TWM vs. NTSD

Last updated Jun 25, 2026

TWM (ProShares UltraShort Russell2000) and NTSD (WisdomTree Efficient U.S. Plus International Equity Fund) are both Leveraged Equities funds. TWM is passively managed, while NTSD is actively managed. At a correlation of -0.85, they often move in opposite directions. TWM charges 0.95%/yr vs 0.35%/yr for NTSD.

Performance

TWM vs. NTSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Russell2000 (TWM) and WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TWM

• 1D: -1.99%
• 1M: -9.52%
• YTD: -33.44%
• 6M: -29.75%
• 1Y: -50.14%
• 3Y*: -31.40%
• 5Y*: -17.67%
• 10Y*: -28.63%

NTSD

• 1D: -0.36%
• 1M: -0.93%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TWM vs. NTSD - Yearly Performance Comparison

	2026 (YTD)
TWM ProShares UltraShort Russell2000	-33.04%
NTSD WisdomTree Efficient U.S. Plus International Equity Fund	15.28%

Correlation

The correlation between TWM and NTSD is -0.85, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 19, 2026	-0.85

Return for Risk

TWM vs. NTSD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TWM

TWM Risk / Return Rank: 0
TWM Sharpe Ratio Rank: 0
TWM Sortino Ratio Rank: 0
TWM Omega Ratio Rank: 1
TWM Calmar Ratio Rank: 0
TWM Martin Ratio Rank: 1

NTSD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TWM vs. NTSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Russell2000 (TWM) and WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	TWM	NTSD	Difference
Sharpe ratio: Return per unit of total volatility	-1.28	—	—
Sortino ratio: Return per unit of downside risk	-2.06	—	—
Omega ratio: Gain probability vs. loss probability	0.78	—	—
Calmar ratio: Return relative to maximum drawdown	-0.98	—	—
Martin ratio: Return relative to average drawdown	-1.63	—	—

Drawdowns

TWM vs. NTSD - Drawdown Comparison

The maximum TWM drawdown since its inception was -99.94%, which is greater than NTSD's maximum drawdown of -5.58%. Use the drawdown chart below to compare losses from any high point for TWM and NTSD.

Drawdown Indicators

	TWM	NTSD	Difference
Max Drawdown Largest peak-to-trough decline	-99.94%	-5.58%	-94.36%
Max Drawdown (1Y) Largest decline over 1 year	-51.17%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-74.08%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-76.45%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-96.79%	—	—
Current Drawdown Current decline from peak	-99.94%	-3.31%	-96.63%
Average Drawdown Average peak-to-trough decline	-87.29%	-1.12%	-86.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.83%	—	—

Volatility

Volatility by Period

	TWM	NTSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.25%	—	—
Volatility (6M) Calculated over the trailing 6-month period	28.81%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	39.39%	24.95%	+14.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.24%	24.95%	+20.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.83%	24.95%	+20.88%

TWM vs. NTSD - Expense Ratio Comparison

TWM has a 0.95% expense ratio, which is higher than NTSD's 0.35% expense ratio.

Dividends

TWM vs. NTSD - Dividend Comparison

TWM's dividend yield for the trailing twelve months is around 6.81%, while NTSD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
NTSD WisdomTree Efficient U.S. Plus International Equity Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TWM ProShares UltraShort Russell2000	6.81%	5.36%	6.21%	4.72%	0.17%	0.00%	0.41%	1.49%	0.73%	0.05%

Frequently Asked Questions

Can I hold both TWM and NTSD in my portfolio?

TWM and NTSD have a correlation of -0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TWM or NTSD?

On fees, NTSD is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TWM or NTSD?

NTSD is cheaper with a 0.35% expense ratio, compared with 0.95% for TWM.

Which ETF pays a higher dividend yield, TWM or NTSD?

TWM has the higher dividend yield at 6.81%, compared with 0.00% for NTSD.

What is the main difference between TWM and NTSD?

They also come from different issuers: ProShares and WisdomTree. Their fees differ too: 0.95% for TWM and 0.35% for NTSD.