Fund Evaluator:
ProFunds Short Real Estate Inv (SRPIX)
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Best Performing in Trading--Miscellaneous Over the Last Year
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| -5.4% | ProFunds Short Real Estate Inv (SRPIX) |
Fund Details
ProFunds Short Real Estate Inv Overview
ProFunds Short Real Estate Inv (SRPIX) is a passively managed Miscellaneous Trading--Miscellaneous fund. ProFunds launched the fund in 2005.
The investment seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the S&P Real Estate Select Sector Index. The fund invests in financial instruments that the fund Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index is constructed and maintained by S&P Dow Jones Indices LLC. The index represents the real estate sector of the S&P 500 Index. The fund is non-diversified.
About ProFunds Short Real Estate Inv (SRPIX)
There are 2 members of the management team with an average tenure of 10.46 years: Michael Neches (2013), Tarak Davé (2018). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and S&P Real Estate Select Sector TR USD index with a weighting of -100%. ProFunds Short Real Estate Inv has 14 securities in its portfolio. The top 10 holdings constitute 142.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
ProFunds Short Real Estate Inv is part of the Other global asset class and is within the Miscellaneous fund group. ProFunds Short Real Estate Inv has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is -102.1%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). ProFunds Short Real Estate Inv has 200.7% of the portfolio in cash.
Assets Under Management
The fund has $573 million in total assets, which is below the $1 million average for the Trading--Miscellaneous category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
SRPIX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The ProFunds Short Real Estate Inv expense ratio is high compared to funds in the Trading--Miscellaneous category. ProFunds Short Real Estate Inv has an expense ratio of 1.78%, which is 17% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. ProFunds Short Real Estate Inv has a portfolio turnover rate of 1298%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 663% for the Trading--Miscellaneous category.
Recently, in the month of June 2026, ProFunds Short Real Estate Inv returned -0.8%, which earned it a grade of C, as the Trading--Miscellaneous category had an average return of 1.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
ProFunds Short Real Estate Inv has a trailing yield of 3.84%, which is above the 3.67% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
ProFunds Short Real Estate Inv Grades
Year to date, the fund has returned -8.4%, 9.9 percentage points worse than the category, which translates into a grade of F. The fund has returned -5.4% over the past year (grade of C), -4.1% over the past three years (grade of F) and -1.2% per year over the past five years (grade of C) and -6.7% per year over the past 10 years (grade of F).
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SRPIX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| SRPIX Return (NAV) | -0.8% | -7.5% | -5.4% | -4.1% | -1.2% | -6.7% |
| SRPIX Grade | C | F | C | F | C | F |
| +/- Category | -2.6% | -7.4% | -9.8% | -2.0% | -1.2% | -5.0% |
| Trading--Miscellaneous Avg | 1.7% | -0.0% | 4.4% | -2.0% | 0.0% | -1.7% |
| SRPIX Tax Cost Ratio | na | na | 1.4% | 1.6% | 1.0% | 0.5% |
SRPIX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SRPIX Return (NAV) | -8.4% | 1.2% | 0.7% | -6.9% | 28.1% | -31.1% | -12.8% | -21.9% | 3.6% | -10.1% | -10.8% |
| SRPIX Grade | F | C | C | F | A | F | D | F | C | C | F |
| +/- Category | -9.9% | 0.1% | 3.1% | -2.2% | 24.6% | -24.3% | -8.9% | -17.9% | 3.5% | -7.9% | -7.2% |
| Trading--Miscellaneous Avg | 1.5% | 1.1% | -2.4% | -4.8% | 3.5% | -6.8% | -3.9% | -4.0% | 0.1% | -2.2% | -3.5% |
| Risk Measures | |
| Standard Deviation: | 16.6% |
| Total Risk Index: | 1.37 - High |
| Category Risk Index: | 1.14 - High |
| Category Risk Grade: | F (100% Rank) |
| Beta: | 4.60 |
| R-Squared: | 0% |
| Leveraged Fund: | No |
| Inverse Fund: | Yes |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | 3.8% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $0 Mil |
| Fund Total Assets: | $ 1 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 1298% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 12.8 years | |||
| Average Tenure: 10.5 years | |||
| Managers (Year): Neches Michael (2013), Davé Tarak (2018) | |||
Portfolio Composition (as of 4/30/26)
| # of Holdings: | 14 |
| % in Top 10 Holdings: | 142.9% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | -102.1% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 1.4% |
| Cash: | 200.7% |
Purchase Information
| Fund Family: | ProFunds |
| Phone Number: | 888-776-3637 |
| Website: | www.profunds.com |
| Status: | Open |
| Inception Date: | September 12, 2005 |
| Min. Initial Purchase: | $15,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 1.78% ( Rating : High ) |
| Category Average Expense Ratio (%): | 2.15% |
| Share Class: | ProFunds Short Real Estate Inv |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
