ProShares - Short Real Estate
BThis 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.
$16.45+0.04 (+0.27%)
- 1.52%
- $12M
- −1.9%
- 2.79%
- 0M sh
- $16.41
- low $14.89high $17.64
The ETF.net REK Grade
B
Score 57 out of 100
- 20 of 54
Score 57 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C45 out of 100Rank 30 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.A82 out of 100Rank 4 of 53Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B60 out of 100Rank 18 of 54Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C41 out of 100Rank 16 of 16Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C53 out of 100Rank 20 of 54
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
- 2
- 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.
REK$9,808
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 | REK |
|---|---|
| Year to date | −2.9% |
| 1 month | +3.0% |
| 3 months | +6.6% |
| 1 year | −1.9% |
| 3 years | −4.9% |
| 5 years | +1.5% |
| 10 years | −5.8% |
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 | −2.9% | |
| 2025 | +2.3% | |
| 2024 | +1.4% | |
| 2023 | −6.7% | |
| 2022 | +29.1% | |
| 2021 | −30.6% | |
| 2020 | −11.3% |
REK in the news
REK Dividends
- 2.79%
- $0.46
- $0.11 per share
- Quarterly
Distribution history
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.
- 16.4%
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.
- −0.47
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.
- −0.85
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
1.52%
REK1.52%
- The middle half of Leveraged Inverse (2x & Other) funds
- Median 1.44%
28 of the 53 Leveraged Inverse (2x & Other) funds charge less.
Other funds in Leveraged Inverse (2x & Other)
- BETHDProShares - UltraShort Ether ETFExpense ratio 0.99%1 year return −19.9%
- BSRSProShares - UltraShort Real EstateExpense ratio 1.21%1 year return −8.3%
- BZVOLVolatility Shares Trust - Volatility Premium Plus ETFExpense ratio 1.42%1 year return +29.1%
- BQQQDDirexion Daily Magnificent 7 Bear 1X ETFExpense ratio 1.08%1 year return −14.9%
- CSEFProShares - Short FinancialsExpense ratio 1.58%1 year return −2.5%