UWM vs. IWR
Compare and contrast key facts about ProShares Ultra Russell2000 (UWM) and iShares Russell Midcap ETF (IWR).
UWM and IWR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. IWR is a passively managed fund by iShares that tracks the performance of the Russell Midcap Index. It was launched on Jul 17, 2001. Both UWM and IWR 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: UWM or IWR.
Key characteristics
| UWM | IWR | |
|---|---|---|
| YTD Return | 30.38% | 20.30% |
| 1Y Return | 86.09% | 38.81% |
| 3Y Return (Ann) | -8.61% | 4.43% |
| 5Y Return (Ann) | 7.20% | 11.65% |
| 10Y Return (Ann) | 8.93% | 10.14% |
| Sharpe Ratio | 1.86 | 2.76 |
| Sortino Ratio | 2.53 | 3.84 |
| Omega Ratio | 1.30 | 1.48 |
| Calmar Ratio | 1.35 | 2.05 |
| Martin Ratio | 9.78 | 16.40 |
| Ulcer Index | 8.18% | 2.28% |
| Daily Std Dev | 43.03% | 13.56% |
| Max Drawdown | -88.21% | -58.79% |
| Current Drawdown | -24.58% | 0.00% |
Correlation
The correlation between UWM and IWR 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
UWM vs. IWR - Performance Comparison
In the year-to-date period, UWM achieves a 30.38% return, which is significantly higher than IWR's 20.30% return. Over the past 10 years, UWM has underperformed IWR with an annualized return of 8.93%, while IWR has yielded a comparatively higher 10.14% 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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UWM vs. IWR - Expense Ratio Comparison
UWM has a 0.95% expense ratio, which is higher than IWR's 0.19% expense ratio.
Risk-Adjusted Performance
UWM vs. IWR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Russell2000 (UWM) and iShares Russell Midcap ETF (IWR). 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
UWM vs. IWR - Dividend Comparison
UWM's dividend yield for the trailing twelve months is around 0.85%, less than IWR's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UWM ProShares Ultra Russell2000 | 0.85% | 0.34% | 0.40% | 0.00% | 0.07% | 0.55% | 0.41% | 0.11% | 0.38% | 0.24% | 0.11% | 0.00% |
IWR iShares Russell Midcap ETF | 1.23% | 1.43% | 1.59% | 1.05% | 1.28% | 1.43% | 1.98% | 1.52% | 1.72% | 1.59% | 1.45% | 1.31% |
Drawdowns
UWM vs. IWR - Drawdown Comparison
The maximum UWM drawdown since its inception was -88.21%, which is greater than IWR's maximum drawdown of -58.79%. Use the drawdown chart below to compare losses from any high point for UWM and IWR. For additional features, visit the drawdowns tool.
Volatility
UWM vs. IWR - Volatility Comparison
ProShares Ultra Russell2000 (UWM) has a higher volatility of 14.09% compared to iShares Russell Midcap ETF (IWR) at 4.05%. This indicates that UWM's price experiences larger fluctuations and is considered to be riskier than IWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.