ProShares Decline of the Retail Store ETF (EMTY)

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The chart shows the growth of an initial investment of $10,000 in ProShares Decline of the Retail Store ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

ProShares Decline of the Retail Store ETF (EMTY) has returned -2.09% so far this year and -10.96% over the past 12 months.

Based on dividend-adjusted daily data since Nov 16, 2017, EMTY's average daily return is -0.04%, while the average monthly return is -0.76%.

Historically, 41% of months were positive and 59% were negative. The best month was Mar 2020 with a return of +25.4%, while the worst month was Apr 2020 at -21.6%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 15 months.

On a daily basis, EMTY closed higher 50% of trading days. The best single day was Mar 16, 2020 with a return of +12.9%, while the worst single day was Mar 24, 2020 at -12.1%.

ProShares Decline of the Retail Store ETF has an annualized alpha of 3.09%, beta of -0.93, and R² of 0.48 versus S&P 500 Index. Calculated based on daily prices since November 17, 2017.

• This ETF tended to rise when S&P 500 Index fell (downside capture of -179.20%), but participation in market rallies was also limited (-68.51%) — a profile typical of counter-cyclical assets.
• Beta of -0.93 may look defensive, but with R² of 0.48 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.48 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.

EMTY has an expense ratio of 0.66%, placing it in the medium range.

EMTY ranks 4 for risk / return — in the bottom 4% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for ProShares Decline of the Retail Store ETF (EMTY) and compare them to a chosen benchmark (S&P 500 Index).

ProShares Decline of the Retail Store ETF provided a 3.56% dividend yield over the last twelve months, with an annual payout of $0.42 per share.

The table displays the monthly dividend distributions for ProShares Decline of the Retail Store ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the ProShares Decline of the Retail Store ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the ProShares Decline of the Retail Store ETF was 77.62%, occurring on Feb 13, 2026. The portfolio has not yet recovered.

The current ProShares Decline of the Retail Store ETF drawdown is 75.56%.

The chart below shows the rolling one-month volatility.