TWM

ProShares UltraShort Russell2000
*Unless otherwise stated, data provided by FactSet.

TWM Fund Description

TWM provides -2x inverse exposure to a market-cap weighted index of US small-cap companies.

TWM Factset Analytics Insight

TWM provides a 1-day, 2x inverse bet against the small-cap focused Russell 2000 that attracts enough daily liquidity to make it an effective trading tool. It's worth noting that financial firms make up a sizable chunk of the Russell 2000, and to a lesser extent so do tech, consumer cyclical, and industrial firms, so a bet against this index is partially a bet against those sectors. As with most geared inverse products, TWM is designed to provide its -2x exposure for one trading day, and anyone holding it for longer than a day will be exposed to the effects of compounding unless they monitor and rebalance their position frequently. The market for TWM is robust enough to allow for tactical use: the fund trades in large volumes with tiny spreads. TWM charges a high expense ratio, as many leveraged products do, but most investors won't realize those holding costs due TWM's nature as a short-term tactical option.

TWM Charts And Performance

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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Select ETFs to compare their performance:
PERFORMANCE [as of 02/14/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
TWM -2.01% -12.19% -2.95% -20.68% -17.61% -19.92% -29.57%
TWM (NAV) -1.87% -12.12% -2.70% -20.72% -17.57% -19.92% -29.56%
Russell 2000 Index 0.80% 6.60% 1.27% 10.81% 7.98% 8.15% -29.56%
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

TWM Summary Data

ProShares
01/23/07
Open-Ended Fund
0.95%
$79.31M
0.08%

TWM Portfolio Data

1.53%
03/25/20

TWM Index Data

Russell 2000 Index
Market Cap
Market Cap
N/A

TWM Fund Structure

Yes
No
No Policy
N/A
N/A
Low
-2
Daily

TWM Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

TWM Factset Analytics Block Liquidity

As of 02/18/20
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of TWM. TWM is rated a N/A out of 5.

TWM Tradability

539,550
$6.80M
519,835
$6.46M
0.08%
$0.01
0.00%
0.21% / -0.23%
None
0.00%
50,000
10.40
0.04%
--
0
$12.18
N/A