SRS vs. INKM
SRS (ProShares UltraShort Real Estate) and INKM (SPDR SSgA Income Allocation ETF) are both exchange-traded funds - SRS is a REIT fund tracking the Dow Jones U.S. Real Estate Index (-200%), while INKM is a Global Equities fund actively managed by State Street. SRS is passively managed, while INKM is actively managed. Over the past 10 years, SRS returned -16.94%/yr vs 5.71%/yr for INKM. At a correlation of -0.71, they often move in opposite directions. SRS charges 0.95%/yr vs 0.50%/yr for INKM.
Performance
SRS vs. INKM - 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 INKM's 5.98% return. Over the past 10 years, SRS has underperformed INKM with an annualized return of -16.94%, while INKM has yielded a comparatively higher 5.71% 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%
INKM
- 1D
- 0.13%
- 1M
- 0.52%
- YTD
- 5.98%
- 6M
- 5.58%
- 1Y
- 11.86%
- 3Y*
- 10.13%
- 5Y*
- 4.05%
- 10Y*
- 5.71%
SRS vs. INKM - 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% |
INKM SPDR SSgA Income Allocation ETF | 5.98% | 11.86% | 5.70% | 10.26% | -12.58% | 8.52% | 3.11% | 17.12% | -5.32% | 13.95% |
Correlation
The correlation between SRS and INKM is -0.65, 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 | -0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.72 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2012 | -0.71 |
The correlation between SRS and INKM has been stable across timeframes, ranging from -0.75 to -0.65 - a consistent structural relationship.
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Return for Risk
SRS vs. INKM — Risk / Return Rank
SRS
INKM
SRS vs. INKM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Real Estate (SRS) and SPDR SSgA Income Allocation ETF (INKM). 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 | INKM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.38 | ||
| Sortino ratioReturn per unit of downside risk | -3.23 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.37 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 2.62 | -3.15 |
| Martin ratioReturn relative to average drawdown | -1.17 | 10.26 | -11.43 |
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Drawdowns
SRS vs. INKM - Drawdown Comparison
The maximum SRS drawdown since its inception was -99.96%, which is greater than INKM's maximum drawdown of -28.58%. Use the drawdown chart below to compare losses from any high point for SRS and INKM.
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Drawdown Indicators
| SRS | INKM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.96% | -28.58% | -71.38% |
Max Drawdown (1Y)Largest decline over 1 year | -22.21% | -4.55% | -17.66% |
Max Drawdown (3Y)Largest decline over 3 years | -52.58% | -9.25% | -43.33% |
Max Drawdown (5Y)Largest decline over 5 years | -52.58% | -19.18% | -33.40% |
Max Drawdown (10Y)Largest decline over 10 years | -86.12% | -28.58% | -57.54% |
Current DrawdownCurrent decline from peak | -99.96% | -0.62% | -99.34% |
Average DrawdownAverage peak-to-trough decline | -91.23% | -3.68% | -87.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.23% | 1.16% | +9.07% |
Volatility
SRS vs. INKM - Volatility Comparison
ProShares UltraShort Real Estate (SRS) has a higher volatility of 10.69% compared to SPDR SSgA Income Allocation ETF (INKM) at 1.83%. This indicates that SRS's price experiences larger fluctuations and is considered to be riskier than INKM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SRS | INKM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.69% | 1.83% | +8.86% |
Volatility (6M)Calculated over the trailing 6-month period | 21.28% | 4.78% | +16.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.37% | 6.10% | +22.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.73% | 8.32% | +29.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.77% | 9.76% | +31.01% |
SRS vs. INKM - Expense Ratio Comparison
SRS has a 0.95% expense ratio, which is higher than INKM's 0.50% expense ratio.
Dividends
SRS vs. INKM - Dividend Comparison
SRS's dividend yield for the trailing twelve months is around 3.92%, less than INKM's 4.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INKM SPDR SSgA Income Allocation ETF | 4.84% | 5.82% | 4.83% | 4.56% | 5.03% | 3.74% | 3.88% | 4.38% | 4.08% | 3.10% | 3.39% | 3.45% |
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 INKM have a correlation of -0.65, 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 INKM (1.83%). In terms of maximum drawdown, SRS dropped -99.96% vs INKM's -28.58%.
On 10-year performance, INKM leads with 5.71% vs -16.94% for SRS. On fees, INKM is cheaper at 0.50% per year. On volatility, INKM has been the lower-risk option at 1.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, INKM has performed better with a 5.71% return vs -16.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
INKM is cheaper with a 0.50% expense ratio, compared with 0.95% for SRS.
INKM has the higher dividend yield at 4.84%, compared with 3.92% for SRS.
SRS is categorized as REIT, while INKM is Global Equities. They also come from different issuers: ProShares and State Street. Their fees differ too: 0.95% for SRS and 0.50% for INKM.
INKM currently has the higher Sharpe Ratio (1.96 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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