REK vs. SRS
Compare and contrast key facts about ProShares Short Real Estate (REK) and ProShares UltraShort Real Estate (SRS).
REK and SRS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. REK is a passively managed fund by ProShares that tracks the performance of the DJ Global United States (All) / Real Estate -SS (-100%). It was launched on Mar 18, 2010. SRS is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Real Estate Index (-200%). It was launched on Jan 30, 2007. Both REK and SRS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: REK or SRS.
Key characteristics
| REK | SRS | |
|---|---|---|
| YTD Return | -3.31% | -12.54% |
| 1Y Return | -13.34% | -30.42% |
| 3Y Return (Ann) | 2.82% | -1.94% |
| 5Y Return (Ann) | -6.71% | -19.73% |
| 10Y Return (Ann) | -7.87% | -19.25% |
| Sharpe Ratio | -0.85 | -0.94 |
| Sortino Ratio | -1.15 | -1.32 |
| Omega Ratio | 0.87 | 0.85 |
| Calmar Ratio | -0.16 | -0.31 |
| Martin Ratio | -1.28 | -1.41 |
| Ulcer Index | 10.72% | 21.66% |
| Daily Std Dev | 16.14% | 32.62% |
| Max Drawdown | -84.57% | -99.96% |
| Current Drawdown | -82.00% | -99.95% |
Correlation
The correlation between REK and SRS is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
REK vs. SRS - Performance Comparison
In the year-to-date period, REK achieves a -3.31% return, which is significantly higher than SRS's -12.54% return. Over the past 10 years, REK has outperformed SRS with an annualized return of -7.87%, while SRS has yielded a comparatively lower -19.25% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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REK vs. SRS - Expense Ratio Comparison
Both REK and SRS have an expense ratio of 0.95%.
Risk-Adjusted Performance
REK vs. SRS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short Real Estate (REK) and ProShares UltraShort Real Estate (SRS). 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.
Dividends
REK vs. SRS - Dividend Comparison
REK's dividend yield for the trailing twelve months is around 6.54%, more than SRS's 5.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
REK ProShares Short Real Estate | 6.54% | 4.50% | 0.48% | 0.00% | 0.07% | 1.28% | 0.42% |
SRS ProShares UltraShort Real Estate | 5.74% | 2.29% | 0.08% | 0.00% | 0.19% | 1.52% | 0.47% |
Drawdowns
REK vs. SRS - Drawdown Comparison
The maximum REK drawdown since its inception was -84.57%, smaller than the maximum SRS drawdown of -99.96%. Use the drawdown chart below to compare losses from any high point for REK and SRS. For additional features, visit the drawdowns tool.
Volatility
REK vs. SRS - Volatility Comparison
The current volatility for ProShares Short Real Estate (REK) is 5.74%, while ProShares UltraShort Real Estate (SRS) has a volatility of 11.46%. This indicates that REK experiences smaller price fluctuations and is considered to be less risky than SRS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.