REK vs. DHS
REK (ProShares Short Real Estate) and DHS (WisdomTree US 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 DHS is a Large Cap Value Equities fund tracking the WisdomTree U.S. High Dividend Index. Both are passively managed. Over the past 10 years, REK returned -6.27%/yr vs 9.64%/yr for DHS. At a correlation of -0.68, they often move in opposite directions. REK charges 0.95%/yr vs 0.38%/yr for DHS.
Performance
REK vs. DHS - Performance Comparison
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Returns By Period
In the year-to-date period, REK achieves a -7.89% return, which is significantly lower than DHS's 11.70% return. Over the past 10 years, REK has underperformed DHS with an annualized return of -6.27%, while DHS has yielded a comparatively higher 9.64% annualized return.
REK
- 1D
- -1.04%
- 1M
- 0.80%
- YTD
- -7.89%
- 6M
- -8.19%
- 1Y
- -4.34%
- 3Y*
- -4.78%
- 5Y*
- -0.28%
- 10Y*
- -6.27%
DHS
- 1D
- 0.55%
- 1M
- -0.98%
- YTD
- 11.70%
- 6M
- 11.36%
- 1Y
- 21.93%
- 3Y*
- 17.26%
- 5Y*
- 11.67%
- 10Y*
- 9.64%
REK vs. DHS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REK ProShares Short Real Estate | -7.89% | 2.35% | 1.42% | -6.61% | 29.17% | -30.58% | -11.33% | -20.96% | 4.61% | -9.34% |
DHS WisdomTree US High Dividend Fund | 11.70% | 12.87% | 18.02% | -0.19% | 7.97% | 23.20% | -5.70% | 22.59% | -7.41% | 11.69% |
Correlation
The correlation between REK and DHS is -0.67, 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 | -0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.66 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2010 | -0.68 |
The correlation between REK and DHS has been stable across timeframes, ranging from -0.68 to -0.66 - a consistent structural relationship.
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Return for Risk
REK vs. DHS — Risk / Return Rank
REK
DHS
REK vs. DHS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short Real Estate (REK) and WisdomTree US High Dividend Fund (DHS). 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 | DHS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.48 | ||
| Sortino ratioReturn per unit of downside risk | -3.58 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.37 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 3.50 | -3.89 |
| Martin ratioReturn relative to average drawdown | -0.89 | 12.69 | -13.58 |
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Drawdowns
REK vs. DHS - Drawdown Comparison
The maximum REK drawdown since its inception was -84.57%, which is greater than DHS's maximum drawdown of -67.25%. Use the drawdown chart below to compare losses from any high point for REK and DHS.
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Drawdown Indicators
| REK | DHS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.57% | -67.25% | -17.32% |
Max Drawdown (1Y)Largest decline over 1 year | -11.05% | -6.30% | -4.75% |
Max Drawdown (3Y)Largest decline over 3 years | -26.93% | -11.87% | -15.06% |
Max Drawdown (5Y)Largest decline over 5 years | -26.93% | -15.28% | -11.65% |
Max Drawdown (10Y)Largest decline over 10 years | -58.67% | -37.35% | -21.32% |
Current DrawdownCurrent decline from peak | -82.20% | -1.98% | -80.22% |
Average DrawdownAverage peak-to-trough decline | -64.11% | -9.53% | -54.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.90% | 1.73% | +3.17% |
Volatility
REK vs. DHS - Volatility Comparison
ProShares Short Real Estate (REK) has a higher volatility of 5.00% compared to WisdomTree US High Dividend Fund (DHS) at 3.56%. This indicates that REK's price experiences larger fluctuations and is considered to be riskier than DHS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| REK | DHS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 3.56% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 10.54% | 7.51% | +3.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.09% | 10.19% | +3.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.91% | 13.88% | +5.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.35% | 16.10% | +4.25% |
REK vs. DHS - Expense Ratio Comparison
REK has a 0.95% expense ratio, which is higher than DHS's 0.38% expense ratio.
Dividends
REK vs. DHS - Dividend Comparison
REK's dividend yield for the trailing twelve months is around 3.32%, which matches DHS's 3.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHS WisdomTree US High Dividend Fund | 3.30% | 3.32% | 3.66% | 4.31% | 3.42% | 3.29% | 4.14% | 3.69% | 3.76% | 3.00% | 3.25% | 3.53% |
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 DHS have a correlation of -0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
REK has higher volatility (5.00%) compared to DHS (3.56%). In terms of maximum drawdown, REK dropped -84.57% vs DHS's -67.25%.
On 10-year performance, DHS leads with 9.64% vs -6.27% for REK. On fees, DHS is cheaper at 0.38% per year. On volatility, DHS has been the lower-risk option at 3.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DHS has performed better with a 9.64% return vs -6.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DHS is cheaper with a 0.38% expense ratio, compared with 0.95% for REK.
REK has the higher dividend yield at 3.32%, compared with 3.30% for DHS.
REK is categorized as REIT, while DHS is Large Cap Value Equities. REK tracks DJ Global United States (All) / Real Estate -SS (-100%), while DHS tracks WisdomTree U.S. High Dividend Index. They also come from different issuers: ProShares and WisdomTree. Their fees differ too: 0.95% for REK and 0.38% for DHS.
DHS currently has the higher Sharpe Ratio (2.17 vs -0.31), 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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