ProShares Decline of the Retail Store ETF (EMTY) Performance
EMTY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −4.8% since Dec 31, 2025
- 1 year
- +0.7% total return
- 5 years
- −2.8% a year
- Since first price
- −11.1% a year since 2017
EMTY trailing returns vs SPY, QQQ, AGG
| Period | EMTY total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −8.0% | −8.0% | −1.0% | −5.0% | +0.9% |
| 3 months | −7.7% | −8.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +0.1% | −1.2% | +7.8% | +8.4% | −1.5% |
| YTD | −4.8% | −6.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +0.7% | −2.2% | +14.4% | +15.9% | −1.1% |
| 3 years | −26.0%−9.5%/yr | −35.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −13.3%−2.8%/yr | −26.3% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionNov 16, 2017 | −65.2%−11.1%/yr | −70.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: EMTY vs SPY
From Nov 16, 2017: EMTY grew to $3,484, SPY to $33,727.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
EMTY returns by calendar year
3 of 8 full years positive. Best 2018 (+11.2%), worst 2021 (−37.4%). 2026 is year to date.
EMTY annual returns table
| Year | EMTY | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −4.8% | −10.6% | +12.3% | +15.1% | −1.0% |
| 2025 | −1.8% | −24.1% | +17.7% | +20.8% | +7.2% |
| 2024 | −4.1% | −15.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +0.3% | −18.6% | +26.2% | +54.9% | +5.7% |
| 2022 | +4.3% | −21.5% | −18.2% | −32.6% | −13.0% |
| 2021 | −37.4% | −39.8% | +28.7% | +27.4% | −1.8% |
| 2020 | −31.9% | −59.7% | +18.3% | +48.6% | +7.5% |
| 2019 | −8.6% | −22.6% | +31.2% | +39.0% | +8.5% |
| 2018 | +11.2% | −18.5% | −4.6% | −0.1% | +0.1% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
EMTY largest drawdowns
Now 76.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 23, 2020 | −77.6% | Feb 13, 2026 | not yet | 5.9 years | 6.6 years so far |
| Nov 16, 2017 | −23.6% | Sep 26, 2018 | Dec 21, 2018 | 10 months | 1.1 years |
| Aug 15, 2019 | −22.6% | Dec 31, 2019 | Mar 11, 2020 | 5 months | 7 months |
| Dec 24, 2018 | −15.8% | Mar 1, 2019 | May 29, 2019 | 2 months | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
EMTY risk statistics
| Statistic | 3 years | 5 years | Since 2017 |
|---|---|---|---|
| Annualized return | −5.8% | −2.3% | −9.4% |
| Volatility (annualized) | 18.8% | 20.5% | 24.1% |
| Sharpe ratio | -0.46 | -0.19 | -0.40 |
| Sortino ratio | -0.57 | -0.26 | -0.54 |
| Best month | +13.1% | +15.5% | +25.4% |
| Worst month | −11.9% | −11.9% | −21.6% |
| Best 12 months | +10.4% | +20.5% | +47.8% |
| Worst 12 months | −17.7% | −17.7% | −65.3% |
| Positive months | 47% | 50% | 42% |
| Beta vs S&P 500 | -0.89 | -0.86 | — |
| Correlation with S&P 500 | -0.59 | -0.66 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
EMTY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 96 | −65.3% | −4.3% | +47.8% | 31% |
| 3-year (a year) | 72 | −33.8% | −11.9% | +0.3% | 3% |
| 5-year (a year) | 48 | −21.0% | −14.7% | −1.6% | 0% |
Every holding period starting at a month-end since 2017. Returns for 3 years and longer are annualized.
EMTY performance overview
ProShares Decline of the Retail Store ETF (EMTY) returned +0.7% over the past year and −2.8% a year over five years, with distributions reinvested. Since its first recorded price in 2017 it has returned −11.1% a year, turning $10,000 into about $3,484. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −77.6%, from Mar 23, 2020 to Feb 13, 2026; the fund has not yet regained that high. EMTY finished 3 of its 8 full calendar years with a gain; the best year was 2018 (+11.2%) and the worst 2021 (−37.4%). Volatility has been 24.1% a year.
Related: EMTY chart, EMTY dividends. See the EMTY overview for the latest quote and fund facts.
EMTY performance FAQ
What is the EMTY return over the past year?
EMTY returned +0.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 2.2%.
What is the average annual return of EMTY?
EMTY has returned −2.8% a year over 5 years, −11.1% a year since November 16, 2017 (total return, distributions reinvested).
How much would $10,000 invested in EMTY be worth?
$10,000 invested in EMTY at its first recorded close on November 16, 2017 would be worth about $3,484 on October 23, 2026 with distributions reinvested.
What was the worst year for EMTY?
The worst calendar year was 2021, with a total return of −37.4%. The best was 2018 at +11.2%.
What is the biggest drawdown of EMTY?
The largest peak-to-trough decline was −77.6% between March 23, 2020 and February 13, 2026. It has not yet recovered to that high; it is 76.2% below its peak.
How volatile is EMTY?
Over the past 3 years EMTY had an annualized volatility of 18.8% and a Sharpe ratio of -0.46 (excess return over 1–3 month T-bills per unit of risk).