URE vs. VNQ
Compare and contrast key facts about ProShares Ultra Real Estate (URE) and Vanguard Real Estate ETF (VNQ).
URE and VNQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. URE 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 URE 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: URE or VNQ.
Key characteristics
| URE | VNQ | |
|---|---|---|
| YTD Return | -19.79% | -9.10% |
| 1Y Return | -6.36% | 2.15% |
| 3Y Return (Ann) | -14.20% | -3.53% |
| 5Y Return (Ann) | -6.79% | 1.82% |
| 10Y Return (Ann) | 2.96% | 4.97% |
| Sharpe Ratio | -0.26 | 0.02 |
| Daily Std Dev | 36.35% | 18.85% |
| Max Drawdown | -97.16% | -73.07% |
| Current Drawdown | -65.46% | -25.02% |
Correlation
The correlation between URE and VNQ is 0.98, 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
URE vs. VNQ - Performance Comparison
In the year-to-date period, URE achieves a -19.79% return, which is significantly lower than VNQ's -9.10% return. Over the past 10 years, URE has underperformed VNQ with an annualized return of 2.96%, while VNQ has yielded a comparatively higher 4.97% 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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URE vs. VNQ - Expense Ratio Comparison
URE has a 0.95% expense ratio, which is higher than VNQ's 0.12% expense ratio.
Risk-Adjusted Performance
URE vs. VNQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Real Estate (URE) 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
URE vs. VNQ - Dividend Comparison
URE's dividend yield for the trailing twelve months is around 1.73%, less than VNQ's 4.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
URE ProShares Ultra Real Estate | 1.73% | 1.32% | 1.26% | 0.58% | 0.94% | 1.10% | 1.53% | 0.93% | 0.96% | 0.81% | 1.24% | 1.13% |
VNQ Vanguard Real Estate ETF | 4.34% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% | 3.60% | 4.32% |
Drawdowns
URE vs. VNQ - Drawdown Comparison
The maximum URE drawdown since its inception was -97.16%, which is greater than VNQ's maximum drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for URE and VNQ. For additional features, visit the drawdowns tool.
Volatility
URE vs. VNQ - Volatility Comparison
ProShares Ultra Real Estate (URE) has a higher volatility of 11.61% compared to Vanguard Real Estate ETF (VNQ) at 5.91%. This indicates that URE'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.