When you zoom out, the numbers look even more grim. Going back to 2014, Worth pointed out an even longer downtrend line relative to the S&P 500, highlighting just how poorly this ETF has performed over the long term.
"There's just nothing here," said Worth. "It's just been bad. … I don't like it. Short the XRT."
If you're still looking for a way to make money in this space, "Options Action" trader Dan Nathan has a trade for you.
"I would buy the 45-45 put spread, paying $1 for that. Buying one of the April 45-puts for $1.35, selling one of the April 41-puts at 35 cents. That breaks even down at $44. That's down about 3 percent, and you can make up to $3 between $44 and $41," Nathan explained.
"I like the range. I'm looking to April because I know we're going to hit a lot of earnings in March, but I also think the market has come a long way, and if we are going to pull back a little bit and give back some of that in the broad market, I think you want to pick on the losers or the relatively weaker sector, and this is one of them."
The XRT was trading around 1 percent higher on Monday.