UWM vs. RYRRX
Compare and contrast key facts about ProShares Ultra Russell2000 (UWM) and Rydex Russell 2000 Fund (RYRRX).
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. RYRRX is managed by Rydex Funds. It was launched on May 31, 2006.
Performance
UWM vs. RYRRX - Performance Comparison
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UWM vs. RYRRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UWM ProShares Ultra Russell2000 | -0.59% | 13.59% | 11.32% | 22.62% | -43.69% | 23.91% | 16.57% | 48.62% | -25.89% | 26.92% |
RYRRX Rydex Russell 2000 Fund | -3.06% | 10.88% | 9.72% | 15.17% | -21.70% | 13.23% | 17.81% | 23.57% | -12.58% | 12.88% |
Returns By Period
In the year-to-date period, UWM achieves a -0.59% return, which is significantly higher than RYRRX's -3.06% return. Over the past 10 years, UWM has outperformed RYRRX with an annualized return of 9.88%, while RYRRX has yielded a comparatively lower 7.67% annualized return.
UWM
- 1D
- 7.02%
- 1M
- -10.65%
- YTD
- -0.59%
- 6M
- 1.22%
- 1Y
- 40.99%
- 3Y*
- 14.68%
- 5Y*
- -3.44%
- 10Y*
- 9.88%
RYRRX
- 1D
- -1.44%
- 1M
- -8.36%
- YTD
- -3.06%
- 6M
- -1.42%
- 1Y
- 19.27%
- 3Y*
- 9.87%
- 5Y*
- 1.40%
- 10Y*
- 7.67%
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UWM vs. RYRRX - Expense Ratio Comparison
UWM has a 0.95% expense ratio, which is lower than RYRRX's 1.60% expense ratio.
Return for Risk
UWM vs. RYRRX — Risk / Return Rank
UWM
RYRRX
UWM vs. RYRRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Russell2000 (UWM) and Rydex Russell 2000 Fund (RYRRX). 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.
| UWM | RYRRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.89 | 0.81 | +0.08 |
Sortino ratioReturn per unit of downside risk | 1.46 | 1.28 | +0.18 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.16 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.50 | 1.17 | +0.34 |
Martin ratioReturn relative to average drawdown | 5.12 | 4.30 | +0.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UWM | RYRRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 0.81 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.06 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.33 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.23 | -0.11 |
Correlation
The correlation between UWM and RYRRX is 0.99, 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.
Dividends
UWM vs. RYRRX - Dividend Comparison
UWM's dividend yield for the trailing twelve months is around 1.04%, more than RYRRX's 0.67% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UWM ProShares Ultra Russell2000 | 1.04% | 1.05% | 1.16% | 0.34% | 0.40% | 0.00% | 0.07% | 0.55% | 0.41% | 0.11% | 0.27% | 0.23% |
RYRRX Rydex Russell 2000 Fund | 0.67% | 0.65% | 1.02% | 0.19% | 0.00% | 12.84% | 0.00% | 1.46% | 0.00% | 4.82% | 0.00% | 2.66% |
Drawdowns
UWM vs. RYRRX - Drawdown Comparison
The maximum UWM drawdown since its inception was -88.21%, which is greater than RYRRX's maximum drawdown of -60.36%. Use the drawdown chart below to compare losses from any high point for UWM and RYRRX.
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Drawdown Indicators
| UWM | RYRRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.21% | -60.36% | -27.85% |
Max Drawdown (1Y)Largest decline over 1 year | -26.48% | -13.91% | -12.57% |
Max Drawdown (5Y)Largest decline over 5 years | -61.62% | -33.02% | -28.60% |
Max Drawdown (10Y)Largest decline over 10 years | -71.46% | -42.84% | -28.62% |
Current DrawdownCurrent decline from peak | -27.29% | -11.43% | -15.86% |
Average DrawdownAverage peak-to-trough decline | -31.07% | -12.32% | -18.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.76% | 3.77% | +3.99% |
Volatility
UWM vs. RYRRX - Volatility Comparison
ProShares Ultra Russell2000 (UWM) has a higher volatility of 14.81% compared to Rydex Russell 2000 Fund (RYRRX) at 6.57%. This indicates that UWM's price experiences larger fluctuations and is considered to be riskier than RYRRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UWM | RYRRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.81% | 6.57% | +8.24% |
Volatility (6M)Calculated over the trailing 6-month period | 28.72% | 14.07% | +14.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.23% | 23.09% | +23.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.05% | 22.54% | +22.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.00% | 23.38% | +22.62% |