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 5 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% | 213.79M | Jun 2016 | RWM vs SPDN | |
| Direxion Daily Magnificent 7 Bear 1X Shares | 0.57% | 27.70M | Mar 2024 | RWM vs QQQD | |
| ProShares Decline of the Retail Store ETF | 0.66% | 3.01M | Nov 2017 | RWM vs EMTY | |
| Tradr Short Innovation Daily ETF | 0.75% | 56.18M | Nov 2021 | RWM vs SARK | |
| ProShares Short S&P500 | 0.90% | 981.01M | Jun 2006 | RWM vs SH |
Best Risk-Adjusted Alternatives to RWM
RWM has a PortfoliosLab risk / return rank of 0. There are 45 ETFs in the Inverse Equities category with higher risk-adjusted ranks, going as high as 31.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | 31 | 5.31M | Oct 2024 | RWM vs NFXS | |
| Volatility Shares -1x Short VIX Futures ETF | 28 | 215.09M | Mar 2022 | RWM vs SVIX | |
| T-REX 2X Inverse MSTR Daily Target ETF | 21 | 118.12M | Sep 2024 | RWM vs MSTZ | |
| Direxion Daily BRKB Bear 1X Shares | 20 | 2.34M | Dec 2024 | RWM vs BRKD | |
| Defiance Daily Target 2X Short MSTR ETF | 18 | 30.99M | Aug 2024 | RWM vs SMST |
Top Performing RWM Alternatives (YTD)
RWM is at -15.00% YTD. There are 33 ETFs in the Inverse Equities category with higher YTD returns, going as high as 9.13%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Short COIN Option Income Strategy ETF | 9.13% | 35.89M | Jul 2024 | RWM vs FIAT | |
| Direxion Daily NFLX Bear 1X Shares | 8.89% | 5.31M | Oct 2024 | RWM vs NFXS | |
| ProShares Short Financials | 7.71% | 15.40M | Jun 2008 | RWM vs SEF | |
| Direxion Daily MSFT Bear 1X Shares | 6.94% | 13.89M | Sep 2022 | RWM vs MSFD | |
| Direxion Daily PLTR Bear 1X Shares | 6.19% | 40.54M | Dec 2024 | RWM vs PLTD |
Lowest Volatility Alternatives to RWM
RWM has 19.01% 1-year volatility. There are 16 ETFs in the Inverse Equities category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| -1x Short VIX Mid-Term Futures Strategy ETF | 0.00% | 12.30M | Apr 2023 | RWM vs ZIVB | |
| ProShares Short S&P500 | 11.78% | 981.01M | Jun 2006 | RWM vs SH | |
| ProShares Short Dow30 | 12.07% | 108.72M | Jun 2006 | RWM vs DOG | |
| Direxion Daily S&P 500 Bear 1x Shares | 12.09% | 213.79M | Jun 2016 | RWM vs SPDN | |
| YieldMax Short N100 Option Income Strategy ETF | 12.52% | 13.26M | Aug 2024 | RWM vs YQQQ |
Lowest Drawdown Alternatives to RWM
RWM has a 1-year max drawdown of -27.26%. There are 18 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 Financials | -9.72% | 15.40M | Jun 2008 | RWM vs SEF | |
| AdvisorShares Ranger Equity Bear ETF | -12.26% | 63.43M | Jan 2011 | RWM vs HDGE | |
| ProShares Decline of the Retail Store ETF | -14.00% | 3.01M | Nov 2017 | RWM vs EMTY | |
| ProShares Short Dow30 | -14.63% | 108.72M | Jun 2006 | RWM vs DOG |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, BITO, QLD and span 7 categories. AUM among these funds goes as high as $40B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 75 | 65.71% | 39.77B | Feb 2010 | RWM vs TQQQ | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -24.14% | 1.70B | Oct 2021 | RWM vs BITO | |
| ProShares Ultra QQQ | Leveraged Equities | 73 | 42.81% | 14.46B | Jun 2006 | RWM vs QLD | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 69 | 30.62% | 5.55B | Jun 2009 | RWM vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 68 | 21.07% | 8.38B | Jun 2006 | RWM vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | S&P 500, Dividend | 23 | 3.68% | 11.07B | Oct 2013 | RWM vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 92 | 116.46% | 3.05B | Jan 2007 | RWM vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities | 0 | -45.68% | 2.23B | Feb 2010 | RWM vs SQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -18.87% | 398.99M | Oct 2011 | RWM vs UVXY | |
| Proshares Ultra Bitcoin ETF | Cryptocurrency, Leveraged Cryptocurrency | 2 | -50.14% | 446.55M | Apr 2024 | RWM vs BITU |
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