SRS vs. IFGL
SRS (ProShares UltraShort Real Estate) and IFGL (iShares International Developed Real Estate ETF) are both REIT funds - SRS tracks the Dow Jones U.S. Real Estate Index (-200%) while IFGL tracks the FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index. Both are passively managed. Over the past 10 years, SRS returned -16.94%/yr vs 1.88%/yr for IFGL. At a correlation of -0.60, they often move in opposite directions. SRS charges 0.95%/yr vs 0.48%/yr for IFGL.
Performance
SRS vs. IFGL - Performance Comparison
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Returns By Period
In the year-to-date period, SRS achieves a -19.64% return, which is significantly lower than IFGL's -2.59% return. Over the past 10 years, SRS has underperformed IFGL with an annualized return of -16.94%, while IFGL has yielded a comparatively higher 1.88% annualized return.
SRS
- 1D
- -0.10%
- 1M
- -1.96%
- YTD
- -19.64%
- 6M
- -19.15%
- 1Y
- -11.91%
- 3Y*
- -15.72%
- 5Y*
- -6.69%
- 10Y*
- -16.94%
IFGL
- 1D
- 1.12%
- 1M
- -2.35%
- YTD
- -2.59%
- 6M
- -2.53%
- 1Y
- 2.52%
- 3Y*
- 8.32%
- 5Y*
- -2.69%
- 10Y*
- 1.88%
SRS vs. IFGL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SRS ProShares UltraShort Real Estate | -19.64% | -1.45% | -3.55% | -18.78% | 54.68% | -52.22% | -33.05% | -38.97% | 6.01% | -18.03% |
IFGL iShares International Developed Real Estate ETF | -2.59% | 24.31% | -7.25% | 5.40% | -24.21% | 8.29% | -7.62% | 20.65% | -6.39% | 20.00% |
Correlation
The correlation between SRS and IFGL is -0.50, 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 | -0.50 |
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 Dec 27, 2007 | -0.60 |
The correlation between SRS and IFGL shifts across timeframes, from -0.61 (5 years) to -0.50 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SRS vs. IFGL — Risk / Return Rank
SRS
IFGL
SRS vs. IFGL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Real Estate (SRS) 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.
| SRS | IFGL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.04 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 0.18 | -0.71 |
| Martin ratioReturn relative to average drawdown | -1.17 | 0.47 | -1.64 |
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Drawdowns
SRS vs. IFGL - Drawdown Comparison
The maximum SRS drawdown since its inception was -99.96%, which is greater than IFGL's maximum drawdown of -68.93%. Use the drawdown chart below to compare losses from any high point for SRS and IFGL.
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Drawdown Indicators
| SRS | IFGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.96% | -68.93% | -31.03% |
Max Drawdown (1Y)Largest decline over 1 year | -22.21% | -14.38% | -7.83% |
Max Drawdown (3Y)Largest decline over 3 years | -52.58% | -18.77% | -33.81% |
Max Drawdown (5Y)Largest decline over 5 years | -52.58% | -38.00% | -14.58% |
Max Drawdown (10Y)Largest decline over 10 years | -86.12% | -40.38% | -45.74% |
Current DrawdownCurrent decline from peak | -99.96% | -15.30% | -84.66% |
Average DrawdownAverage peak-to-trough decline | -91.23% | -17.31% | -73.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.23% | 5.38% | +4.85% |
Volatility
SRS vs. IFGL - Volatility Comparison
ProShares UltraShort Real Estate (SRS) has a higher volatility of 10.69% compared to iShares International Developed Real Estate ETF (IFGL) at 4.37%. This indicates that SRS'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
| SRS | IFGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.69% | 4.37% | +6.32% |
Volatility (6M)Calculated over the trailing 6-month period | 21.28% | 11.94% | +9.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.37% | 13.95% | +14.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.73% | 16.39% | +21.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.77% | 16.45% | +24.32% |
SRS vs. IFGL - Expense Ratio Comparison
SRS has a 0.95% expense ratio, which is higher than IFGL's 0.48% expense ratio.
Dividends
SRS vs. IFGL - Dividend Comparison
SRS's dividend yield for the trailing twelve months is around 3.92%, less than IFGL's 4.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IFGL iShares International Developed Real Estate ETF | 4.22% | 3.71% | 4.83% | 1.82% | 2.79% | 3.25% | 2.17% | 7.60% | 4.10% | 4.90% | 7.68% | 3.70% |
SRS ProShares UltraShort Real Estate | 3.92% | 3.61% | 6.06% | 4.49% | 0.30% | 0.00% | 0.19% | 1.80% | 0.47% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SRS and IFGL have a correlation of -0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SRS has higher volatility (10.69%) compared to IFGL (4.37%). In terms of maximum drawdown, SRS dropped -99.96% vs IFGL's -68.93%.
On 10-year performance, IFGL leads with 1.88% vs -16.94% for SRS. On fees, IFGL is cheaper at 0.48% per year. On volatility, IFGL has been the lower-risk option at 4.37%. 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 1.88% return vs -16.94%. 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 SRS.
IFGL has the higher dividend yield at 4.22%, compared with 3.92% for SRS.
SRS tracks Dow Jones U.S. Real Estate Index (-200%), 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 SRS and 0.48% for IFGL.
IFGL currently has the higher Sharpe Ratio (0.18 vs -0.42), 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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