TWM vs. TBT
Compare and contrast key facts about ProShares UltraShort Russell2000 (TWM) and ProShares UltraShort 20+ Year Treasury (TBT).
TWM and TBT 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. TBT is a passively managed fund by ProShares that tracks the performance of the U.S. Treasury 20+ Year Index (-200%). It was launched on May 1, 2008. Both TWM and TBT 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 TBT.
Correlation
The correlation between TWM and TBT is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
TWM vs. TBT - Performance Comparison
Key characteristics
TWM:
-0.07
TBT:
-0.04
TWM:
0.24
TBT:
0.15
TWM:
1.03
TBT:
1.02
TWM:
-0.04
TBT:
-0.01
TWM:
-0.17
TBT:
-0.10
TWM:
20.41%
TBT:
12.26%
TWM:
48.31%
TBT:
28.53%
TWM:
-99.90%
TBT:
-94.99%
TWM:
-99.85%
TBT:
-86.38%
Returns By Period
In the year-to-date period, TWM achieves a 22.99% return, which is significantly higher than TBT's -3.66% return. Over the past 10 years, TWM has underperformed TBT with an annualized return of -22.33%, while TBT has yielded a comparatively higher -0.97% annualized return.
TWM
22.99%
1.71%
19.02%
-3.80%
-26.89%
-22.33%
TBT
-3.66%
2.22%
5.67%
-3.03%
20.92%
-0.97%
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TWM vs. TBT - Expense Ratio Comparison
TWM has a 0.95% expense ratio, which is higher than TBT's 0.92% expense ratio.
Risk-Adjusted Performance
TWM vs. TBT — Risk-Adjusted Performance Rank
TWM
TBT
TWM vs. TBT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Russell2000 (TWM) and ProShares UltraShort 20+ Year Treasury (TBT). 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. TBT - Dividend Comparison
TWM's dividend yield for the trailing twelve months is around 5.07%, more than TBT's 4.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
TWM ProShares UltraShort Russell2000 | 5.07% | 6.21% | 4.72% | 0.17% | 0.00% | 0.41% | 1.49% | 0.73% | 0.05% |
TBT ProShares UltraShort 20+ Year Treasury | 4.55% | 4.64% | 4.98% | 0.42% | 0.00% | 0.32% | 2.12% | 0.99% | 0.00% |
Drawdowns
TWM vs. TBT - Drawdown Comparison
The maximum TWM drawdown since its inception was -99.90%, which is greater than TBT's maximum drawdown of -94.99%. Use the drawdown chart below to compare losses from any high point for TWM and TBT. For additional features, visit the drawdowns tool.
Volatility
TWM vs. TBT - Volatility Comparison
ProShares UltraShort Russell2000 (TWM) has a higher volatility of 28.82% compared to ProShares UltraShort 20+ Year Treasury (TBT) at 11.40%. This indicates that TWM's price experiences larger fluctuations and is considered to be riskier than TBT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.