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

Correlation

The correlation between RWM and SH is -0.86. 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: -0.9

Performance

RWM vs. SH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Short Russell2000 (RWM) and ProShares Short S&P500 (SH). The values are adjusted to include any dividend payments, if applicable.

-90.00%-89.00%-88.00%-87.00%-86.00%NovemberDecember2025FebruaryMarchApril
-88.01%
-87.39%
RWM
SH

Key characteristics

Sharpe Ratio

RWM:

0.16

SH:

-0.24

Sortino Ratio

RWM:

0.39

SH:

-0.21

Omega Ratio

RWM:

1.05

SH:

0.97

Calmar Ratio

RWM:

0.04

SH:

-0.05

Martin Ratio

RWM:

0.43

SH:

-0.47

Ulcer Index

RWM:

8.94%

SH:

9.52%

Daily Std Dev

RWM:

24.21%

SH:

19.22%

Max Drawdown

RWM:

-94.64%

SH:

-93.70%

Current Drawdown

RWM:

-93.34%

SH:

-93.05%

Returns By Period

In the year-to-date period, RWM achieves a 13.15% return, which is significantly higher than SH's 6.14% return. Over the past 10 years, RWM has outperformed SH with an annualized return of -8.43%, while SH has yielded a comparatively lower -11.11% annualized return.


RWM

YTD

13.15%

1M

4.57%

6M

12.32%

1Y

2.72%

5Y*

-11.77%

10Y*

-8.43%

SH

YTD

6.14%

1M

2.03%

6M

5.77%

1Y

-4.89%

5Y*

-12.76%

10Y*

-11.11%

*Annualized

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. SH - Expense Ratio Comparison

RWM has a 0.95% expense ratio, which is higher than SH's 0.90% expense ratio.


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%
Expense ratio chart for SH: current value is 0.90%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SH: 0.90%

Risk-Adjusted Performance

RWM vs. SH — 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 2929
Overall Rank
The Sharpe Ratio Rank of RWM is 3131
Sharpe Ratio Rank
The Sortino Ratio Rank of RWM is 3333
Sortino Ratio Rank
The Omega Ratio Rank of RWM is 3131
Omega Ratio Rank
The Calmar Ratio Rank of RWM is 2222
Calmar Ratio Rank
The Martin Ratio Rank of RWM is 2929
Martin Ratio Rank

SH
The Risk-Adjusted Performance Rank of SH is 1111
Overall Rank
The Sharpe Ratio Rank of SH is 1010
Sharpe Ratio Rank
The Sortino Ratio Rank of SH is 99
Sortino Ratio Rank
The Omega Ratio Rank of SH is 99
Omega Ratio Rank
The Calmar Ratio Rank of SH is 1616
Calmar Ratio Rank
The Martin Ratio Rank of SH is 1111
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. SH - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Short Russell2000 (RWM) and ProShares Short S&P500 (SH). 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
SH: -0.24
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
SH: -0.21
The chart of Omega ratio for RWM, currently valued at 1.05, compared to the broader market0.501.001.502.00
RWM: 1.05
SH: 0.97
The chart of Calmar ratio for RWM, currently valued at 0.04, compared to the broader market0.002.004.006.008.0010.0012.00
RWM: 0.04
SH: -0.05
The chart of Martin ratio for RWM, currently valued at 0.43, compared to the broader market0.0020.0040.0060.00
RWM: 0.43
SH: -0.47

The current RWM Sharpe Ratio is 0.16, which is higher than the SH Sharpe Ratio of -0.24. The chart below compares the historical Sharpe Ratios of RWM and SH, 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-2.50-2.00-1.50-1.00-0.500.000.501.00NovemberDecember2025FebruaryMarchApril
0.16
-0.24
RWM
SH

Dividends

RWM vs. SH - Dividend Comparison

RWM's dividend yield for the trailing twelve months is around 4.78%, less than SH's 5.31% yield.


TTM20242023202220212020201920182017
RWM
ProShares Short Russell2000
4.78%6.02%4.78%0.39%0.00%0.20%1.55%0.87%0.07%
SH
ProShares Short S&P500
5.31%6.20%5.37%0.32%0.00%0.16%1.76%1.01%0.06%

Drawdowns

RWM vs. SH - Drawdown Comparison

The maximum RWM drawdown since its inception was -94.64%, roughly equal to the maximum SH drawdown of -93.70%. Use the drawdown chart below to compare losses from any high point for RWM and SH. For additional features, visit the drawdowns tool.


-94.50%-94.00%-93.50%-93.00%-92.50%NovemberDecember2025FebruaryMarchApril
-93.34%
-93.05%
RWM
SH

Volatility

RWM vs. SH - Volatility Comparison

ProShares Short Russell2000 (RWM) and ProShares Short S&P500 (SH) have volatilities of 14.30% and 14.44%, 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.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%NovemberDecember2025FebruaryMarchApril
14.30%
14.44%
RWM
SH