1-Star ETFs Poised to Plunge: ProShares UltraShort Health Care?
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, the ProShares UltraShort Health Care ETF has received the dreaded one-star ranking.
With that in mind, let's take a closer look at RXD and see what CAPS investors are saying about the ETF right now.
Total Net Assets
Seeks daily investment results that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. Health Care Index. The index measures the performance of the health-care sector of the U.S. equity market.
1-Year / 3-Year / 5-Year Returns
(37.3%) / (29.7%) / (24.7%)
ProShares UltraShort Dow30
Sources: S&P Capital IQ and Motley Fool CAPS.
On CAPS, 96% of the 194 All-Star members who have rated RXD believe the ETF will underperform the S&P 500 going forward.
First of all [UltraShorts] are just plain crap for long-term holdings. Second, I like health care in the U.S. I think Boomers, Obamacare, and [obesity] ... will be good for the health care industry in the states for the next 20-30 years.
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The article 1-Star ETFs Poised to Plunge: ProShares UltraShort Health Care? originally appeared on Fool.com.Fool contributor Brian Pacamparaowns no position in any of the companies mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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