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

Correlation

The correlation between RWM and QID is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.00.8

Performance

RWM vs. QID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Short Russell2000 (RWM) and ProShares UltraShort QQQ (QID). The values are adjusted to include any dividend payments, if applicable.

-100.00%-98.00%-96.00%-94.00%-92.00%-90.00%-88.00%JulyAugustSeptemberOctoberNovemberDecember
-89.43%
-99.95%
RWM
QID

Key characteristics

Sharpe Ratio

RWM:

-0.38

QID:

-1.00

Sortino Ratio

RWM:

-0.41

QID:

-1.50

Omega Ratio

RWM:

0.95

QID:

0.83

Calmar Ratio

RWM:

-0.09

QID:

-0.36

Martin Ratio

RWM:

-0.87

QID:

-1.38

Ulcer Index

RWM:

9.30%

QID:

25.94%

Daily Std Dev

RWM:

21.00%

QID:

35.90%

Max Drawdown

RWM:

-94.64%

QID:

-99.97%

Current Drawdown

RWM:

-94.13%

QID:

-99.97%

Returns By Period

In the year-to-date period, RWM achieves a -6.16% return, which is significantly higher than QID's -35.37% return. Over the past 10 years, RWM has outperformed QID with an annualized return of -10.20%, while QID has yielded a comparatively lower -35.76% annualized return.


RWM

YTD

-6.16%

1M

3.66%

6M

-8.14%

1Y

-6.21%

5Y*

-10.85%

10Y*

-10.20%

QID

YTD

-35.37%

1M

-6.00%

6M

-11.60%

1Y

-35.27%

5Y*

-40.38%

10Y*

-35.76%

Compare stocks, funds, or ETFs

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


RWM vs. QID - Expense Ratio Comparison

Both RWM and QID have an expense ratio of 0.95%.


RWM
ProShares Short Russell2000
Expense ratio chart for RWM: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for QID: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Risk-Adjusted Performance

RWM vs. QID - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Short Russell2000 (RWM) and ProShares UltraShort QQQ (QID). 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.


Sharpe ratio
The chart of Sharpe ratio for RWM, currently valued at -0.38, compared to the broader market0.002.004.00-0.38-1.00
The chart of Sortino ratio for RWM, currently valued at -0.41, compared to the broader market-2.000.002.004.006.008.0010.00-0.41-1.50
The chart of Omega ratio for RWM, currently valued at 0.95, compared to the broader market0.501.001.502.002.503.000.950.83
The chart of Calmar ratio for RWM, currently valued at -0.09, compared to the broader market0.005.0010.0015.00-0.09-0.36
The chart of Martin ratio for RWM, currently valued at -0.87, compared to the broader market0.0020.0040.0060.0080.00100.00-0.87-1.38
RWM
QID

The current RWM Sharpe Ratio is -0.38, which is higher than the QID Sharpe Ratio of -1.00. The chart below compares the historical Sharpe Ratios of RWM and QID, 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-1.50-1.00-0.500.00JulyAugustSeptemberOctoberNovemberDecember
-0.38
-1.00
RWM
QID

Dividends

RWM vs. QID - Dividend Comparison

RWM's dividend yield for the trailing twelve months is around 6.22%, less than QID's 9.61% yield.


TTM2023202220212020201920182017
RWM
ProShares Short Russell2000
6.22%4.78%0.39%0.00%0.20%1.55%0.87%0.07%
QID
ProShares UltraShort QQQ
9.61%5.64%0.15%0.00%0.92%2.54%1.38%0.07%

Drawdowns

RWM vs. QID - Drawdown Comparison

The maximum RWM drawdown since its inception was -94.64%, smaller than the maximum QID drawdown of -99.97%. Use the drawdown chart below to compare losses from any high point for RWM and QID. For additional features, visit the drawdowns tool.


-100.00%-99.00%-98.00%-97.00%-96.00%-95.00%-94.00%JulyAugustSeptemberOctoberNovemberDecember
-94.13%
-99.97%
RWM
QID

Volatility

RWM vs. QID - Volatility Comparison

The current volatility for ProShares Short Russell2000 (RWM) is 5.94%, while ProShares UltraShort QQQ (QID) has a volatility of 10.27%. This indicates that RWM experiences smaller price fluctuations and is considered to be less risky than QID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%JulyAugustSeptemberOctoberNovemberDecember
5.94%
10.27%
RWM
QID
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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