ProShares UltraShort Technology (REW)
REW is a passive ETF by ProShares tracking the investment results of the Dow Jones U.S. Technology Index (-200%). REW launched on Jan 30, 2007 and has a 0.95% expense ratio.
ETF Info
| ISIN | US74347G1013 |
|---|---|
| CUSIP | 74347G853 |
| Issuer | ProShares |
| Inception Date | Jan 30, 2007 |
| Region | North America (U.S.) |
| Category | Leveraged Equities, Leveraged |
| Leveraged | 2x |
| Index Tracked | Dow Jones U.S. Technology Index (-200%) |
| Home Page | www.proshares.com |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
REW has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: REW vs. TECS, REW vs. XLK, REW vs. SPY, REW vs. VXX, REW vs. ^VVIX, REW vs. ^GSPC
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ProShares UltraShort Technology, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
ProShares UltraShort Technology had a return of -15.03% year-to-date (YTD) and -47.79% in the last 12 months. Over the past 10 years, ProShares UltraShort Technology had an annualized return of -41.57%, while the S&P 500 had an annualized return of 10.84%, indicating that ProShares UltraShort Technology did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -15.03% | 10.00% |
| 1 month | -2.70% | 2.41% |
| 6 months | -24.36% | 16.70% |
| 1 year | -47.79% | 26.85% |
| 5 years (annualized) | -45.77% | 12.81% |
| 10 years (annualized) | -41.57% | 10.84% |
Monthly Returns
The table below presents the monthly returns of REW, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -5.41% | -8.90% | -1.73% | 13.11% | -15.03% | ||||||||
| 2023 | -18.81% | -2.62% | -21.59% | 0.82% | -16.16% | -11.19% | -4.38% | 2.63% | 14.34% | -0.05% | -21.28% | -8.11% | -62.25% |
| 2022 | 15.75% | 7.51% | -10.18% | 28.92% | -0.84% | 16.42% | -22.13% | 11.23% | 27.11% | -10.85% | -14.86% | 18.55% | 64.79% |
| 2021 | -3.34% | -3.30% | -5.14% | -12.63% | -0.36% | -14.05% | -8.18% | -9.57% | 13.61% | -16.51% | -6.67% | -4.88% | -53.61% |
| 2020 | -8.30% | 12.23% | -5.15% | -28.64% | -15.11% | -14.42% | -11.65% | -21.94% | 9.45% | 2.28% | -19.63% | -8.76% | -71.36% |
| 2019 | -17.87% | -9.46% | -8.43% | -12.09% | 20.74% | -14.60% | -8.79% | 4.58% | -4.22% | -7.82% | -10.36% | -7.93% | -57.10% |
| 2018 | -11.62% | -4.09% | 5.81% | -1.49% | -12.93% | 1.79% | -4.97% | -12.83% | 1.18% | 15.31% | 2.65% | 15.51% | -10.26% |
| 2017 | -9.83% | -8.76% | -5.30% | -2.90% | -9.65% | 4.98% | -9.16% | -5.34% | -0.54% | -14.37% | -1.78% | -1.44% | -49.12% |
| 2016 | 10.19% | -1.72% | -14.62% | 11.83% | -11.25% | 4.32% | -15.93% | -4.03% | -5.53% | 0.33% | -1.40% | -2.40% | -29.55% |
| 2015 | 8.80% | -15.41% | 8.02% | -6.52% | -5.60% | 9.08% | -4.68% | 8.11% | 3.09% | -19.49% | -2.14% | 4.67% | -16.16% |
| 2014 | 2.26% | -9.26% | -1.29% | -0.71% | -7.37% | -6.42% | -2.81% | -7.48% | 0.52% | -2.25% | -9.89% | 0.79% | -36.74% |
| 2013 | -3.65% | -1.12% | -4.60% | -1.75% | -9.84% | 8.56% | -9.59% | 0.44% | -6.47% | -9.23% | -6.04% | -7.64% | -41.51% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of REW is 0, indicating that it is in the bottom 0% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
REW (ProShares UltraShort Technology)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ProShares UltraShort Technology (REW) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
ProShares UltraShort Technology granted a 3.53% dividend yield in the last twelve months. The annual payout for that period amounted to $0.48 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.48 | $0.48 | $0.05 | $0.00 | $0.04 | $0.90 | $0.59 |
Dividend yield | 3.53% | 2.99% | 0.11% | 0.00% | 0.07% | 0.45% | 0.13% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares UltraShort Technology. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | |||||||
| 2023 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.13 | $0.48 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 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 |
| 2020 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 |
| 2019 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.11 | $0.90 |
| 2018 | $0.10 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.24 | $0.59 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares UltraShort Technology. 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 UltraShort Technology was 99.98%, occurring on Mar 12, 2024. The portfolio has not yet recovered.
The current ProShares UltraShort Technology drawdown is 99.98%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -99.98% | Nov 21, 2008 | 3755 | Mar 12, 2024 | — | — | — |
| -37.72% | Mar 6, 2007 | 164 | Nov 6, 2007 | 62 | Feb 6, 2008 | 226 |
| -31.04% | Mar 18, 2008 | 56 | Jun 5, 2008 | 72 | Sep 17, 2008 | 128 |
| -27.82% | Oct 28, 2008 | 6 | Nov 4, 2008 | 9 | Nov 17, 2008 | 15 |
| -22.43% | Oct 13, 2008 | 1 | Oct 13, 2008 | 9 | Oct 24, 2008 | 10 |
Volatility
Volatility Chart
The current ProShares UltraShort Technology volatility is 11.42%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.