{"url":"https://etfiq.com/compare/leverage/srs-vs-ure","section":"compare","title":"SRS vs URE: which held to its multiple? | ETFIQ","description":"SRS sets out to return -2 times IYR each day and URE +2 times. Over the three months to Sep 30, 2026 they finished +2.6 pts and \u22120.7 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, SRS or URE?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, SRS finished 2.6 points from what its multiple implies and URE finished 0.7 points from its own, so URE came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are SRS and URE levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on iShares U.S. Real Estate ETF, SRS at -2 times and URE at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, SRS or URE?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window SRS\u2019s moved at 13% annualized and URE\u2019s at 13%, so SRS has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold SRS or URE for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, SRS or URE?","acceptedAnswer":{"@type":"Answer","text":"SRS charges 0.95% a year and URE charges 0.95%, so SRS is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"SRS vs URE","item":"https://etfiq.com/compare/leverage/srs-vs-ure"}]},{"@type":"WebPage","name":"SRS vs URE: which held to its multiple?","description":"SRS sets out to return -2 times IYR each day and URE +2 times. Over the three months to Sep 30, 2026 they finished +2.6 pts and \u22120.7 pts away.","url":"https://etfiq.com/compare/leverage/srs-vs-ure","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, SRS finished 2.5 points over and URE 0.8 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of SRS and URE","description":"SRS sets out to return -2 times IYR each day and URE +2 times. Over the three months to Sep 30, 2026 they finished +2.6 pts and \u22120.7 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/srs-vs-ure","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6987,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / SRS vs URE \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n SRS vs URE: which held to its multiple?\n\n Over three months against its own daily promise, SRS finished 2.5 points over and URE 0.8 points short.\n Copy this for sharing \n \n ProShares UltraShort Real Estate and ProShares Ultra Real Estate.\n\n Download as PDF \n\n +16.1% SRS returned, 3 months \n \u221214.3% URE returned, 3 months \n +2.6 pts SRS from its stated multiple \n \u22120.7 pts URE from its stated multiple \n\n ETFIQ Decay Resistance Score: URE scores higher\n Did it keep up with its","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/srs-vs-ure","a":{"ticker":"SRS","name":"ProShares UltraShort Real Estate","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SRS returned +16.1% where its own daily promise gave +13.6%, 2.5 points over.","url":"https://etfiq.com/funds/srs","key_facts":[{"label":"What IYR did","value":"\u22126.8%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"+13.6%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+16.1%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+2.5 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$17m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"485BPOS XBRL, Sep 25, 2026"}]},"b":{"ticker":"URE","name":"ProShares Ultra Real Estate","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: URE returned \u221214.3% where its own daily promise gave \u221213.5%, 0.8 points short.","url":"https://etfiq.com/funds/ure","key_facts":[{"label":"What IYR did","value":"\u22126.8%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221213.5%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221214.3%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22120.8 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$47m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"485BPOS XBRL, Sep 25, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/srs-vs-ure"}