IRET vs. URE

Last updated Jun 24, 2026

IRET (iREIT MarketVector Quality REIT Index ETF) and URE (ProShares Ultra Real Estate) are both REIT funds - IRET tracks the iREIT MarketVector Quality REIT Index while URE tracks the Dow Jones U.S. Real Estate Index (200%). Both are passively managed. Their correlation of 0.87 suggests significant overlap in exposure. IRET charges 0.60%/yr vs 0.95%/yr for URE.

Performance

IRET vs. URE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iREIT MarketVector Quality REIT Index ETF (IRET) and ProShares Ultra Real Estate (URE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IRET

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

URE

• 1D: 2.89%
• 1M: 1.25%
• YTD: 21.30%
• 6M: 22.37%
• 1Y: 11.16%
• 3Y*: 12.71%
• 5Y*: -2.86%
• 10Y*: 3.29%

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

IRET vs. URE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IRET iREIT MarketVector Quality REIT Index ETF	14.33%	-0.94%	2.95%
URE ProShares Ultra Real Estate	21.30%	-3.65%	5.04%

Correlation

The correlation between IRET and URE is 0.80, 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	0.80
Correlation (All Time) Calculated using the full available price history since Mar 6, 2024	0.87

The correlation between IRET and URE has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.

Return for Risk

IRET vs. URE — Risk / Return Rank

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

IRET

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

URE

URE Risk / Return Rank: 16
URE Sharpe Ratio Rank: 15
URE Sortino Ratio Rank: 15
URE Omega Ratio Rank: 15
URE Calmar Ratio Rank: 17
URE Martin Ratio Rank: 17

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.

IRET vs. URE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iREIT MarketVector Quality REIT Index ETF (IRET) 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.

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.

	IRET	URE	Difference
Sharpe ratio: Return per unit of total volatility	—	0.40	—
Sortino ratio: Return per unit of downside risk	—	0.71	—
Omega ratio: Gain probability vs. loss probability	—	1.09	—
Calmar ratio: Return relative to maximum drawdown	—	0.68	—
Martin ratio: Return relative to average drawdown	—	1.63	—

Drawdowns

Drawdown Indicators

	IRET	URE	Difference
Max Drawdown Largest peak-to-trough decline	—	-97.16%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-16.50%	—
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	—	-49.63%	—
Average Drawdown Average peak-to-trough decline	—	-64.47%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.86%	—

Volatility

Volatility by Period

	IRET	URE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.65%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.26%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	28.21%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	37.44%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	40.64%	—

IRET vs. URE - Expense Ratio Comparison

IRET has a 0.60% expense ratio, which is lower than URE's 0.95% expense ratio.

Dividends

IRET vs. URE - Dividend Comparison

IRET's dividend yield for the trailing twelve months is around 3.79%, more than URE's 1.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IRET iREIT MarketVector Quality REIT Index ETF	3.79%	5.14%	3.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
URE ProShares Ultra Real Estate	1.93%	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 IRET and URE in my portfolio?

IRET and URE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IRET or URE?

On fees, IRET is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IRET or URE?

IRET is cheaper with a 0.60% expense ratio, compared with 0.95% for URE.

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

IRET has the higher dividend yield at 3.79%, compared with 1.93% for URE.

What is the main difference between IRET and URE?

IRET tracks iREIT MarketVector Quality REIT Index, while URE tracks Dow Jones U.S. Real Estate Index (200%). They also come from different issuers: iREIT and ProShares. Their fees differ too: 0.60% for IRET and 0.95% for URE.