EMTY vs. SNPD

Last updated Aug 2, 2026

EMTY (ProShares Decline of the Retail Store ETF) and SNPD (Xtrackers S&P ESG Dividend Aristocrats ETF) are both exchange-traded funds - EMTY is a Inverse Equities fund tracking the Solactive-ProShares Bricks and Mortar Retail Store Index (-100%), while SNPD is a Mid Cap Value Equities fund tracking the S&P ESG High Yield Dividend Aristocrats Index. Both are passively managed. Over the past 3 years, EMTY returned -3.37%/yr vs 8.64%/yr for SNPD. Their -0.73 correlation means they have often moved in opposite directions in the past. EMTY charges 0.66%/yr vs 0.15%/yr for SNPD.

Performance

EMTY vs. SNPD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Decline of the Retail Store ETF (EMTY) and Xtrackers S&P ESG Dividend Aristocrats ETF (SNPD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMTY achieves a -2.27% return, which is significantly lower than SNPD's 15.04% return.

EMTY

• 1D: 0.53%
• 1M: -0.72%
• 6M: 2.65%
• YTD: -2.27%
• 1Y: -0.27%
• 3Y*: -3.37%
• 5Y*: -3.08%
• 10Y*: —
• ALL TIME*: -11.36%

SNPD

• 1D: -0.56%
• 1M: 0.85%
• 6M: 7.73%
• YTD: 15.04%
• 1Y: 20.01%
• 3Y*: 8.64%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.91%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EMTY ProShares Decline of the Retail Store ETF	$18.44K	$30.35K	$49.16K
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF	$14.25K	$34.67K	$29.79K

EMTY vs. SNPD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
EMTY ProShares Decline of the Retail Store ETF	-2.27%	-1.76%	-4.13%	0.27%	-1.97%
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF	15.04%	6.66%	5.41%	2.68%	3.49%

Correlation

The correlation between EMTY and SNPD is -0.71, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.71
Correlation (3Y) Balances recent behavior with more history.	-0.71
Correlation (All Time) Calculated using the full available price history since Nov 9, 2022	-0.73

The correlation between EMTY and SNPD has been stable across timeframes, ranging from -0.73 to -0.71 - a consistent structural relationship.

Return for Risk

EMTY vs. SNPD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EMTY

EMTY Risk / Return Rank: 10
EMTY Sharpe Ratio Rank: 10
EMTY Sortino Ratio Rank: 10
EMTY Omega Ratio Rank: 10
EMTY Calmar Ratio Rank: 10
EMTY Martin Ratio Rank: 10

SNPD

SNPD Risk / Return Rank: 70
SNPD Sharpe Ratio Rank: 76
SNPD Sortino Ratio Rank: 79
SNPD Omega Ratio Rank: 70
SNPD Calmar Ratio Rank: 65
SNPD Martin Ratio Rank: 57

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EMTY vs. SNPD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Decline of the Retail Store ETF (EMTY) and Xtrackers S&P ESG Dividend Aristocrats ETF (SNPD). 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.

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	SNPD	Difference
Sharpe ratio: Return per unit of total volatility	-0.03	1.72	-1.75
Sortino ratio: Return per unit of downside risk	0.08	2.58	-2.49
Omega ratio: Gain probability vs. loss probability	1.01	1.29	-0.28
Calmar ratio: Return relative to maximum drawdown	-0.04	2.27	-2.32
Martin ratio: Return relative to average drawdown	-0.09	6.79	-6.88

EMTY vs. SNPD - Sharpe Ratio Comparison

The current EMTY Sharpe Ratio is -0.03, which is lower than the SNPD Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of EMTY and SNPD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EMTY vs. SNPD - Drawdown Comparison

The maximum EMTY drawdown since its inception was -77.62%, which is greater than SNPD's maximum drawdown of -15.80%. Use the drawdown chart below to compare losses from any high point for EMTY and SNPD.

Drawdown Indicators

	EMTY	SNPD	Difference
Max Drawdown Largest peak-to-trough decline	-77.62%	-15.80%	-61.82%
Max Drawdown (1Y) Largest decline over 1 year	-13.91%	-8.68%	-5.23%
Max Drawdown (3Y) Largest decline over 3 years	-30.83%	-15.80%	-15.03%
Max Drawdown (5Y) Largest decline over 5 years	-30.83%	—	—
Current Drawdown Current decline from peak	-75.61%	-2.65%	-72.96%
Average Drawdown Average peak-to-trough decline	-54.65%	-3.81%	-50.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.54%	2.90%	+3.64%

Volatility

EMTY vs. SNPD - Volatility Comparison

ProShares Decline of the Retail Store ETF (EMTY) has a higher volatility of 6.54% compared to Xtrackers S&P ESG Dividend Aristocrats ETF (SNPD) at 4.52%. This indicates that EMTY's price experiences larger fluctuations and is considered to be riskier than SNPD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMTY	SNPD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.54%	4.52%	+2.02%
Volatility (6M) Calculated over the trailing 6-month period	13.79%	8.86%	+4.93%
Volatility (1Y) Calculated over the trailing 1-year period	18.41%	11.50%	+6.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.46%	13.15%	+9.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.60%	13.15%	+12.45%

EMTY vs. SNPD - Expense Ratio Comparison

EMTY has a 0.66% expense ratio, which is higher than SNPD's 0.15% expense ratio.

Dividends

EMTY vs. SNPD - Dividend Comparison

EMTY's dividend yield for the trailing twelve months is around 3.33%, more than SNPD's 3.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EMTY ProShares Decline of the Retail Store ETF	3.33%	3.83%	6.00%	4.41%	0.65%	0.00%	0.07%	0.82%	0.62%	0.03%
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF	3.16%	3.10%	2.78%	2.63%	0.57%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EMTY and SNPD in my portfolio?

EMTY and SNPD have a correlation of -0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EMTY or SNPD?

EMTY has higher volatility (6.54%) compared to SNPD (4.52%). In terms of maximum drawdown, EMTY dropped -77.62% vs SNPD's -15.80%.

Which ETF is better, EMTY or SNPD?

On 3-year performance, SNPD leads with 8.64% vs -3.37% for EMTY. On fees, SNPD is cheaper at 0.15% per year. On volatility, SNPD has been the lower-risk option at 4.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EMTY or SNPD?

Over the 3-year period, SNPD has performed better with a 8.64% return vs -3.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EMTY or SNPD?

SNPD is cheaper with a 0.15% expense ratio, compared with 0.66% for EMTY.

Which ETF pays a higher dividend yield, EMTY or SNPD?

EMTY has the higher dividend yield at 3.33%, compared with 3.16% for SNPD.

What is the main difference between EMTY and SNPD?

EMTY is categorized as Inverse Equities, while SNPD is Mid Cap Value Equities. EMTY tracks Solactive-ProShares Bricks and Mortar Retail Store Index (-100%), while SNPD tracks S&P ESG High Yield Dividend Aristocrats Index. They also come from different issuers: ProShares and Xtrackers. Their fees differ too: 0.66% for EMTY and 0.15% for SNPD.

Which has better risk-adjusted returns?

SNPD currently has the higher Sharpe Ratio (1.72 vs -0.03), 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.