ProShares Short Russell2000 (RWM) belongs to the Inverse Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with RWM. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to RWM
RWM charges 0.95% annually. There are 7 ETFs in the Inverse Equities category with lower expense ratios, going as low as 0.50%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily S&P 500 Bear 1x Shares | 0.50% | 230.47M | Jun 2016 | RWM vs SPDN | |
| Direxion Daily Magnificent 7 Bear 1X Shares | 0.57% | 35.32M | Mar 2024 | RWM vs QQQD | |
| ProShares Decline of the Retail Store ETF | 0.66% | 2.94M | Nov 2017 | RWM vs EMTY | |
| Tuttle Capital Daily 2X Inverse Regional Banks ETF | 0.75% | 7.22M | Jan 2024 | RWM vs SKRE | |
| Tradr Short Innovation Daily ETF | 0.75% | 46.76M | Nov 2021 | RWM vs SARK |
Best Risk-Adjusted Alternatives to RWM
RWM has a PortfoliosLab risk / return rank of 0. There are 64 ETFs in the Inverse Equities category with higher risk-adjusted ranks, going as high as 49.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | 49 | 4.71M | Oct 2024 | RWM vs NFXS | |
| T-REX 2X Inverse MSTR Daily Target ETF | 46 | 97.46M | Sep 2024 | RWM vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | 40 | 28.39M | Aug 2024 | RWM vs SMST | |
| -1x Short VIX Futures ETF | 37 | 195.06M | Mar 2022 | RWM vs SVIX | |
| YieldMax Short COIN Option Income Strategy ETF | 35 | 36.86M | Jul 2024 | RWM vs FIAT |
Top Performing RWM Alternatives (YTD)
RWM is at -16.04% YTD. There are 35 ETFs in the Inverse Equities category with higher YTD returns, going as high as 38.93%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Tradr 2X Short TSLA Daily ETF | 38.93% | 110.91M | Jul 2022 | RWM vs TSLQ | |
| GraniteShares 2x Short TSLA Daily ETF | 37.39% | 33.39M | Aug 2023 | RWM vs TSDD | |
| T-Rex 2X Inverse Tesla Daily Target ETF | 35.10% | 34.80M | Oct 2023 | RWM vs TSLZ | |
| Direxion Daily TSLA Bear 1X ETF | 28.69% | 81.35M | Aug 2022 | RWM vs TSLS | |
| Direxion Daily PLTR Bear 1X Shares | 24.17% | 40.54M | Dec 2024 | RWM vs PLTD |
Lowest Volatility Alternatives to RWM
RWM has 19.24% 1-year volatility. There are 12 ETFs in the Inverse Equities category with lower 1-year volatility, going as low as 12.26%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily BRKB Bear 1X Shares | 12.26% | 2.34M | Dec 2024 | RWM vs BRKD | |
| ProShares Short Dow30 | 12.57% | 100.13M | Jun 2006 | RWM vs DOG | |
| ProShares Short S&P500 | 12.78% | 927.71M | Jun 2006 | RWM vs SH | |
| Direxion Daily S&P 500 Bear 1x Shares | 12.94% | 230.47M | Jun 2016 | RWM vs SPDN | |
| Gotham Short Strategies ETF | 14.19% | 12.30M | Jul 2017 | RWM vs SHRT |
Lowest Drawdown Alternatives to RWM
RWM has a 1-year max drawdown of -25.97%. There are 16 ETFs in the Inverse Equities category with shallower 1-year drawdowns, going as shallow as -9.34%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily BRKB Bear 1X Shares | -9.34% | 2.34M | Dec 2024 | RWM vs BRKD | |
| ProShares Short FTSE China 50 | -13.55% | 4.55M | Mar 2010 | RWM vs YXI | |
| ProShares Decline of the Retail Store ETF | -13.91% | 2.94M | Nov 2017 | RWM vs EMTY | |
| ProShares Short Dow30 | -14.32% | 100.13M | Jun 2006 | RWM vs DOG | |
| Direxion Daily S&P 500 Bear 1x Shares | -15.93% | 230.47M | Jun 2016 | RWM vs SPDN |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, QLD, BITO and span 10 categories. AUM among these funds goes as high as $33B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 45 | 29.42% | 32.83B | Feb 2010 | RWM vs TQQQ | |
| ProShares Ultra QQQ | Leveraged Equities | 48 | 23.13% | 12.76B | Jun 2006 | RWM vs QLD | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -28.40% | 1.41B | Oct 2021 | RWM vs BITO | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 65 | 26.96% | 5.15B | Jun 2009 | RWM vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 67 | 19.52% | 7.81B | Jun 2006 | RWM vs SSO | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 58 | 55.27% | 2.47B | Jan 2007 | RWM vs USD | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 51 | 11.50% | 11.68B | Oct 2013 | RWM vs NOBL | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -38.05% | 2.00B | Feb 2010 | RWM vs SQQQ | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 52 | 11.89% | 394.37M | Mar 2024 | RWM vs IQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -36.18% | 244.68M | Oct 2011 | RWM vs UVXY |
Often Compared With RWM
Investors most often compare RWM with IWM, QID, TWM. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare RWM with Any Fund or Stock
Compare RWM with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair RWM with funds that move differently
ProShares Short Russell2000 alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RWM.
Explore RWM Diversifiers