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ProShares Ultra Russell2000 (UWM)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US74347R8429

CUSIP

74347R842

Issuer

ProShares

Inception Date

Jan 25, 2007

Region

North America (U.S.)

Leveraged

2x

Index Tracked

Russell 2000 Index (200%)

Asset Class

Equity

Asset Class Size

Micro-Cap

Asset Class Style

Blend

Expense Ratio

UWM has a high expense ratio of 0.95%, indicating above-average management fees.


Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart

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


50.00%100.00%150.00%200.00%250.00%300.00%December2025FebruaryMarchAprilMay
100.10%
297.49%
UWM (ProShares Ultra Russell2000)
Benchmark (^GSPC)

Returns By Period

ProShares Ultra Russell2000 (UWM) returned -21.18% year-to-date (YTD) and -13.72% over the past 12 months. Over the past 10 years, UWM returned 3.83% annually, underperforming the S&P 500 benchmark at 10.45%.


UWM

YTD

-21.18%

1M

10.88%

6M

-32.71%

1Y

-13.72%

5Y*

9.70%

10Y*

3.83%

^GSPC (Benchmark)

YTD

-3.77%

1M

3.72%

6M

-5.60%

1Y

8.55%

5Y*

14.11%

10Y*

10.45%

*Annualized

Monthly Returns

The table below presents the monthly returns of UWM, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20254.44%-10.91%-13.93%-7.30%6.16%-21.18%
2024-8.51%10.34%6.47%-14.18%9.59%-2.75%20.55%-4.68%0.66%-3.54%22.27%-16.98%11.32%
202319.56%-4.32%-10.67%-4.18%-2.66%15.90%11.98%-10.67%-12.10%-13.83%17.54%24.64%22.62%
2022-19.00%1.69%1.53%-19.34%-1.07%-16.63%20.98%-4.82%-19.15%22.01%3.05%-13.54%-43.69%
20219.43%12.13%1.67%3.40%0.06%3.49%-7.65%4.11%-6.07%8.53%-8.85%3.83%23.91%
2020-6.53%-16.59%-45.20%25.66%11.58%5.52%5.29%11.04%-6.90%3.80%38.92%17.48%16.57%
201923.08%10.19%-4.56%6.44%-15.54%13.78%0.93%-10.35%3.65%4.99%8.05%5.50%48.62%
20184.86%-8.10%1.89%1.37%12.16%0.89%3.23%8.34%-4.93%-21.24%2.58%-23.40%-25.89%
20170.21%3.69%-0.12%1.92%-4.16%6.51%1.41%-2.80%12.68%1.35%5.63%-1.13%26.92%
2016-17.07%-0.78%16.39%2.83%4.33%-0.62%11.88%3.36%1.84%-9.36%23.01%5.52%41.47%
2015-6.78%11.96%2.75%-4.81%4.32%1.38%-2.56%-12.64%-10.09%11.15%6.38%-10.22%-12.29%
2014-5.71%9.55%-1.88%-7.81%1.22%10.76%-12.23%9.97%-11.89%13.15%0.09%5.44%6.38%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of UWM is 11, meaning it’s performing worse than 89% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of UWM is 1111
Overall Rank
The Sharpe Ratio Rank of UWM is 99
Sharpe Ratio Rank
The Sortino Ratio Rank of UWM is 1313
Sortino Ratio Rank
The Omega Ratio Rank of UWM is 1313
Omega Ratio Rank
The Calmar Ratio Rank of UWM is 99
Calmar Ratio Rank
The Martin Ratio Rank of UWM is 99
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for ProShares Ultra Russell2000 (UWM) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


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.

ProShares Ultra Russell2000 Sharpe ratios as of May 10, 2025 (values are recalculated daily):

  • 1-Year: -0.29
  • 5-Year: 0.20
  • 10-Year: 0.08
  • All Time: 0.08

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).

The chart below shows the rolling Sharpe ratio of ProShares Ultra Russell2000 compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00December2025FebruaryMarchAprilMay
-0.29
0.44
UWM (ProShares Ultra Russell2000)
Benchmark (^GSPC)

Dividends

Dividend History

ProShares Ultra Russell2000 provided a 1.54% dividend yield over the last twelve months, with an annual payout of $0.51 per share. The fund has been increasing its distributions for 2 consecutive years.


0.00%0.20%0.40%0.60%0.80%1.00%1.20%$0.00$0.10$0.20$0.30$0.40$0.5020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.51$0.49$0.13$0.13$0.00$0.03$0.21$0.11$0.04$0.11$0.05$0.02

Dividend yield

1.54%1.16%0.34%0.40%0.00%0.07%0.55%0.41%0.11%0.38%0.24%0.11%

Monthly Dividends

The table displays the monthly dividend distributions for ProShares Ultra Russell2000. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.00$0.08$0.00$0.00$0.08
2024$0.00$0.00$0.06$0.00$0.00$0.11$0.00$0.00$0.13$0.00$0.00$0.18$0.49
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.02$0.00$0.00$0.11$0.13
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.13$0.13
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2020$0.00$0.00$0.02$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.03
2019$0.00$0.00$0.02$0.00$0.00$0.06$0.00$0.00$0.05$0.00$0.00$0.08$0.21
2018$0.00$0.00$0.01$0.00$0.00$0.00$0.00$0.00$0.02$0.00$0.00$0.09$0.11
2017$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.04$0.04
2016$0.00$0.00$0.04$0.00$0.00$0.01$0.00$0.00$0.01$0.00$0.00$0.04$0.11
2015$0.00$0.00$0.01$0.00$0.00$0.01$0.00$0.00$0.01$0.00$0.00$0.02$0.05
2014$0.02$0.02

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.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%December2025FebruaryMarchAprilMay
-49.25%
-7.88%
UWM (ProShares Ultra Russell2000)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the ProShares Ultra 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 ProShares Ultra Russell2000 was 88.21%, occurring on Mar 9, 2009. Recovery took 1167 trading sessions.

The current ProShares Ultra Russell2000 drawdown is 49.25%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-88.21%Jun 5, 2007444Mar 9, 20091167Oct 24, 20131611
-71.46%Sep 4, 2018390Mar 23, 2020186Dec 15, 2020576
-61.62%Nov 9, 2021495Oct 27, 2023
-46.61%Jun 24, 2015161Feb 11, 2016196Nov 18, 2016357
-24.56%Mar 5, 2014155Oct 13, 201452Dec 26, 2014207

Volatility

Volatility Chart

The current ProShares Ultra Russell2000 volatility is 14.71%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%5.00%10.00%15.00%20.00%25.00%30.00%December2025FebruaryMarchAprilMay
14.71%
6.82%
UWM (ProShares Ultra Russell2000)
Benchmark (^GSPC)