TWM vs. RWM
Compare and contrast key facts about ProShares UltraShort Russell2000 (TWM) and ProShares Short Russell2000 (RWM).
TWM and RWM 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. RWM is a passively managed fund by ProShares that tracks the performance of the Russell 2000 (-100%). It was launched on Jan 23, 2007. Both TWM and RWM 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 RWM.
Correlation
The correlation between TWM and RWM is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TWM vs. RWM - Performance Comparison
Key characteristics
TWM:
-0.48
RWM:
-0.26
TWM:
-0.46
RWM:
-0.24
TWM:
0.95
RWM:
0.97
TWM:
-0.19
RWM:
-0.06
TWM:
-0.88
RWM:
-0.53
TWM:
21.73%
RWM:
9.86%
TWM:
39.75%
RWM:
19.88%
TWM:
-99.92%
RWM:
-94.64%
TWM:
-99.90%
RWM:
-93.99%
Returns By Period
In the year-to-date period, TWM achieves a 3.44% return, which is significantly higher than RWM's 2.19% return. Over the past 10 years, TWM has underperformed RWM with an annualized return of -23.77%, while RWM has yielded a comparatively higher -9.63% annualized return.
TWM
3.44%
10.32%
1.52%
-18.49%
-27.70%
-23.77%
RWM
2.19%
5.39%
2.80%
-4.98%
-10.31%
-9.63%
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TWM vs. RWM - Expense Ratio Comparison
Both TWM and RWM have an expense ratio of 0.95%.
Risk-Adjusted Performance
TWM vs. RWM — Risk-Adjusted Performance Rank
TWM
RWM
TWM vs. RWM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Russell2000 (TWM) and ProShares Short Russell2000 (RWM). 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. RWM - Dividend Comparison
TWM's dividend yield for the trailing twelve months is around 6.01%, more than RWM's 5.90% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
TWM ProShares UltraShort Russell2000 | 6.01% | 6.21% | 3.36% | 0.17% | 0.00% | 0.08% | 1.07% | 0.47% | 0.01% |
RWM ProShares Short Russell2000 | 5.90% | 6.02% | 4.78% | 0.39% | 0.00% | 0.20% | 1.55% | 0.87% | 0.07% |
Drawdowns
TWM vs. RWM - Drawdown Comparison
The maximum TWM drawdown since its inception was -99.92%, which is greater than RWM's maximum drawdown of -94.64%. Use the drawdown chart below to compare losses from any high point for TWM and RWM. For additional features, visit the drawdowns tool.
Volatility
TWM vs. RWM - Volatility Comparison
ProShares UltraShort Russell2000 (TWM) has a higher volatility of 9.33% compared to ProShares Short Russell2000 (RWM) at 4.68%. This indicates that TWM's price experiences larger fluctuations and is considered to be riskier than RWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.