TWM vs. TSYX
TWM (ProShares UltraShort Russell2000) and TSYX (TSPY Lift ETF) are both Leveraged Equities funds. TWM is passively managed, while TSYX is actively managed. At a correlation of -0.79, they often move in opposite directions. TWM charges 0.95%/yr vs 0.98%/yr for TSYX.
Performance
TWM vs. TSYX - Performance Comparison
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Returns By Period
TWM
- 1D
- 1.98%
- 1M
- -7.68%
- YTD
- -32.09%
- 6M
- -28.69%
- 1Y
- -50.37%
- 3Y*
- -30.94%
- 5Y*
- -17.34%
- 10Y*
- -28.49%
TSYX
- 1D
- -1.51%
- 1M
- -2.07%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TWM vs. TSYX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TWM ProShares UltraShort Russell2000 | -26.46% |
TSYX TSPY Lift ETF | 3.58% |
Correlation
The correlation between TWM and TSYX is -0.79, 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 Jan 7, 2026 | -0.79 |
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Return for Risk
TWM vs. TSYX — Risk / Return Rank
TWM
TSYX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TWM vs. TSYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Russell2000 (TWM) and TSPY Lift ETF (TSYX). 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 | TSYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.78 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | — | — |
| Martin ratioReturn relative to average drawdown | -1.64 | — | — |
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Drawdowns
TWM vs. TSYX - Drawdown Comparison
The maximum TWM drawdown since its inception was -99.94%, which is greater than TSYX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for TWM and TSYX.
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Drawdown Indicators
| TWM | TSYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.94% | -13.39% | -86.55% |
Max Drawdown (1Y)Largest decline over 1 year | -51.15% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -74.07% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -76.44% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -96.79% | — | — |
Current DrawdownCurrent decline from peak | -99.93% | -4.13% | -95.80% |
Average DrawdownAverage peak-to-trough decline | -87.29% | -2.98% | -84.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.89% | — | — |
Volatility
TWM vs. TSYX - Volatility Comparison
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Volatility by Period
| TWM | TSYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.21% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 28.79% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 39.41% | 19.14% | +20.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.25% | 19.14% | +26.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.84% | 19.14% | +26.70% |
TWM vs. TSYX - Expense Ratio Comparison
TWM has a 0.95% expense ratio, which is lower than TSYX's 0.98% expense ratio.
Dividends
TWM vs. TSYX - Dividend Comparison
TWM's dividend yield for the trailing twelve months is around 6.67%, less than TSYX's 7.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
TSYX TSPY Lift ETF | 7.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TWM ProShares UltraShort Russell2000 | 6.67% | 5.36% | 6.21% | 4.72% | 0.17% | 0.00% | 0.41% | 1.49% | 0.73% | 0.05% |
Frequently Asked Questions
TWM and TSYX have a correlation of -0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TWM is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TWM is cheaper with a 0.95% expense ratio, compared with 0.98% for TSYX.
TSYX has the higher dividend yield at 7.25%, compared with 6.67% for TWM.
They also come from different issuers: ProShares and TappAlpha. Their fees differ too: 0.95% for TWM and 0.98% for TSYX.
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