FB ProShares S&P 500 Dynamic Buffer ETF

About this ETF

ProShares S&P 500 Dynamic Buffer ETF is an exchange-traded fund that provides exposure to the S&P 500 Index through a dynamic risk management strategy. It employs a patent-pending approach using short-term equity options, primarily via swap agreements, to enable participation in S&P 500 daily gains up to a defined cap while offering a buffer against the first 1% to 5% of daily losses. Both the upside cap and downside buffer reset daily, automatically adjusting based on expected market volatility: larger buffers and higher caps during higher volatility periods, and scaled-down levels when volatility is lower. This distinguishes it from traditional buffer ETFs with fixed outcome periods, aiming to help risk-sensitive investors maintain equity market involvement with mitigated drawdowns and lower volatility. The fund tracks the S&P 500 Daily Dynamic Buffer Index, distributes quarterly, and operates within the equity asset class as part of ProShares' dynamic buffer offerings. Launched in 2025 and headquartered in the United States, it supports investors seeking defined daily risk parameters in large-cap U.S. equities.