# ProShares Short S&P500 (0KOK)

**Source:** https://fundology.uk/fund/0kok · ISIN US74349Y7537 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 05/10/2026, 0KOK (ProShares Short S&P500, ISIN US74349Y7537) closed at $31.98 on the London Stock Exchange. Its ongoing charge is 0.89% a year (about £89 on £10,000). Over the five years to 05/10/2026 its total return was −34.7%, or −49.0% after UK CPIH inflation.

## Summary

ProShares Short S&P500 is an exchange-traded fund (ETF) from ProShares, launched in 2006. It aims to deliver a multiple, or the opposite, of one day’s move in what it tracks. The multiple resets daily, so over longer periods its return can differ a lot from the multiple of the index return. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.89% a year — about £89 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year.

> This fund is domiciled outside the UK and EU and does not publish the key information document UK rules require, so most UK platforms do not offer it to retail investors. It is shown for reference.

> **Leveraged & inverse:** Built for short-term trading. Because the multiple resets every day, losses can build up quickly when held for longer, even if the index ends up where it started.

Latest close: **$31.98** (05/10/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | 0KOK |
| ISIN | US74349Y7537 |
| Category | Leveraged & inverse |
| Type | ETF |
| Provider | ProShares |
| Tracks | S&P 500 |
| Income | Distributing |
| Ongoing charge | 0.89% a year (£89 per £10,000) |
| Fund size | £553m |
| Launched | 2006 |
| Domicile | United States |

## Past returns (periods to 05/10/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | -7.33% | -10.24% | income reinvested |
| 3 years | -41.65% | -47.35% | income reinvested |
| 5 years | -34.72% | -48.97% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of ProShares Short S&P500 in pounds (price only, income paid out not included): 2021 −25.3%, 2022 +32.9%, 2023 −23.4%, 2024 −18.3%; 2026 to 05/10/2026 −8.1%. Returns of ProShares Short S&P500 in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −13.0%; to 30/09/2024: −31.2%; to 30/09/2023: −23.8%; to 30/09/2022: +43.1%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2021 | -25.3% | -28.7% | Price |
| 2022 | +32.9% | +21.7% | Price |
| 2023 | -23.4% | -26.5% | Price |
| 2024 | -18.3% | -21.1% | Price |
| 2026 to 05/10/2026 | -8.1% | -10.7% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 14.77% | -18.75% |
| 3 years | 23.70% | -52.67% |
| 5 years | 24.63% | -61.80% |

## Largest fall

Volatility of ProShares Short S&P500 in pounds, annualised from weekly returns to 05/10/2026: 14.8% over 1 year, 23.7% over 3 years, 24.6% over 5 years. Largest fall in the price of ProShares Short S&P500 since October 2021, in pounds: −61.8% from 30/09/2022 to 17/08/2026. The lowest 12-month return of ProShares Short S&P500 in pounds (price only, income paid out not included) since October 2020 was −36.0% (12 months to 29/10/2021); the highest was +42.9% (12 months to 21/10/2022). On 05/10/2026 the price of ProShares Short S&P500 was 60.9% below its highest weekly close since October 2021 (30/09/2022), in pounds.

## Charges compared with similar funds

Ongoing charge of ProShares Short S&P500 0.89% a year, as of 06/10/2026: 153 of the 260 other leveraged and inverse products charge more, 0 the same and 107 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.89%** per year
- ISA eligible: no
- SIPP eligible: no

## Questions people ask

**What is the ongoing charge of 0KOK?**

The ongoing charge of 0KOK is 0.89% a year — about £89 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of ProShares Short S&P500 0.89% a year, as of 06/10/2026: 153 of the 260 other leveraged and inverse products charge more, 0 the same and 107 less (share classes counted once).

**What does 0KOK track?**

0KOK tracks the S&P 500.

**Is 0KOK accumulating or distributing?**

0KOK is distributing: income is paid out to holders as cash, usually a few times a year. It pays out quarterly.

**What is the ISIN of 0KOK?**

The ISIN of 0KOK is US74349Y7537. An ISIN identifies one exact share class of a fund; 0KOK is its ticker on the London Stock Exchange.

**What were 0KOK’s returns in each of the last five years?**

Calendar-year returns of 0KOK in pounds (price only, income paid out not included): 2021 −25.3%, 2022 +32.9%, 2023 −23.4%, 2024 −18.3%; 2026 to 05/10/2026 −8.1%. Past performance is not a guide to future returns.

**How has 0KOK done after inflation?**

Over the five years to 05/10/2026 0KOK’s total return was −34.7%, or −49.0% after UK CPIH inflation. Past performance is not a guide to future returns.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.