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

Correlation

The correlation between RWM and SPY 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. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Short Russell2000 (RWM) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

-100.00%0.00%100.00%200.00%300.00%400.00%500.00%NovemberDecember2025FebruaryMarchApril
-88.01%
445.77%
RWM
SPY

Key characteristics

Sharpe Ratio

RWM:

0.16

SPY:

0.51

Sortino Ratio

RWM:

0.39

SPY:

0.86

Omega Ratio

RWM:

1.05

SPY:

1.13

Calmar Ratio

RWM:

0.04

SPY:

0.55

Martin Ratio

RWM:

0.43

SPY:

2.26

Ulcer Index

RWM:

8.94%

SPY:

4.55%

Daily Std Dev

RWM:

24.21%

SPY:

20.08%

Max Drawdown

RWM:

-94.64%

SPY:

-55.19%

Current Drawdown

RWM:

-93.34%

SPY:

-9.89%

Returns By Period

In the year-to-date period, RWM achieves a 13.15% return, which is significantly higher than SPY's -5.76% return. Over the past 10 years, RWM has underperformed SPY with an annualized return of -8.54%, while SPY has yielded a comparatively higher 12.16% annualized return.


RWM

YTD

13.15%

1M

4.10%

6M

12.32%

1Y

3.73%

5Y*

-11.04%

10Y*

-8.54%

SPY

YTD

-5.76%

1M

-0.90%

6M

-4.30%

1Y

9.72%

5Y*

15.76%

10Y*

12.16%

*Annualized

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RWM vs. SPY - Expense Ratio Comparison

RWM has a 0.95% expense ratio, which is higher than SPY's 0.09% 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 SPY: current value is 0.09%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPY: 0.09%

Risk-Adjusted Performance

RWM vs. SPY — 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

SPY
The Risk-Adjusted Performance Rank of SPY is 6363
Overall Rank
The Sharpe Ratio Rank of SPY is 5959
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 6161
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 6464
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 6666
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 6565
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. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Short Russell2000 (RWM) and SPDR S&P 500 ETF (SPY). 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
SPY: 0.51
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
SPY: 0.86
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
SPY: 1.13
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
SPY: 0.55
The chart of Martin ratio for RWM, currently valued at 0.43, compared to the broader market0.0020.0040.0060.00
RWM: 0.43
SPY: 2.26

The current RWM Sharpe Ratio is 0.16, which is lower than the SPY Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of RWM and SPY, 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-1.000.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.16
0.51
RWM
SPY

Dividends

RWM vs. SPY - Dividend Comparison

RWM's dividend yield for the trailing twelve months is around 4.78%, more than SPY's 1.30% yield.


TTM20242023202220212020201920182017201620152014
RWM
ProShares Short Russell2000
4.78%6.02%4.78%0.39%0.00%0.20%1.55%0.87%0.07%0.00%0.00%0.00%
SPY
SPDR S&P 500 ETF
1.30%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

RWM vs. SPY - Drawdown Comparison

The maximum RWM drawdown since its inception was -94.64%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RWM and SPY. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%NovemberDecember2025FebruaryMarchApril
-93.34%
-9.89%
RWM
SPY

Volatility

RWM vs. SPY - Volatility Comparison

The current volatility for ProShares Short Russell2000 (RWM) is 14.30%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that RWM experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%NovemberDecember2025FebruaryMarchApril
14.30%
15.12%
RWM
SPY