URTY vs. UWM
Compare and contrast key facts about ProShares UltraPro Russell2000 (URTY) and ProShares Ultra Russell2000 (UWM).
URTY and UWM 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. UWM is a passively managed fund by ProShares that tracks the performance of the Russell 2000 Index (200%). It was launched on Jan 25, 2007. Both URTY and UWM 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 UWM.
Performance
URTY vs. UWM - Performance Comparison
Returns By Period
In the year-to-date period, URTY achieves a 30.50% return, which is significantly higher than UWM's 26.17% return. Over the past 10 years, URTY has underperformed UWM with an annualized return of 3.17%, while UWM has yielded a comparatively higher 8.47% annualized return.
URTY
30.50%
16.07%
37.38%
83.66%
-3.77%
3.17%
UWM
26.17%
11.23%
27.75%
59.60%
6.75%
8.47%
Key characteristics
| URTY | UWM | |
|---|---|---|
| Sharpe Ratio | 1.39 | 1.47 |
| Sortino Ratio | 2.02 | 2.09 |
| Omega Ratio | 1.24 | 1.25 |
| Calmar Ratio | 1.16 | 1.13 |
| Martin Ratio | 6.71 | 7.40 |
| Ulcer Index | 12.97% | 8.30% |
| Daily Std Dev | 62.67% | 41.84% |
| Max Drawdown | -88.09% | -88.21% |
| Current Drawdown | -54.21% | -27.02% |
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URTY vs. UWM - Expense Ratio Comparison
Both URTY and UWM have an expense ratio of 0.95%.
Correlation
The correlation between URTY and UWM is 1.00, 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.
Risk-Adjusted Performance
URTY vs. UWM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Russell2000 (URTY) and ProShares Ultra Russell2000 (UWM). 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. UWM - Dividend Comparison
URTY's dividend yield for the trailing twelve months is around 0.68%, less than UWM's 0.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
URTY ProShares UltraPro Russell2000 | 0.68% | 0.55% | 0.28% | 0.00% | 0.00% | 0.18% | 0.27% | 0.00% | 0.03% | 0.00% | 0.00% |
UWM ProShares Ultra Russell2000 | 0.87% | 0.34% | 0.40% | 0.00% | 0.07% | 0.55% | 0.41% | 0.11% | 0.38% | 0.24% | 0.11% |
Drawdowns
URTY vs. UWM - Drawdown Comparison
The maximum URTY drawdown since its inception was -88.09%, roughly equal to the maximum UWM drawdown of -88.21%. Use the drawdown chart below to compare losses from any high point for URTY and UWM. For additional features, visit the drawdowns tool.
Volatility
URTY vs. UWM - Volatility Comparison
ProShares UltraPro Russell2000 (URTY) has a higher volatility of 21.95% compared to ProShares Ultra Russell2000 (UWM) at 14.81%. This indicates that URTY's price experiences larger fluctuations and is considered to be riskier than UWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.