ITWO vs. USD
Compare and contrast key facts about Proshares Russell 2000 High Income ETF (ITWO) and ProShares Ultra Semiconductors (USD).
ITWO and USD 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. USD is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Semiconductors Index (200%). It was launched on Jan 30, 2007. Both ITWO and USD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ITWO vs. USD - Performance Comparison
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ITWO vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ITWO Proshares Russell 2000 High Income ETF | 2.68% | 14.25% | 3.68% |
USD ProShares Ultra Semiconductors | -4.90% | 62.08% | 33.51% |
Returns By Period
In the year-to-date period, ITWO achieves a 2.68% return, which is significantly higher than USD's -4.90% return.
ITWO
- 1D
- 1.06%
- 1M
- -3.80%
- YTD
- 2.68%
- 6M
- 4.87%
- 1Y
- 26.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USD
- 1D
- 4.03%
- 1M
- -7.90%
- YTD
- -4.90%
- 6M
- -1.21%
- 1Y
- 145.25%
- 3Y*
- 90.90%
- 5Y*
- 44.58%
- 10Y*
- 50.62%
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ITWO vs. USD - Expense Ratio Comparison
ITWO has a 0.55% expense ratio, which is lower than USD's 0.95% expense ratio.
Return for Risk
ITWO vs. USD — Risk / Return Rank
ITWO
USD
ITWO vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Russell 2000 High Income ETF (ITWO) and ProShares Ultra Semiconductors (USD). 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 | USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 1.90 | -0.67 |
Sortino ratioReturn per unit of downside risk | 1.71 | 2.44 | -0.73 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.34 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 2.04 | 4.67 | -2.63 |
Martin ratioReturn relative to average drawdown | 7.27 | 12.81 | -5.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ITWO | USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.90 | -0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.59 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.41 | +0.24 |
Correlation
The correlation between ITWO and USD is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ITWO vs. USD - Dividend Comparison
ITWO's dividend yield for the trailing twelve months is around 11.41%, more than USD's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITWO Proshares Russell 2000 High Income ETF | 11.41% | 12.12% | 4.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USD ProShares Ultra Semiconductors | 0.48% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Drawdowns
ITWO vs. USD - Drawdown Comparison
The maximum ITWO drawdown since its inception was -24.77%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for ITWO and USD.
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Drawdown Indicators
| ITWO | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.77% | -88.63% | +63.86% |
Max Drawdown (1Y)Largest decline over 1 year | -13.06% | -31.80% | +18.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -77.85% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.85% | — |
Current DrawdownCurrent decline from peak | -6.08% | -21.24% | +15.16% |
Average DrawdownAverage peak-to-trough decline | -5.58% | -32.60% | +27.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.67% | 11.60% | -7.93% |
Volatility
ITWO vs. USD - Volatility Comparison
The current volatility for Proshares Russell 2000 High Income ETF (ITWO) is 7.18%, while ProShares Ultra Semiconductors (USD) has a volatility of 21.67%. This indicates that ITWO experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ITWO | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.18% | 21.67% | -14.49% |
Volatility (6M)Calculated over the trailing 6-month period | 14.59% | 48.73% | -34.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.89% | 77.08% | -55.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.74% | 76.24% | -55.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.74% | 68.85% | -48.11% |