ProShares - Short Real Estate
$16.32+0.18 (+1.12%)
- Expense ratio
- 1.52%
- Fund size
- $12M
- 1Y return
- −0.8%
- Yield · Last 12 months
- 3.10%
- Holdings
- 8
- Volume · 30D
- 0M sh
- NAV per share
- $16.37
- 52W range
The ETF.net REK Grade
Score 56 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 45Category 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 83Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 54Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 41Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 53Category rank
Our read on REK
BThe unleveraged way to lean against property. REK aims to deliver the inverse (-1x) of the S&P Real Estate Select Sector Index for a single day, no doubling or tripling attached, and it has been doing that job since 2010.
The fund seeks daily investment results, before fees and expenses, that correspond to the inverse of the daily performance of the S&P Real Estate Select Sector Index.
Why people hold it
- Targets -1x the index's daily move. No 2x or 3x multiplier, so the daily-reset compounding math bites less than it does on geared bear funds.
- The short is aimed at the S&P Real Estate Select Sector Index, keeping it a property-sector expression rather than a blunt whole-market hedge.
- Trading since 2010, and it puts on short exposure through an ordinary ETF share instead of borrowing stock in a margin account.
Worth knowing
- Daily reset: hold it across weeks and the result can drift well away from -1x the index's move over that stretch. Built as a short-horizon tool.
- Fee runs 1.52% a year, above what broad-index bear funds charge (ProShares' Short QQQ, PSQ, sits at 1.00%).
- A small fund that trades lightly next to the headline inverse names, so spreads and order sizing carry more weight here.
REK Holdings
- Stocks
- 8
- 100%
- IQMM
Sectors
- Financials100.0%
Geography
- United States100.00%
REK 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 | REK |
|---|---|
| Year to date | −4.4% |
| 1 month | +5.6% |
| 3 months | +3.8% |
| 1 year | −0.8% |
| 3 years | −5.1% |
| 5 years | +1.4% |
| 10 years | −5.4% |
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 | REK |
|---|---|---|
| 2026 YTD | −4.4% | |
| 2025 | +2.3% | |
| 2024 | +1.4% | |
| 2023 | −6.7% | |
| 2022 | +29.1% | |
| 2021 | −30.6% | |
| 2020 | −11.3% |
REK in the news
ETF.net Research hasn’t filed on REK yet — coverage lands here as it’s written.
REK Dividends
- 3.10%
- $0.50
- $0.12 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 24, 2026 | Jun 30, 2026 | $0.12 |
| Mar 25, 2026 | Mar 31, 2026 | $0.08 |
| Dec 24, 2025 | Dec 31, 2025 | $0.15 |
| Sep 24, 2025 | Sep 30, 2025 | $0.15 |
| Jun 25, 2025 | Jul 1, 2025 | $0.14 |
| Mar 26, 2025 | Apr 1, 2025 | $0.15 |
| Dec 23, 2024 | Dec 31, 2024 | $0.29 |
| Sep 25, 2024 | Oct 2, 2024 | $0.29 |
| Jun 26, 2024 | Jul 3, 2024 | $0.31 |
| Mar 20, 2024 | Mar 27, 2024 | $0.19 |
| Dec 20, 2023 | Dec 28, 2023 | $0.31 |
| Sep 20, 2023 | Sep 27, 2023 | $0.22 |
REK 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.
- 16.6%
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.
- −0.44
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.
- −26.9%
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.
REK Cost
- The middle half of Leveraged Inverse (2x & Other) funds
- Median 1.44%
28 of the 53 Leveraged Inverse (2x & Other) funds charge less.