SRS vs. VNQ
Compare and contrast key facts about ProShares UltraShort Real Estate (SRS) and Vanguard Real Estate ETF (VNQ).
SRS and VNQ 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. VNQ is a passively managed fund by Vanguard that tracks the performance of the MSCI US REIT Index. It was launched on Sep 23, 2004. Both SRS and VNQ 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 VNQ.
Key characteristics
| SRS | VNQ | |
|---|---|---|
| YTD Return | -12.54% | 9.25% |
| 1Y Return | -30.42% | 23.16% |
| 3Y Return (Ann) | -1.94% | -1.51% |
| 5Y Return (Ann) | -19.73% | 4.12% |
| 10Y Return (Ann) | -19.25% | 5.94% |
| Sharpe Ratio | -0.94 | 1.45 |
| Sortino Ratio | -1.32 | 2.05 |
| Omega Ratio | 0.85 | 1.26 |
| Calmar Ratio | -0.31 | 0.87 |
| Martin Ratio | -1.41 | 5.25 |
| Ulcer Index | 21.66% | 4.48% |
| Daily Std Dev | 32.62% | 16.22% |
| Max Drawdown | -99.96% | -73.07% |
| Current Drawdown | -99.95% | -9.88% |
Correlation
The correlation between SRS and VNQ is -0.99. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
SRS vs. VNQ - Performance Comparison
In the year-to-date period, SRS achieves a -12.54% return, which is significantly lower than VNQ's 9.25% return. Over the past 10 years, SRS has underperformed VNQ with an annualized return of -19.25%, while VNQ has yielded a comparatively higher 5.94% 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. VNQ - Expense Ratio Comparison
SRS has a 0.95% expense ratio, which is higher than VNQ's 0.12% expense ratio.
Risk-Adjusted Performance
SRS vs. VNQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Real Estate (SRS) and Vanguard Real Estate ETF (VNQ). 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. VNQ - Dividend Comparison
SRS's dividend yield for the trailing twelve months is around 5.74%, more than VNQ's 3.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SRS ProShares UltraShort Real Estate | 5.74% | 2.29% | 0.08% | 0.00% | 0.19% | 1.52% | 0.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VNQ Vanguard Real Estate ETF | 3.89% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% | 3.60% | 4.32% |
Drawdowns
SRS vs. VNQ - Drawdown Comparison
The maximum SRS drawdown since its inception was -99.96%, which is greater than VNQ's maximum drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for SRS and VNQ. For additional features, visit the drawdowns tool.
Volatility
SRS vs. VNQ - Volatility Comparison
ProShares UltraShort Real Estate (SRS) has a higher volatility of 11.46% compared to Vanguard Real Estate ETF (VNQ) at 5.15%. This indicates that SRS's price experiences larger fluctuations and is considered to be riskier than VNQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.