ProShares Short Real Estate
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index is designed to track the performance of REITs and other companies that invest directly or indirectly in real estate through development, management, or ownership, including property agencies. The fund is non-diversified.
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET +$1K OVER THIS RANGE
Flows are quiet — the past month netted out near zero, while the price has returned -10.7% so far this year. At 0.95% a year it is not the cheapest way in — ITDG runs the same ground at 0.11%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
| 1 week | +0.4% |
| 1 month | -0.0% |
| 3 months | -1.7% |
| 6 months | -4.5% |
| YTD | -10.7% |
| 1 year | -7.6% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
| 1 week | — |
| 1 month | — |
| 3 months | +$1K |
| YTD | +$1K |
| 1 year | +$1K |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Due diligence cuts both ways. These funds sit on the same shelf and beat REK on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| USRT iShares Core U.S. REIT ETF | 0.08% | $3.7B | — | -87bp on fee · 317× the assets | Head-to-head |
| VNQ Vanguard Real Estate Index Fund | 0.12% | $36.5B | — | -83bp on fee · 3101× the assets | Head-to-head |
| VNQI Vanguard Global ex-U.S. Real Estate Index Fund | 0.12% | $3.6B | — | -83bp on fee · 309× the assets | Head-to-head |
| REET iShares Global REIT ETF | 0.14% | $4.7B | — | -81bp on fee · 399× the assets | Head-to-head |
| ICF iShares Cohen & Steers REIT ETF | 0.33% | $2B | — | -62bp on fee · 172× the assets | Head-to-head |