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UYM vs. RWJ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UYM vs. RWJ

Last updated Jun 13, 2026

UYM (ProShares Ultra Basic Materials) and RWJ (Invesco S&P SmallCap 600 Revenue ETF) are both exchange-traded funds - UYM is a Leveraged Equities fund tracking the Dow Jones U.S. Basic Materials Index (200%), while RWJ is a Small Cap Value Equities fund tracking the S&P SmallCap 600 Revenue-Weighted Index. Both are passively managed. Over the past 10 years, UYM returned 12.48%/yr vs 13.64%/yr for RWJ. A 0.73 correlation means they provide meaningful diversification when combined. UYM charges 0.95%/yr vs 0.39%/yr for RWJ.

Performance

UYM vs. RWJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Basic Materials (UYM) and Invesco S&P SmallCap 600 Revenue ETF (RWJ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, UYM achieves a 27.95% return, which is significantly higher than RWJ's 21.05% return. Over the past 10 years, UYM has underperformed RWJ with an annualized return of 12.48%, while RWJ has yielded a comparatively higher 13.64% annualized return.

UYM

1D
3.74%
1M
1.10%
YTD
27.95%
6M
30.38%
1Y
36.06%
3Y*
11.85%
5Y*
4.60%
10Y*
12.48%

RWJ

1D
1.08%
1M
7.83%
YTD
21.05%
6M
17.99%
1Y
42.98%
3Y*
17.13%
5Y*
8.52%
10Y*
13.64%
*Multi-year figures are annualized to reflect compound growth (CAGR)

UYM vs. RWJ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
UYM
ProShares Ultra Basic Materials		27.95%9.46%-8.00%17.47%-23.10%54.58%16.56%35.09%-35.68%51.51%
RWJ
Invesco S&P SmallCap 600 Revenue ETF		21.05%7.75%11.81%16.21%-10.97%52.82%20.83%20.29%-16.95%5.30%

Correlation

The correlation between UYM and RWJ is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.71

Correlation (3Y)
Calculated over the trailing 3-year period

0.72

Correlation (5Y)
Calculated over the trailing 5-year period

0.75

Correlation (10Y)
Calculated over the trailing 10-year period

0.73

Correlation (All Time)
Calculated using the full available price history since Feb 22, 2008

0.73

The correlation between UYM and RWJ has been stable across timeframes, ranging from 0.71 to 0.75 - a consistent structural relationship.

UYM vs. RWJ - Sectors Allocation Comparison

Sectors
UYM
RWJ

Basic Materials

87.6%
5.2%

Consumer Cyclical

12.4%
23.9%

Industrials

1.1%
16.2%

Communication Services

-

3.3%

Consumer Defensive

-

6.9%

Energy

-

7.4%

Financial Services

-

11.0%

Healthcare

-

11.2%

Real Estate

-

4.0%

Technology

-

9.9%

Utilities

-

0.9%

Basic Materials

UYM
87.6%
RWJ
5.2%

Consumer Cyclical

UYM
12.4%
RWJ
23.9%

Industrials

UYM
1.1%
RWJ
16.2%

Communication Services

UYM

-

RWJ
3.3%

Consumer Defensive

UYM

-

RWJ
6.9%

Energy

UYM

-

RWJ
7.4%

Financial Services

UYM

-

RWJ
11.0%

Healthcare

UYM

-

RWJ
11.2%

Real Estate

UYM

-

RWJ
4.0%

Technology

UYM

-

RWJ
9.9%

Utilities

UYM

-

RWJ
0.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ProShares Ultra Basic Materials

Invesco S&P SmallCap 600 Revenue ETF

Often compared with UYM:
UYM vs. FXZUYM vs. TQQQUYM vs. QLDUYM vs. PYZUYM vs. XLBUYM vs. QQQUYM vs. UXI
Often compared with RWJ:
RWJ vs. AVUVXRWJ vs. XSVMRWJ vs. RZVRWJ vs. RWKRWJ vs. CALFRWJ vs. RFVRWJ vs. FSMD

Return for Risk

UYM vs. RWJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UYM
UYM Risk / Return Rank: 2929
Overall Rank
UYM Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
UYM Sortino Ratio Rank: 3030
Sortino Ratio Rank
UYM Omega Ratio Rank: 2828
Omega Ratio Rank
UYM Calmar Ratio Rank: 3131
Calmar Ratio Rank
UYM Martin Ratio Rank: 2929
Martin Ratio Rank
RWJ
RWJ Risk / Return Rank: 7474
Overall Rank
RWJ Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
RWJ Sortino Ratio Rank: 7777
Sortino Ratio Rank
RWJ Omega Ratio Rank: 6969
Omega Ratio Rank
RWJ Calmar Ratio Rank: 7878
Calmar Ratio Rank
RWJ Martin Ratio Rank: 7171
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UYM vs. RWJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Basic Materials (UYM) 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.

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.

UYMRWJDifference
Sharpe ratioReturn per unit of total volatility
0.94
2.07

-1.13

Sortino ratioReturn per unit of downside risk
1.47
2.95

-1.49

Omega ratioGain probability vs. loss probability

1.17

1.35

-0.18

Calmar ratioReturn relative to maximum drawdown

1.38

3.56

-2.18

Martin ratioReturn relative to average drawdown

3.67

11.43

-7.76

UYM vs. RWJ - Sharpe Ratio Comparison

The current UYM Sharpe Ratio is 0.94, which is lower than the RWJ Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of UYM and RWJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

UYM vs. RWJ - Drawdown Comparison

The maximum UYM drawdown since its inception was -92.77%, which is greater than RWJ's maximum drawdown of -55.97%. Use the drawdown chart below to compare losses from any high point for UYM and RWJ.

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Drawdown Indicators

UYMRWJDifference

Max Drawdown

Largest peak-to-trough decline

-92.77%

-55.97%

-36.80%

Max Drawdown (1Y)

Largest decline over 1 year

-23.85%

-11.31%

-12.54%

Max Drawdown (3Y)

Largest decline over 3 years

-43.88%

-29.29%

-14.59%

Max Drawdown (5Y)

Largest decline over 5 years

-48.25%

-29.29%

-18.96%

Max Drawdown (10Y)

Largest decline over 10 years

-73.31%

-51.33%

-21.98%

Current Drawdown

Current decline from peak

-7.32%

0.00%

-7.32%

Average Drawdown

Average peak-to-trough decline

-42.06%

-9.22%

-32.84%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.95%

3.52%

+5.43%

Volatility

UYM vs. RWJ - Volatility Comparison

ProShares Ultra Basic Materials (UYM) has a higher volatility of 14.01% compared to Invesco S&P SmallCap 600 Revenue ETF (RWJ) at 4.67%. This indicates that UYM'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.

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Volatility by Period

UYMRWJDifference

Volatility (1M)

Calculated over the trailing 1-month period

14.01%

4.67%

+9.34%

Volatility (6M)

Calculated over the trailing 6-month period

27.29%

12.46%

+14.83%

Volatility (1Y)

Calculated over the trailing 1-year period

35.09%

19.48%

+15.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

39.49%

23.71%

+15.78%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

42.86%

26.14%

+16.72%

UYM vs. RWJ - Expense Ratio Comparison

UYM has a 0.95% expense ratio, which is higher than RWJ's 0.39% expense ratio.

Dividends

UYM vs. RWJ - Dividend Comparison

UYM's dividend yield for the trailing twelve months is around 1.19%, more than RWJ's 0.97% yield.

PositionTTM20252024202320222021202020192018201720162015
RWJ
Invesco S&P SmallCap 600 Revenue ETF		0.97%1.11%1.15%1.34%1.02%0.61%0.89%1.22%1.44%1.11%0.60%0.74%
UYM
ProShares Ultra Basic Materials		1.19%1.47%0.98%0.28%0.88%0.52%0.56%1.24%0.94%0.38%0.55%0.42%

Frequently Asked Questions

UYM and RWJ have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

UYM has higher volatility (14.01%) compared to RWJ (4.67%). In terms of maximum drawdown, UYM dropped -92.77% vs RWJ's -55.97%.

On 10-year performance, RWJ leads with 13.64% vs 12.48% for UYM. On fees, RWJ is cheaper at 0.39% per year. On volatility, RWJ has been the lower-risk option at 4.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, RWJ has performed better with a 13.64% return vs 12.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

RWJ is cheaper with a 0.39% expense ratio, compared with 0.95% for UYM.

UYM has the higher dividend yield at 1.19%, compared with 0.97% for RWJ.

UYM is categorized as Leveraged Equities, while RWJ is Small Cap Value Equities. UYM tracks Dow Jones U.S. Basic Materials Index (200%), while RWJ tracks S&P SmallCap 600 Revenue-Weighted Index. They also come from different issuers: ProShares and Invesco. Their fees differ too: 0.95% for UYM and 0.39% for RWJ.

RWJ currently has the higher Sharpe Ratio (2.07 vs 0.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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