ProShares - UltraShort 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.
$44.18+0.21 (+0.48%)
- 1.21%
- $17M
- −8.3%
- 2.98%
- 0M sh
- $43.94
- low $36.36high $50.80
The ETF.net SRS Grade
B
Score 58 out of 100
- 19 of 54
Score 58 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.B55 out of 100Rank 25 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.B61 out of 100Rank 15 of 53Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B64 out of 100Rank 13 of 54Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C50 out of 100Rank 12 of 16Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B56 out of 100Rank 15 of 54
Our read on SRS
BOne of the few leveraged ways to lean against the property sector: SRS aims for two times the inverse of the S&P Real Estate Select Sector Index's daily move. It launched in January 2007, months before the housing bust.
The fund seeks daily results, before fees and expenses, equal to two times the inverse performance of the S&P Real Estate Select Sector SM Index.
Why people hold it
- Mandate is mechanical and stated plainly: negative two times the daily move of the S&P Real Estate Select Sector Index. No stock picking, no manager discretion.proshares.com
- The 1.21% expense ratio sits right at the median for leveraged and inverse bear funds, so the leverage is not priced at a premium to the category.
- Live since January 2007, it has run through the property crash and every cycle since, and it stands in the upper half of its leveraged bear peer group.
Worth knowing
- The multiple resets daily. Hold longer and compounding takes over, so a multi-week result can look nothing like twice the inverse of the index over that stretch.proshares.com
- Leverage runs both directions: a real estate sector that rises magnifies losses the same way a falling one magnifies gains.
- A small, thinly traded fund. Spreads can be wide relative to the giants, which makes order type and timing matter more than usual.
SRS Holdings
- Stocks
- 2
- 100%
- IQMM
Sectors
- Financials100.0%
Geography
- United States100.00%
SRS Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
SRS$9,169
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 | SRS |
|---|---|
| Year to date | −9.1% |
| 1 month | +5.9% |
| 3 months | +11.9% |
| 1 year | −8.3% |
| 3 years | −14.8% |
| 5 years | −3.3% |
| 10 years | −15.9% |
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 | SRS |
|---|---|---|
| 2026 YTD | −9.1% | |
| 2025 | −1.5% | |
| 2024 | −3.5% | |
| 2023 | −18.9% | |
| 2022 | +54.7% | |
| 2021 | −52.2% | |
| 2020 | −33.0% |
SRS in the news
SRS Dividends
- 2.98%
- $1.31
- $0.33 per share
- Quarterly
Distribution history
SRS 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.
- 32.8%
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.
- −0.43
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.
- −54.8%
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.
- −1.91
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SRS Cost
1.21%
SRS1.21%
- The middle half of Leveraged Inverse (2x & Other) funds
- Median 1.44%
23 of the 53 Leveraged Inverse (2x & Other) funds charge less.
Other funds in Leveraged Inverse (2x & Other)
- BSKRETuttle Capital Daily 2X Inverse Regional Banks ETFExpense ratio 0.75%1 year return −35.5%
- BETHDProShares - UltraShort Ether ETFExpense ratio 0.99%1 year return −19.9%
- BREKProShares - Short Real EstateExpense ratio 1.52%1 year return −1.9%
- 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%