EMTY vs. VSDA
EMTY (ProShares Decline of the Retail Store ETF) and VSDA (VictoryShares Dividend Accelerator ETF) are both exchange-traded funds - EMTY is a Inverse Equities fund tracking the Solactive-ProShares Bricks and Mortar Retail Store Index (-100%), while VSDA is a Large Cap Growth Equities fund tracking the Nasdaq Victory Dividend Accelerator Index. Both are passively managed. Over the past 5 years, EMTY returned -3.08%/yr vs 7.82%/yr for VSDA. Their -0.65 correlation means they have often moved in opposite directions in the past. EMTY charges 0.66%/yr vs 0.35%/yr for VSDA.
Performance
EMTY vs. VSDA - Performance Comparison
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Returns By Period
In the year-to-date period, EMTY achieves a -2.27% return, which is significantly lower than VSDA's 13.64% 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%
VSDA
- 1D
- -0.29%
- 1M
- 0.10%
- 6M
- 7.03%
- YTD
- 13.64%
- 1Y
- 16.75%
- 3Y*
- 10.52%
- 5Y*
- 7.82%
- 10Y*
- —
- ALL TIME*
- 11.73%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $18.44K | $30.35K | $49.16K | |
| $277.58K | $512.78K | $510.25K |
EMTY vs. VSDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMTY ProShares Decline of the Retail Store ETF | -2.27% | -1.76% | -4.13% | 0.27% | 4.32% | -37.39% | -31.92% | -8.65% | 11.16% | -15.97% |
VSDA VictoryShares Dividend Accelerator ETF | 13.64% | 6.67% | 9.40% | 8.74% | -4.42% | 21.95% | 12.72% | 31.39% | -1.40% | 6.60% |
Correlation
The correlation between EMTY and VSDA is -0.74, 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. | -0.74 |
Correlation (3Y) Balances recent behavior with more history. | -0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.72 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2017 | -0.65 |
The correlation between EMTY and VSDA has been stable across timeframes, ranging from -0.74 to -0.65 - a consistent structural relationship.
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Return for Risk
EMTY vs. VSDA — Risk / Return Rank
EMTY
VSDA
EMTY vs. VSDA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Decline of the Retail Store ETF (EMTY) and VictoryShares Dividend Accelerator ETF (VSDA). 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 | VSDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.45 | ||
| Sortino ratioReturn per unit of downside risk | -2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.24 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 1.74 | -1.78 |
| Martin ratioReturn relative to average drawdown | -0.09 | 4.37 | -4.46 |
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Drawdowns
EMTY vs. VSDA - Drawdown Comparison
The maximum EMTY drawdown since its inception was -77.62%, which is greater than VSDA's maximum drawdown of -32.12%. Use the drawdown chart below to compare losses from any high point for EMTY and VSDA.
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Drawdown Indicators
| EMTY | VSDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.62% | -32.12% | -45.50% |
Max Drawdown (1Y)Largest decline over 1 year | -13.91% | -9.44% | -4.47% |
Max Drawdown (3Y)Largest decline over 3 years | -30.83% | -15.54% | -15.29% |
Max Drawdown (5Y)Largest decline over 5 years | -30.83% | -16.14% | -14.69% |
Current DrawdownCurrent decline from peak | -75.61% | -1.97% | -73.64% |
Average DrawdownAverage peak-to-trough decline | -54.65% | -3.60% | -51.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 3.75% | +2.79% |
Volatility
EMTY vs. VSDA - Volatility Comparison
ProShares Decline of the Retail Store ETF (EMTY) has a higher volatility of 6.54% compared to VictoryShares Dividend Accelerator ETF (VSDA) at 4.48%. This indicates that EMTY's price experiences larger fluctuations and is considered to be riskier than VSDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMTY | VSDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.54% | 4.48% | +2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 13.79% | 8.95% | +4.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.41% | 11.62% | +6.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.46% | 14.13% | +8.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.60% | 16.54% | +9.06% |
EMTY vs. VSDA - Expense Ratio Comparison
EMTY has a 0.66% expense ratio, which is higher than VSDA's 0.35% expense ratio.
Dividends
EMTY vs. VSDA - Dividend Comparison
EMTY's dividend yield for the trailing twelve months is around 3.33%, more than VSDA's 2.44% 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% |
VSDA VictoryShares Dividend Accelerator ETF | 2.44% | 2.65% | 2.36% | 1.92% | 1.83% | 1.40% | 1.49% | 1.36% | 1.69% | 1.23% |
Frequently Asked Questions
EMTY and VSDA have a correlation of -0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMTY has higher volatility (6.54%) compared to VSDA (4.48%). In terms of maximum drawdown, EMTY dropped -77.62% vs VSDA's -32.12%.
On 5-year performance, VSDA leads with 7.82% vs -3.08% for EMTY. On fees, VSDA is cheaper at 0.35% per year. On volatility, VSDA has been the lower-risk option at 4.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VSDA has performed better with a 7.82% return vs -3.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VSDA is cheaper with a 0.35% expense ratio, compared with 0.66% for EMTY.
EMTY has the higher dividend yield at 3.33%, compared with 2.44% for VSDA.
EMTY is categorized as Inverse Equities, while VSDA is Large Cap Growth Equities. EMTY tracks Solactive-ProShares Bricks and Mortar Retail Store Index (-100%), while VSDA tracks Nasdaq Victory Dividend Accelerator Index. They also come from different issuers: ProShares and Crestview. Their fees differ too: 0.66% for EMTY and 0.35% for VSDA.
VSDA currently has the higher Sharpe Ratio (1.42 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.
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