Skip to Content
ETFs

ProShares UltraShort Russell2000

TWM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 23 2007
Expense Ratio
0.95%
Type
US Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$26,419,101
AUM
$123,744,286
Associated Index
Russell 2000 Index
Inverse/Leveraged
Inverse (-2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Derivatives offset
199.95%
n/a
Net Other Assets (Liabilities)
79.91%
n/a
TREASURY BILL
20.09%
Invest with TWM

What is TWM?

ProShares UltraShort Russell2000 seeks daily investment results before fees and expenses that correspond to twice (200%) the inverse (opposite) of the daily performance of the Russell 2000 Index.

ETFs related toTWM

ETFs correlated to TWM include TZA, SRTY, RWM

TWM
ProShares Trust - ProShares UltraShort Russell2000 -2x Shares
TZA
Direxion Shares ETF Trust - Direxion Daily Small Cap Bear 3X Shares
SRTY
ProShares Trust - ProShares UltraPro Short Russell2000 -3x Shares
RWM
ProShares Trust - ProShares Short Russell2000 -1x Shares
HIBS
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bear 3X Shares
HDGE
Advisorshares Trust - Ranger Equity Bear -1x Shares
SDS
ProShares Trust - ProShares UltraShort S&P500 -2x Shares
SH
ProShares Trust - ProShares Short S&P500 -1x Shares
SPXU
ProShares Trust - ProShares UltraPro Short S&P 500
SPXS
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear -3X Shares
SPDN
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toTWM

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with TWM using Composer

FAQ

TWM is a US Equities ETF. ProShares UltraShort Russell2000 seeks daily investment results before fees and expenses that correspond to twice (200%) the inverse (opposite) of the daily performance of the Russell 2000 Index.

TWM tracks the Russell 2000 Index.

No, TWM is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, TWM is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on TWM is 0.0725%. This is the percent change in the value of TWM over the most recent 1-month period. The 3-month return on TWM is 0.051%. This is the percent change in the value of TWM over the most recent 3-month period.

The standard deviation of TWM for the past year is 0.4356%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to TWM include KJUL, KOCT, and KAPR.

ETFs correlated to TWM include TZA, SRTY, and RWM.

ETFs that are inversely correlated to TWM include TNA, VTWO, and IWM.

Yes, TWM is a Inverse (-2x) ETF: This means that TWM will try to match the performance of Russell 2000 Index, but with 2x the returns.

Yes, TWM is a Inverse (-2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of Russell 2000 Index, but move 2x in the opposite direction.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.