ProShares - UltraShort Real Estate
$43.61+1.00 (+2.34%)
- Expense ratio
- 1.21%
- Fund size
- $16M
- 1Y return
- −6.1%
- Yield · Last 12 months
- 3.27%
- Holdings
- 9
- Volume · 30D
- 0M sh
- NAV per share
- $43.63
- 52W range
The ETF.net SRS Grade
Score 57 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.BScore 55Category 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.BScore 61Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 59Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 53Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 57Category rank
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
- 9
- 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.
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 | SRS |
|---|---|
| Year to date | −11.8% |
| 1 month | +11.1% |
| 3 months | +6.6% |
| 1 year | −6.1% |
| 3 years | −15.3% |
| 5 years | −3.2% |
| 10 years | −15.2% |
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 | −11.8% | |
| 2025 | −1.5% | |
| 2024 | −3.5% | |
| 2023 | −18.9% | |
| 2022 | +54.7% | |
| 2021 | −52.2% | |
| 2020 | −33.0% |
SRS in the news
ETF.net Research hasn’t filed on SRS yet — coverage lands here as it’s written.
SRS Dividends
- 3.27%
- $1.41
- $0.29 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 24, 2026 | Jun 30, 2026 | $0.29 |
| Mar 25, 2026 | Mar 31, 2026 | $0.26 |
| Dec 24, 2025 | Dec 31, 2025 | $0.43 |
| Sep 24, 2025 | Sep 30, 2025 | $0.42 |
| Jun 25, 2025 | Jul 1, 2025 | $0.43 |
| Mar 26, 2025 | Apr 1, 2025 | $0.49 |
| Dec 23, 2024 | Dec 31, 2024 | $0.88 |
| Sep 25, 2024 | Oct 2, 2024 | $0.79 |
| Jun 26, 2024 | Jul 3, 2024 | $0.97 |
| Mar 20, 2024 | Mar 27, 2024 | $0.51 |
| Dec 20, 2023 | Dec 28, 2023 | $0.89 |
| Sep 20, 2023 | Sep 27, 2023 | $0.66 |
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.
- 33.1%
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.
- −0.41
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.
- −1.89
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
- The middle half of Leveraged Inverse (2x & Other) funds
- Median 1.44%
23 of the 53 Leveraged Inverse (2x & Other) funds charge less.