UWMProShares Ultra Russell2000
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
UWM Factset Analytics Block Liquidity
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.