REK vs. PFFR
REK (ProShares Short Real Estate) and PFFR (InfraCap REIT Preferred ETF) are both exchange-traded funds - REK is a REIT fund tracking the DJ Global United States (All) / Real Estate -SS (-100%), while PFFR is a Preferred Stock/Convertible Bonds fund tracking the Indxx REIT Preferred Stock Index. Both are passively managed. Over the past 5 years, REK returned -0.24%/yr vs 1.10%/yr for PFFR. At a correlation of -0.38, they often move in opposite directions. REK charges 0.95%/yr vs 0.45%/yr for PFFR.
Performance
REK vs. PFFR - 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 PFFR's 2.78% 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%
PFFR
- 1D
- 0.00%
- 1M
- 0.81%
- 6M
- 1.48%
- YTD
- 2.78%
- 1Y
- 5.52%
- 3Y*
- 8.75%
- 5Y*
- 1.10%
- 10Y*
- —
REK vs. PFFR - 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% | -8.92% |
PFFR InfraCap REIT Preferred ETF | 2.78% | 5.36% | 7.12% | 21.04% | -23.90% | 6.76% | 0.19% | 20.28% | -7.45% | 7.82% |
Correlation
The correlation between REK and PFFR is -0.23, 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 | -0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.38 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2017 | -0.38 |
The correlation between REK and PFFR shifts across timeframes, from -0.38 (5 years) to -0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
REK vs. PFFR — Risk / Return Rank
REK
PFFR
REK vs. PFFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short Real Estate (REK) and InfraCap REIT Preferred ETF (PFFR). 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 | PFFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.64 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.13 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | 0.84 | -1.43 |
| Martin ratioReturn relative to average drawdown | -1.24 | 1.91 | -3.15 |
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Drawdowns
REK vs. PFFR - Drawdown Comparison
The maximum REK drawdown since its inception was -84.57%, which is greater than PFFR's maximum drawdown of -53.02%. Use the drawdown chart below to compare losses from any high point for REK and PFFR.
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Drawdown Indicators
| REK | PFFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.57% | -53.02% | -31.55% |
Max Drawdown (1Y)Largest decline over 1 year | -11.67% | -6.57% | -5.10% |
Max Drawdown (3Y)Largest decline over 3 years | -26.93% | -11.16% | -15.77% |
Max Drawdown (5Y)Largest decline over 5 years | -26.93% | -29.80% | +2.87% |
Max Drawdown (10Y)Largest decline over 10 years | -58.67% | — | — |
Current DrawdownCurrent decline from peak | -82.74% | -1.15% | -81.59% |
Average DrawdownAverage peak-to-trough decline | -64.19% | -6.93% | -57.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.52% | 2.90% | +2.62% |
Volatility
REK vs. PFFR - Volatility Comparison
ProShares Short Real Estate (REK) has a higher volatility of 5.55% compared to InfraCap REIT Preferred ETF (PFFR) at 2.21%. This indicates that REK's price experiences larger fluctuations and is considered to be riskier than PFFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| REK | PFFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 2.21% | +3.34% |
Volatility (6M)Calculated over the trailing 6-month period | 11.28% | 6.19% | +5.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.39% | 7.99% | +6.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.98% | 10.52% | +8.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.36% | 20.42% | -0.06% |
REK vs. PFFR - Expense Ratio Comparison
REK has a 0.95% expense ratio, which is higher than PFFR's 0.45% expense ratio.
Dividends
REK vs. PFFR - Dividend Comparison
REK's dividend yield for the trailing twelve months is around 3.32%, less than PFFR's 8.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
PFFR InfraCap REIT Preferred ETF | 8.20% | 7.99% | 7.78% | 7.72% | 8.60% | 6.08% | 6.11% | 5.77% | 6.48% | 6.59% |
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% |
Frequently Asked Questions
REK and PFFR have a correlation of -0.23, 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 PFFR (2.21%). In terms of maximum drawdown, REK dropped -84.57% vs PFFR's -53.02%.
On 5-year performance, PFFR leads with 1.10% vs -0.24% for REK. On fees, PFFR is cheaper at 0.45% per year. On volatility, PFFR has been the lower-risk option at 2.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PFFR has performed better with a 1.10% return vs -0.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PFFR is cheaper with a 0.45% expense ratio, compared with 0.95% for REK.
PFFR has the higher dividend yield at 8.20%, compared with 3.32% for REK.
REK is categorized as REIT, while PFFR is Preferred Stock/Convertible Bonds. REK tracks DJ Global United States (All) / Real Estate -SS (-100%), while PFFR tracks Indxx REIT Preferred Stock Index. They also come from different issuers: ProShares and Virtus Investment Partners. Their fees differ too: 0.95% for REK and 0.45% for PFFR.
PFFR currently has the higher Sharpe Ratio (0.70 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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