RWMProShares Short Russell2000
RWM Fund Description
RWM provides inverse exposure to a market-cap-weighted index of US small-cap companies.
RWM Factset Analytics Insight
RWM provides a 1-day bet against the Russell 2000's index of 2,000 small-cap firms that attracts enough daily liquidity to make it a viable trading tool. It uses both ETF and index swaps to achieve its inverse exposure. As with most leveraged and inverse products, RWM is designed to provide its -1x exposure for one trading day, and anyone holding it for longer than a day will be exposed to the effects of compounding, which cause returns to drift away from the expected inverse exposure to the 2,000 small-cap stocks that comprise the Russell 2000 Index. RWM is sufficiently popular to allow for this single-day tactical use, with heavy daily trading activity and narrow spreads. The fund's fees are high, though in keeping with other funds found in the inverse equity segment.
RWM MSCI ESG Analytics Insight
ProShares Short Russell2000 has an MSCI ESG Fund Rating of A based on a score of 6.58 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. ProShares Short Russell2000 ranks in the 79th percentile within its peer group and in the 70th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
RWM Charts And Performance
RWM Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of RWM. RWM is rated a N/A out of 5.