ProShares - Decline of the Retail Store ETF
CThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$24.04−0.11 (−0.46%)
- 0.65%
- $3M
- +2.2%
- 3.02%
- 0M sh
- $24.14
- low $21.78high $26.02
The ETF.net EMTY Grade
C
Score 40 out of 100
- 31 of 54
Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Very small fund, grade capped at C.
The cap holds the Score at 40 or below, so B and A are out of reach.
- The pillars earned
- 74
- This cap took
- −34
- Published Score
- 40
Cost
The fund’s net expense ratio, ranked against its category.A100 out of 100Rank 1 of 54Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A77 out of 100Rank 7 of 53Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D31 out of 100Rank 42 of 54Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D35 out of 100Rank 47 of 54
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
- 1
- 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.
Not enough history yet.
EMTY$10,219
Returns run to the Oct 12, 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 | +0.9% |
| 1 month | −0.9% |
| 3 months | +0.8% |
| 1 year | +2.2% |
| 3 years | −7.6% |
| 5 years | −2.8% |
| 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 | +0.9% | |
| 2025 | −1.8% | |
| 2024 | −4.1% | |
| 2023 | +0.2% | |
| 2022 | +4.3% | |
| 2021 | −37.4% | |
| 2020 | −31.9% |
EMTY in the news
EMTY Dividends
- 3.02%
- $0.73
- $0.17 per share
- Quarterly
Distribution history
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.
- 18.8%
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.
- −0.46
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.
- −0.86
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
0.65%
EMTY0.65%
- The middle half of Leveraged Inverse (2x & Other) funds
- Median 1.44%
No Leveraged Inverse (2x & Other) fund charges less.
Other funds in Leveraged Inverse (2x & Other)
- CSKFProShares UltraShort FinancialsExpense ratio 1.58%1 year return −9.5%
- CEPVProShares UltraShort FTSE EuropeExpense ratio 1.36%1 year return −19.7%
- CMYYProShares - Short MidCap400Expense ratio 2.22%1 year return −11.1%
- CQQDNProShares - UltraShort QQQ MegaExpense ratio 1.12%1 year return −30.0%
- CSBBProShares - Short SmallCap600Expense ratio 2.28%1 year return −14.9%