The takeaway
ProShares Short Dow30 shows a moderate seasonal pattern over 10 years of data — strongest in February (+1.2%) and softest in November (−3.9%).
Right now
In July, the fund has fallen 10% of years, averaging −2.4%, roughly 4.6 pts behind the S&P 500.
The full picture
ProShares Short Dow30's most dependable month has been February, higher in 5 of 10 years; November has been its least reliable, up just 10% of the time.
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Month by month
The fund's clearest edge over the S&P 500 lands in February (+1.4 pts); it has trailed the market most in November (−6.3 pts).
“vs S&P” is ProShares Short Dow30’s average for a month minus the S&P 500’s average for that same month — isolating ProShares Short Dow30’s own seasonal edge from broad market drift.
Reality check
Over the last 5 years, February has closed higher 60% of the time versus 50% across the last 10 years — the pattern is holding.
Figures are the typical (median) February return and how often it rose — the last 5 years versus the last 10(the heatmap’s default window). This verdict stays anchored to that 10-year window even if you zoom the chart, so it never disagrees with the badges above.
In plain English
The calendar barely registers for this fund. Even its firmest month, February, has risen in only 5 of 10 Februaries — nothing recurs reliably enough to lean on.
Its roughest month on record was a −15.2% April in 2020 — a reminder of how hard even a seasonal name can fall.
Reassuringly, the tendency has held its shape: the recent five years still track the years behind them.
The honest read is that the calendar is close to noise here — better treated as background than a reason to act.
Short answers on the fund's best month (February), its worst (November), and whether it really trades seasonally.
Yes, to a moderate degree. Since 2016 its best month (February, +1.2%) has run well ahead of its worst (November, −3.9%) — the heatmap above shows how steady that gap has been year to year.
February has been the strongest, averaging +1.2% and closing higher in 5 of 10 years since 2016.
It's the weakest, averaging −3.9% — historically a soft spot, though it still varies from year to year.
Explore
These names have the strongest July track records on record — a starting point for comparison.
Before you trade