ProShares UltraShort Real Estate (SRS) Performance
SRS total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −11.8% since Dec 31, 2025
- 1 year
- −3.1% total return
- 5 years
- −2.0% a year
- 10 years
- −16.0% a year
- Since first price
- −27.6% a year since 2007
SRS trailing returns vs SPY, QQQ, AGG
| Period | SRS total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −2.9% | −2.9% | −1.0% | −5.0% | +0.9% |
| 3 months | +11.1% | +10.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.2% | +3.6% | +7.8% | +8.4% | −1.5% |
| YTD | −11.8% | −13.6% | +12.3% | +15.1% | −1.0% |
| 1 year | −3.1% | −5.9% | +14.4% | +15.9% | −1.1% |
| 3 years | −46.4%−18.8%/yr | −53.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −9.4%−2.0%/yr | −22.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | −82.5%−16.0%/yr | −85.4% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | −96.3%−19.8%/yr | −96.9% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionFeb 1, 2007 | −99.8%−27.6%/yr | −99.9% | — | — | — |
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: SRS vs SPY
From Feb 1, 2007: SRS grew to $17, SPY to $75,332.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SRS returns by calendar year
2 of 18 full years positive. Best 2022 (+54.7%), worst 2009 (−85.2%). 2026 is year to date.
SRS annual returns table
| Year | SRS | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −11.8% | −25.1% | +12.3% | +15.1% | −1.0% |
| 2025 | −1.5% | −25.8% | +17.7% | +20.8% | +7.2% |
| 2024 | −3.6% | −37.0% | +24.9% | +25.6% | +1.3% |
| 2023 | −18.8% | −38.4% | +26.2% | +54.9% | +5.7% |
| 2022 | +54.7% | −29.7% | −18.2% | −32.6% | −13.0% |
| 2021 | −52.2% | −55.6% | +28.7% | +27.4% | −1.8% |
| 2020 | −33.0% | −67.6% | +18.3% | +48.6% | +7.5% |
| 2019 | −39.0% | −42.8% | +31.2% | +39.0% | +8.5% |
| 2018 | +6.0% | −29.8% | −4.6% | −0.1% | +0.1% |
| 2017 | −18.0% | −21.2% | +21.7% | +32.7% | +3.6% |
| 2016 | −20.4% | −44.5% | +12.0% | +7.1% | +2.4% |
| 2015 | −12.0% | −24.5% | +1.2% | +9.4% | +0.5% |
| 2014 | −41.0% | −42.9% | +13.5% | +19.2% | +6.0% |
| 2013 | −11.0% | −27.4% | +32.3% | +36.6% | −2.0% |
| 2012 | −34.0% | −37.0% | +16.0% | +18.1% | +3.8% |
| 2011 | −32.5% | −41.4% | +1.9% | +3.4% | +7.7% |
| 2010 | −51.6% | −58.5% | +15.1% | +19.9% | +6.4% |
| 2009 | −85.2% | −92.9% | +26.4% | +54.7% | +3.0% |
| 2008 | −50.0% | −78.9% | −36.8% | −41.7% | +7.9% |
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.
SRS largest drawdowns
Now 99.96% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 20, 2008 | −99.96% | Jul 28, 2026 | not yet | 17.7 years | 17.9 years so far |
| Jan 18, 2008 | −50.0% | Sep 19, 2008 | Oct 9, 2008 | 8 months | 9 months |
| Oct 27, 2008 | −44.8% | Nov 4, 2008 | Nov 19, 2008 | 8 days | 23 days |
| Aug 15, 2007 | −32.1% | Oct 5, 2007 | Nov 26, 2007 | 51 days | 3 months |
| Oct 9, 2008 | −30.3% | Oct 13, 2008 | Oct 15, 2008 | 4 days | 6 days |
| Nov 26, 2007 | −23.2% | Dec 10, 2007 | Jan 4, 2008 | 14 days | 39 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SRS risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2007 |
|---|---|---|---|---|
| Annualized return | −13.9% | −3.2% | −14.8% | −27.8% |
| Volatility (annualized) | 32.8% | 38.1% | 33.1% | 40.8% |
| Sharpe ratio | -0.43 | 0.01 | -0.39 | -0.60 |
| Sortino ratio | -0.58 | 0.01 | -0.53 | -0.75 |
| Best month | +19.9% | +29.4% | +29.4% | +50.0% |
| Worst month | −21.3% | −21.3% | −23.1% | −55.6% |
| Best 12 months | +12.3% | +54.7% | +54.7% | +54.7% |
| Worst 12 months | −43.1% | −43.1% | −57.2% | −92.2% |
| Positive months | 42% | 48% | 40% | 39% |
| Beta vs S&P 500 | -1.68 | -1.91 | -1.65 | — |
| Correlation with S&P 500 | -0.64 | -0.78 | -0.76 | — |
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.
SRS rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 225 | −92.2% | −21.3% | +54.7% | 16% |
| 3-year (a year) | 201 | −71.2% | −22.7% | +6.6% | 1% |
| 5-year (a year) | 177 | −58.3% | −22.6% | −2.1% | 0% |
| 10-year (a year) | 117 | −42.5% | −24.2% | −14.8% | 0% |
Every holding period starting at a month-end since 2007. Returns for 3 years and longer are annualized.
SRS performance overview
ProShares UltraShort Real Estate (SRS) returned −3.1% over the past year and −16.0% a year over ten years, with distributions reinvested. Since its first recorded price in 2007 it has returned −27.6% a year, turning $10,000 into about $17. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −99.96%, from Nov 20, 2008 to Jul 28, 2026; the fund has not yet regained that high. SRS finished 2 of its 18 full calendar years with a gain; the best year was 2022 (+54.7%) and the worst 2009 (−85.2%). Volatility has been 40.8% a year.
Related: SRS chart, SRS holdings, SRS dividends, SRS valuation. See the SRS overview for the latest quote and fund facts.
SRS performance FAQ
What is the SRS return over the past year?
SRS returned −3.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 5.9%.
What is the average annual return of SRS?
SRS has returned −2.0% a year over 5 years, −16.0% a year over 10 years, −27.6% a year since February 1, 2007 (total return, distributions reinvested).
How much would $10,000 invested in SRS be worth?
$10,000 invested in SRS at its first recorded close on February 1, 2007 would be worth about $17 on October 23, 2026 with distributions reinvested.
What was the worst year for SRS?
The worst calendar year was 2009, with a total return of −85.2%. The best was 2022 at +54.7%.
What is the biggest drawdown of SRS?
The largest peak-to-trough decline was −99.96% between November 20, 2008 and July 28, 2026. It has not yet recovered to that high; it is 99.96% below its peak.
How volatile is SRS?
Over the past 3 years SRS had an annualized volatility of 32.8% and a Sharpe ratio of -0.43 (excess return over 1–3 month T-bills per unit of risk).