URTY vs. RWJ
Compare and contrast key facts about ProShares UltraPro Russell2000 (URTY) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).
URTY and RWJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. URTY is a passively managed fund by ProShares that tracks the performance of the Russell 2000 Index (300%). It was launched on Feb 9, 2010. RWJ is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Revenue-Weighted Index. It was launched on Feb 22, 2008. Both URTY and RWJ 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: URTY or RWJ.
Key characteristics
| URTY | RWJ | |
|---|---|---|
| YTD Return | 37.65% | 16.91% |
| 1Y Return | 130.59% | 40.80% |
| 3Y Return (Ann) | -21.12% | 4.78% |
| 5Y Return (Ann) | -3.11% | 17.89% |
| 10Y Return (Ann) | 3.86% | 11.17% |
| Sharpe Ratio | 1.85 | 1.71 |
| Sortino Ratio | 2.45 | 2.54 |
| Omega Ratio | 1.29 | 1.30 |
| Calmar Ratio | 1.51 | 2.09 |
| Martin Ratio | 9.33 | 9.73 |
| Ulcer Index | 12.80% | 3.97% |
| Daily Std Dev | 64.45% | 22.57% |
| Max Drawdown | -88.09% | -55.97% |
| Current Drawdown | -51.70% | -0.68% |
Correlation
The correlation between URTY and RWJ is 0.93, 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
URTY vs. RWJ - Performance Comparison
In the year-to-date period, URTY achieves a 37.65% return, which is significantly higher than RWJ's 16.91% return. Over the past 10 years, URTY has underperformed RWJ with an annualized return of 3.86%, while RWJ has yielded a comparatively higher 11.17% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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URTY vs. RWJ - Expense Ratio Comparison
URTY has a 0.95% expense ratio, which is higher than RWJ's 0.39% expense ratio.
Risk-Adjusted Performance
URTY vs. RWJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Russell2000 (URTY) and Invesco S&P SmallCap 600 Revenue ETF (RWJ). 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
URTY vs. RWJ - Dividend Comparison
URTY's dividend yield for the trailing twelve months is around 0.65%, less than RWJ's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
URTY ProShares UltraPro Russell2000 | 0.65% | 0.55% | 0.28% | 0.00% | 0.00% | 0.18% | 0.27% | 0.00% | 0.03% | 0.00% | 0.00% | 0.00% |
RWJ Invesco S&P SmallCap 600 Revenue ETF | 1.21% | 1.34% | 1.02% | 0.61% | 0.89% | 1.22% | 1.44% | 0.91% | 0.60% | 0.74% | 0.57% | 1.27% |
Drawdowns
URTY vs. RWJ - Drawdown Comparison
The maximum URTY drawdown since its inception was -88.09%, which is greater than RWJ's maximum drawdown of -55.97%. Use the drawdown chart below to compare losses from any high point for URTY and RWJ. For additional features, visit the drawdowns tool.
Volatility
URTY vs. RWJ - Volatility Comparison
ProShares UltraPro Russell2000 (URTY) has a higher volatility of 20.88% compared to Invesco S&P SmallCap 600 Revenue ETF (RWJ) at 7.66%. This indicates that URTY's price experiences larger fluctuations and is considered to be riskier than RWJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.