REK vs. NETL
REK (ProShares Short Real Estate) and NETL (NETLease Corporate Real Estate ETF) are both REIT funds - REK tracks the DJ Global United States (All) / Real Estate -SS (-100%) while NETL tracks the Fundamental Income Net Lease Real Estate Index. Both are passively managed. Over the past 5 years, REK returned -0.55%/yr vs 2.20%/yr for NETL. At a correlation of -0.85, they often move in opposite directions. REK charges 0.95%/yr vs 0.60%/yr for NETL.
Performance
REK vs. NETL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, REK achieves a -9.73% return, which is significantly lower than NETL's 14.61% 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%
NETL
- 1D
- 0.72%
- 1M
- 0.70%
- YTD
- 14.61%
- 6M
- 14.73%
- 1Y
- 12.86%
- 3Y*
- 9.82%
- 5Y*
- 2.20%
- 10Y*
- —
REK vs. NETL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
REK ProShares Short Real Estate | -9.73% | 2.35% | 1.42% | -6.61% | 29.17% | -30.58% | -11.33% | -8.85% |
NETL NETLease Corporate Real Estate ETF | 14.61% | 6.05% | -1.08% | 2.69% | -16.16% | 27.36% | -0.73% | 12.04% |
Correlation
The correlation between REK and NETL is -0.76, 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 | -0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.84 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2019 | -0.85 |
The correlation between REK and NETL has been stable across timeframes, ranging from -0.85 to -0.76 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
REK vs. NETL — Risk / Return Rank
REK
NETL
REK vs. NETL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short Real Estate (REK) and NETLease Corporate Real Estate ETF (NETL). 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 | NETL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.71 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.16 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | 1.41 | -1.81 |
| Martin ratioReturn relative to average drawdown | -0.90 | 4.43 | -5.33 |
Loading charts...
Drawdowns
REK vs. NETL - Drawdown Comparison
The maximum REK drawdown since its inception was -84.57%, which is greater than NETL's maximum drawdown of -51.48%. Use the drawdown chart below to compare losses from any high point for REK and NETL.
Loading charts...
Drawdown Indicators
| REK | NETL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.57% | -51.48% | -33.09% |
Max Drawdown (1Y)Largest decline over 1 year | -11.05% | -9.16% | -1.89% |
Max Drawdown (3Y)Largest decline over 3 years | -26.93% | -19.30% | -7.63% |
Max Drawdown (5Y)Largest decline over 5 years | -26.93% | -30.74% | +3.81% |
Max Drawdown (10Y)Largest decline over 10 years | -58.67% | — | — |
Current DrawdownCurrent decline from peak | -82.56% | -1.23% | -81.33% |
Average DrawdownAverage peak-to-trough decline | -64.12% | -11.57% | -52.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.98% | 2.92% | +2.06% |
Volatility
REK vs. NETL - Volatility Comparison
ProShares Short Real Estate (REK) and NETLease Corporate Real Estate ETF (NETL) have volatilities of 5.24% and 5.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| REK | NETL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.24% | 5.28% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 10.60% | 10.36% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.06% | 14.04% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.92% | 18.00% | +0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.35% | 25.87% | -5.52% |
REK vs. NETL - Expense Ratio Comparison
REK has a 0.95% expense ratio, which is higher than NETL's 0.60% expense ratio.
Dividends
REK vs. NETL - Dividend Comparison
REK's dividend yield for the trailing twelve months is around 3.38%, less than NETL's 4.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
NETL NETLease Corporate Real Estate ETF | 4.65% | 5.12% | 5.08% | 4.57% | 4.47% | 4.03% | 3.98% | 2.52% | 0.00% |
REK ProShares Short Real Estate | 3.38% | 3.43% | 6.22% | 4.50% | 0.48% | 0.00% | 0.07% | 1.28% | 0.43% |
Frequently Asked Questions
REK and NETL have a correlation of -0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NETL has higher volatility (5.28%) compared to REK (5.24%). In terms of maximum drawdown, REK dropped -84.57% vs NETL's -51.48%.
On 5-year performance, NETL leads with 2.20% vs -0.55% for REK. On fees, NETL is cheaper at 0.60% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, NETL has performed better with a 2.20% return vs -0.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NETL is cheaper with a 0.60% expense ratio, compared with 0.95% for REK.
NETL has the higher dividend yield at 4.65%, compared with 3.38% for REK.
REK tracks DJ Global United States (All) / Real Estate -SS (-100%), while NETL tracks Fundamental Income Net Lease Real Estate Index. They also come from different issuers: ProShares and Exchange Traded Concepts. Their fees differ too: 0.95% for REK and 0.60% for NETL.
NETL currently has the higher Sharpe Ratio (0.92 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.
Find the right allocation for REK and NETL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer