REW vs. IXN
REW (ProShares UltraShort Technology) and IXN (iShares Global Tech ETF) are both exchange-traded funds - REW is a Leveraged Equities fund tracking the Dow Jones U.S. Technology Index (-200%), while IXN is a Technology Equities fund tracking the S&P Global Information Technology Sector Index. Both are passively managed. Over the past 10 years, REW returned -43.85%/yr vs 23.87%/yr for IXN. At a correlation of -0.94, they often move in opposite directions. REW charges 0.95%/yr vs 0.46%/yr for IXN.
Performance
REW vs. IXN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, REW achieves a -39.78% return, which is significantly lower than IXN's 28.13% return. Over the past 10 years, REW has underperformed IXN with an annualized return of -43.85%, while IXN has yielded a comparatively higher 23.87% annualized return.
REW
- 1D
- 4.43%
- 1M
- 8.43%
- 6M
- -38.44%
- YTD
- -39.78%
- 1Y
- -51.65%
- 3Y*
- -41.91%
- 5Y*
- -36.52%
- 10Y*
- -43.85%
IXN
- 1D
- -2.47%
- 1M
- -4.72%
- 6M
- 25.36%
- YTD
- 28.13%
- 1Y
- 43.72%
- 3Y*
- 28.96%
- 5Y*
- 19.50%
- 10Y*
- 23.87%
REW vs. IXN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REW ProShares UltraShort Technology | -39.78% | -43.15% | -33.70% | -61.35% | 65.72% | -53.61% | -71.34% | -56.83% | -10.02% | -49.11% |
IXN iShares Global Tech ETF | 28.13% | 25.25% | 24.84% | 52.98% | -29.86% | 29.58% | 43.62% | 47.88% | -5.44% | 41.23% |
Correlation
The correlation between REW and IXN is -0.98, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.96 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2007 | -0.94 |
The correlation between REW and IXN has been stable across timeframes, ranging from -0.98 to -0.94 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
REW vs. IXN — Risk / Return Rank
REW
IXN
REW vs. IXN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Technology (REW) and iShares Global Tech ETF (IXN). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| REW | IXN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.71 | ||
| Sortino ratioReturn per unit of downside risk | -3.90 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.29 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 3.18 | -4.05 |
| Martin ratioReturn relative to average drawdown | -1.75 | 9.42 | -11.17 |
Loading charts...
Drawdowns
REW vs. IXN - Drawdown Comparison
The maximum REW drawdown since its inception was -99.99%, which is greater than IXN's maximum drawdown of -55.67%. Use the drawdown chart below to compare losses from any high point for REW and IXN.
Loading charts...
Drawdown Indicators
| REW | IXN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -55.67% | -44.32% |
Max Drawdown (1Y)Largest decline over 1 year | -60.10% | -13.80% | -46.30% |
Max Drawdown (3Y)Largest decline over 3 years | -86.76% | -25.55% | -61.21% |
Max Drawdown (5Y)Largest decline over 5 years | -93.62% | -36.30% | -57.32% |
Max Drawdown (10Y)Largest decline over 10 years | -99.74% | -36.30% | -63.44% |
Current DrawdownCurrent decline from peak | -99.99% | -10.15% | -89.84% |
Average DrawdownAverage peak-to-trough decline | -86.94% | -11.24% | -75.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.45% | 4.66% | +24.79% |
Volatility
REW vs. IXN - Volatility Comparison
ProShares UltraShort Technology (REW) has a higher volatility of 19.92% compared to iShares Global Tech ETF (IXN) at 10.99%. This indicates that REW's price experiences larger fluctuations and is considered to be riskier than IXN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| REW | IXN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.92% | 10.99% | +8.93% |
Volatility (6M)Calculated over the trailing 6-month period | 42.41% | 22.87% | +19.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.67% | 26.28% | +23.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.97% | 25.68% | +27.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.45% | 24.75% | +24.70% |
REW vs. IXN - Expense Ratio Comparison
REW has a 0.95% expense ratio, which is higher than IXN's 0.46% expense ratio.
Dividends
REW vs. IXN - Dividend Comparison
REW's dividend yield for the trailing twelve months is around 8.27%, more than IXN's 0.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXN iShares Global Tech ETF | 0.82% | 1.04% | 0.43% | 0.55% | 0.81% | 0.58% | 0.63% | 1.06% | 0.94% | 0.93% | 1.03% | 1.12% |
REW ProShares UltraShort Technology | 8.27% | 6.69% | 5.68% | 5.97% | 0.65% | 0.00% | 0.27% | 1.80% | 0.51% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
REW and IXN have a correlation of -0.98, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
REW has higher volatility (19.92%) compared to IXN (10.99%). In terms of maximum drawdown, REW dropped -99.99% vs IXN's -55.67%.
On 10-year performance, IXN leads with 23.87% vs -43.85% for REW. On fees, IXN is cheaper at 0.46% per year. On volatility, IXN has been the lower-risk option at 10.99%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IXN has performed better with a 23.87% return vs -43.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IXN is cheaper with a 0.46% expense ratio, compared with 0.95% for REW.
REW has the higher dividend yield at 8.27%, compared with 0.82% for IXN.
REW is categorized as Leveraged Equities, while IXN is Technology Equities. REW tracks Dow Jones U.S. Technology Index (-200%), while IXN tracks S&P Global Information Technology Sector Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.95% for REW and 0.46% for IXN.
IXN currently has the higher Sharpe Ratio (1.67 vs -1.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for REW and IXN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer