ProShares Short S&P500

SH

Valor de mercado US$ 992 mi

Shorting the S&P 500 without a margin account sounds like a loophole, but the most popular tool for doing it carries a hidden cost that turns a decade of bearish bets into a slow-motion wipeout.

As geopolitical tensions, AI uncertainty and rising economic uncertainty weigh on the outlook, inverse ETFs could offer a tactical way to navigate market weakness.

The S&P 500 is up 11.9% in 2026 despite geopolitical risks, while strong earnings and AI spending could support another year-end rally. Here are the S&P 500 ETFs to watch.

The S&P 500 is up 11.9% in 2026 despite geopolitical risks, while strong earnings and AI spending could support another year-end rally. Here are the S&P 500 ETFs to watch.

The S&P 500 remains resilient in 2026 on AI-led earnings strength, but elevated valuations and geopolitical risks warrant caution.

Inverse ETFs like SH and SPDN could benefit as Middle-East tensions and rising volatility keep U.S. markets under pressure.

The ProShares Short S&P500 (SH) is highlighted as an unattractive vehicle for betting against the S&P 500. Short-term market shocks, like crude oil's March spike, may tempt investors to use SH, but such moves are rarely profitable long-term. Profits from SH are more likely due to luck than skill and tend to reverse to losses over time.

Many analysts are making bullish calls on the S&P 500 target due to earnings, AI and U.S. growth. This has put the focus on VOO, IVV, SPY and SPMO.

AI momentum, strong earnings, resilient U.S. economy, and likely Fed rate cuts could keep fueling the S&P 500 rally, benefiting ETFs like VOO, SPY and IVV.

The ProShares Short S&P500 ETF (SH) is an inverse fund, producing -1x of the daily performance of the S&P 500. Seasonal weakness in the S&P 500, especially in September/October and post-election years, can create tactical opportunities for SH. Successful SH trading requires clear entry and exit points; holding without a plan can result in losses.