SRS vs. SRVR
SRS (ProShares UltraShort Real Estate) and SRVR (Pacer Data & Infrastructure Real Estate ETF) are both REIT funds - SRS tracks the Dow Jones U.S. Real Estate Index (-200%) while SRVR tracks the FTSE Nareit All Equity REITs Index. Both are passively managed. Over the past 5 years, SRS returned -5.57%/yr vs -3.37%/yr for SRVR. At a correlation of -0.81, they often move in opposite directions. SRS charges 0.95%/yr vs 0.49%/yr for SRVR.
Performance
SRS vs. SRVR - Performance Comparison
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Returns By Period
In the year-to-date period, SRS achieves a -19.00% return, which is significantly lower than SRVR's 8.77% return.
SRS
- 1D
- 0.77%
- 1M
- 2.10%
- 6M
- -16.79%
- YTD
- -19.00%
- 1Y
- -13.31%
- 3Y*
- -11.13%
- 5Y*
- -5.57%
- 10Y*
- -15.86%
SRVR
- 1D
- -0.36%
- 1M
- -8.32%
- 6M
- 3.46%
- YTD
- 8.77%
- 1Y
- -1.52%
- 3Y*
- 3.75%
- 5Y*
- -3.37%
- 10Y*
- —
SRS vs. SRVR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SRS ProShares UltraShort Real Estate | -19.00% | -1.45% | -3.55% | -18.78% | 54.68% | -52.22% | -33.05% | -38.97% | -3.77% |
SRVR Pacer Data & Infrastructure Real Estate ETF | 8.77% | -1.99% | 2.70% | 6.84% | -31.90% | 22.31% | 11.99% | 41.98% | -3.66% |
Correlation
The correlation between SRS and SRVR is -0.59, 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 | -0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.83 |
Correlation (All Time) Calculated using the full available price history since May 16, 2018 | -0.81 |
Over the past year, the inverse relationship between SRS and SRVR has weakened: their correlation has moved from -0.81 to -0.59, meaning they move in opposite directions less often than they have historically.
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Return for Risk
SRS vs. SRVR — Risk / Return Rank
SRS
SRVR
SRS vs. SRVR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Real Estate (SRS) and Pacer Data & Infrastructure Real Estate ETF (SRVR). 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 | SRVR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.00 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | -0.10 | -0.47 |
| Martin ratioReturn relative to average drawdown | -1.19 | -0.20 | -0.99 |
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Drawdowns
SRS vs. SRVR - Drawdown Comparison
The maximum SRS drawdown since its inception was -99.96%, which is greater than SRVR's maximum drawdown of -40.99%. Use the drawdown chart below to compare losses from any high point for SRS and SRVR.
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Drawdown Indicators
| SRS | SRVR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.96% | -40.99% | -58.97% |
Max Drawdown (1Y)Largest decline over 1 year | -23.22% | -14.78% | -8.44% |
Max Drawdown (3Y)Largest decline over 3 years | -53.19% | -18.34% | -34.85% |
Max Drawdown (5Y)Largest decline over 5 years | -53.19% | -40.99% | -12.20% |
Max Drawdown (10Y)Largest decline over 10 years | -86.30% | — | — |
Current DrawdownCurrent decline from peak | -99.96% | -20.35% | -79.61% |
Average DrawdownAverage peak-to-trough decline | -91.26% | -15.27% | -75.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.22% | 7.45% | +3.77% |
Volatility
SRS vs. SRVR - Volatility Comparison
ProShares UltraShort Real Estate (SRS) has a higher volatility of 10.31% compared to Pacer Data & Infrastructure Real Estate ETF (SRVR) at 4.15%. This indicates that SRS's price experiences larger fluctuations and is considered to be riskier than SRVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SRS | SRVR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.31% | 4.15% | +6.16% |
Volatility (6M)Calculated over the trailing 6-month period | 22.20% | 13.95% | +8.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.73% | 17.24% | +11.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.81% | 19.84% | +17.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.79% | 21.41% | +19.38% |
SRS vs. SRVR - Expense Ratio Comparison
SRS has a 0.95% expense ratio, which is higher than SRVR's 0.49% expense ratio.
Dividends
SRS vs. SRVR - Dividend Comparison
SRS's dividend yield for the trailing twelve months is around 3.56%, more than SRVR's 2.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SRS ProShares UltraShort Real Estate | 3.56% | 3.61% | 6.06% | 4.49% | 0.30% | 0.00% | 0.19% | 1.80% | 0.47% |
SRVR Pacer Data & Infrastructure Real Estate ETF | 2.81% | 2.67% | 2.00% | 3.69% | 1.70% | 1.19% | 1.59% | 1.61% | 2.13% |
Frequently Asked Questions
SRS and SRVR have a correlation of -0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SRS has higher volatility (10.31%) compared to SRVR (4.15%). In terms of maximum drawdown, SRS dropped -99.96% vs SRVR's -40.99%.
On 5-year performance, SRVR leads with -3.37% vs -5.57% for SRS. On fees, SRVR is cheaper at 0.49% per year. On volatility, SRVR has been the lower-risk option at 4.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SRVR has performed better with a -3.37% return vs -5.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SRVR is cheaper with a 0.49% expense ratio, compared with 0.95% for SRS.
SRS has the higher dividend yield at 3.56%, compared with 2.81% for SRVR.
SRS tracks Dow Jones U.S. Real Estate Index (-200%), while SRVR tracks FTSE Nareit All Equity REITs Index. They also come from different issuers: ProShares and Pacer. Their fees differ too: 0.95% for SRS and 0.49% for SRVR.
SRVR currently has the higher Sharpe Ratio (-0.09 vs -0.47), 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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