TWM vs. ^VIX
Compare and contrast key facts about ProShares UltraShort Russell2000 (TWM) and CBOE Volatility Index (^VIX).
TWM is a passively managed fund by ProShares that tracks the performance of the Russell 2000 (-200%). It was launched on Jan 23, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TWM or ^VIX.
Correlation
The correlation between TWM and ^VIX 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.
Performance
TWM vs. ^VIX - Performance Comparison
Key characteristics
TWM:
-0.07
^VIX:
0.52
TWM:
0.24
^VIX:
2.23
TWM:
1.03
^VIX:
1.27
TWM:
-0.04
^VIX:
1.06
TWM:
-0.17
^VIX:
1.98
TWM:
20.41%
^VIX:
46.00%
TWM:
48.31%
^VIX:
171.33%
TWM:
-99.90%
^VIX:
-88.70%
TWM:
-99.85%
^VIX:
-69.96%
Returns By Period
In the year-to-date period, TWM achieves a 22.99% return, which is significantly lower than ^VIX's 43.17% return. Over the past 10 years, TWM has underperformed ^VIX with an annualized return of -22.33%, while ^VIX has yielded a comparatively higher 5.31% annualized return.
TWM
22.99%
1.71%
19.02%
-3.80%
-26.89%
-22.33%
^VIX
43.17%
14.73%
22.18%
65.27%
-5.66%
5.31%
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Risk-Adjusted Performance
TWM vs. ^VIX — Risk-Adjusted Performance Rank
TWM
^VIX
TWM vs. ^VIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Russell2000 (TWM) and CBOE Volatility Index (^VIX). 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.
Drawdowns
TWM vs. ^VIX - Drawdown Comparison
The maximum TWM drawdown since its inception was -99.90%, which is greater than ^VIX's maximum drawdown of -88.70%. Use the drawdown chart below to compare losses from any high point for TWM and ^VIX. For additional features, visit the drawdowns tool.
Volatility
TWM vs. ^VIX - Volatility Comparison
The current volatility for ProShares UltraShort Russell2000 (TWM) is 28.82%, while CBOE Volatility Index (^VIX) has a volatility of 82.50%. This indicates that TWM experiences smaller price fluctuations and is considered to be less risky than ^VIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.