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RTYS.L vs. UWM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RTYS.L vs. UWM

Last updated Jun 4, 2026

RTYS.L (Invesco Russell 2000 UCITS ETF) and UWM (ProShares Ultra Russell2000) are both exchange-traded funds - RTYS.L is a Small Cap Blend Equities fund tracking the Russell 2000 TR USD, while UWM is a Leveraged Equities fund tracking the Russell 2000 Index (200%). Both are passively managed. Over the past 10 years, RTYS.L returned 10.67%/yr vs 12.16%/yr for UWM. A 0.58 correlation means they provide meaningful diversification when combined. RTYS.L charges 0.25%/yr vs 0.95%/yr for UWM.

Performance

RTYS.L vs. UWM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Russell 2000 UCITS ETF (RTYS.L) and ProShares Ultra Russell2000 (UWM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, RTYS.L achieves a 16.53% return, which is significantly lower than UWM's 31.87% return. Over the past 10 years, RTYS.L has underperformed UWM with an annualized return of 10.67%, while UWM has yielded a comparatively higher 12.16% annualized return.

RTYS.L

1D
-1.07%
1M
3.46%
YTD
16.53%
6M
16.96%
1Y
39.75%
3Y*
18.26%
5Y*
5.95%
10Y*
10.67%

UWM

1D
-2.69%
1M
6.41%
YTD
31.87%
6M
28.56%
1Y
76.77%
3Y*
25.03%
5Y*
1.71%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RTYS.L vs. UWM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RTYS.L
Invesco Russell 2000 UCITS ETF		16.53%12.51%10.09%18.90%-21.01%13.97%19.89%24.61%-12.53%14.83%
UWM
ProShares Ultra Russell2000		31.87%13.59%11.32%22.62%-43.69%23.91%16.57%48.62%-25.89%26.92%

Correlation

The correlation between RTYS.L and UWM is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.71

Correlation (3Y)
Calculated over the trailing 3-year period

0.68

Correlation (5Y)
Calculated over the trailing 5-year period

0.64

Correlation (10Y)
Calculated over the trailing 10-year period

0.64

Correlation (All Time)
Calculated using the full available price history since Oct 31, 2011

0.58

The correlation between RTYS.L and UWM shifts across timeframes, from 0.58 (all time) to 0.71 (1 year), reflecting how their relationship changes across market environments.

RTYS.L vs. UWM - Sectors Allocation Comparison

Sectors
RTYS.L
UWM

Industrials

17.7%
17.7%

Technology

17.0%
17.0%

Healthcare

16.5%
16.5%

Financial Services

15.8%
15.8%

Consumer Cyclical

8.4%
8.4%

Real Estate

6.1%
6.1%

Energy

6.1%
6.1%

Basic Materials

4.8%
4.8%

Utilities

2.9%
2.9%

Communication Services

2.4%
2.4%

Consumer Defensive

2.4%
2.4%

Industrials

RTYS.L
17.7%
UWM
17.7%

Technology

RTYS.L
17.0%
UWM
17.0%

Healthcare

RTYS.L
16.5%
UWM
16.5%

Financial Services

RTYS.L
15.8%
UWM
15.8%

Consumer Cyclical

RTYS.L
8.4%
UWM
8.4%

Real Estate

RTYS.L
6.1%
UWM
6.1%

Energy

RTYS.L
6.1%
UWM
6.1%

Basic Materials

RTYS.L
4.8%
UWM
4.8%

Utilities

RTYS.L
2.9%
UWM
2.9%

Communication Services

RTYS.L
2.4%
UWM
2.4%

Consumer Defensive

RTYS.L
2.4%
UWM
2.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco Russell 2000 UCITS ETF

ProShares Ultra Russell2000

Often compared with RTYS.L:
RTYS.L vs. HLGEXRTYS.L vs. R2SC.LRTYS.L vs. FCIGXRTYS.L vs. SPYRTYS.L vs. MARARTYS.L vs. ^GSPCRTYS.L vs. COIN
Often compared with UWM:
UWM vs. IWMUWM vs. TNAUWM vs. URTYUWM vs. SPYUWM vs. TQQQUWM vs. VTWOUWM vs. IWO

Return for Risk

RTYS.L vs. UWM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RTYS.L
RTYS.L Risk / Return Rank: 6666
Overall Rank
RTYS.L Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
RTYS.L Sortino Ratio Rank: 6666
Sortino Ratio Rank
RTYS.L Omega Ratio Rank: 5858
Omega Ratio Rank
RTYS.L Calmar Ratio Rank: 7575
Calmar Ratio Rank
RTYS.L Martin Ratio Rank: 6767
Martin Ratio Rank
UWM
UWM Risk / Return Rank: 5959
Overall Rank
UWM Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
UWM Sortino Ratio Rank: 5454
Sortino Ratio Rank
UWM Omega Ratio Rank: 4949
Omega Ratio Rank
UWM Calmar Ratio Rank: 6969
Calmar Ratio Rank
UWM Martin Ratio Rank: 6565
Martin Ratio Rank
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.

RTYS.L vs. UWM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Russell 2000 UCITS ETF (RTYS.L) 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.

RTYS.LUWMDifference
Sharpe ratioReturn per unit of total volatility
2.13
2.03

+0.09

Sortino ratioReturn per unit of downside risk
3.03
2.63

+0.40

Omega ratioGain probability vs. loss probability

1.36

1.31

+0.05

Calmar ratioReturn relative to maximum drawdown

3.74

3.46

+0.28

Martin ratioReturn relative to average drawdown

12.22

11.85

+0.37

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RTYS.L vs. UWM - Sharpe Ratio Comparison

The current RTYS.L Sharpe Ratio is 2.13, which is comparable to the UWM Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of RTYS.L and UWM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

RTYS.LUWMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.13

2.03

+0.09

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.27

0.04

+0.23

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.48

0.26

+0.22

Sharpe Ratio (All Time)

Calculated using the full available price history

0.55

0.14

+0.41

Drawdowns

RTYS.L vs. UWM - Drawdown Comparison

The maximum RTYS.L drawdown since its inception was -42.15%, smaller than the maximum UWM drawdown of -88.21%. Use the drawdown chart below to compare losses from any high point for RTYS.L and UWM.

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Drawdown Indicators

RTYS.LUWMDifference

Max Drawdown

Largest peak-to-trough decline

-42.15%

-88.21%

+46.06%

Max Drawdown (1Y)

Largest decline over 1 year

-10.57%

-22.28%

+11.71%

Max Drawdown (3Y)

Largest decline over 3 years

-28.71%

-49.79%

+21.08%

Max Drawdown (5Y)

Largest decline over 5 years

-31.97%

-61.62%

+29.65%

Max Drawdown (10Y)

Largest decline over 10 years

-42.15%

-71.46%

+29.31%

Current Drawdown

Current decline from peak

-1.24%

-3.55%

+2.31%

Average Drawdown

Average peak-to-trough decline

-9.15%

-30.88%

+21.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.24%

6.50%

-3.26%

Volatility

RTYS.L vs. UWM - Volatility Comparison

The current volatility for Invesco Russell 2000 UCITS ETF (RTYS.L) is 6.29%, while ProShares Ultra Russell2000 (UWM) has a volatility of 11.45%. This indicates that RTYS.L 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

RTYS.LUWMDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.29%

11.45%

-5.16%

Volatility (6M)

Calculated over the trailing 6-month period

13.46%

26.82%

-13.36%

Volatility (1Y)

Calculated over the trailing 1-year period

18.68%

38.04%

-19.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.27%

45.01%

-22.74%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.16%

46.08%

-23.92%

RTYS.L vs. UWM - Expense Ratio Comparison

RTYS.L has a 0.25% expense ratio, which is lower than UWM's 0.95% expense ratio.

Dividends

RTYS.L vs. UWM - Dividend Comparison

RTYS.L has not paid dividends to shareholders, while UWM's dividend yield for the trailing twelve months is around 0.78%.

PositionTTM20252024202320222021202020192018201720162015
RTYS.L
Invesco Russell 2000 UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
UWM
ProShares Ultra Russell2000		0.78%1.05%1.16%0.34%0.40%0.00%0.07%0.55%0.41%0.11%0.27%0.23%

Frequently Asked Questions

RTYS.L and UWM have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, RTYS.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

RTYS.L is cheaper with a 0.25% expense ratio, compared with 0.95% for UWM.

RTYS.L is categorized as Small Cap Blend Equities, while UWM is Leveraged Equities. RTYS.L tracks Russell 2000 TR USD, while UWM tracks Russell 2000 Index (200%). They also come from different issuers: Invesco and ProShares. Their fees differ too: 0.25% for RTYS.L and 0.95% for UWM.

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