REK vs. CDC
REK (ProShares Short Real Estate) and CDC (VictoryShares US EQ Income Enhanced Volatility Wtd ETF) are both exchange-traded funds - REK is a REIT fund tracking the DJ Global United States (All) / Real Estate -SS (-100%), while CDC is a Large Cap Value Equities fund tracking the Nasdaq Victory U.S. Large Cap High Dividend 100 Long/Cash Volatility Weighted Index. Both are passively managed. Over the past 10 years, REK returned -5.95%/yr vs 10.34%/yr for CDC. At a correlation of -0.63, they often move in opposite directions. REK charges 0.95%/yr vs 0.37%/yr for CDC.
Performance
REK vs. CDC - Performance Comparison
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Returns By Period
In the year-to-date period, REK achieves a -10.66% return, which is significantly lower than CDC's 18.49% return. Over the past 10 years, REK has underperformed CDC with an annualized return of -5.95%, while CDC has yielded a comparatively higher 10.34% annualized return.
REK
- 1D
- -1.96%
- 1M
- -1.41%
- 6M
- -7.93%
- YTD
- -10.66%
- 1Y
- -6.85%
- 3Y*
- -3.67%
- 5Y*
- -0.24%
- 10Y*
- -5.95%
CDC
- 1D
- 1.77%
- 1M
- 3.68%
- 6M
- 13.97%
- YTD
- 18.49%
- 1Y
- 23.40%
- 3Y*
- 14.05%
- 5Y*
- 7.22%
- 10Y*
- 10.34%
REK vs. CDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REK ProShares Short Real Estate | -10.66% | 2.35% | 1.42% | -6.61% | 29.17% | -30.58% | -11.33% | -20.96% | 4.61% | -9.34% |
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF | 18.49% | 8.96% | 14.48% | -4.99% | -7.86% | 33.05% | 12.88% | 19.64% | -5.97% | 15.77% |
Correlation
The correlation between REK and CDC is -0.74, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.63 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2014 | -0.63 |
The correlation between REK and CDC shifts across timeframes, from -0.74 (1 year) to -0.63 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
REK vs. CDC — Risk / Return Rank
REK
CDC
REK vs. CDC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short Real Estate (REK) and VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC). 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.
| REK | CDC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.79 | ||
| Sortino ratioReturn per unit of downside risk | -4.02 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.39 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | 4.15 | -4.74 |
| Martin ratioReturn relative to average drawdown | -1.24 | 14.58 | -15.82 |
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Drawdowns
REK vs. CDC - Drawdown Comparison
The maximum REK drawdown since its inception was -84.57%, which is greater than CDC's maximum drawdown of -21.37%. Use the drawdown chart below to compare losses from any high point for REK and CDC.
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Drawdown Indicators
| REK | CDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.57% | -21.37% | -63.20% |
Max Drawdown (1Y)Largest decline over 1 year | -11.67% | -5.67% | -6.00% |
Max Drawdown (3Y)Largest decline over 3 years | -26.93% | -12.70% | -14.23% |
Max Drawdown (5Y)Largest decline over 5 years | -26.93% | -21.37% | -5.56% |
Max Drawdown (10Y)Largest decline over 10 years | -58.67% | -21.37% | -37.30% |
Current DrawdownCurrent decline from peak | -82.74% | 0.00% | -82.74% |
Average DrawdownAverage peak-to-trough decline | -64.19% | -5.07% | -59.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.52% | 1.61% | +3.91% |
Volatility
REK vs. CDC - Volatility Comparison
ProShares Short Real Estate (REK) has a higher volatility of 5.55% compared to VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) at 4.11%. This indicates that REK's price experiences larger fluctuations and is considered to be riskier than CDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| REK | CDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 4.11% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 11.28% | 7.61% | +3.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.39% | 10.20% | +4.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.98% | 12.56% | +6.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.36% | 13.20% | +7.16% |
REK vs. CDC - Expense Ratio Comparison
REK has a 0.95% expense ratio, which is higher than CDC's 0.37% expense ratio.
Dividends
REK vs. CDC - Dividend Comparison
REK's dividend yield for the trailing twelve months is around 3.32%, more than CDC's 3.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDC VictoryShares US EQ Income Enhanced Volatility Wtd ETF | 3.03% | 3.36% | 3.32% | 4.24% | 3.48% | 2.65% | 2.48% | 3.04% | 3.37% | 2.81% | 2.99% | 3.17% |
REK ProShares Short Real Estate | 3.32% | 3.43% | 6.22% | 4.50% | 0.48% | 0.00% | 0.07% | 1.28% | 0.43% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
REK and CDC 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.
REK has higher volatility (5.55%) compared to CDC (4.11%). In terms of maximum drawdown, REK dropped -84.57% vs CDC's -21.37%.
On 10-year performance, CDC leads with 10.34% vs -5.95% for REK. On fees, CDC is cheaper at 0.37% per year. On volatility, CDC has been the lower-risk option at 4.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, CDC has performed better with a 10.34% return vs -5.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CDC is cheaper with a 0.37% expense ratio, compared with 0.95% for REK.
REK has the higher dividend yield at 3.32%, compared with 3.03% for CDC.
REK is categorized as REIT, while CDC is Large Cap Value Equities. REK tracks DJ Global United States (All) / Real Estate -SS (-100%), while CDC tracks Nasdaq Victory U.S. Large Cap High Dividend 100 Long/Cash Volatility Weighted Index. They also come from different issuers: ProShares and Crestview. Their fees differ too: 0.95% for REK and 0.37% for CDC.
CDC currently has the higher Sharpe Ratio (2.31 vs -0.48), 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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