RWM vs. JNJ
RWM (ProShares Short Russell2000) is Inverse Equities fund tracking the Russell 2000 (-100%), while JNJ (Johnson & Johnson) is a stock. Over the past 10 years, RWM returned -11.85%/yr vs 9.85%/yr for JNJ. At a correlation of -0.37, they often move in opposite directions.
Performance
RWM vs. JNJ - Performance Comparison
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Returns By Period
In the year-to-date period, RWM achieves a -13.83% return, which is significantly lower than JNJ's 9.07% return. Over the past 10 years, RWM has underperformed JNJ with an annualized return of -11.85%, while JNJ has yielded a comparatively higher 9.85% annualized return.
RWM
- 1D
- 1.37%
- 1M
- -3.30%
- YTD
- -13.83%
- 6M
- -12.66%
- 1Y
- -25.94%
- 3Y*
- -12.10%
- 5Y*
- -5.21%
- 10Y*
- -11.85%
JNJ
- 1D
- 0.16%
- 1M
- 0.14%
- YTD
- 9.07%
- 6M
- 9.93%
- 1Y
- 48.18%
- 3Y*
- 15.79%
- 5Y*
- 9.14%
- 10Y*
- 9.85%
RWM vs. JNJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RWM ProShares Short Russell2000 | -13.83% | -9.40% | -5.91% | -10.43% | 18.34% | -17.90% | -31.04% | -19.83% | 11.57% | -13.61% |
JNJ Johnson & Johnson | 9.07% | 47.48% | -4.81% | -8.58% | 5.97% | 11.44% | 10.82% | 16.22% | -5.13% | 24.43% |
Correlation
The correlation between RWM and JNJ is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.22 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2007 | -0.37 |
Over the past year, the inverse relationship between RWM and JNJ has weakened: their correlation has moved from -0.37 to -0.04, meaning they move in opposite directions less often than they have historically.
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Return for Risk
RWM vs. JNJ — Risk / Return Rank
RWM
JNJ
RWM vs. JNJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short Russell2000 (RWM) and Johnson & Johnson (JNJ). 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 | JNJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.28 | ||
| Sortino ratioReturn per unit of downside risk | -6.21 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 1.52 | -0.73 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | 4.42 | -5.37 |
| Martin ratioReturn relative to average drawdown | -1.65 | 13.33 | -14.98 |
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
| RWM | JNJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.37 | 2.91 | -4.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.23 | 0.55 | -0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.51 | 0.54 | -1.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.49 | 0.53 | -1.02 |
Drawdowns
RWM vs. JNJ - Drawdown Comparison
The maximum RWM drawdown since its inception was -95.47%, which is greater than JNJ's maximum drawdown of -50.67%. Use the drawdown chart below to compare losses from any high point for RWM and JNJ.
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Drawdown Indicators
| RWM | JNJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.47% | -50.67% | -44.80% |
Max Drawdown (1Y)Largest decline over 1 year | -27.26% | -10.96% | -16.30% |
Max Drawdown (3Y)Largest decline over 3 years | -41.38% | -15.95% | -25.43% |
Max Drawdown (5Y)Largest decline over 5 years | -41.38% | -18.41% | -22.97% |
Max Drawdown (10Y)Largest decline over 10 years | -73.72% | -27.37% | -46.35% |
Current DrawdownCurrent decline from peak | -95.41% | -9.67% | -85.74% |
Average DrawdownAverage peak-to-trough decline | -74.04% | -11.88% | -62.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.73% | 3.63% | +12.10% |
Volatility
RWM vs. JNJ - Volatility Comparison
ProShares Short Russell2000 (RWM) has a higher volatility of 5.84% compared to Johnson & Johnson (JNJ) at 5.20%. This indicates that RWM's price experiences larger fluctuations and is considered to be riskier than JNJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RWM | JNJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.84% | 5.20% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 13.52% | 12.17% | +1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.07% | 16.67% | +2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.56% | 16.82% | +5.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.11% | 18.45% | +4.66% |
Dividends
RWM vs. JNJ - Dividend Comparison
RWM's dividend yield for the trailing twelve months is around 4.12%, more than JNJ's 2.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JNJ Johnson & Johnson | 2.35% | 2.48% | 3.40% | 3.00% | 2.52% | 2.45% | 2.53% | 2.57% | 2.74% | 2.38% | 2.73% | 2.87% |
RWM ProShares Short Russell2000 | 4.12% | 3.97% | 6.03% | 4.78% | 0.39% | 0.00% | 0.20% | 1.55% | 0.87% | 0.07% | 0.00% | 0.00% |
Frequently Asked Questions
RWM and JNJ have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RWM has higher volatility (5.84%) compared to JNJ (5.20%). In terms of maximum drawdown, RWM dropped -95.47% vs JNJ's -50.67%.
JNJ currently has the higher Sharpe Ratio (2.91 vs -1.37), 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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