SRS vs. PFFR
SRS (ProShares UltraShort Real Estate) and PFFR (InfraCap REIT Preferred ETF) are both REIT funds - SRS tracks the Dow Jones U.S. Real Estate Index (-200%) while PFFR tracks the Indxx REIT Preferred Stock Index. Both are passively managed. Over the past 5 years, SRS returned -5.85%/yr vs 1.00%/yr for PFFR. Their -0.38 correlation means they have often moved in opposite directions in the past. SRS charges 0.95%/yr vs 0.45%/yr for PFFR.
Performance
SRS vs. PFFR - Performance Comparison
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Returns By Period
In the year-to-date period, SRS achieves a -21.34% return, which is significantly lower than PFFR's 2.79% return.
SRS
- 1D
- -0.52%
- 1M
- -2.10%
- 6M
- -19.18%
- YTD
- -21.34%
- 1Y
- -18.17%
- 3Y*
- -14.70%
- 5Y*
- -5.85%
- 10Y*
- -16.03%
- ALL TIME*
- -28.33%
PFFR
- 1D
- 0.11%
- 1M
- 0.29%
- 6M
- 1.09%
- YTD
- 2.79%
- 1Y
- 4.90%
- 3Y*
- 8.58%
- 5Y*
- 1.00%
- 10Y*
- —
- ALL TIME*
- 3.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $838.38K | $729.26K | $621.04K | |
| $366.45K | $363.36K | $364.08K |
SRS vs. PFFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SRS ProShares UltraShort Real Estate | -21.34% | -1.45% | -3.55% | -18.78% | 54.68% | -52.22% | -33.05% | -38.97% | 6.01% | -17.29% |
PFFR InfraCap REIT Preferred ETF | 2.79% | 5.36% | 7.12% | 21.04% | -23.90% | 6.76% | 0.19% | 20.28% | -7.45% | 7.82% |
Correlation
The correlation between SRS and PFFR is -0.28, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.28 |
Correlation (3Y) Balances recent behavior with more history. | -0.34 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.38 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2017 | -0.38 |
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Return for Risk
SRS vs. PFFR — Risk / Return Rank
SRS
PFFR
SRS vs. PFFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Real Estate (SRS) 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.
| SRS | PFFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.72 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.11 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 0.75 | -1.46 |
| Martin ratioReturn relative to average drawdown | -1.46 | 1.68 | -3.14 |
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Drawdowns
SRS vs. PFFR - Drawdown Comparison
The maximum SRS drawdown since its inception was -99.96%, which is greater than PFFR's maximum drawdown of -53.02%. Use the drawdown chart below to compare losses from any high point for SRS and PFFR.
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Drawdown Indicators
| SRS | PFFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.96% | -53.02% | -46.94% |
Max Drawdown (1Y)Largest decline over 1 year | -25.73% | -6.57% | -19.16% |
Max Drawdown (3Y)Largest decline over 3 years | -54.73% | -11.16% | -43.57% |
Max Drawdown (5Y)Largest decline over 5 years | -54.73% | -29.80% | -24.93% |
Max Drawdown (10Y)Largest decline over 10 years | -86.75% | — | — |
Current DrawdownCurrent decline from peak | -99.96% | -1.14% | -98.82% |
Average DrawdownAverage peak-to-trough decline | -91.28% | -6.91% | -84.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.47% | 2.91% | +9.56% |
Volatility
SRS vs. PFFR - Volatility Comparison
ProShares UltraShort Real Estate (SRS) has a higher volatility of 8.59% compared to InfraCap REIT Preferred ETF (PFFR) at 2.10%. This indicates that SRS'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
| SRS | PFFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.59% | 2.10% | +6.49% |
Volatility (6M)Calculated over the trailing 6-month period | 22.18% | 6.25% | +15.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.32% | 8.10% | +20.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.81% | 10.54% | +27.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.81% | 20.38% | +20.43% |
SRS vs. PFFR - Expense Ratio Comparison
SRS has a 0.95% expense ratio, which is higher than PFFR's 0.45% expense ratio.
Dividends
SRS vs. PFFR - Dividend Comparison
SRS's dividend yield for the trailing twelve months is around 3.67%, less than PFFR's 8.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
PFFR InfraCap REIT Preferred ETF | 8.28% | 7.99% | 7.78% | 7.72% | 8.60% | 6.08% | 6.11% | 5.77% | 6.48% | 6.59% |
SRS ProShares UltraShort Real Estate | 3.67% | 3.61% | 6.06% | 4.49% | 0.30% | 0.00% | 0.19% | 1.80% | 0.47% | 0.00% |
Frequently Asked Questions
SRS and PFFR have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SRS has higher volatility (8.59%) compared to PFFR (2.10%). In terms of maximum drawdown, SRS dropped -99.96% vs PFFR's -53.02%.
On 5-year performance, PFFR leads with 1.00% vs -5.85% for SRS. On fees, PFFR is cheaper at 0.45% per year. On volatility, PFFR has been the lower-risk option at 2.10%. 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 1.00% return vs -5.85%. 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 SRS.
PFFR has the higher dividend yield at 8.28%, compared with 3.67% for SRS.
SRS tracks Dow Jones U.S. Real Estate Index (-200%), while PFFR tracks Indxx REIT Preferred Stock Index. They also come from different issuers: ProShares and Virtus. Their fees differ too: 0.95% for SRS and 0.45% for PFFR.
PFFR currently has the higher Sharpe Ratio (0.61 vs -0.65), 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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