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 Charts And Performance

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Select ETFs to compare their performance:
PERFORMANCE [as of 09/24/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
UWM -13.04% 0.61% -36.32% -27.20% -7.74% 4.40% 13.02%
UWM (NAV) -14.66% 8.07% -36.36% -24.84% -7.75% 4.51% 12.28%
Russell 2000 Index -7.32% 4.80% -12.11% -3.95% 1.42% 6.49% 12.28%
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%
$122.38M
0.05%

UWM Portfolio Data

0.42%
09/23/20

UWM Index Data

Russell 2000 Index
Market Cap
Market Cap
N/A

UWM Fund Structure

Yes
No
No Policy
N/A
N/A
Low
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 09/25/20
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

310,044
$17.01M
268,038
$15.40M
0.05%
$0.03
0.01%
4.62% / -2.47%
None
0.00%
50,000
5.36
0.00%
--
3,123
$48.98
N/A