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 -44.91%/yr vs 25.31%/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
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Returns By Period
In the year-to-date period, REW achieves a -46.84% return, which is significantly lower than IXN's 39.02% return. Over the past 10 years, REW has underperformed IXN with an annualized return of -44.91%, while IXN has yielded a comparatively higher 25.31% annualized return.
REW
- 1D
- 3.10%
- 1M
- -27.36%
- YTD
- -46.84%
- 6M
- -45.91%
- 1Y
- -64.13%
- 3Y*
- -46.81%
- 5Y*
- -39.85%
- 10Y*
- -44.91%
IXN
- 1D
- -1.53%
- 1M
- 16.82%
- YTD
- 39.02%
- 6M
- 39.11%
- 1Y
- 71.20%
- 3Y*
- 35.59%
- 5Y*
- 22.87%
- 10Y*
- 25.31%
REW vs. IXN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REW ProShares UltraShort Technology | -46.84% | -43.15% | -33.70% | -61.35% | 65.72% | -53.61% | -71.34% | -56.83% | -10.02% | -49.11% |
IXN iShares Global Tech ETF | 39.02% | 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 -0.97, 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 | -0.97 |
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 5, 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.
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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.
| REW | IXN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.77 | ||
| Sortino ratioReturn per unit of downside risk | -6.90 | ||
| Omega ratioGain probability vs. loss probability | 0.70 | 1.51 | -0.82 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | 5.19 | -6.16 |
| Martin ratioReturn relative to average drawdown | -1.95 | 17.87 | -19.82 |
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
| REW | IXN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.52 | 3.25 | -4.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.77 | 0.93 | -1.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.92 | 1.04 | -1.96 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.79 | 0.54 | -1.33 |
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.
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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 | -66.25% | -13.80% | -52.45% |
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 | -99.79% | -36.30% | -63.49% |
Current DrawdownCurrent decline from peak | -99.99% | -2.52% | -97.47% |
Average DrawdownAverage peak-to-trough decline | -86.88% | -11.27% | -75.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.85% | 4.00% | +28.85% |
Volatility
REW vs. IXN - Volatility Comparison
ProShares UltraShort Technology (REW) has a higher volatility of 15.34% compared to iShares Global Tech ETF (IXN) at 8.18%. 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.
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Volatility by Period
| REW | IXN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.34% | 8.18% | +7.16% |
Volatility (6M)Calculated over the trailing 6-month period | 34.28% | 17.93% | +16.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.16% | 22.03% | +20.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.63% | 24.84% | +26.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.84% | 24.40% | +24.44% |
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 10.71%, more than IXN's 0.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXN iShares Global Tech ETF | 0.75% | 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 | 10.71% | 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 -0.97, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
REW has higher volatility (15.34%) compared to IXN (8.18%). In terms of maximum drawdown, REW dropped -99.99% vs IXN's -55.67%.
On 10-year performance, IXN leads with 25.31% vs -44.91% for REW. On fees, IXN is cheaper at 0.46% per year. On volatility, IXN has been the lower-risk option at 8.18%. 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 25.31% return vs -44.91%. 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 10.71%, compared with 0.75% 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 (3.25 vs -1.52), 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.
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