmaceutical ETF (PPH, ETF).

5-Year PerformancePPH has outperformed SH, delivering a return of +10.9% compared to -8.2%

SH vs PPH - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SH(ETF)	PPH(ETF)
Net Assets	$928M	$926M
Expense Ratio	0.89%	0.36%
Max Drawdown	96.15%	56.58%
Sharpe Ratio	-1.33	1.50
5Y Beta	-0.97	0.35
P/E Ratio	N/A	26.83
Forward P/E	N/A	17.70
5Y Dividends CAGR	N/A	14.65%
5Y EPS CAGR	N/A	8.40%
P/S Ratio	N/A	0.30
P/B Ratio	N/A	4.76

Net Assets

Winner

$928M

PPH

$926M

Expense Ratio

0.89%

Winner

PPH

0.36%

Max Drawdown

96.15%

Winner

PPH

56.58%

Sharpe Ratio

-1.33

Winner

PPH

1.50

5Y Beta

Winner

-0.97

PPH

0.35

P/E Ratio

N/A

PPH

26.83

Forward P/E

N/A

PPH

17.70

5Y Dividends CAGR

N/A

PPH

14.65%

5Y EPS CAGR

N/A

PPH

8.40%

P/S Ratio

N/A

PPH

0.30

P/B Ratio

N/A

PPH

4.76

SH vs PPH - Historical Returns

Returns include dividend reinvestment.

Period	SH	PPH
1 month	-1.85%	+6.64%
3 months	-1.98%	+13.01%
6 months	-8.32%	+7.13%
1 year	-13.45%	+33.64%
5 years(CAGR)	-8.21%	+10.90%
10 years(CAGR)	-12.54%	+8.72%
Max(CAGR)	-11.31%	+6.00%

-1.85%

Winner

PPH

+6.64%

-1.98%

Winner

PPH

+13.01%

-8.32%

Winner

PPH

+7.13%

-13.45%

Winner

PPH

+33.64%

5Y(CAGR)

-8.21%

Winner

PPH

+10.90%

10Y(CAGR)

-12.54%

Winner

PPH

+8.72%

Max(CAGR)

-11.31%

Winner

PPH

+6.00%

SH vs PPH - Annual Returns (2000 - 2026)

Returns include dividend reinvestment.

Year	SH	PPH
2026	-8.54%	+14.01%
2025	-11.61%	+21.89%
2024	-14.04%	+6.40%
2023	-15.11%	+6.12%
2022	+19.65%	+2.76%
2021	-25.21%	+17.91%
2020	-24.36%	+5.10%
2019	-22.12%	+18.81%
2018	+5.67%	-7.42%
2017	-16.79%	+13.30%
2016	-13.78%	-16.30%
2015	-4.31%	+3.52%
2014	-14.42%	+24.41%
2013	-23.96%	+34.66%
2012	-14.45%	+11.45%
2011	-6.93%	+16.04%
2010	-15.20%	+0.34%
2009	-24.87%	+18.86%
2008	+36.95%	-19.40%
2007	+1.16%	+4.69%
2006	-8.42%	+13.09%
2005	N/A	-2.66%
2004	N/A	-9.15%
2003	N/A	+4.19%
2002	N/A	-24.72%
2001	N/A	-11.83%
2000	N/A	+26.49%

SH vs PPH Drawdown Comparison

The maximum drawdown for SH was -94.75%, occurring on Aug 13, 2026. This drawdown has not yet recovered.

The maximum drawdown for PPH was -51.45%, occurring on Mar 3, 2009. Recovery took 2970 trading sessions.

The current SH drawdown is -94.66%. The current PPH drawdown is -0.55%.

Rank	SH	PPH
#1	-94.75% Mar 9, 2009 - Aug 13, 2026	-51.45% Dec 28, 2000 - Oct 18, 2012
#2	-22.19% Nov 20, 2008 - Mar 2, 2009	-30.19% Aug 5, 2015 - Jan 6, 2021
#3	-17.15% Oct 27, 2008 - Nov 19, 2008	-21.59% Feb 8, 2000 - Apr 4, 2000
#4	-15.22% Jul 17, 2006 - Jan 18, 2008	-20.26% Apr 8, 2022 - Aug 8, 2023
#5	-11.46% Mar 10, 2008 - Jul 3, 2008	-18.05% Aug 30, 2024 - Nov 11, 2025
#6	-10.82% Oct 10, 2008 - Oct 24, 2008	-15.13% Jul 11, 2000 - Oct 23, 2000
#7	-7.60% Sep 17, 2008 - Sep 29, 2008	-10.77% Feb 27, 2026 - Jul 2, 2026
#8	-7.32% Jul 15, 2008 - Sep 15, 2008	-10.27% Aug 11, 2023 - Jan 2, 2024
#9	-6.38% Jan 22, 2008 - Mar 7, 2008	-8.98% Sep 24, 2014 - Nov 11, 2014
#10	-3.12% Jun 27, 2006 - Jul 13, 2006	-8.71% May 25, 2000 - Jun 27, 2000
#11	-2.77% Sep 29, 2008 - Oct 2, 2008	-7.69% Oct 18, 2012 - Jan 8, 2013
#12	-2.48% Mar 3, 2009 - Mar 5, 2009	-7.32% Mar 4, 2014 - Apr 30, 2014
#13	-1.85% Jul 7, 2008 - Jul 9, 2008	-7.15% Aug 17, 2021 - Dec 27, 2021
#14	-1.66% Sep 15, 2008 - Sep 17, 2008	-7.03% Jan 25, 2021 - May 7, 2021
#15	-0.65% Jul 9, 2008 - Jul 11, 2008	-6.37% May 28, 2013 - Jul 25, 2013

Correlation

Correlation between SH and PPH is -0.87 which considered as a strong negative correlation - the stocks tend to move in opposite directions.

-0.87

-101

Dividend Comparison (2000 - 2026)

SH vs PPH dividend yield comparison.

Year	SH	PPH
2026	1.54%	1.26%
2025	4.49%	1.78%
2024	6.20%	1.98%
2023	5.37%	2.09%
2022	1.08%	1.55%
2021	0.00%	1.62%
2020	0.16%	1.66%
2019	1.76%	1.77%
2018	1.01%	1.97%
2017	0.06%	1.92%
2016	0.00%	2.43%
2015	0.00%	1.93%
2014	0.00%	1.70%
2013	0.00%	1.95%
2012	0.00%	3.44%
2011	0.00%	3.88%
2010	0.00%	3.50%
2009	0.00%	11.05%
2008	17.52%	3.83%
2007	3.81%	2.55%
2006	1.86%	3.63%
2005	0.00%	0.47%
2001	0.00%	0.53%
2000	0.00%	0.76%