- ISIN
- US74347X6417
- CUSIP
- 74347X641
- Issuer
- ProShares
- Inception Date
- Mar 18, 2010
- Region
- North America (U.S.)
- Category
- REIT
- Leveraged
- 1x (No leverage)
- Index Tracked
- DJ Global United States (All) / Real Estate -SS (-100%)
- Distribution Policy
- Distributing
- Asset Class
- Real Estate
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $10M
Share Price Chart
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Performance
REK Performance Chart
ProShares Short Real Estate (REK) is down 7.9% since the beginning of the year. REK is currently trading at $16 per share. Investors who bought $1,000 worth of REK shares 5 years ago would now be looking at an investment worth $986.
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Returns By Period
ProShares Short Real Estate (REK) has returned -7.89% so far this year and -4.34% over the past 12 months. Over the last ten years, REK has returned -6.27% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
ProShares Short Real Estate
- 1D
- -1.04%
- 1M
- 0.80%
- YTD
- -7.89%
- 6M
- -8.19%
- 1Y
- -4.34%
- 3Y*
- -4.78%
- 5Y*
- -0.28%
- 10Y*
- -6.27%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
REK Monthly Returns History
Based on dividend-adjusted daily data since Mar 18, 2010, REK's average daily return is -0.03%, while the average monthly return is -0.74%.
Historically, 40% of months were positive and 60% were negative. The best month was Sep 2022 with a return of +14.2%, while the worst month was Oct 2011 at -13.4%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 10 months.
On a daily basis, REK closed higher 45% of trading days. The best single day was Mar 16, 2020 with a return of +16.3%, while the worst single day was Aug 9, 2011 at -9.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.27% | -5.14% | 6.98% | -7.81% | 1.34% | -0.60% | -7.89% | ||||||
| 2025 | -1.44% | -3.31% | 2.75% | 0.95% | -0.56% | 0.30% | 0.56% | -1.60% | 0.05% | 3.44% | -1.17% | 2.57% | 2.35% |
| 2024 | 5.58% | -2.04% | -1.08% | 9.70% | -4.30% | -1.03% | -6.39% | -4.81% | -2.64% | 3.97% | -3.59% | 9.70% | 1.42% |
| 2023 | -9.28% | 6.77% | 2.16% | -0.65% | 5.28% | -4.89% | -0.46% | 3.61% | 8.58% | 3.20% | -11.02% | -7.74% | -6.61% |
| 2022 | 8.67% | 4.21% | -6.52% | 3.49% | 4.20% | 6.98% | -8.69% | 6.40% | 14.16% | -3.68% | -6.29% | 5.67% | 29.17% |
| 2021 | -0.34% | -2.44% | -5.77% | -7.08% | -1.65% | -2.20% | -4.91% | -2.20% | 5.60% | -6.83% | 2.15% | -9.28% | -30.58% |
Benchmark Metrics
ProShares Short Real Estate has an annualized alpha of 2.60%, beta of -0.84, and R2 of 0.53 versus S&P 500 Index. Calculated based on daily prices since March 18, 2010.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -112.63%), but participation in market rallies was also limited (-57.96%) - a profile typical of counter-cyclical assets.
- This ETF generated an annualized alpha of 2.60% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of -0.84 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 2.60%
- Beta
- -0.84
- R²
- 0.53
- Upside Capture
- -57.96%
- Downside Capture
- -112.63%
Expense Ratio
REK has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
REK ranks 5 for risk / return — in the bottom 5% 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 Short Real Estate (REK) 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.
| REK | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -3.12 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.37 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 2.78 | -3.18 |
| Martin ratioReturn relative to average drawdown | -0.89 | 12.44 | -13.33 |
Dividends
Dividend History
ProShares Short Real Estate provided a 3.32% dividend yield over the last twelve months, with an annual payout of $0.52 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.52 | $0.59 | $1.08 | $0.82 | $0.10 | $0.00 | $0.02 | $0.33 | $0.14 |
Dividend yield | 3.32% | 3.43% | 6.22% | 4.50% | 0.48% | 0.00% | 0.07% | 1.28% | 0.43% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares Short Real Estate. 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 | $0.08 | $0.00 | $0.00 | $0.00 | $0.08 | ||||||
| 2025 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.59 |
| 2024 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.29 | $1.08 |
| 2023 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.31 | $0.82 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 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 Short Real Estate. 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 Short Real Estate was 84.57%, occurring on Dec 31, 2021. The portfolio has not yet recovered.
The current ProShares Short Real Estate drawdown is 82.20%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2021 bear market2021 | -84.57%Dec 2021 | 11y 6mo | — | 15y 11moJul 2010 - now |
2010 correction2010 | -11.52%May 2010 | 4d | 1mo 26d | 2moMay 2010 - Jul 2010 |
2010 pullback2010 | -9.95%May 2010 | 1mo 12d | 3d | 1mo 15dMar 2010 - May 2010 |
2010 pullback2010 | -0.22%Mar 2010 | 0s | 1d | 1dMar 2010 - Mar 2010 |
Drawdown Indicators
| REK | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.57% | -56.78% | -27.79% |
Max Drawdown (1Y)Largest decline over 1 year | -11.05% | -9.10% | -1.95% |
Max Drawdown (3Y)Largest decline over 3 years | -26.93% | -18.90% | -8.03% |
Max Drawdown (5Y)Largest decline over 5 years | -26.93% | -25.43% | -1.50% |
Max Drawdown (10Y)Largest decline over 10 years | -58.67% | -33.92% | -24.75% |
Current DrawdownCurrent decline from peak | -82.20% | -1.80% | -80.40% |
Average DrawdownAverage peak-to-trough decline | -64.11% | -10.71% | -53.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.90% | 2.03% | +2.87% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Build a portfolio with REK
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