RWM ProShares Short Russell2000

Asset Allocation

Position	Category/Sector	Target Weight
AAPL Apple Inc	Technology	6.09%
AMZN Amazon.com, Inc	Consumer Cyclical	6.09%
BRK-B Berkshire Hathaway Inc.	Financial Services	3%
CAT Caterpillar Inc.	Industrials	6.09%
JNJ Johnson & Johnson	Healthcare	6.09%
KO The Coca-Cola Company	Consumer Defensive	6.09%
MA Mastercard Inc	Financial Services	6.09%
MCD McDonald's Corporation	Consumer Cyclical	6.09%
MSFT Microsoft Corporation	Technology	6.09%
NVDA NVIDIA Corporation	Technology	6.09%
PG The Procter & Gamble Company	Consumer Defensive	6.09%
RWM ProShares Short Russell2000	Inverse Equities	30%
V Visa Inc.	Financial Services	6.09%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in RWM ProShares Short Russell2000, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every year.

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The earliest data available for this chart is Mar 19, 2008, corresponding to the inception date of V

Returns By Period

As of Apr 4, 2026, the RWM ProShares Short Russell2000 returned -1.51% Year-To-Date and 15.04% of annualized return in the last 10 years.

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.11%	-3.63%	-3.84%	-1.98%	29.73%	16.86%	10.37%	12.29%
Portfolio RWM ProShares Short Russell2000	-0.21%	-1.80%	-1.51%	0.83%	7.38%	15.24%	13.73%	15.04%
Portfolio components:
RWM ProShares Short Russell2000	-0.62%	2.12%	-1.69%	-1.61%	-27.12%	-8.52%	-3.14%	-11.18%
V Visa Inc.	0.77%	-5.94%	-14.05%	-13.67%	-3.22%	10.35%	7.55%	15.28%
MA Mastercard Inc	0.36%	-5.95%	-13.44%	-14.75%	1.33%	11.07%	6.92%	18.61%
MCD McDonald's Corporation	-0.05%	-6.20%	1.06%	3.23%	4.71%	5.27%	8.85%	11.85%
KO The Coca-Cola Company	0.84%	0.28%	10.50%	16.71%	12.89%	10.37%	11.14%	8.39%
MSFT Microsoft Corporation	1.11%	-9.06%	-22.60%	-27.51%	4.58%	10.00%	9.94%	22.58%
NVDA NVIDIA Corporation	0.93%	-3.24%	-4.88%	-5.44%	88.14%	85.17%	66.71%	70.07%
JNJ Johnson & Johnson	-0.44%	1.42%	18.06%	30.35%	63.02%	19.22%	11.44%	11.41%
AMZN Amazon.com, Inc	-0.38%	-4.19%	-9.12%	-4.44%	22.67%	27.00%	5.83%	21.61%
CAT Caterpillar Inc.	-1.79%	1.58%	25.49%	44.82%	152.39%	48.52%	27.57%	28.19%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Mar 20, 2008, RWM ProShares Short Russell2000's average daily return is +0.05%, while the average monthly return is +0.99%. At this rate, your investment would double in approximately 5.9 years.

Historically, 71% of months were positive and 29% were negative. The best month was Aug 2020 with a return of +8.1%, while the worst month was Sep 2008 at -6.6%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 5 months.

On a daily basis, RWM ProShares Short Russell2000 closed higher 56% of trading days. The best single day was Oct 13, 2008 with a return of +3.4%, while the worst single day was Sep 3, 2020 at -3.1%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	-0.47%	1.52%	-2.28%	-0.25%									-1.51%
2025	0.33%	3.71%	-0.36%	-0.48%	2.13%	-0.42%	2.15%	-0.45%	0.56%	2.71%	-0.23%	0.26%	10.26%
2024	4.60%	3.22%	1.10%	-0.90%	2.79%	3.17%	-1.85%	3.26%	1.53%	0.08%	1.48%	0.57%	20.57%
2023	2.23%	0.03%	6.88%	2.96%	3.66%	4.19%	1.29%	2.30%	-3.75%	0.60%	4.95%	0.24%	28.28%
2022	1.46%	-2.52%	2.73%	-1.06%	-1.47%	-2.15%	1.61%	-3.31%	-2.33%	2.22%	2.93%	-0.07%	-2.24%
2021	-3.97%	0.04%	1.92%	3.44%	0.14%	1.71%	2.76%	0.65%	-3.12%	3.85%	3.10%	2.96%	13.96%

Benchmark Metrics

RWM ProShares Short Russell2000 has an annualized alpha of 9.42%, beta of 0.27, and R² of 0.37 versus S&P 500 Index. Calculated based on daily prices since March 20, 2008.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (52.55%) than losses (23.67%) — typical of diversified or defensive assets.
Beta of 0.27 may look defensive, but with R² of 0.37 this portfolio is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this portfolio's risk.
R² of 0.37 means the benchmark explains less than half of this portfolio's behavior — treat beta with caution or consider switching to a more representative benchmark.

Alpha: 9.42%

Beta: 0.27

R²: 0.37

Upside Capture: 52.55%

Downside Capture: 23.67%

Expense Ratio

RWM ProShares Short Russell2000 has an expense ratio of 0.28%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

RWM

ProShares Short Russell2000

Return for Risk

Risk / Return Rank

RWM ProShares Short Russell2000 ranks 20 for risk / return — in the bottom 20% of portfolios on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

	Portfolio	Benchmark	Difference
Sharpe ratio Return per unit of total volatility	0.90	0.88	+0.02
Sortino ratio Return per unit of downside risk	1.25	1.37	-0.12
Omega ratio Gain probability vs. loss probability	1.17	1.21	-0.04
Calmar ratio Return relative to maximum drawdown	1.36	1.39	-0.03
Martin ratio Return relative to average drawdown	4.40	6.43	-2.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.

	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
RWM ProShares Short Russell2000	2	-0.82	-1.07	0.87	-0.58	-0.80
V Visa Inc.	16	-0.53	-0.59	0.92	-0.61	-1.33
MA Mastercard Inc	20	-0.39	-0.38	0.95	-0.50	-1.21
MCD McDonald's Corporation	37	0.05	0.19	1.02	0.02	0.04
KO The Coca-Cola Company	58	0.64	1.06	1.12	1.00	2.03
MSFT Microsoft Corporation	34	-0.06	0.11	1.01	-0.05	-0.12
NVDA NVIDIA Corporation	81	1.47	2.17	1.27	3.02	7.54
JNJ Johnson & Johnson	97	3.51	4.77	1.64	7.48	25.03
AMZN Amazon.com, Inc	46	0.20	0.55	1.07	0.42	1.00
CAT Caterpillar Inc.	96	3.39	4.01	1.54	6.61	23.24

Sharpe Ratio

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

RWM ProShares Short Russell2000 Sharpe ratios as of Apr 4, 2026 (values are recalculated daily):

1-Year: 0.90
5-Year: 1.74
10-Year: 1.68
All Time: 1.39

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

Compared to the broad market, where average Sharpe ratios range from 0.99 to 1.69, this portfolio's current Sharpe ratio places it in the bottom 25%. This suggests weaker risk-adjusted returns than most portfolios, possibly due to lower returns, higher volatility, or both. It may be worth reviewing the allocation. You can use the Portfolio Optimization tool to explore options for improving the Sharpe ratio.

The chart below shows the rolling Sharpe ratio of RWM ProShares Short Russell2000 compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Dividends

Dividend yield

RWM ProShares Short Russell2000 provided a 1.92% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	1.92%	2.05%	2.72%	2.35%	1.03%	0.84%	0.98%	1.46%	1.43%	1.09%	1.33%	1.42%
Portfolio components:
RWM ProShares Short Russell2000	3.61%	3.97%	6.03%	4.78%	0.39%	0.00%	0.20%	1.55%	0.87%	0.07%	0.00%	0.00%
V Visa Inc.	0.84%	0.70%	0.68%	0.72%	0.76%	0.62%	0.56%	0.56%	0.67%	0.61%	0.75%	0.64%
MA Mastercard Inc	0.64%	0.53%	0.50%	0.53%	0.56%	0.49%	0.45%	0.44%	0.53%	0.58%	0.74%	0.66%
MCD McDonald's Corporation	2.36%	2.35%	2.34%	2.10%	2.15%	1.96%	2.35%	2.39%	2.36%	2.23%	2.97%	2.91%
KO The Coca-Cola Company	2.69%	2.92%	3.12%	3.12%	2.77%	2.84%	2.99%	2.89%	3.29%	3.23%	3.38%	3.07%
MSFT Microsoft Corporation	0.93%	0.70%	0.73%	0.74%	1.06%	0.68%	0.94%	1.20%	1.69%	1.86%	2.37%	2.33%
NVDA NVIDIA Corporation	0.02%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%
JNJ Johnson & Johnson	2.14%	2.48%	3.40%	3.00%	2.52%	2.45%	2.53%	2.57%	2.74%	2.38%	2.73%	2.87%
AMZN Amazon.com, Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CAT Caterpillar Inc.	0.83%	1.02%	1.49%	1.69%	1.93%	2.07%	2.26%	2.56%	2.58%	1.97%	3.32%	4.33%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the RWM ProShares Short Russell2000. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the RWM ProShares Short Russell2000 was 23.34%, occurring on Jan 26, 2009. Recovery took 198 trading sessions.

The current RWM ProShares Short Russell2000 drawdown is 2.56%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-23.34%	Jun 2, 2008	165	Jan 26, 2009	198	Nov 5, 2009	363
-9.76%	Feb 3, 2022	173	Oct 11, 2022	106	Mar 15, 2023	279
-9.22%	Sep 3, 2020	125	Mar 4, 2021	85	Jul 6, 2021	210
-8.81%	Oct 3, 2018	57	Dec 24, 2018	66	Apr 1, 2019	123
-7.56%	Apr 27, 2010	46	Jun 30, 2010	79	Oct 21, 2010	125

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 13 assets, with an effective number of assets of 7.59, reflecting the diversification based on asset allocation. This number of effective assets indicates a moderate level of diversification, where some assets may have a more significant influence on overall performance.

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	Benchmark	PG	JNJ	KO	MCD	NVDA	CAT	AMZN	AAPL	BRK-B	MSFT	V	MA	RWM	Portfolio
Benchmark	1.00	0.45	0.48	0.47	0.49	0.60	0.67	0.62	0.62	0.66	0.70	0.64	0.66	-0.85	0.61
PG	0.45	1.00	0.51	0.58	0.44	0.16	0.27	0.22	0.27	0.40	0.33	0.34	0.34	-0.32	0.43
JNJ	0.48	0.51	1.00	0.47	0.40	0.17	0.31	0.24	0.26	0.45	0.32	0.36	0.37	-0.36	0.40
KO	0.47	0.58	0.47	1.00	0.47	0.16	0.30	0.22	0.25	0.44	0.32	0.35	0.36	-0.35	0.40
MCD	0.49	0.44	0.40	0.47	1.00	0.23	0.32	0.30	0.31	0.41	0.36	0.39	0.41	-0.40	0.45
NVDA	0.60	0.16	0.17	0.16	0.23	1.00	0.38	0.49	0.46	0.31	0.53	0.39	0.41	-0.53	0.59
CAT	0.67	0.27	0.31	0.30	0.32	0.38	1.00	0.36	0.39	0.53	0.39	0.42	0.45	-0.67	0.38
AMZN	0.62	0.22	0.24	0.22	0.30	0.49	0.36	1.00	0.49	0.35	0.57	0.45	0.47	-0.52	0.59
AAPL	0.62	0.27	0.26	0.25	0.31	0.46	0.39	0.49	1.00	0.38	0.53	0.43	0.45	-0.51	0.57
BRK-B	0.66	0.40	0.45	0.44	0.41	0.31	0.53	0.35	0.38	1.00	0.40	0.50	0.51	-0.59	0.41
MSFT	0.70	0.33	0.32	0.32	0.36	0.53	0.39	0.57	0.53	0.40	1.00	0.48	0.50	-0.53	0.63
V	0.64	0.34	0.36	0.35	0.39	0.39	0.42	0.45	0.43	0.50	0.48	1.00	0.80	-0.54	0.60
MA	0.66	0.34	0.37	0.36	0.41	0.41	0.45	0.47	0.45	0.51	0.50	0.80	1.00	-0.57	0.61
RWM	-0.85	-0.32	-0.36	-0.35	-0.40	-0.53	-0.67	-0.52	-0.51	-0.59	-0.53	-0.54	-0.57	1.00	-0.31
Portfolio	0.61	0.43	0.40	0.40	0.45	0.59	0.38	0.59	0.57	0.41	0.63	0.60	0.61	-0.31	1.00

The correlation results are calculated based on daily price changes starting from Mar 20, 2008

RWM ProShares Short Russell2000

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Benchmark Metrics

Expense Ratio

Return for Risk

Risk / Return Rank

Return / Risk — by metrics

Sharpe ratio

Sortino ratio

Omega ratio

Calmar ratio

Martin ratio

Sharpe Ratio

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Diversification Metrics

Number of Effective Assets

Asset Correlations Table