RWM vs. HIMS

Last updated Apr 1, 2026

Compare and contrast key facts about ProShares Short Russell2000 (RWM) and Hims & Hers Health, Inc. (HIMS).

RWM is a passively managed fund by ProShares that tracks the performance of the Russell 2000 (-100%). It was launched on Jan 23, 2007.

Performance

RWM vs. HIMS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Short Russell2000 (RWM) and Hims & Hers Health, Inc. (HIMS). The values are adjusted to include any dividend payments, if applicable.

RWM vs. HIMS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
RWM ProShares Short Russell2000	-0.52%	-9.40%	-5.91%	-10.43%	18.34%	-17.90%	-31.04%	-5.48%
HIMS Hims & Hers Health, Inc.	-36.06%	34.28%	171.69%	38.85%	-2.14%	-55.14%	47.47%	1.02%

Returns By Period

In the year-to-date period, RWM achieves a -0.52% return, which is significantly higher than HIMS's -36.06% return.

RWM

• 1D: -3.51%
• 1M: 5.06%
• YTD: -0.52%
• 6M: -1.93%
• 1Y: -19.15%
• 3Y*: -8.15%
• 5Y*: -2.92%
• 10Y*: -11.01%

HIMS

• 1D: 10.54%
• 1M: 42.98%
• YTD: -36.06%
• 6M: -63.40%
• 1Y: -29.75%
• 3Y*: 27.91%
• 5Y*: 8.83%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

RWM vs. HIMS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RWM

RWM Risk / Return Rank: 3
RWM Sharpe Ratio Rank: 1
RWM Sortino Ratio Rank: 1
RWM Omega Ratio Rank: 2
RWM Calmar Ratio Rank: 3
RWM Martin Ratio Rank: 6

HIMS

HIMS Risk / Return Rank: 33
HIMS Sharpe Ratio Rank: 29
HIMS Sortino Ratio Rank: 36
HIMS Omega Ratio Rank: 36
HIMS Calmar Ratio Rank: 31
HIMS Martin Ratio Rank: 31

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.

RWM vs. HIMS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Short Russell2000 (RWM) and Hims & Hers Health, Inc. (HIMS). 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.

	RWM	HIMS	Difference
Sharpe ratio Return per unit of total volatility	-0.83	-0.29	-0.54
Sortino ratio Return per unit of downside risk	-1.09	0.24	-1.33
Omega ratio Gain probability vs. loss probability	0.87	1.03	-0.16
Calmar ratio Return relative to maximum drawdown	-0.54	-0.37	-0.18
Martin ratio Return relative to average drawdown	-0.74	-0.73	-0.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RWM vs. HIMS - Sharpe Ratio Comparison

The current RWM Sharpe Ratio is -0.83, which is lower than the HIMS Sharpe Ratio of -0.29. The chart below compares the historical Sharpe Ratios of RWM and HIMS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RWM	HIMS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.83	-0.29	-0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.13	0.11	-0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.46	0.16	-0.62

Correlation

The correlation between RWM and HIMS is -0.43. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

RWM vs. HIMS - Dividend Comparison

RWM's dividend yield for the trailing twelve months is around 3.57%, while HIMS has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
RWM ProShares Short Russell2000	3.57%	3.97%	6.03%	4.78%	0.39%	0.00%	0.20%	1.55%	0.87%	0.07%
HIMS Hims & Hers Health, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

RWM vs. HIMS - Drawdown Comparison

The maximum RWM drawdown since its inception was -95.12%, which is greater than HIMS's maximum drawdown of -87.29%. Use the drawdown chart below to compare losses from any high point for RWM and HIMS.

Drawdown Indicators

	RWM	HIMS	Difference
Max Drawdown Largest peak-to-trough decline	-95.12%	-87.29%	-7.83%
Max Drawdown (1Y) Largest decline over 1 year	-34.53%	-78.06%	+43.53%
Max Drawdown (5Y) Largest decline over 5 years	-36.80%	-79.74%	+42.94%
Max Drawdown (10Y) Largest decline over 10 years	-71.94%	—	—
Current Drawdown Current decline from peak	-94.70%	-69.80%	-24.90%
Average Drawdown Average peak-to-trough decline	-73.85%	-42.65%	-31.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.23%	39.63%	-14.40%

Volatility

RWM vs. HIMS - Volatility Comparison

The current volatility for ProShares Short Russell2000 (RWM) is 7.47%, while Hims & Hers Health, Inc. (HIMS) has a volatility of 43.03%. This indicates that RWM experiences smaller price fluctuations and is considered to be less risky than HIMS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RWM	HIMS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.47%	43.03%	-35.56%
Volatility (6M) Calculated over the trailing 6-month period	14.43%	64.90%	-50.47%
Volatility (1Y) Calculated over the trailing 1-year period	23.18%	101.79%	-78.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.58%	83.68%	-61.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.07%	76.87%	-53.80%