VPN vs. URE
VPN (Global X Data Center REITs & Digital Infrastructure ETF) and URE (ProShares Ultra Real Estate) are both REIT funds - VPN tracks the Solactive Data Center REITs & Digital Infrastructure Index while URE tracks the Dow Jones U.S. Real Estate Index (200%). Both are passively managed. Over the past 5 years, VPN returned 11.28%/yr vs -3.92%/yr for URE. Their 0.62 correlation means they have sometimes moved together and sometimes differently. VPN charges 0.50%/yr vs 0.95%/yr for URE.
Performance
VPN vs. URE - Performance Comparison
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Returns By Period
In the year-to-date period, VPN achieves a 32.24% return, which is significantly higher than URE's 23.35% return.
VPN
- 1D
- 1.31%
- 1M
- -2.32%
- 6M
- 13.84%
- YTD
- 32.24%
- 1Y
- 49.85%
- 3Y*
- 29.05%
- 5Y*
- 11.28%
- 10Y*
- —
- ALL TIME*
- 13.44%
URE
- 1D
- 0.70%
- 1M
- 1.91%
- 6M
- 20.58%
- YTD
- 23.35%
- 1Y
- 18.25%
- 3Y*
- 11.31%
- 5Y*
- -3.92%
- 10Y*
- 2.23%
- ALL TIME*
- -3.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $611.02K | $406.79K | $255.52K | |
| $22.31M | $27.23M | $44.18M |
VPN vs. URE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VPN Global X Data Center REITs & Digital Infrastructure ETF | 32.24% | 28.99% | 14.92% | 18.93% | -30.89% | 20.35% | 6.60% |
URE ProShares Ultra Real Estate | 23.35% | -3.65% | 0.35% | 11.58% | -49.64% | 88.24% | 24.08% |
Correlation
The correlation between VPN and URE is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (3Y) Balances recent behavior with more history. | 0.50 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2020 | 0.62 |
Over the past year, the correlation between VPN and URE has dropped to 0.22 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
VPN vs. URE — Risk / Return Rank
VPN
URE
VPN vs. URE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Data Center REITs & Digital Infrastructure ETF (VPN) and ProShares Ultra Real Estate (URE). 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.
| VPN | URE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.37 | ||
| Sortino ratioReturn per unit of downside risk | +1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.13 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 1.11 | +1.69 |
| Martin ratioReturn relative to average drawdown | 8.79 | 3.05 | +5.75 |
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Drawdowns
VPN vs. URE - Drawdown Comparison
The maximum VPN drawdown since its inception was -38.98%, smaller than the maximum URE drawdown of -97.16%. Use the drawdown chart below to compare losses from any high point for VPN and URE.
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Drawdown Indicators
| VPN | URE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.98% | -97.16% | +58.18% |
Max Drawdown (1Y)Largest decline over 1 year | -17.88% | -16.50% | -1.38% |
Max Drawdown (3Y)Largest decline over 3 years | -24.96% | -33.77% | +8.81% |
Max Drawdown (5Y)Largest decline over 5 years | -38.98% | -63.66% | +24.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.49% | — |
Current DrawdownCurrent decline from peak | -14.04% | -48.78% | +34.74% |
Average DrawdownAverage peak-to-trough decline | -12.26% | -64.38% | +52.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.68% | 6.01% | -0.33% |
Volatility
VPN vs. URE - Volatility Comparison
Global X Data Center REITs & Digital Infrastructure ETF (VPN) and ProShares Ultra Real Estate (URE) have volatilities of 8.26% and 8.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VPN | URE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.26% | 8.67% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 19.62% | 22.10% | -2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.76% | 28.02% | -3.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.51% | 37.52% | -15.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.25% | 40.68% | -18.43% |
VPN vs. URE - Expense Ratio Comparison
VPN has a 0.50% expense ratio, which is lower than URE's 0.95% expense ratio.
Dividends
VPN vs. URE - Dividend Comparison
VPN's dividend yield for the trailing twelve months is around 0.89%, less than URE's 1.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
URE ProShares Ultra Real Estate | 1.98% | 2.42% | 2.09% | 1.32% | 1.26% | 0.58% | 0.94% | 1.10% | 1.53% | 0.93% | 0.96% | 0.81% |
VPN Global X Data Center REITs & Digital Infrastructure ETF | 0.89% | 1.10% | 1.72% | 1.18% | 2.57% | 1.27% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VPN and URE have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
URE has higher volatility (8.67%) compared to VPN (8.26%). In terms of maximum drawdown, VPN dropped -38.98% vs URE's -97.16%.
On 5-year performance, VPN leads with 11.28% vs -3.92% for URE. On fees, VPN is cheaper at 0.50% per year. On volatility, VPN has been the lower-risk option at 8.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VPN has performed better with a 11.28% return vs -3.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VPN is cheaper with a 0.50% expense ratio, compared with 0.95% for URE.
URE has the higher dividend yield at 1.98%, compared with 0.89% for VPN.
VPN tracks Solactive Data Center REITs & Digital Infrastructure Index, while URE tracks Dow Jones U.S. Real Estate Index (200%). They also come from different issuers: Global X and ProShares. Their fees differ too: 0.50% for VPN and 0.95% for URE.
VPN currently has the higher Sharpe Ratio (2.03 vs 0.66), 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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