ProShares UltraShort Real Estate -2x Shares
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$15.14
- Net Assets:$0 Million
- NAV:$14.79
- Premium2.37%
- Peer Rank:386 of 397
- Investment Rating:E
- Performance:E
- RiskC-
We rate ProShares UltraShort Real Estate at E. Negative factors that influence this rating include a well below average total return. The fund may be considered for investors seeking an Equity Income strategy.
Total return ranks well below peers over the last three years. The ProShares UltraShort Real Estate has returned an annual rate of -30.25% since inception. More recently, the fund has generated a total return of -20.43% in the last five years, -13.83% in the last three years, and -7.33% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 3% of them. It has also outpaced 6% of its competitors on a three year basis and 7% of them over the last year for the period ending 2/29/2024. On a year to date basis, SRS has returned 3.49%.
Downside risk has been below average. SRS has a draw down risk of -34.38%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 45.5%. This fund has experienced excessive volatility in its monthly performance over the last 36 months.
High expense ratio hinders performance. As SRS is an exchange traded fund, it has no front end or back end load.
The ProShares UltraShort Real Estate is managed by Michael Neches at ProShare Advisors LLC. This fund is one of 130 ProShare Advisors LLC exchange-traded funds launched since 6/19/2006 that we track.