ProShares Global Listed Private Equity ETF (PEX) Performance
PEX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −8.9% since Dec 31, 2025
- 1 year
- −10.0% total return
- 5 years
- −1.4% a year
- 10 years
- +4.6% a year
- Since first price
- +5.0% a year since 2013
PEX trailing returns vs SPY, QQQ, AGG
| Period | PEX total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −2.5% | −2.5% | −1.0% | −5.0% | +0.9% |
| 3 months | +1.4% | +0.4% | +3.2% | +1.9% | −0.4% |
| 6 months | −0.2% | −1.2% | +7.8% | +8.4% | −1.5% |
| YTD | −8.9% | −10.0% | +12.3% | +15.1% | −1.0% |
| 1 year | −10.0% | −14.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +20.8%+6.5%/yr | −10.4% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −6.7%−1.4%/yr | −41.3% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +57.3%+4.6%/yr | −40.1% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionFeb 28, 2013 | +95.8%+5.0%/yr | −45.2% | — | — | — |
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: PEX vs SPY
From Feb 28, 2013: PEX grew to $19,582, SPY to $63,277.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PEX returns by calendar year
8 of 12 full years positive. Best 2021 (+28.3%), worst 2022 (−26.0%). 2026 is year to date.
PEX annual returns table
| Year | PEX | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −8.9% | −18.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +0.2% | −18.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +13.0% | −8.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +23.1% | −12.4% | +26.2% | +54.9% | +5.7% |
| 2022 | −26.0% | −36.1% | −18.2% | −32.6% | −13.0% |
| 2021 | +28.3% | −7.4% | +28.7% | +27.4% | −1.8% |
| 2020 | −1.1% | −49.2% | +18.3% | +48.6% | +7.5% |
| 2019 | +25.5% | −5.5% | +31.2% | +39.0% | +8.5% |
| 2018 | −13.3% | −20.1% | −4.6% | −0.1% | +0.1% |
| 2017 | +14.3% | −4.6% | +21.7% | +32.7% | +3.6% |
| 2016 | +11.0% | −13.0% | +12.0% | +7.1% | +2.4% |
| 2015 | +3.4% | −9.7% | +1.2% | +9.4% | +0.5% |
| 2014 | −5.6% | −16.6% | +13.5% | +19.2% | +6.0% |
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.
PEX largest drawdowns
Now 17.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 13, 2020 | −49.2% | Mar 23, 2020 | Jan 20, 2021 | 39 days | 11 months |
| Nov 12, 2021 | −36.6% | Sep 29, 2022 | Sep 26, 2024 | 11 months | 2.9 years |
| Jul 23, 2025 | −24.7% | Mar 27, 2026 | not yet | 8 months | 1.3 years so far |
| Jan 26, 2018 | −20.1% | Dec 24, 2018 | Nov 4, 2019 | 11 months | 1.8 years |
| Jul 7, 2014 | −19.4% | Feb 11, 2016 | Jun 8, 2016 | 1.6 years | 1.9 years |
| Feb 19, 2025 | −18.4% | Apr 8, 2025 | Jul 8, 2025 | 48 days | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PEX risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2013 |
|---|---|---|---|---|
| Annualized return | +5.1% | −0.3% | +4.5% | +5.2% |
| Volatility (annualized) | 14.5% | 17.7% | 19.7% | 18.0% |
| Sharpe ratio | 0.11 | -0.13 | 0.21 | 0.28 |
| Sortino ratio | 0.17 | -0.18 | 0.29 | 0.39 |
| Best month | +11.2% | +11.2% | +20.4% | +20.4% |
| Worst month | −7.8% | −13.4% | −30.7% | −30.7% |
| Best 12 months | +29.0% | +29.0% | +77.6% | +77.6% |
| Worst 12 months | −15.1% | −32.4% | −32.4% | −32.4% |
| Positive months | 56% | 52% | 57% | 57% |
| Beta vs S&P 500 | 0.81 | 0.93 | 1.07 | — |
| Correlation with S&P 500 | 0.69 | 0.83 | 0.83 | — |
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.
PEX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 153 | −32.4% | +4.5% | +77.6% | 61% |
| 3-year (a year) | 129 | −9.3% | +6.3% | +17.4% | 90% |
| 5-year (a year) | 105 | −2.8% | +5.7% | +15.7% | 91% |
| 10-year (a year) | 45 | +3.6% | +5.4% | +7.0% | 100% |
Every holding period starting at a month-end since 2013. Returns for 3 years and longer are annualized.
PEX performance overview
ProShares Global Listed Private Equity ETF (PEX) returned −10.0% over the past year and +4.6% a year over ten years, with distributions reinvested. Since its first recorded price in 2013 it has returned +5.0% a year, turning $10,000 into about $19,582. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −49.2%, from Feb 13, 2020 to Mar 23, 2020, and it took 10 months to get back to the old high. PEX finished 8 of its 12 full calendar years with a gain; the best year was 2021 (+28.3%) and the worst 2022 (−26.0%). Volatility has been 18.0% a year.
Related: PEX chart, PEX holdings, PEX dividends. See the PEX overview for the latest quote and fund facts.
PEX performance FAQ
What is the PEX return over the past year?
PEX returned −10.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 14.6%.
What is the average annual return of PEX?
PEX has returned −1.4% a year over 5 years, +4.6% a year over 10 years, +5.0% a year since February 28, 2013 (total return, distributions reinvested).
How much would $10,000 invested in PEX be worth?
$10,000 invested in PEX at its first recorded close on February 28, 2013 would be worth about $19,582 on October 23, 2026 with distributions reinvested.
What was the worst year for PEX?
The worst calendar year was 2022, with a total return of −26.0%. The best was 2021 at +28.3%.
What is the biggest drawdown of PEX?
The largest peak-to-trough decline was −49.2% between February 13, 2020 and March 23, 2020. It recovered to the old high on January 20, 2021, 10 months after the bottom.
How volatile is PEX?
Over the past 3 years PEX had an annualized volatility of 14.5% and a Sharpe ratio of 0.11 (excess return over 1–3 month T-bills per unit of risk).