TWM vs. IWM
Compare and contrast key facts about ProShares UltraShort Russell2000 (TWM) and iShares Russell 2000 ETF (IWM).
TWM and IWM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TWM is a passively managed fund by ProShares that tracks the performance of the Russell 2000 (-200%). It was launched on Jan 23, 2007. IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 Index. It was launched on May 22, 2000. Both TWM and IWM 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: TWM or IWM.
Correlation
The correlation between TWM and IWM 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. IWM - Performance Comparison
Key characteristics
TWM:
-0.07
IWM:
-0.05
TWM:
0.24
IWM:
0.10
TWM:
1.03
IWM:
1.01
TWM:
-0.04
IWM:
-0.04
TWM:
-0.17
IWM:
-0.13
TWM:
20.41%
IWM:
8.67%
TWM:
48.31%
IWM:
24.06%
TWM:
-99.90%
IWM:
-59.05%
TWM:
-99.85%
IWM:
-19.50%
Returns By Period
In the year-to-date period, TWM achieves a 22.99% return, which is significantly higher than IWM's -11.95% return. Over the past 10 years, TWM has underperformed IWM with an annualized return of -22.00%, while IWM has yielded a comparatively higher 6.01% annualized return.
TWM
22.99%
5.98%
19.02%
-3.80%
-27.33%
-22.00%
IWM
-11.95%
-5.13%
-10.85%
-1.02%
10.22%
6.01%
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TWM vs. IWM - Expense Ratio Comparison
TWM has a 0.95% expense ratio, which is higher than IWM's 0.19% expense ratio.
Risk-Adjusted Performance
TWM vs. IWM — Risk-Adjusted Performance Rank
TWM
IWM
TWM vs. IWM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Russell2000 (TWM) and iShares Russell 2000 ETF (IWM). 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
TWM vs. IWM - Dividend Comparison
TWM's dividend yield for the trailing twelve months is around 5.07%, more than IWM's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TWM ProShares UltraShort Russell2000 | 5.07% | 6.21% | 4.72% | 0.17% | 0.00% | 0.41% | 1.48% | 0.73% | 0.05% | 0.00% | 0.00% | 0.00% |
IWM iShares Russell 2000 ETF | 1.27% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% | 1.26% |
Drawdowns
TWM vs. IWM - Drawdown Comparison
The maximum TWM drawdown since its inception was -99.90%, which is greater than IWM's maximum drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for TWM and IWM. For additional features, visit the drawdowns tool.
Volatility
TWM vs. IWM - Volatility Comparison
ProShares UltraShort Russell2000 (TWM) has a higher volatility of 28.82% compared to iShares Russell 2000 ETF (IWM) at 13.94%. This indicates that TWM's price experiences larger fluctuations and is considered to be riskier than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.