SRS vs. WTRE
SRS (ProShares UltraShort Real Estate) and WTRE (WisdomTree New Economy Real Estate ETF) are both REIT funds - SRS tracks the Dow Jones U.S. Real Estate Index (-200%) while WTRE tracks the CenterSquare New Economy Real Estate Index. Both are passively managed. Over the past 10 years, SRS returned -16.03%/yr vs 2.55%/yr for WTRE. Their -0.63 correlation means they have often moved in opposite directions in the past. SRS charges 0.95%/yr vs 0.58%/yr for WTRE.
Performance
SRS vs. WTRE - 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 WTRE's 15.62% return. Over the past 10 years, SRS has underperformed WTRE with an annualized return of -16.03%, while WTRE has yielded a comparatively higher 2.55% annualized 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%
WTRE
- 1D
- 1.59%
- 1M
- 0.80%
- 6M
- 7.82%
- YTD
- 15.62%
- 1Y
- 31.06%
- 3Y*
- 15.56%
- 5Y*
- 0.88%
- 10Y*
- 2.55%
- ALL TIME*
- 1.10%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $366.45K | $363.36K | $364.08K | |
| $56.46K | $46.37K | $72.82K |
SRS vs. WTRE - 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% | -18.03% |
WTRE WisdomTree New Economy Real Estate ETF | 15.62% | 26.36% | -3.27% | 14.07% | -31.68% | 1.00% | -15.74% | 22.28% | -11.21% | 37.80% |
Correlation
The correlation between SRS and WTRE is -0.37, 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. | -0.37 |
Correlation (3Y) Balances recent behavior with more history. | -0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.75 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.63 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2007 | -0.63 |
Over the past year, the inverse relationship between SRS and WTRE has weakened: their correlation has moved from -0.63 to -0.37, meaning they move in opposite directions less often than they have historically.
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Return for Risk
SRS vs. WTRE — Risk / Return Rank
SRS
WTRE
SRS vs. WTRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Real Estate (SRS) and WisdomTree New Economy Real Estate ETF (WTRE). 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 | WTRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.15 | ||
| Sortino ratioReturn per unit of downside risk | -2.90 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.25 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 2.19 | -2.90 |
| Martin ratioReturn relative to average drawdown | -1.46 | 5.16 | -6.62 |
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Drawdowns
SRS vs. WTRE - Drawdown Comparison
The maximum SRS drawdown since its inception was -99.96%, which is greater than WTRE's maximum drawdown of -74.18%. Use the drawdown chart below to compare losses from any high point for SRS and WTRE.
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Drawdown Indicators
| SRS | WTRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.96% | -74.18% | -25.78% |
Max Drawdown (1Y)Largest decline over 1 year | -25.73% | -14.22% | -11.51% |
Max Drawdown (3Y)Largest decline over 3 years | -54.73% | -22.14% | -32.59% |
Max Drawdown (5Y)Largest decline over 5 years | -54.73% | -42.52% | -12.21% |
Max Drawdown (10Y)Largest decline over 10 years | -86.75% | -48.47% | -38.28% |
Current DrawdownCurrent decline from peak | -99.96% | -8.78% | -91.18% |
Average DrawdownAverage peak-to-trough decline | -91.28% | -24.83% | -66.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.47% | 6.04% | +6.43% |
Volatility
SRS vs. WTRE - Volatility Comparison
ProShares UltraShort Real Estate (SRS) has a higher volatility of 8.59% compared to WisdomTree New Economy Real Estate ETF (WTRE) at 5.51%. This indicates that SRS's price experiences larger fluctuations and is considered to be riskier than WTRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SRS | WTRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.59% | 5.51% | +3.08% |
Volatility (6M)Calculated over the trailing 6-month period | 22.18% | 15.98% | +6.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.32% | 20.78% | +7.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.81% | 19.54% | +18.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.81% | 18.46% | +22.35% |
SRS vs. WTRE - Expense Ratio Comparison
SRS has a 0.95% expense ratio, which is higher than WTRE's 0.58% expense ratio.
Dividends
SRS vs. WTRE - Dividend Comparison
SRS's dividend yield for the trailing twelve months is around 3.67%, more than WTRE's 2.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
WTRE WisdomTree New Economy Real Estate ETF | 2.32% | 2.33% | 2.69% | 2.05% | 1.68% | 6.47% | 2.96% | 7.88% | 4.49% | 6.34% | 5.96% | 4.58% |
Frequently Asked Questions
SRS and WTRE have a correlation of -0.37, 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 WTRE (5.51%). In terms of maximum drawdown, SRS dropped -99.96% vs WTRE's -74.18%.
On 10-year performance, WTRE leads with 2.55% vs -16.03% for SRS. On fees, WTRE is cheaper at 0.58% per year. On volatility, WTRE has been the lower-risk option at 5.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, WTRE has performed better with a 2.55% return vs -16.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WTRE is cheaper with a 0.58% expense ratio, compared with 0.95% for SRS.
SRS has the higher dividend yield at 3.67%, compared with 2.32% for WTRE.
SRS tracks Dow Jones U.S. Real Estate Index (-200%), while WTRE tracks CenterSquare New Economy Real Estate Index. They also come from different issuers: ProShares and WisdomTree. Their fees differ too: 0.95% for SRS and 0.58% for WTRE.
WTRE currently has the higher Sharpe Ratio (1.50 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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