- ISIN
- US74347B3675
- CUSIP
- 74347B367
- Issuer
- ProShares
- Inception Date
- Nov 14, 2017
- Category
- Inverse Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Solactive-ProShares Bricks and Mortar Retail Store Index (-100%)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Assets Under Management
- $3M
Share Price Chart
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Performance
EMTY Performance Chart
ProShares Decline of the Retail Store ETF (EMTY) is up 0.7% since the beginning of the year. EMTY is currently trading at $24 per share. Investors who bought $1,000 worth of EMTY shares 5 years ago would now be looking at an investment worth $840.
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Returns By Period
ProShares Decline of the Retail Store ETF (EMTY) has returned 0.67% so far this year and -2.70% over the past 12 months.
ProShares Decline of the Retail Store ETF
- 1D
- 2.56%
- 1M
- -2.08%
- YTD
- 0.67%
- 6M
- 2.98%
- 1Y
- -2.70%
- 3Y*
- -3.56%
- 5Y*
- -3.42%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.21%
- 1M
- 0.23%
- YTD
- 8.39%
- 6M
- 10.39%
- 1Y
- 24.03%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.61%
EMTY Monthly Returns History
Based on dividend-adjusted daily data since Nov 16, 2017, EMTY's average daily return is -0.03%, while the average monthly return is -0.73%.
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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -4.79% | -3.75% | 6.84% | -1.73% | 3.11% | 1.47% | 0.67% | ||||||
| 2025 | -0.89% | 6.25% | 2.59% | -0.97% | -6.97% | -0.43% | -2.53% | -5.88% | 1.41% | 6.01% | -1.61% | 2.19% | -1.76% |
| 2024 | 3.45% | -8.08% | -0.99% | 13.06% | -11.94% | 5.44% | -1.30% | 2.14% | -3.64% | 5.60% | -8.98% | 3.88% | -4.13% |
| 2023 | -7.02% | 4.07% | 1.19% | 0.34% | 15.47% | -8.31% | -2.25% | 7.13% | 7.42% | 3.05% | -7.18% | -10.41% | 0.27% |
| 2022 | 8.92% | 3.08% | -4.39% | 0.99% | 4.28% | 6.19% | -7.58% | -2.65% | 7.78% | -10.32% | -6.26% | 6.61% | 4.32% |
| 2021 | -12.48% | -2.27% | -10.62% | -4.01% | -1.44% | -3.41% | 0.92% | -4.36% | 6.64% | -5.65% | -5.15% | -2.68% | -37.39% |
Benchmark Metrics
ProShares Decline of the Retail Store ETF has an annualized alpha of 4.63%, beta of -0.92, and R2 of 0.48 versus S&P 500 Index. Calculated based on daily prices since November 16, 2017.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -176.67%), but participation in market rallies was also limited (-64.35%) - a profile typical of counter-cyclical assets.
- Beta of -0.92 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.
- Alpha
- 4.63%
- Beta
- -0.92
- R²
- 0.48
- Upside Capture
- -64.35%
- Downside Capture
- -176.67%
Expense Ratio
EMTY has an expense ratio of 0.66%, placing it in the medium range.
Return for Risk
Risk / Return Rank
EMTY ranks 7 for risk / return — in the bottom 7% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProShares Decline of the Retail Store ETF (EMTY) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EMTY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.09 | ||
| Sortino ratioReturn per unit of downside risk | -2.73 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.35 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | 2.65 | -2.85 |
| Martin ratioReturn relative to average drawdown | -0.34 | 11.88 | -12.22 |
Dividends
Dividend History
ProShares Decline of the Retail Store ETF provided a 3.46% dividend yield over the last twelve months, with an annual payout of $0.85 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.85 | $0.93 | $1.55 | $1.26 | $0.19 | $0.00 | $0.03 | $0.55 | $0.46 | $0.02 |
Dividend yield | 3.46% | 3.83% | 6.00% | 4.41% | 0.65% | 0.00% | 0.07% | 0.82% | 0.62% | 0.03% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.00 | $0.14 | ||||||
| 2025 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.25 | $0.93 |
| 2024 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.52 | $1.55 |
| 2023 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.47 | $1.26 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
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 74.87%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -77.62%Feb 2026 | 5y 10mo | — | 6y 2moMar 2020 - now |
Rate-hike selloffLate 2018 | -25.23%Sep 2018 | 10mo 14d | 8mo 7d | 1y 6moNov 2017 - May 2019 |
2019 bear market2019 | -22.60%Dec 2019 | 4mo 17d | 2mo 11d | 6mo 28dAug 2019 - Mar 2020 |
COVID crash2020 | -5.66%Mar 2020 | 0s | 3d | 3dMar 2020 - Mar 2020 |
2019 pullback2019 | -5.11%Jul 2019 | 1mo 13d | 16d | 1mo 29dJun 2019 - Aug 2019 |
Drawdown Indicators
| EMTY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.62% | -56.78% | -20.84% |
Max Drawdown (1Y)Largest decline over 1 year | -13.91% | -9.10% | -4.81% |
Max Drawdown (3Y)Largest decline over 3 years | -30.83% | -18.90% | -11.93% |
Max Drawdown (5Y)Largest decline over 5 years | -30.83% | -25.43% | -5.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -74.87% | -2.49% | -72.38% |
Average DrawdownAverage peak-to-trough decline | -54.36% | -10.72% | -43.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.90% | 2.03% | +5.87% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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