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RWM vs. LABU
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between RWM and LABU is -0.82. 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.


-0.50.00.51.0
Correlation: -0.8

Performance

RWM vs. LABU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Short Russell2000 (RWM) and Direxion Daily S&P Biotech Bull 3x Shares (LABU). The values are adjusted to include any dividend payments, if applicable.

-100.00%-90.00%-80.00%-70.00%-60.00%-50.00%NovemberDecember2025FebruaryMarchApril
-58.56%
-98.21%
RWM
LABU

Key characteristics

Sharpe Ratio

RWM:

0.16

LABU:

-0.50

Sortino Ratio

RWM:

0.39

LABU:

-0.31

Omega Ratio

RWM:

1.05

LABU:

0.96

Calmar Ratio

RWM:

0.04

LABU:

-0.40

Martin Ratio

RWM:

0.43

LABU:

-1.30

Ulcer Index

RWM:

8.94%

LABU:

30.75%

Daily Std Dev

RWM:

24.21%

LABU:

80.70%

Max Drawdown

RWM:

-94.64%

LABU:

-99.18%

Current Drawdown

RWM:

-93.34%

LABU:

-98.80%

Returns By Period

In the year-to-date period, RWM achieves a 13.15% return, which is significantly higher than LABU's -38.77% return.


RWM

YTD

13.15%

1M

4.10%

6M

12.32%

1Y

3.73%

5Y*

-11.04%

10Y*

-8.54%

LABU

YTD

-38.77%

1M

-23.55%

6M

-54.26%

1Y

-36.95%

5Y*

-42.36%

10Y*

N/A

*Annualized

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RWM vs. LABU - Expense Ratio Comparison

RWM has a 0.95% expense ratio, which is lower than LABU's 1.12% expense ratio.


Expense ratio chart for LABU: current value is 1.12%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
LABU: 1.12%
Expense ratio chart for RWM: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
RWM: 0.95%

Risk-Adjusted Performance

RWM vs. LABU — Risk-Adjusted Performance Rank

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

RWM
The Risk-Adjusted Performance Rank of RWM is 3232
Overall Rank
The Sharpe Ratio Rank of RWM is 3333
Sharpe Ratio Rank
The Sortino Ratio Rank of RWM is 3636
Sortino Ratio Rank
The Omega Ratio Rank of RWM is 3535
Omega Ratio Rank
The Calmar Ratio Rank of RWM is 2525
Calmar Ratio Rank
The Martin Ratio Rank of RWM is 3232
Martin Ratio Rank

LABU
The Risk-Adjusted Performance Rank of LABU is 66
Overall Rank
The Sharpe Ratio Rank of LABU is 55
Sharpe Ratio Rank
The Sortino Ratio Rank of LABU is 88
Sortino Ratio Rank
The Omega Ratio Rank of LABU is 99
Omega Ratio Rank
The Calmar Ratio Rank of LABU is 44
Calmar Ratio Rank
The Martin Ratio Rank of LABU is 33
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

RWM vs. LABU - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Short Russell2000 (RWM) and Direxion Daily S&P Biotech Bull 3x Shares (LABU). 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.


The chart of Sharpe ratio for RWM, currently valued at 0.16, compared to the broader market-1.000.001.002.003.004.00
RWM: 0.16
LABU: -0.50
The chart of Sortino ratio for RWM, currently valued at 0.39, compared to the broader market-2.000.002.004.006.008.00
RWM: 0.39
LABU: -0.31
The chart of Omega ratio for RWM, currently valued at 1.05, compared to the broader market0.501.001.502.002.50
RWM: 1.05
LABU: 0.96
The chart of Calmar ratio for RWM, currently valued at 0.05, compared to the broader market0.002.004.006.008.0010.0012.00
RWM: 0.05
LABU: -0.40
The chart of Martin ratio for RWM, currently valued at 0.43, compared to the broader market0.0020.0040.0060.00
RWM: 0.43
LABU: -1.30

The current RWM Sharpe Ratio is 0.16, which is higher than the LABU Sharpe Ratio of -0.50. The chart below compares the historical Sharpe Ratios of RWM and LABU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.00NovemberDecember2025FebruaryMarchApril
0.16
-0.50
RWM
LABU

Dividends

RWM vs. LABU - Dividend Comparison

RWM's dividend yield for the trailing twelve months is around 4.78%, more than LABU's 0.47% yield.


TTM20242023202220212020201920182017
RWM
ProShares Short Russell2000
4.78%6.02%4.78%0.39%0.00%0.20%1.55%0.87%0.07%
LABU
Direxion Daily S&P Biotech Bull 3x Shares
0.47%0.35%0.35%0.00%0.00%0.00%0.28%0.64%0.17%

Drawdowns

RWM vs. LABU - Drawdown Comparison

The maximum RWM drawdown since its inception was -94.64%, roughly equal to the maximum LABU drawdown of -99.18%. Use the drawdown chart below to compare losses from any high point for RWM and LABU. For additional features, visit the drawdowns tool.


-100.00%-90.00%-80.00%-70.00%-60.00%NovemberDecember2025FebruaryMarchApril
-66.94%
-98.80%
RWM
LABU

Volatility

RWM vs. LABU - Volatility Comparison

The current volatility for ProShares Short Russell2000 (RWM) is 14.30%, while Direxion Daily S&P Biotech Bull 3x Shares (LABU) has a volatility of 45.40%. This indicates that RWM experiences smaller price fluctuations and is considered to be less risky than LABU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%10.00%20.00%30.00%40.00%50.00%NovemberDecember2025FebruaryMarchApril
14.30%
45.40%
RWM
LABU