ProShares Short Basic Materials ETF (the "Fund") is an open-end management investment company. The Fund seeks daily investment results, before fees and expenses, that correspond to the inverse (–1x) of the daily performance of the Dow Jones U.S. Basic Materialssm Index (the "Index"). As of May 31 2013, the Fund's total assets were $5,071,657 and the Fund's investment portfolio was valued at $4,677,505. The SBM stock yearly return is shown above.
The yearly return on the SBM stock yearly return page and across the coverage universe of our site,
is a measure of the annual return over the calendar year 2019 for the given stock.
When performing this calculation it is important to factor in dividends, because a financial instrument's annual return is
more than just the change in price if that instrument pays a dividend or coupon.
One way to factor dividends into the return is simply to count them as cash — we don't do
that here. Instead, our website aims to empower investors
by performing the SBM annual return calculation with any dividends reinvested as applicable (on ex-dates).
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