ProShares Short S&P500 (SH) is trading at $33.57, which is -94.5% below its all-time high of $613.46. The Drawdown Severity Score is 16.4, placing it in the red (severe) zone. Over its tracked history, SH has experienced 15 significant drawdown events with an average maximum drawdown of -7.5%.
Data last updated: June 15, 2026 at 09:06 AM EDT
SH
StockProShares Short S&P500
Price
$33.57
as of Jun 12, 2026
All Time High: $613.46
Historic
Current Drawdown
-94.5%
Days in Drawdown
6291
Avg Max Drawdown
7.5%
Avg Length
63
Drawdown Severity Score™
16.4
SH - Price & High Water Mark
SH - Drawdown Timeline
How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.
ProShares Short S&P500 (SH) Analysis: Current Drawdown Insights
ProShares Short S&P500 is currently in a drawdown that is unusual by its own historical standards. As of 2026-06-12, the stock is trading at $33.57, which represents a 94.5% decline from its all-time high of $613.46. This drawdown has persisted for 6291 days.
Based on its full tracked price history, ProShares Short S&P500 typically experiences drawdowns averaging 7.5% in depth, with an average duration of 63 days. ProShares Short S&P500 has gone through 15 total drawdown events in its tracked history. The largest drawdown on record for ProShares Short S&P500 was 22.1%, beginning in 2008. The longest drawdown duration on record was 550 days.
The Drawdown Severity Score™ for ProShares Short S&P500 currently stands at 16.39. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score above 12.0 indicates a historic, once-in-a-decade event: declines of this magnitude are extraordinarily rare in this asset's tracked history and can also signal fundamental changes worth investigating.
Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns: periods when the price declines from all-time highs before recovering. By analyzing ProShares Short S&P500's historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that is rare by that stock's own historical standards.
📜 Historical Drawdown Events
Current drawdown shown in blue. Showing the most recent and the deepest of 15 tracked pullbacks (15 listed).
| Start Date | End Date | Duration | Max Depth | Start Price | Lowest Price | Recovery Price |
|---|---|---|---|---|---|---|
| 2009-03-22 | Ongoing | 6291 days | -94.5% | $613.46 | $33.57 | n/a |
| 2009-03-04 | 2009-03-05 | 2 days | -2.5% | $597.52 | $582.70 | $605.95 |
| 2008-11-21 | 2009-03-02 | 102 days | -22.1% | $588.23 | $458.42 | $592.85 |
| 2008-10-28 | 2008-11-19 | 23 days | -17.2% | $546.05 | $452.39 | $550.99 |
| 2008-10-13 | 2008-10-24 | 12 days | -10.8% | $522.21 | $465.73 | $530.16 |
| 2008-09-30 | 2008-10-03 | 4 days | -4.4% | $434.23 | $414.93 | $437.07 |
| 2008-09-18 | 2008-09-29 | 12 days | -7.6% | $422.96 | $390.80 | $434.23 |
| 2008-09-16 | 2008-09-17 | 2 days | -1.5% | $410.22 | $403.99 | $422.96 |
| 2008-07-16 | 2008-09-15 | 62 days | -7.2% | $408.57 | $379.08 | $410.22 |
| 2008-07-10 | 2008-07-11 | 2 days | -0.7% | $398.16 | $395.55 | $400.82 |
| 2008-07-08 | 2008-07-09 | 2 days | -1.9% | $397.48 | $390.12 | $398.16 |
| 2008-03-11 | 2008-07-03 | 115 days | -11.5% | $392.95 | $347.91 | $393.74 |
| 2008-01-23 | 2008-03-07 | 45 days | -6.4% | $384.91 | $360.33 | $387.55 |
| 2006-07-18 | 2008-01-18 | 550 days | -15.2% | $375.60 | $318.49 | $378.72 |
| 2006-06-28 | 2006-07-13 | 16 days | -3.1% | $372.62 | $360.99 | $372.83 |
| 2006-06-26 | 2006-06-27 | 2 days | -0.3% | $370.60 | $369.43 | $372.62 |
How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).
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SH Price History and Drawdown Data
Latest price
$33.57
High-water mark
$613.46
Current drawdown
-94.5%
Days in drawdown
6,291
This SH page is built around daily price history, the latest high-water mark, current drawdown depth, drawdown duration, and comparable historical drawdown events. The chart above provides the price-history context, while the sections below explain how the current move compares with prior ProShares Short S&P500 drawdowns.
What History Says About SH
ProShares Short S&P500 has dropped 5%+ from its high 8 times in its tracked history. These events lasted an average of 115 days with an average max drop of -12.2%.
The current drawdown of -94.5% has lasted 6,291 days, which is 54.7x the average duration of comparable events.
| Period | Max Drop | Duration |
|---|---|---|
| Nov 2008 to Mar 2009 | -22.1% | 102 days |
| Oct 2008 to Nov 2008 | -17.2% | 23 days |
| Jul 2006 to Jan 2008 | -15.2% | 550 days |
| Mar 2008 to Jul 2008 | -11.5% | 115 days |
| Oct 2008 to Oct 2008 | -10.8% | 12 days |
| Sep 2008 to Sep 2008 | -7.6% | 12 days |
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