REK vs. XLRE
Compare and contrast key facts about ProShares Short Real Estate (REK) and Real Estate Select Sector SPDR Fund (XLRE).
REK and XLRE 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. XLRE is a passively managed fund by State Street that tracks the performance of the Real Estate Select Sector Index. It was launched on Oct 7, 2015. Both REK and XLRE 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 XLRE.
Key characteristics
| REK | XLRE | |
|---|---|---|
| YTD Return | -3.31% | 9.75% |
| 1Y Return | -13.34% | 23.36% |
| 3Y Return (Ann) | 2.82% | -0.65% |
| 5Y Return (Ann) | -6.71% | 5.69% |
| Sharpe Ratio | -0.85 | 1.46 |
| Sortino Ratio | -1.15 | 2.05 |
| Omega Ratio | 0.87 | 1.26 |
| Calmar Ratio | -0.16 | 0.90 |
| Martin Ratio | -1.28 | 5.66 |
| Ulcer Index | 10.72% | 4.17% |
| Daily Std Dev | 16.14% | 16.22% |
| Max Drawdown | -84.57% | -38.83% |
| Current Drawdown | -82.00% | -9.04% |
Correlation
The correlation between REK and XLRE is -0.95. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
REK vs. XLRE - Performance Comparison
In the year-to-date period, REK achieves a -3.31% return, which is significantly lower than XLRE's 9.75% 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. XLRE - Expense Ratio Comparison
REK has a 0.95% expense ratio, which is higher than XLRE's 0.13% expense ratio.
Risk-Adjusted Performance
REK vs. XLRE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short Real Estate (REK) and Real Estate Select Sector SPDR Fund (XLRE). 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. XLRE - Dividend Comparison
REK's dividend yield for the trailing twelve months is around 6.54%, more than XLRE's 3.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
REK ProShares Short Real Estate | 6.54% | 4.50% | 0.48% | 0.00% | 0.07% | 1.28% | 0.42% | 0.00% | 0.00% | 0.00% |
XLRE Real Estate Select Sector SPDR Fund | 3.22% | 3.31% | 3.70% | 2.61% | 3.15% | 3.06% | 3.78% | 3.25% | 4.22% | 1.09% |
Drawdowns
REK vs. XLRE - Drawdown Comparison
The maximum REK drawdown since its inception was -84.57%, which is greater than XLRE's maximum drawdown of -38.83%. Use the drawdown chart below to compare losses from any high point for REK and XLRE. For additional features, visit the drawdowns tool.
Volatility
REK vs. XLRE - Volatility Comparison
ProShares Short Real Estate (REK) and Real Estate Select Sector SPDR Fund (XLRE) have volatilities of 5.74% and 5.62%, 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.