RWM vs TWM
ProShares Short Russell2000 vs ProShares UltraShort Russell2000
Which is better, RWM or TWM?
RWM has been ahead.
RWM led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | RWM | TWM |
|---|---|---|
| Expense Ratio | 0.95%Tie | 0.95%Tie |
| AUM | $142M | $67M |
| Dividend Yield | 3.31% | 3.84% |
| Holdings | 18 | 18 |
| YTD Return | -7.01%Best | -17.14% |
| 1Y Return | -6.94%Best | -18.30% |
| 3Y Return (annualized) | -12.57%Best | -29.33% |
| 5Y Return (annualized) | -3.96%Best | -14.78% |
| Volatility (annualized) | 20.8%Best | 39.0% |
| Max Drawdown | -96.9% | - |
| $10,000 over 5 years | $8,171Best | $4,495 |
| Fund Family | ProShares | ProShares |
| Category | Alternative | Alternative |
| Style | Trading-Inverse Equity | Trading-Inverse Equity |
| Inception | Jan 23, 2007 | Jan 23, 2007 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jan 25, 2007 to Oct 14, 2026 (19.7 years).
RWM vs TWM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 19.7 years both funds cover.
RWM vs TWM Performance
ProShares Short Russell2000 (RWM) is an ETF from ProShares and ProShares UltraShort Russell2000 (TWM) is an ETF from ProShares. Over the past year RWM returned -6.94% while TWM returned -18.30%. Year to date, RWM is down 7.01% versus a loss of 17.14% for TWM.
Over three years, RWM compounded at -12.57% per year against -29.33% for TWM; over five years the annualized figures are -3.96% and -14.78% respectively. Across the full 20-year window we track, RWM has the edge at -13.24% annualized vs -28.60%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TWM has been the more volatile fund, with annualized monthly volatility of 39.0% compared with 20.8% for RWM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
RWM charges 0.95% per year while TWM charges 0.95%. On a $10,000 position that is $95 vs $95 annually. On income, RWM currently yields 3.31% against 3.84% for TWM.
Holdings Overlap
We hold position weights for 1 holding in RWM and 1 in TWM, totalling 99.1% and 70.2% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 1 positions appear in both.
1 positions in common, counted across the 1 positions we hold weights for in RWM and 1 in TWM, against full books of 18 and 18.
Top Shared Holdings
| Stock | Weight in RWM | Weight in TWM | Difference |
|---|---|---|---|
| IQMMProshares Genius Mny Mkt Etf | 99.11% | 70.23% | 28.88% |
You are not choosing between two funds in isolation.
Whichever of RWM and TWM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, RWM or TWM?
RWM has an expense ratio of 0.95% while TWM charges 0.95%. At the precision these are quoted to, they cost the same.
Which performed better, RWM or TWM?
Over the past year RWM returned -6.94% vs -18.30% for TWM, so RWM leads on 1-year performance. Over the longest common window we track (20 years), RWM annualized -13.24% vs -28.60% for TWM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RWM or TWM?
TWM has been the more volatile fund at 39.0% annualized versus 20.8% for RWM.
Should I hold both RWM and TWM?
RWM and TWM have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, RWM or TWM?
RWM yields 3.31% while TWM yields 3.84%, so TWM currently pays the higher dividend yield.
Is TWM better than RWM?
RWM led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99. Which one suits a particular account depends on what it is for. This is information, not a recommendation.