ProShares Short Real Estate (REK) Performance
REK total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −4.1% since Dec 31, 2025
- 1 year
- +0.9% total return
- 5 years
- +2.2% a year
- 10 years
- −5.8% a year
- Since first price
- −9.3% a year since 2010
REK trailing returns vs SPY, QQQ, AGG
| Period | REK total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.2% | −1.2% | −1.0% | −5.0% | +0.9% |
| 3 months | +5.9% | +5.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +3.9% | +2.4% | +7.8% | +8.4% | −1.5% |
| YTD | −4.1% | −5.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +0.9% | −1.8% | +14.4% | +15.9% | −1.1% |
| 3 years | −19.7%−7.1%/yr | −29.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +11.4%+2.2%/yr | −5.2% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | −45.0%−5.8%/yr | −54.0% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | −73.8%−8.5%/yr | −78.1% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionMar 18, 2010 | −80.4%−9.3%/yr | −83.6% | — | — | — |
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: REK vs SPY
From Mar 18, 2010: REK grew to $1,960, SPY to $87,224.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
REK returns by calendar year
4 of 15 full years positive. Best 2022 (+29.2%), worst 2021 (−30.6%). 2026 is year to date.
REK annual returns table
| Year | REK | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −4.1% | −12.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +2.3% | −13.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +1.4% | −19.5% | +24.9% | +25.6% | +1.3% |
| 2023 | −6.6% | −20.7% | +26.2% | +54.9% | +5.7% |
| 2022 | +29.2% | −16.2% | −18.2% | −32.6% | −13.0% |
| 2021 | −30.6% | −33.0% | +28.7% | +27.4% | −1.8% |
| 2020 | −11.3% | −40.8% | +18.3% | +48.6% | +7.5% |
| 2019 | −21.0% | −23.7% | +31.2% | +39.0% | +8.5% |
| 2018 | +4.6% | −15.5% | −4.6% | −0.1% | +0.1% |
| 2017 | −9.3% | −10.8% | +21.7% | +32.7% | +3.6% |
| 2016 | −9.5% | −25.1% | +12.0% | +7.1% | +2.4% |
| 2015 | −4.4% | −12.8% | +1.2% | +9.4% | +0.5% |
| 2014 | −24.1% | −24.5% | +13.5% | +19.2% | +6.0% |
| 2013 | −5.2% | −14.8% | +32.3% | +36.6% | −2.0% |
| 2012 | −18.3% | −20.7% | +16.0% | +18.1% | +3.8% |
| 2011 | −14.0% | −21.2% | +1.9% | +3.4% | +7.7% |
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.
REK largest drawdowns
Now 81.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 6, 2010 | −84.6% | Dec 31, 2021 | not yet | 11.5 years | 16.3 years so far |
| May 6, 2010 | −11.5% | May 11, 2010 | Jul 6, 2010 | 5 days | 2 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
REK risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2010 |
|---|---|---|---|---|
| Annualized return | −4.4% | +1.4% | −5.2% | −9.2% |
| Volatility (annualized) | 16.4% | 19.2% | 17.0% | 16.2% |
| Sharpe ratio | -0.46 | -0.02 | -0.36 | -0.60 |
| Sortino ratio | -0.61 | -0.03 | -0.50 | -0.77 |
| Best month | +9.7% | +14.2% | +14.2% | +14.2% |
| Worst month | −11.0% | −11.0% | −11.6% | −13.4% |
| Best 12 months | +9.5% | +29.2% | +29.2% | +29.2% |
| Worst 12 months | −21.9% | −21.9% | −33.0% | −33.0% |
| Positive months | 44% | 50% | 41% | 40% |
| Beta vs S&P 500 | -0.85 | -0.96 | -0.86 | — |
| Correlation with S&P 500 | -0.64 | -0.79 | -0.77 | — |
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.
REK rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 188 | −33.0% | −8.6% | +29.2% | 19% |
| 3-year (a year) | 164 | −21.3% | −9.5% | +7.0% | 10% |
| 5-year (a year) | 140 | −17.1% | −9.5% | +2.2% | 3% |
| 10-year (a year) | 80 | −13.6% | −9.0% | −5.2% | 0% |
Every holding period starting at a month-end since 2010. Returns for 3 years and longer are annualized.
REK performance overview
ProShares Short Real Estate (REK) returned +0.9% over the past year and −5.8% a year over ten years, with distributions reinvested. Since its first recorded price in 2010 it has returned −9.3% a year, turning $10,000 into about $1,960. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −84.6%, from Jul 6, 2010 to Dec 31, 2021; the fund has not yet regained that high. REK finished 4 of its 15 full calendar years with a gain; the best year was 2022 (+29.2%) and the worst 2021 (−30.6%). Volatility has been 16.2% a year.
Related: REK chart, REK holdings, REK dividends, REK valuation. See the REK overview for the latest quote and fund facts.
REK performance FAQ
What is the REK return over the past year?
REK returned +0.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 1.8%.
What is the average annual return of REK?
REK has returned +2.2% a year over 5 years, −5.8% a year over 10 years, −9.3% a year since March 18, 2010 (total return, distributions reinvested).
How much would $10,000 invested in REK be worth?
$10,000 invested in REK at its first recorded close on March 18, 2010 would be worth about $1,960 on October 23, 2026 with distributions reinvested.
What was the worst year for REK?
The worst calendar year was 2021, with a total return of −30.6%. The best was 2022 at +29.2%.
What is the biggest drawdown of REK?
The largest peak-to-trough decline was −84.6% between July 6, 2010 and December 31, 2021. It has not yet recovered to that high; it is 81.5% below its peak.
How volatile is REK?
Over the past 3 years REK had an annualized volatility of 16.4% and a Sharpe ratio of -0.46 (excess return over 1–3 month T-bills per unit of risk).