SRS vs. REK
Compare and contrast key facts about ProShares UltraShort Real Estate (SRS) and ProShares Short Real Estate (REK).
SRS and REK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both SRS and REK 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: SRS or REK.
Key characteristics
| SRS | REK | |
|---|---|---|
| YTD Return | -12.54% | -3.31% |
| 1Y Return | -30.42% | -13.34% |
| 3Y Return (Ann) | -1.94% | 2.82% |
| 5Y Return (Ann) | -19.73% | -6.71% |
| 10Y Return (Ann) | -19.25% | -7.87% |
| Sharpe Ratio | -0.94 | -0.85 |
| Sortino Ratio | -1.32 | -1.15 |
| Omega Ratio | 0.85 | 0.87 |
| Calmar Ratio | -0.31 | -0.16 |
| Martin Ratio | -1.41 | -1.28 |
| Ulcer Index | 21.66% | 10.72% |
| Daily Std Dev | 32.62% | 16.14% |
| Max Drawdown | -99.96% | -84.57% |
| Current Drawdown | -99.95% | -82.00% |
Correlation
The correlation between SRS and REK 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
SRS vs. REK - Performance Comparison
In the year-to-date period, SRS achieves a -12.54% return, which is significantly lower than REK's -3.31% return. Over the past 10 years, SRS has underperformed REK with an annualized return of -19.25%, while REK has yielded a comparatively higher -7.87% 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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SRS vs. REK - Expense Ratio Comparison
Both SRS and REK have an expense ratio of 0.95%.
Risk-Adjusted Performance
SRS vs. REK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Real Estate (SRS) and ProShares Short Real Estate (REK). 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
SRS vs. REK - Dividend Comparison
SRS's dividend yield for the trailing twelve months is around 5.74%, less than REK's 6.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
SRS ProShares UltraShort Real Estate | 5.74% | 2.29% | 0.08% | 0.00% | 0.19% | 1.52% | 0.47% |
REK ProShares Short Real Estate | 6.54% | 4.50% | 0.48% | 0.00% | 0.07% | 1.28% | 0.42% |
Drawdowns
SRS vs. REK - Drawdown Comparison
The maximum SRS drawdown since its inception was -99.96%, which is greater than REK's maximum drawdown of -84.57%. Use the drawdown chart below to compare losses from any high point for SRS and REK. For additional features, visit the drawdowns tool.
Volatility
SRS vs. REK - Volatility Comparison
ProShares UltraShort Real Estate (SRS) has a higher volatility of 11.46% compared to ProShares Short Real Estate (REK) at 5.74%. This indicates that SRS's price experiences larger fluctuations and is considered to be riskier than REK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.