RWM vs. IWM
Compare and contrast key facts about ProShares Short Russell2000 (RWM) and iShares Russell 2000 ETF (IWM).
RWM and IWM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RWM is a passively managed fund by ProShares that tracks the performance of the Russell 2000 (-100%). It was launched on Jan 23, 2007. IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 Index. It was launched on May 22, 2000. Both RWM and IWM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RWM or IWM.
Key characteristics
| RWM | IWM | |
|---|---|---|
| YTD Return | -11.89% | 18.17% |
| 1Y Return | -21.49% | 33.39% |
| 3Y Return (Ann) | -0.27% | 0.75% |
| 5Y Return (Ann) | -12.78% | 9.60% |
| 10Y Return (Ann) | -10.99% | 8.72% |
| Sharpe Ratio | -1.19 | 1.88 |
| Sortino Ratio | -1.64 | 2.70 |
| Omega Ratio | 0.81 | 1.33 |
| Calmar Ratio | -0.27 | 1.60 |
| Martin Ratio | -1.94 | 10.83 |
| Ulcer Index | 13.27% | 3.76% |
| Daily Std Dev | 21.64% | 21.63% |
| Max Drawdown | -94.64% | -59.05% |
| Current Drawdown | -94.49% | -2.73% |
Correlation
The correlation between RWM and IWM is -0.99. 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.
Performance
RWM vs. IWM - Performance Comparison
In the year-to-date period, RWM achieves a -11.89% return, which is significantly lower than IWM's 18.17% return. Over the past 10 years, RWM has underperformed IWM with an annualized return of -10.99%, while IWM has yielded a comparatively higher 8.72% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RWM vs. IWM - Expense Ratio Comparison
RWM has a 0.95% expense ratio, which is higher than IWM's 0.19% expense ratio.
Risk-Adjusted Performance
RWM vs. IWM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short Russell2000 (RWM) and iShares Russell 2000 ETF (IWM). 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.
Dividends
RWM vs. IWM - Dividend Comparison
RWM's dividend yield for the trailing twelve months is around 6.62%, more than IWM's 1.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RWM ProShares Short Russell2000 | 6.62% | 4.78% | 0.39% | 0.00% | 0.20% | 1.55% | 0.87% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% |
IWM iShares Russell 2000 ETF | 1.09% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% | 1.26% | 1.23% |
Drawdowns
RWM vs. IWM - Drawdown Comparison
The maximum RWM drawdown since its inception was -94.64%, which is greater than IWM's maximum drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for RWM and IWM. For additional features, visit the drawdowns tool.
Volatility
RWM vs. IWM - Volatility Comparison
ProShares Short Russell2000 (RWM) and iShares Russell 2000 ETF (IWM) have volatilities of 7.78% and 7.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.