EMTY vs. XRT
EMTY (ProShares Decline of the Retail Store ETF) and XRT (SPDR S&P Retail ETF) are both exchange-traded funds - EMTY is a Inverse Equities fund tracking the Solactive-ProShares Bricks and Mortar Retail Store Index (-100%), while XRT is a Consumer Discretionary Equities fund tracking the S&P Retail Select Industry Index. Both are passively managed. Over the past 5 years, EMTY returned -3.08%/yr vs 0.37%/yr for XRT. Their -0.91 correlation means they have often moved in opposite directions in the past. EMTY charges 0.66%/yr vs 0.35%/yr for XRT.
Performance
EMTY vs. XRT - 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 XRT's 5.78% 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%
XRT
- 1D
- -0.88%
- 1M
- 1.95%
- 6M
- 4.50%
- YTD
- 5.78%
- 1Y
- 16.25%
- 3Y*
- 11.34%
- 5Y*
- 0.37%
- 10Y*
- 9.06%
- ALL TIME*
- 9.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $18.44K | $30.35K | $49.16K | |
| $422.92M | $379.59M | $454.03M |
EMTY vs. XRT - 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% |
XRT SPDR S&P Retail ETF | 5.78% | 8.07% | 11.78% | 21.53% | -31.64% | 42.60% | 41.91% | 14.12% | -8.04% | 13.80% |
Correlation
The correlation between EMTY and XRT is -0.86, 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. | -0.86 |
Correlation (3Y) Balances recent behavior with more history. | -0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.91 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2017 | -0.91 |
The correlation between EMTY and XRT has been stable across timeframes, ranging from -0.91 to -0.86 - a consistent structural relationship.
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Return for Risk
EMTY vs. XRT — Risk / Return Rank
EMTY
XRT
EMTY vs. XRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Decline of the Retail Store ETF (EMTY) and SPDR S&P Retail ETF (XRT). 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 | XRT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.14 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 1.14 | -1.18 |
| Martin ratioReturn relative to average drawdown | -0.09 | 2.57 | -2.66 |
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Drawdowns
EMTY vs. XRT - Drawdown Comparison
The maximum EMTY drawdown since its inception was -77.62%, which is greater than XRT's maximum drawdown of -65.81%. Use the drawdown chart below to compare losses from any high point for EMTY and XRT.
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Drawdown Indicators
| EMTY | XRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.62% | -65.81% | -11.81% |
Max Drawdown (1Y)Largest decline over 1 year | -13.91% | -13.53% | -0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -30.83% | -25.62% | -5.21% |
Max Drawdown (5Y)Largest decline over 5 years | -30.83% | -44.57% | +13.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.02% | — |
Current DrawdownCurrent decline from peak | -75.61% | -7.00% | -68.61% |
Average DrawdownAverage peak-to-trough decline | -54.65% | -14.95% | -39.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 5.97% | +0.57% |
Volatility
EMTY vs. XRT - Volatility Comparison
ProShares Decline of the Retail Store ETF (EMTY) has a higher volatility of 6.54% compared to SPDR S&P Retail ETF (XRT) at 6.04%. This indicates that EMTY's price experiences larger fluctuations and is considered to be riskier than XRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMTY | XRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.54% | 6.04% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 13.79% | 14.92% | -1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.41% | 20.84% | -2.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.46% | 26.89% | -4.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.60% | 27.20% | -1.60% |
EMTY vs. XRT - Expense Ratio Comparison
EMTY has a 0.66% expense ratio, which is higher than XRT's 0.35% expense ratio.
Dividends
EMTY vs. XRT - Dividend Comparison
EMTY's dividend yield for the trailing twelve months is around 3.33%, more than XRT's 0.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
XRT SPDR S&P Retail ETF | 0.75% | 0.77% | 1.52% | 1.40% | 2.15% | 1.55% | 1.01% | 1.57% | 1.51% | 1.52% | 1.36% | 1.30% |
Frequently Asked Questions
EMTY and XRT have a correlation of -0.86, 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 XRT (6.04%). In terms of maximum drawdown, EMTY dropped -77.62% vs XRT's -65.81%.
On 5-year performance, XRT leads with 0.37% vs -3.08% for EMTY. On fees, XRT is cheaper at 0.35% per year. On volatility, XRT has been the lower-risk option at 6.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, XRT has performed better with a 0.37% return vs -3.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XRT 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 0.75% for XRT.
EMTY is categorized as Inverse Equities, while XRT is Consumer Discretionary Equities. EMTY tracks Solactive-ProShares Bricks and Mortar Retail Store Index (-100%), while XRT tracks S&P Retail Select Industry Index. They also come from different issuers: ProShares and State Street. Their fees differ too: 0.66% for EMTY and 0.35% for XRT.
XRT currently has the higher Sharpe Ratio (0.74 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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