SRPIX is invested in inverse of REITs, and does not track inverse of homebuilders at all. We’ve been through this topic before.

I would like to short the s&P and the homebuilders, but don’t know how. I will seek the advice of Chris J for this.

My retirement account is with Vanguard, in a brokerage account. I can buy anything I want. If you are limited in your options in your current account, move to Vanguard. When my husband worked for U-Haul and had only 5 options, I moved his money to Vanguard every quarter, and from there, the whole world was open to me! This is the biggest secret in 401k planning – your employer hates it when you handle your own funds, bec. their company hired sponsor doesn’t get the money. Do this: put all your 401k money into a money market, no load, and your company plan advisor gets no cut. Every month or two, move it to Vanguard or another brokerage account (IRA or 401K rollover). Buy stocks, index funds, mutual funds, commodities, whatever you want. Even CDs. I angers me that companies are manipulating their employees by not explaining this option. Every employer should offer a Vanguard type brokerage account for their employees. It’s highly unethical to limit investment options.