IWR vs. UWM
Compare and contrast key facts about iShares Russell Midcap ETF (IWR) and ProShares Ultra Russell2000 (UWM).
IWR and UWM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWR is a passively managed fund by iShares that tracks the performance of the Russell Midcap Index. It was launched on Jul 17, 2001. UWM is a passively managed fund by ProShares that tracks the performance of the Russell 2000 Index (200%). It was launched on Jan 25, 2007. Both IWR and UWM 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
IWR vs. UWM - Performance Comparison
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IWR vs. UWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWR iShares Russell Midcap ETF | 1.27% | 10.37% | 15.21% | 17.05% | -17.48% | 22.44% | 16.93% | 30.23% | -9.10% | 18.25% |
UWM ProShares Ultra Russell2000 | -0.59% | 13.59% | 11.32% | 22.62% | -43.69% | 23.91% | 16.57% | 48.62% | -25.89% | 26.92% |
Returns By Period
In the year-to-date period, IWR achieves a 1.27% return, which is significantly higher than UWM's -0.59% return. Over the past 10 years, IWR has outperformed UWM with an annualized return of 10.69%, while UWM has yielded a comparatively lower 9.88% annualized return.
IWR
- 1D
- 2.63%
- 1M
- -5.34%
- YTD
- 1.27%
- 6M
- 1.38%
- 1Y
- 15.79%
- 3Y*
- 13.14%
- 5Y*
- 6.77%
- 10Y*
- 10.69%
UWM
- 1D
- 7.02%
- 1M
- -10.65%
- YTD
- -0.59%
- 6M
- 1.22%
- 1Y
- 40.99%
- 3Y*
- 14.68%
- 5Y*
- -3.44%
- 10Y*
- 9.88%
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IWR vs. UWM - Expense Ratio Comparison
IWR has a 0.19% expense ratio, which is lower than UWM's 0.95% expense ratio.
Return for Risk
IWR vs. UWM — Risk / Return Rank
IWR
UWM
IWR vs. UWM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Midcap ETF (IWR) and ProShares Ultra Russell2000 (UWM). 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.
| IWR | UWM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 0.89 | -0.06 |
Sortino ratioReturn per unit of downside risk | 1.28 | 1.46 | -0.18 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.19 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.50 | -0.28 |
Martin ratioReturn relative to average drawdown | 5.67 | 5.12 | +0.55 |
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
| IWR | UWM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.89 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | -0.08 | +0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.22 | +0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.11 | +0.36 |
Correlation
The correlation between IWR and UWM is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
IWR vs. UWM - Dividend Comparison
IWR's dividend yield for the trailing twelve months is around 1.28%, more than UWM's 1.04% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWR iShares Russell Midcap ETF | 1.28% | 1.29% | 1.27% | 1.43% | 1.59% | 1.04% | 1.28% | 1.43% | 1.98% | 1.52% | 1.72% | 1.59% |
UWM ProShares Ultra Russell2000 | 1.04% | 1.05% | 1.16% | 0.34% | 0.40% | 0.00% | 0.07% | 0.55% | 0.41% | 0.11% | 0.27% | 0.23% |
Drawdowns
IWR vs. UWM - Drawdown Comparison
The maximum IWR drawdown since its inception was -58.78%, smaller than the maximum UWM drawdown of -88.21%. Use the drawdown chart below to compare losses from any high point for IWR and UWM.
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Drawdown Indicators
| IWR | UWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.78% | -88.21% | +29.43% |
Max Drawdown (1Y)Largest decline over 1 year | -13.38% | -26.48% | +13.10% |
Max Drawdown (5Y)Largest decline over 5 years | -26.18% | -61.62% | +35.44% |
Max Drawdown (10Y)Largest decline over 10 years | -40.59% | -71.46% | +30.87% |
Current DrawdownCurrent decline from peak | -5.75% | -27.29% | +21.54% |
Average DrawdownAverage peak-to-trough decline | -7.85% | -31.07% | +23.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 7.76% | -4.87% |
Volatility
IWR vs. UWM - Volatility Comparison
The current volatility for iShares Russell Midcap ETF (IWR) is 5.53%, while ProShares Ultra Russell2000 (UWM) has a volatility of 14.81%. This indicates that IWR experiences smaller price fluctuations and is considered to be less risky than UWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWR | UWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.53% | 14.81% | -9.28% |
Volatility (6M)Calculated over the trailing 6-month period | 10.46% | 28.72% | -18.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.07% | 46.23% | -27.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.25% | 45.05% | -26.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.35% | 46.00% | -26.65% |