REK vs. DEW
REK (ProShares Short Real Estate) and DEW (WisdomTree Global High Dividend Fund) are both exchange-traded funds - REK is a REIT fund tracking the DJ Global United States (All) / Real Estate -SS (-100%), while DEW is a Large Cap Value Equities fund tracking the WisdomTree Global High Dividend Index. Both are passively managed. Over the past 10 years, REK returned -6.46%/yr vs 9.68%/yr for DEW. At a correlation of -0.62, they often move in opposite directions. REK charges 0.95%/yr vs 0.58%/yr for DEW.
Performance
REK vs. DEW - Performance Comparison
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Returns By Period
In the year-to-date period, REK achieves a -9.73% return, which is significantly lower than DEW's 12.63% return. Over the past 10 years, REK has underperformed DEW with an annualized return of -6.46%, while DEW has yielded a comparatively higher 9.68% annualized return.
REK
- 1D
- -0.55%
- 1M
- -1.21%
- YTD
- -9.73%
- 6M
- -9.36%
- 1Y
- -4.46%
- 3Y*
- -5.42%
- 5Y*
- -0.55%
- 10Y*
- -6.46%
DEW
- 1D
- -0.30%
- 1M
- -0.37%
- YTD
- 12.63%
- 6M
- 12.02%
- 1Y
- 24.38%
- 3Y*
- 19.15%
- 5Y*
- 11.40%
- 10Y*
- 9.68%
REK vs. DEW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REK ProShares Short Real Estate | -9.73% | 2.35% | 1.42% | -6.61% | 29.17% | -30.58% | -11.33% | -20.96% | 4.61% | -9.34% |
DEW WisdomTree Global High Dividend Fund | 12.63% | 22.39% | 11.58% | 9.39% | -2.73% | 21.29% | -7.32% | 20.45% | -10.58% | 15.38% |
Correlation
The correlation between REK and DEW is -0.69, 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 | -0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.64 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2010 | -0.62 |
The correlation between REK and DEW has been stable across timeframes, ranging from -0.71 to -0.62 - a consistent structural relationship.
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Return for Risk
REK vs. DEW — Risk / Return Rank
REK
DEW
REK vs. DEW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short Real Estate (REK) and WisdomTree Global High Dividend Fund (DEW). 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 | DEW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.83 | ||
| Sortino ratioReturn per unit of downside risk | -3.90 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.44 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | 3.86 | -4.27 |
| Martin ratioReturn relative to average drawdown | -0.90 | 15.10 | -16.00 |
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Drawdowns
REK vs. DEW - Drawdown Comparison
The maximum REK drawdown since its inception was -84.57%, which is greater than DEW's maximum drawdown of -65.55%. Use the drawdown chart below to compare losses from any high point for REK and DEW.
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Drawdown Indicators
| REK | DEW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.57% | -65.55% | -19.02% |
Max Drawdown (1Y)Largest decline over 1 year | -11.05% | -6.34% | -4.71% |
Max Drawdown (3Y)Largest decline over 3 years | -26.93% | -11.80% | -15.13% |
Max Drawdown (5Y)Largest decline over 5 years | -26.93% | -18.86% | -8.07% |
Max Drawdown (10Y)Largest decline over 10 years | -58.67% | -38.77% | -19.90% |
Current DrawdownCurrent decline from peak | -82.56% | -1.41% | -81.15% |
Average DrawdownAverage peak-to-trough decline | -64.12% | -12.40% | -51.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.98% | 1.62% | +3.36% |
Volatility
REK vs. DEW - Volatility Comparison
ProShares Short Real Estate (REK) has a higher volatility of 5.24% compared to WisdomTree Global High Dividend Fund (DEW) at 2.78%. This indicates that REK's price experiences larger fluctuations and is considered to be riskier than DEW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| REK | DEW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.24% | 2.78% | +2.46% |
Volatility (6M)Calculated over the trailing 6-month period | 10.60% | 7.36% | +3.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.06% | 9.75% | +4.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.92% | 12.98% | +5.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.35% | 15.41% | +4.94% |
REK vs. DEW - Expense Ratio Comparison
REK has a 0.95% expense ratio, which is higher than DEW's 0.58% expense ratio.
Dividends
REK vs. DEW - Dividend Comparison
REK's dividend yield for the trailing twelve months is around 3.38%, more than DEW's 3.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEW WisdomTree Global High Dividend Fund | 3.19% | 3.71% | 4.02% | 4.55% | 3.82% | 3.55% | 4.10% | 3.74% | 4.17% | 3.18% | 3.42% | 4.32% |
REK ProShares Short Real Estate | 3.38% | 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 DEW have a correlation of -0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
REK has higher volatility (5.24%) compared to DEW (2.78%). In terms of maximum drawdown, REK dropped -84.57% vs DEW's -65.55%.
On 10-year performance, DEW leads with 9.68% vs -6.46% for REK. On fees, DEW is cheaper at 0.58% per year. On volatility, DEW has been the lower-risk option at 2.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DEW has performed better with a 9.68% return vs -6.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DEW is cheaper with a 0.58% expense ratio, compared with 0.95% for REK.
REK has the higher dividend yield at 3.38%, compared with 3.19% for DEW.
REK is categorized as REIT, while DEW is Large Cap Value Equities. REK tracks DJ Global United States (All) / Real Estate -SS (-100%), while DEW tracks WisdomTree Global High Dividend Index. They also come from different issuers: ProShares and WisdomTree. Their fees differ too: 0.95% for REK and 0.58% for DEW.
DEW currently has the higher Sharpe Ratio (2.52 vs -0.32), 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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