REK vs. IFGL
REK (ProShares Short Real Estate) and IFGL (iShares International Developed Real Estate ETF) are both REIT funds - REK tracks the DJ Global United States (All) / Real Estate -SS (-100%) while IFGL tracks the FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index. Both are passively managed. Over the past 10 years, REK returned -5.95%/yr vs 1.60%/yr for IFGL. At a correlation of -0.58, they often move in opposite directions. REK charges 0.95%/yr vs 0.48%/yr for IFGL.
Performance
REK vs. IFGL - 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 IFGL's 0.17% return. Over the past 10 years, REK has underperformed IFGL with an annualized return of -5.95%, while IFGL has yielded a comparatively higher 1.60% 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%
IFGL
- 1D
- -0.34%
- 1M
- 0.60%
- 6M
- -2.62%
- YTD
- 0.17%
- 1Y
- 6.43%
- 3Y*
- 7.03%
- 5Y*
- -2.08%
- 10Y*
- 1.60%
REK vs. IFGL - 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% |
IFGL iShares International Developed Real Estate ETF | 0.17% | 24.31% | -7.25% | 5.40% | -24.21% | 8.29% | -7.62% | 20.65% | -6.39% | 20.00% |
Correlation
The correlation between REK and IFGL is -0.48, 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 | -0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.57 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2010 | -0.58 |
The correlation between REK and IFGL shifts across timeframes, from -0.61 (5 years) to -0.48 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
REK vs. IFGL — Risk / Return Rank
REK
IFGL
REK vs. IFGL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short Real Estate (REK) and iShares International Developed Real Estate ETF (IFGL). 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 | IFGL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.09 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | 0.45 | -1.04 |
| Martin ratioReturn relative to average drawdown | -1.24 | 1.09 | -2.33 |
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Drawdowns
REK vs. IFGL - Drawdown Comparison
The maximum REK drawdown since its inception was -84.57%, which is greater than IFGL's maximum drawdown of -68.93%. Use the drawdown chart below to compare losses from any high point for REK and IFGL.
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Drawdown Indicators
| REK | IFGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.57% | -68.93% | -15.64% |
Max Drawdown (1Y)Largest decline over 1 year | -11.67% | -14.38% | +2.71% |
Max Drawdown (3Y)Largest decline over 3 years | -26.93% | -18.77% | -8.16% |
Max Drawdown (5Y)Largest decline over 5 years | -26.93% | -38.00% | +11.07% |
Max Drawdown (10Y)Largest decline over 10 years | -58.67% | -40.38% | -18.29% |
Current DrawdownCurrent decline from peak | -82.74% | -12.89% | -69.85% |
Average DrawdownAverage peak-to-trough decline | -64.19% | -17.30% | -46.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.52% | 5.91% | -0.39% |
Volatility
REK vs. IFGL - Volatility Comparison
ProShares Short Real Estate (REK) has a higher volatility of 5.55% compared to iShares International Developed Real Estate ETF (IFGL) at 3.68%. This indicates that REK's price experiences larger fluctuations and is considered to be riskier than IFGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| REK | IFGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 3.68% | +1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 11.28% | 12.13% | -0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.39% | 14.02% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.98% | 16.39% | +2.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.36% | 16.40% | +3.96% |
REK vs. IFGL - Expense Ratio Comparison
REK has a 0.95% expense ratio, which is higher than IFGL's 0.48% expense ratio.
Dividends
REK vs. IFGL - Dividend Comparison
REK's dividend yield for the trailing twelve months is around 3.32%, less than IFGL's 4.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IFGL iShares International Developed Real Estate ETF | 4.10% | 3.71% | 4.83% | 1.82% | 2.79% | 3.25% | 2.17% | 7.60% | 4.10% | 4.90% | 7.68% | 3.70% |
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 IFGL have a correlation of -0.48, 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 IFGL (3.68%). In terms of maximum drawdown, REK dropped -84.57% vs IFGL's -68.93%.
On 10-year performance, IFGL leads with 1.60% vs -5.95% for REK. On fees, IFGL is cheaper at 0.48% per year. On volatility, IFGL has been the lower-risk option at 3.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IFGL has performed better with a 1.60% return vs -5.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IFGL is cheaper with a 0.48% expense ratio, compared with 0.95% for REK.
IFGL has the higher dividend yield at 4.10%, compared with 3.32% for REK.
REK tracks DJ Global United States (All) / Real Estate -SS (-100%), while IFGL tracks FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.95% for REK and 0.48% for IFGL.
IFGL currently has the higher Sharpe Ratio (0.46 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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