RWM vs. TQQQ
Compare and contrast key facts about ProShares Short Russell2000 (RWM) and ProShares UltraPro QQQ (TQQQ).
RWM and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RWM is a passively managed fund by ProShares that tracks the performance of the Russell 2000 (-100%). It was launched on Jan 23, 2007. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010. Both RWM and TQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RWM or TQQQ.
Key characteristics
| RWM | TQQQ | |
|---|---|---|
| YTD Return | -14.27% | 64.66% |
| 1Y Return | -27.69% | 105.67% |
| 3Y Return (Ann) | -1.18% | 1.05% |
| 5Y Return (Ann) | -13.34% | 35.97% |
| 10Y Return (Ann) | -11.25% | 35.78% |
| Sharpe Ratio | -1.32 | 2.30 |
| Sortino Ratio | -1.86 | 2.61 |
| Omega Ratio | 0.78 | 1.35 |
| Calmar Ratio | -0.30 | 2.23 |
| Martin Ratio | -1.73 | 9.63 |
| Ulcer Index | 16.47% | 12.40% |
| Daily Std Dev | 21.58% | 51.72% |
| Max Drawdown | -94.64% | -81.66% |
| Current Drawdown | -94.64% | -3.64% |
Correlation
The correlation between RWM and TQQQ is -0.74. 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.
Performance
RWM vs. TQQQ - Performance Comparison
In the year-to-date period, RWM achieves a -14.27% return, which is significantly lower than TQQQ's 64.66% return. Over the past 10 years, RWM has underperformed TQQQ with an annualized return of -11.25%, while TQQQ has yielded a comparatively higher 35.78% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RWM vs. TQQQ - Expense Ratio Comparison
Both RWM and TQQQ have an expense ratio of 0.95%.
Risk-Adjusted Performance
RWM vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short Russell2000 (RWM) and ProShares UltraPro QQQ (TQQQ). 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.
Dividends
RWM vs. TQQQ - Dividend Comparison
RWM's dividend yield for the trailing twelve months is around 6.81%, more than TQQQ's 1.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
RWM ProShares Short Russell2000 | 6.81% | 4.78% | 0.39% | 0.00% | 0.20% | 1.55% | 0.87% | 0.07% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.15% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
RWM vs. TQQQ - Drawdown Comparison
The maximum RWM drawdown since its inception was -94.64%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for RWM and TQQQ. For additional features, visit the drawdowns tool.
Volatility
RWM vs. TQQQ - Volatility Comparison
The current volatility for ProShares Short Russell2000 (RWM) is 7.37%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 15.48%. This indicates that RWM experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.