- ISIN
- US74348A2446
- CUSIP
- 74347G556
- Issuer
- ProShares
- Inception Date
- Jan 30, 2007
- Region
- North America (U.S.)
- Category
- REIT
- Leveraged
- 2x
- Index Tracked
- Dow Jones U.S. Real Estate Index (-200%)
- Distribution Policy
- Distributing
- Asset Class
- Real Estate
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $17M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
SRS Performance Chart
ProShares UltraShort Real Estate (SRS) is down 14.1% since the beginning of the year. SRS is currently trading at $42 per share. Investors who bought $1,000 worth of SRS shares 5 years ago would now be looking at an investment worth $740.
Loading charts...
Returns By Period
ProShares UltraShort Real Estate (SRS) has returned -14.05% so far this year and -9.76% over the past 12 months. Over the last ten years, SRS has returned -16.52% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
ProShares UltraShort Real Estate
- 1D
- -0.27%
- 1M
- 2.82%
- YTD
- -14.05%
- 6M
- -12.14%
- 1Y
- -9.76%
- 3Y*
- -12.75%
- 5Y*
- -5.84%
- 10Y*
- -16.52%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
SRS Monthly Returns History
Based on dividend-adjusted daily data since Feb 1, 2007, SRS's average daily return is -0.07%, while the average monthly return is -1.94%.
Historically, 39% of months were positive and 61% were negative. The best month was Oct 2008 with a return of +50.0%, while the worst month was Apr 2009 at -55.6%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 10 months.
On a daily basis, SRS closed higher 46% of trading days. The best single day was Dec 1, 2008 with a return of +35.7%, while the worst single day was Nov 24, 2008 at -33.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -4.78% | -10.43% | 13.93% | -15.34% | 2.25% | 2.20% | -14.05% | ||||||
| 2025 | -3.14% | -7.43% | 4.94% | 0.56% | -1.40% | 0.25% | 0.63% | -3.46% | -0.09% | 6.63% | -3.30% | 5.27% | -1.45% |
| 2024 | 10.89% | -4.36% | -2.95% | 19.36% | -9.04% | -2.88% | -12.29% | -10.02% | -5.62% | 7.77% | -7.69% | 19.93% | -3.55% |
| 2023 | -17.80% | 13.59% | 2.62% | -1.29% | 10.16% | -9.82% | -1.83% | 7.10% | 16.78% | 5.68% | -21.32% | -15.34% | -18.78% |
| 2022 | 18.00% | 8.43% | -12.90% | 7.16% | 6.72% | 13.06% | -16.18% | 12.17% | 29.43% | -7.71% | -13.05% | 9.93% | 54.68% |
| 2021 | -0.32% | -4.78% | -11.48% | -14.31% | -3.03% | -4.74% | -9.53% | -4.16% | 11.27% | -13.02% | 3.90% | -17.61% | -52.22% |
Benchmark Metrics
ProShares UltraShort Real Estate has an annualized alpha of 6.69%, beta of -2.20, and R2 of 0.59 versus S&P 500 Index. Calculated based on daily prices since February 02, 2007.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -277.37%), but participation in market rallies was also limited (-122.51%) - a profile typical of counter-cyclical assets.
- This ETF generated an annualized alpha of 6.69% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of -2.20 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
- 6.69%
- Beta
- -2.20
- R²
- 0.59
- Upside Capture
- -122.51%
- Downside Capture
- -277.37%
Expense Ratio
SRS has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
SRS 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 UltraShort Real Estate (SRS) and compare them to S&P 500 Index.
| SRS | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.36 | 2.24 | -2.60 |
Sortino ratioReturn per unit of downside risk | -0.36 | 3.07 | -3.44 |
Omega ratioGain probability vs. loss probability | 0.96 | 1.41 | -0.45 |
Calmar ratioReturn relative to maximum drawdown | -0.48 | 2.93 | -3.41 |
Martin ratioReturn relative to average drawdown | -1.08 | 13.52 | -14.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
ProShares UltraShort Real Estate provided a 3.67% dividend yield over the last twelve months, with an annual payout of $1.55 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.55 | $1.78 | $3.15 | $2.56 | $0.22 | $0.00 | $0.19 | $2.67 | $1.16 |
Dividend yield | 3.67% | 3.61% | 6.06% | 4.49% | 0.30% | 0.00% | 0.19% | 1.80% | 0.47% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares UltraShort 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 | $0.26 | $0.00 | $0.00 | $0.00 | $0.26 | ||||||
| 2025 | $0.00 | $0.00 | $0.49 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.43 | $1.78 |
| 2024 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $0.97 | $0.00 | $0.00 | $0.79 | $0.00 | $0.00 | $0.88 | $3.15 |
| 2023 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.59 | $0.00 | $0.00 | $0.66 | $0.00 | $0.00 | $0.89 | $2.56 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.22 |
| 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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares UltraShort 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 UltraShort Real Estate was 99.96%, occurring on May 6, 2026. The portfolio has not yet recovered.
The current ProShares UltraShort Real Estate drawdown is 99.96%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -99.96%May 2026 | 17y 5mo | — | 17y 6moNov 2008 - now |
Financial crisis2007–2009 | -50.00%Sep 2008 | 8mo 1d | 20d | 8mo 21dJan 2008 - Oct 2008 |
Financial crisis2007–2009 | -44.84%Nov 2008 | 7d | 15d | 22dOct 2008 - Nov 2008 |
Financial crisis2007–2009 | -32.09%Oct 2007 | 1mo 20d | 1mo 22d | 3mo 12dAug 2007 - Nov 2007 |
Financial crisis2007–2009 | -30.28%Oct 2008 | 3d | 2d | 5dOct 2008 - Oct 2008 |
Drawdown Indicators
| SRS | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.96% | -56.78% | -43.18% |
Max Drawdown (1Y)Largest decline over 1 year | -20.53% | -9.10% | -11.43% |
Max Drawdown (3Y)Largest decline over 3 years | -51.56% | -18.90% | -32.66% |
Max Drawdown (5Y)Largest decline over 5 years | -51.56% | -25.43% | -26.13% |
Max Drawdown (10Y)Largest decline over 10 years | -85.82% | -33.92% | -51.90% |
Current DrawdownCurrent decline from peak | -99.96% | -0.74% | -99.22% |
Average DrawdownAverage peak-to-trough decline | -91.23% | -10.72% | -80.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.08% | 1.97% | +7.11% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with SRS
Add ProShares UltraShort Real Estate to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with SRS