RWM · ProShares Short Russell2000
Issuer: ProShares
An inverse U.S. equity ETF seeking -1x the DAILY performance of the Russell 2000 Index of small-cap stocks, before fees and expenses. Exposure resets daily, so performance over multiple days can diverge substantially from the simple inverse of the index’s cumulative return. Compounding, market volatility and expenses make it principally a short-term bearish or hedging instrument rather than a long-term holding.
ETF · US ETF average
Long-term returns ★★☆☆☆☆☆☆☆☆ Five-year cumulative total return: about -15.1%.
Stability ★★★☆☆☆☆☆☆☆ Five-year maximum price drawdown near 51.2%.
Costs ★★★☆☆☆☆☆☆☆ Annual expense ratio is relatively high at about 1%.
Upside potential ★★★★☆☆☆☆☆☆ Best calendar year: 2022, up about 18.3%.
Liquidity ★★★★★★★★★☆ Daily dollar turnover is hundreds of millions.
Performance
1-month total return: -1%
1-year total return: -12%
5-year total return: -15%
Stability
1-month MDD: -5%
1-year MDD: -26%
5-year MDD: -51%