CSRE vs. URE

Last updated Jun 4, 2026

CSRE (Cohen & Steers Real Estate Active ETF) and URE (ProShares Ultra Real Estate) are both REIT funds. CSRE is actively managed, while URE is passively managed. Over the past year, CSRE returned 10.86% vs 8.16% for URE. Their correlation of 0.94 suggests significant overlap in exposure. CSRE charges 0.70%/yr vs 0.95%/yr for URE.

Performance

CSRE vs. URE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cohen & Steers Real Estate Active ETF (CSRE) and ProShares Ultra Real Estate (URE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSRE achieves a 9.87% return, which is significantly lower than URE's 13.97% return.

CSRE

• 1D: -0.20%
• 1M: -1.86%
• YTD: 9.87%
• 6M: 8.55%
• 1Y: 10.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

URE

• 1D: 0.12%
• 1M: -2.94%
• YTD: 13.97%
• 6M: 11.99%
• 1Y: 8.16%
• 3Y*: 8.96%
• 5Y*: -4.07%
• 10Y*: 2.80%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CSRE vs. URE - Yearly Performance Comparison

	2026 (YTD)	2025
CSRE Cohen & Steers Real Estate Active ETF	9.87%	3.27%
URE ProShares Ultra Real Estate	13.97%	-9.05%

Correlation

The correlation between CSRE and URE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (All Time) Calculated using the full available price history since Feb 6, 2025	0.94

The correlation between CSRE and URE has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

CSRE vs. URE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CSRE

CSRE Risk / Return Rank: 26
CSRE Sharpe Ratio Rank: 24
CSRE Sortino Ratio Rank: 23
CSRE Omega Ratio Rank: 24
CSRE Calmar Ratio Rank: 28
CSRE Martin Ratio Rank: 29

URE

URE Risk / Return Rank: 14
URE Sharpe Ratio Rank: 13
URE Sortino Ratio Rank: 14
URE Omega Ratio Rank: 13
URE Calmar Ratio Rank: 15
URE Martin Ratio Rank: 15

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CSRE vs. URE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Real Estate Active ETF (CSRE) and ProShares Ultra Real Estate (URE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CSRE	URE	Difference
Sharpe ratio: Return per unit of total volatility	0.84	0.31	+0.53
Sortino ratio: Return per unit of downside risk	1.20	0.58	+0.62
Omega ratio: Gain probability vs. loss probability	1.15	1.07	+0.08
Calmar ratio: Return relative to maximum drawdown	1.29	0.50	+0.80
Martin ratio: Return relative to average drawdown	4.17	1.20	+2.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CSRE vs. URE - Sharpe Ratio Comparison

The current CSRE Sharpe Ratio is 0.84, which is higher than the URE Sharpe Ratio of 0.31. The chart below compares the historical Sharpe Ratios of CSRE and URE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CSRE	URE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.84	0.31	+0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.11	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.07	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	-0.06	+0.71

Drawdowns

CSRE vs. URE - Drawdown Comparison

The maximum CSRE drawdown since its inception was -13.03%, smaller than the maximum URE drawdown of -97.16%. Use the drawdown chart below to compare losses from any high point for CSRE and URE.

Drawdown Indicators

	CSRE	URE	Difference
Max Drawdown Largest peak-to-trough decline	-13.03%	-97.16%	+84.13%
Max Drawdown (1Y) Largest decline over 1 year	-8.44%	-16.50%	+8.06%
Max Drawdown (3Y) Largest decline over 3 years	—	-33.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-63.66%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-70.49%	—
Current Drawdown Current decline from peak	-3.46%	-52.68%	+49.22%
Average Drawdown Average peak-to-trough decline	-2.29%	-64.52%	+62.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	6.83%	-4.22%

Volatility

CSRE vs. URE - Volatility Comparison

The current volatility for Cohen & Steers Real Estate Active ETF (CSRE) is 3.56%, while ProShares Ultra Real Estate (URE) has a volatility of 7.56%. This indicates that CSRE experiences smaller price fluctuations and is considered to be less risky than URE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSRE	URE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.56%	7.56%	-4.00%
Volatility (6M) Calculated over the trailing 6-month period	9.53%	19.29%	-9.76%
Volatility (1Y) Calculated over the trailing 1-year period	13.00%	26.73%	-13.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.45%	37.28%	-21.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.45%	40.53%	-25.08%

CSRE vs. URE - Expense Ratio Comparison

CSRE has a 0.70% expense ratio, which is lower than URE's 0.95% expense ratio.

Dividends

CSRE vs. URE - Dividend Comparison

CSRE's dividend yield for the trailing twelve months is around 2.30%, more than URE's 2.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSRE Cohen & Steers Real Estate Active ETF	2.30%	2.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
URE ProShares Ultra Real Estate	2.05%	2.42%	2.09%	1.32%	1.26%	0.58%	0.94%	1.10%	1.53%	0.93%	0.96%	0.81%

Frequently Asked Questions

Can I hold both CSRE and URE in my portfolio?

With a correlation of 0.92, CSRE and URE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, CSRE or URE?

URE has higher volatility (7.56%) compared to CSRE (3.56%). In terms of maximum drawdown, CSRE dropped -13.03% vs URE's -97.16%.

Which ETF is better, CSRE or URE?

On 1-year performance, CSRE leads with 10.86% vs 8.16% for URE. On fees, CSRE is cheaper at 0.70% per year. On volatility, CSRE has been the lower-risk option at 3.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CSRE or URE?

Over the 1-year period, CSRE has performed better with a 10.86% return vs 8.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CSRE or URE?

CSRE is cheaper with a 0.70% expense ratio, compared with 0.95% for URE.

Which ETF pays a higher dividend yield, CSRE or URE?

CSRE has the higher dividend yield at 2.30%, compared with 2.05% for URE.

What is the main difference between CSRE and URE?

They also come from different issuers: Cohen & Steers and ProShares. Their fees differ too: 0.70% for CSRE and 0.95% for URE.

Which has better risk-adjusted returns?

CSRE currently has the higher Sharpe Ratio (0.84 vs 0.31), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.