ProShares Ultra Real Estate (URE) Performance
URE total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +9.4% since Dec 31, 2025
- 1 year
- −0.6% total return
- 5 years
- −7.6% a year
- 10 years
- +2.4% a year
- Since first price
- −3.6% a year since 2007
URE trailing returns vs SPY, QQQ, AGG
| Period | URE 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 | −10.5% | −10.8% | +3.2% | +1.9% | −0.4% |
| 6 months | −6.7% | −7.5% | +7.8% | +8.4% | −1.5% |
| YTD | +9.4% | +8.1% | +12.3% | +15.1% | −1.0% |
| 1 year | −0.6% | −2.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +60.5%+17.1%/yr | +50.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −32.7%−7.6%/yr | −38.3% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +26.9%+2.4%/yr | +10.1% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +231.3%+8.3%/yr | +173.4% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionFeb 1, 2007 | −51.3%−3.6%/yr | −64.4% | — | — | — |
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: URE vs SPY
From Feb 1, 2007: URE grew to $4,872, SPY to $75,332.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
URE returns by calendar year
11 of 18 full years positive. Best 2021 (+88.2%), worst 2008 (−80.8%). 2026 is year to date.
URE annual returns table
| Year | URE | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +9.4% | −21.9% | +12.3% | +15.1% | −1.0% |
| 2025 | −3.7% | −27.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +0.3% | −23.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +11.6% | −42.9% | +26.2% | +54.9% | +5.7% |
| 2022 | −49.6% | −56.6% | −18.2% | −32.6% | −13.0% |
| 2021 | +88.2% | −14.3% | +28.7% | +27.4% | −1.8% |
| 2020 | −28.1% | −70.5% | +18.3% | +48.6% | +7.5% |
| 2019 | +57.9% | −10.6% | +31.2% | +39.0% | +8.5% |
| 2018 | −13.8% | −24.6% | −4.6% | −0.1% | +0.1% |
| 2017 | +16.6% | −10.2% | +21.7% | +32.7% | +3.6% |
| 2016 | +10.7% | −27.3% | +12.0% | +7.1% | +2.4% |
| 2015 | −0.2% | −30.8% | +1.2% | +9.4% | +0.5% |
| 2014 | +57.9% | −13.9% | +13.5% | +19.2% | +6.0% |
| 2013 | −0.7% | −34.2% | +32.3% | +36.6% | −2.0% |
| 2012 | +36.8% | −17.5% | +16.0% | +18.1% | +3.8% |
| 2011 | +1.9% | −42.8% | +1.9% | +3.4% | +7.7% |
| 2010 | +48.3% | −32.5% | +15.1% | +19.9% | +6.4% |
| 2009 | +11.4% | −68.0% | +26.4% | +54.7% | +3.0% |
| 2008 | −80.8% | −90.6% | −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.
URE largest drawdowns
Now 54.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 7, 2007 | −97.2% | Mar 6, 2009 | not yet | 2.1 years | 19.7 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
URE risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2007 |
|---|---|---|---|---|
| Annualized return | +10.4% | −6.4% | +1.0% | −3.6% |
| Volatility (annualized) | 33.4% | 38.2% | 35.4% | 41.9% |
| Sharpe ratio | 0.33 | -0.08 | 0.15 | 0.11 |
| Sortino ratio | 0.51 | -0.11 | 0.21 | 0.15 |
| Best month | +24.8% | +24.8% | +24.8% | +55.9% |
| Worst month | −17.3% | −24.7% | −43.3% | −59.0% |
| Best 12 months | +66.0% | +66.0% | +102.0% | +238.4% |
| Worst 12 months | −16.3% | −49.6% | −49.6% | −92.1% |
| Positive months | 58% | 52% | 57% | 56% |
| Beta vs S&P 500 | 1.73 | 1.91 | 1.77 | — |
| Correlation with S&P 500 | 0.65 | 0.78 | 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.
URE rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 225 | −92.1% | +8.3% | +238.4% | 62% |
| 3-year (a year) | 201 | −51.8% | +9.7% | +73.9% | 68% |
| 5-year (a year) | 177 | −28.1% | +7.8% | +47.1% | 70% |
| 10-year (a year) | 117 | −7.8% | +5.8% | +30.2% | 86% |
Every holding period starting at a month-end since 2007. Returns for 3 years and longer are annualized.
URE performance overview
ProShares Ultra Real Estate (URE) returned −0.6% over the past year and +2.4% a year over ten years, with distributions reinvested. Since its first recorded price in 2007 it has returned −3.6% a year, turning $10,000 into about $4,872. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −97.2%, from Feb 7, 2007 to Mar 6, 2009; the fund has not yet regained that high. URE finished 11 of its 18 full calendar years with a gain; the best year was 2021 (+88.2%) and the worst 2008 (−80.8%). Volatility has been 41.9% a year.
Related: URE chart, URE holdings, URE dividends, URE valuation. See the URE overview for the latest quote and fund facts.
URE performance FAQ
What is the URE return over the past year?
URE returned −0.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 2.6%.
What is the average annual return of URE?
URE has returned −7.6% a year over 5 years, +2.4% a year over 10 years, −3.6% a year since February 1, 2007 (total return, distributions reinvested).
How much would $10,000 invested in URE be worth?
$10,000 invested in URE at its first recorded close on February 1, 2007 would be worth about $4,872 on October 23, 2026 with distributions reinvested.
What was the worst year for URE?
The worst calendar year was 2008, with a total return of −80.8%. The best was 2021 at +88.2%.
What is the biggest drawdown of URE?
The largest peak-to-trough decline was −97.2% between February 7, 2007 and March 6, 2009. It has not yet recovered to that high; it is 54.5% below its peak.
How volatile is URE?
Over the past 3 years URE had an annualized volatility of 33.4% and a Sharpe ratio of 0.33 (excess return over 1–3 month T-bills per unit of risk).