ProShares - Decline of the Retail Store ETF
$24.64+0.04 (+0.16%)
- Expense ratio
- 0.65%
- Fund size
- $3M
- 1Y return
- +7.5%
- Yield · Last 12 months
- 3.19%
- Holdings
- 6
- Volume · 30D
- 0M sh
- NAV per share
- $25.03
- 52W range
The ETF.net EMTY Grade
Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 100Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.AScore 79Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 38Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 32Category rank
Our read on EMTY
CA short bet with a storyline. EMTY moves inverse to a basket of bricks-and-mortar retailers and resets daily. In a bear-fund crowd built on stock indexes, currencies and volatility, it is the one aimed at a single real-world theme.
The fund seeks capital appreciation from declines in bricks-and-mortar retailers by taking short exposure to the Solactive-ProShares Bricks and Mortar Retail Store Index, targeting approximately the inverse of the index’s daily performance.
Why people hold it
- Thematic, not index. The best-known names in its bear cohort short the Nasdaq (PSQ), the euro (EUO), the yen (YCS) or volatility (SVXY). This one points at physical retail stores.
- The fee is 0.65% a year, well under the typical charge in its inverse-fund cohort and under every fund at the top of that group.
- Running since 2017, so the mechanics have been through years of live retail news cycles rather than a backtest.
Worth knowing
- Daily reset. Hold past a day and the result can drift from the simple inverse of the index over that stretch, most of all in choppy, back-and-forth markets.
- Small and thinly traded. Spreads can widen, the trade price can sit away from net asset value, and funds with a modest asset base get closed or merged more often than large ones.
- One idea, one corner of the market. There is no diversification cushion here. The fortunes of bricks-and-mortar retailers drive the whole thing.
EMTY Holdings
- Stocks
- 6
- 100%
- Net Other Assets (Liabilities)
EMTY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | EMTY |
|---|---|
| Year to date | +2.1% |
| 1 month | +3.9% |
| 3 months | +1.3% |
| 1 year | +7.5% |
| 3 years | −6.3% |
| 5 years | −2.0% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | EMTY |
|---|---|---|
| 2026 YTD | +2.1% | |
| 2025 | −1.8% | |
| 2024 | −4.1% | |
| 2023 | +0.2% | |
| 2022 | +4.3% | |
| 2021 | −37.4% | |
| 2020 | −31.9% |
EMTY in the news
ETF.net Research hasn’t filed on EMTY yet — coverage lands here as it’s written.
EMTY Dividends
- 3.19%
- $0.78
- $0.16 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 24, 2026 | Jun 30, 2026 | $0.16 |
| Mar 25, 2026 | Mar 31, 2026 | $0.14 |
| Dec 24, 2025 | Dec 31, 2025 | $0.25 |
| Sep 24, 2025 | Sep 30, 2025 | $0.23 |
| Jun 25, 2025 | Jul 1, 2025 | $0.23 |
| Mar 26, 2025 | Apr 1, 2025 | $0.23 |
| Dec 23, 2024 | Dec 31, 2024 | $0.52 |
| Sep 25, 2024 | Oct 2, 2024 | $0.39 |
| Jun 26, 2024 | Jul 3, 2024 | $0.31 |
| Mar 20, 2024 | Mar 27, 2024 | $0.33 |
| Dec 20, 2023 | Dec 28, 2023 | $0.47 |
| Sep 20, 2023 | Sep 27, 2023 | $0.30 |
EMTY Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 19.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.37
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −30.8%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- −0.87
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
EMTY Cost
- The middle half of Leveraged Inverse (2x & Other) funds
- Median 1.44%
No Leveraged Inverse (2x & Other) fund charges less.