ITWO vs. IPDP

Last updated Apr 2, 2026

Compare and contrast key facts about Proshares Russell 2000 High Income ETF (ITWO) and Dividend Performers ETF (IPDP).

ITWO and IPDP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ITWO is a passively managed fund by ProShares that tracks the performance of the Cboe Russell 2000 Daily Covered Call Index. It was launched on Sep 4, 2024. IPDP is an actively managed fund by Innovative Portfolios. It was launched on Dec 24, 2018.

Performance

ITWO vs. IPDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Proshares Russell 2000 High Income ETF (ITWO) and Dividend Performers ETF (IPDP). The values are adjusted to include any dividend payments, if applicable.

ITWO vs. IPDP - Yearly Performance Comparison

	2026 (YTD)
ITWO Proshares Russell 2000 High Income ETF	-3.59%
IPDP Dividend Performers ETF	0.00%

Returns By Period

ITWO

• 1D: 1.06%
• 1M: -3.80%
• YTD: 2.68%
• 6M: 4.87%
• 1Y: 26.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IPDP

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ITWO vs. IPDP - Expense Ratio Comparison

ITWO has a 0.55% expense ratio, which is lower than IPDP's 1.52% expense ratio.

IPDP

Dividend Performers ETF

ITWO

Proshares Russell 2000 High Income ETF

Return for Risk

ITWO vs. IPDP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ITWO

ITWO Risk / Return Rank: 66
ITWO Sharpe Ratio Rank: 66
ITWO Sortino Ratio Rank: 65
ITWO Omega Ratio Rank: 57
ITWO Calmar Ratio Rank: 73
ITWO Martin Ratio Rank: 67

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.

ITWO vs. IPDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Proshares Russell 2000 High Income ETF (ITWO) and Dividend Performers ETF (IPDP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ITWO	IPDP	Difference
Sharpe ratio Return per unit of total volatility	1.22	—	—
Sortino ratio Return per unit of downside risk	1.71	—	—
Omega ratio Gain probability vs. loss probability	1.22	—	—
Calmar ratio Return relative to maximum drawdown	2.04	—	—
Martin ratio Return relative to average drawdown	7.27	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ITWO	IPDP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.22	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	—	—

Dividends

ITWO vs. IPDP - Dividend Comparison

ITWO's dividend yield for the trailing twelve months is around 11.41%, while IPDP has not paid dividends to shareholders.

	TTM	2025	2024
ITWO Proshares Russell 2000 High Income ETF	11.41%	12.12%	4.11%
IPDP Dividend Performers ETF	0.00%	0.00%	0.00%

Drawdowns

ITWO vs. IPDP - Drawdown Comparison

The maximum ITWO drawdown since its inception was -24.77%, which is greater than IPDP's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for ITWO and IPDP.

Drawdown Indicators

	ITWO	IPDP	Difference
Max Drawdown Largest peak-to-trough decline	-24.77%	0.00%	-24.77%
Max Drawdown (1Y) Largest decline over 1 year	-13.06%	—	—
Current Drawdown Current decline from peak	-6.08%	0.00%	-6.08%
Average Drawdown Average peak-to-trough decline	-5.58%	0.00%	-5.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.67%	—	—

Volatility

Volatility by Period

	ITWO	IPDP	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.18%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.59%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.89%	0.00%	+21.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.74%	0.00%	+20.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.74%	0.00%	+20.74%