UWM

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

UWM Fund Description

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

UWM Factset Analytics Insight

As a levered product, UWM is not a buy-and-hold ETF; it's a short-term tactical instrument designed to provide 2x exposure to the Russell 2000. The underlying index consists primarily of small-caps, but also drifts into midcaps and heavily into micro-caps. Like many levered funds, UWM delivers 2x exposure only for one day. Over longer periods, returns can vary significantly from its promised 2x exposure to the Russell 2000. This makes the expense ratio, which is high for UWM as is the case with just about every leveraged product, less of a factor for most investors. As a short-term product, trading costs matter greatly, and UWM delivers with tight spreads and hefty daily volume. For even greater liquidity, investors have to kick it up a notch and look at funds that are 3x levered to the Russell 2000—including powerhouse TNA.

UWM MSCI ESG Analytics Insight

ProShares Ultra Russell2000 has an MSCI ESG Fund Rating of BB based on a score of 3.53 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 Ultra Russell2000 ranks in the 14th percentile within its peer group and in the 7th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

UWM Charts And Performance

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  • 1 Year
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Select ETFs to compare their performance:
PERFORMANCE [as of 10/17/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
UWM -4.87% -2.07% 27.22% -10.08% 14.56% 12.94% 17.04%
UWM (NAV) -4.76% -2.18% 26.88% -10.05% 14.56% 12.89% 17.05%
Russell 2000 Index -2.18% -0.21% 15.61% -1.57% 9.89% 8.84% 17.05%
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

UWM Summary Data

ProShares
01/23/07
Open-Ended Fund
0.95%
$155.02M
0.04%

UWM Portfolio Data

0.68%
12/24/19

UWM Index Data

Russell 2000 Index
Market Cap
Market Cap
N/A

UWM Fund Structure

Yes
No
No Policy
N/A
N/A
High
2
Daily

UWM Tax Exposures

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

UWM Factset Analytics Block Liquidity

As of 10/18/19
5
4
3
2
1

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

UWM Tradability

269,901
$17.31M
248,197
$16.34M
0.04%
$0.03
0.01%
0.35% / -0.29%
None
0.00%
50,000
4.96
0.01%
--
1,925
$66.00
N/A

UWM MSCI ESG Ratings

BB
3.53 / 10
6.59
14.19
2.92%
3.87%
152.14