SMN vs JRE

Comparison between ProShares UltraShort Materials (SMN, ETF) and JANUS HENDERSON U.S. REAL ESTATE ETF (JRE, ETF).

5-Year PerformanceJRE has outperformed SMN, delivering a return of +5.0% compared to -16.6%

SMN vs JRE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SMN(ETF)	JRE(ETF)
Net Assets	$4.10M	$4.10M
Expense Ratio	N/A	0.65%
Max Drawdown	99.96%	34.43%
Sharpe Ratio	-0.59	1.41
5Y Beta	-1.50	0.50
P/E Ratio	N/A	41.22
Forward P/E	N/A	37.94
PEG Ratio	N/A	1.15
5Y EPS CAGR	N/A	11.88%
Debt to Equity	N/A	98.64%
P/S Ratio	N/A	7.56
P/B Ratio	N/A	3.55

Net Assets

SMN

$4.10M

JRE

$4.10M

Expense Ratio

SMN

N/A

JRE

0.65%

Max Drawdown

SMN

99.96%

Winner

JRE

34.43%

Sharpe Ratio

SMN

-0.59

Winner

JRE

1.41

5Y Beta

Winner

SMN

-1.50

JRE

0.50

P/E Ratio

SMN

N/A

JRE

41.22

Forward P/E

SMN

N/A

JRE

37.94

PEG Ratio

SMN

N/A

JRE

1.15

5Y EPS CAGR

SMN

N/A

JRE

11.88%

Debt to Equity

SMN

N/A

JRE

98.64%

P/S Ratio

SMN

N/A

JRE

7.56

P/B Ratio

SMN

N/A

JRE

3.55

SMN vs JRE - Historical Returns

Returns include dividend reinvestment.

Period	SMN	JRE
1 month	-0.17%	+5.30%
3 months	+1.66%	+9.71%
6 months	-6.95%	+23.06%
1 year	-22.49%	+26.49%
5 years(CAGR)	-16.61%	+4.98%
10 years(CAGR)	-24.51%	N/A
Max(CAGR)	-27.72%	+5.97%

SMN

-0.17%

Winner

JRE

+5.30%

SMN

+1.66%

Winner

JRE

+9.71%

SMN

-6.95%

Winner

JRE

+23.06%

SMN

-22.49%

Winner

JRE

+26.49%

5Y(CAGR)

SMN

-16.61%

Winner

JRE

+4.98%

10Y(CAGR)

SMN

-24.51%

JRE

N/A

Max(CAGR)

SMN

-27.72%

Winner

JRE

+5.97%

SMN vs JRE - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	SMN	JRE
2026	-20.93%	+25.01%
2025	-19.37%	+3.92%
2024	+6.89%	+7.09%
2023	-20.86%	+8.87%
2022	-4.63%	-22.51%
2021	-46.34%	+16.46%
2020	-56.52%	N/A
2019	-32.08%	N/A
2018	+36.15%	N/A
2017	-38.23%	N/A
2016	-39.97%	N/A
2015	+16.14%	N/A
2014	-14.64%	N/A
2013	-32.88%	N/A
2012	-22.43%	N/A
2011	-1.22%	N/A
2010	-51.23%	N/A
2009	-75.87%	N/A
2008	+54.91%	N/A
2007	-38.34%	N/A

SMN vs JRE Drawdown Comparison

The maximum drawdown for SMN was -99.92%, occurring on Feb 11, 2026. This drawdown has not yet recovered.

The maximum drawdown for JRE was -31.69%, occurring on Oct 27, 2023. Recovery took 1033 trading sessions.

The current SMN drawdown is -99.91%.

Rank	SMN	JRE
#1	-99.92% Nov 20, 2008 - Feb 11, 2026	-31.69% Dec 31, 2021 - Feb 13, 2026
#2	-61.90% Mar 5, 2007 - Oct 6, 2008	-8.21% Sep 3, 2021 - Nov 24, 2021
#3	-42.86% Oct 27, 2008 - Nov 20, 2008	-7.14% Mar 2, 2026 - Apr 13, 2026
#4	-27.84% Oct 10, 2008 - Oct 24, 2008	-6.00% Nov 24, 2021 - Dec 8, 2021
#5	-9.85% Feb 9, 2007 - Mar 2, 2007	-3.95% May 26, 2026 - Jun 9, 2026
#6	-1.24% Oct 7, 2008 - Oct 9, 2008	-2.55% May 12, 2026 - May 26, 2026
#7	-1.12% Feb 2, 2007 - Feb 9, 2007	-2.45% Apr 20, 2026 - May 6, 2026
#8	N/A	-2.39% Aug 5, 2021 - Aug 31, 2021
#9	N/A	-2.23% Jun 12, 2026 - Jun 23, 2026
#10	N/A	-2.01% Dec 8, 2021 - Dec 22, 2021
#11	N/A	-1.91% Jun 26, 2026 - Jul 7, 2026
#12	N/A	-1.70% Jun 25, 2021 - Jul 6, 2021
#13	N/A	-1.68% Jul 7, 2026 - Jul 16, 2026
#14	N/A	-1.49% Jul 16, 2021 - Jul 20, 2021
#15	N/A	-1.34% Feb 17, 2026 - Feb 25, 2026

Correlation

Correlation between SMN and JRE is -0.45 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.45

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