{"url":"https://etfiq.com/compare/leverage/rwm-vs-srty","section":"compare","title":"RWM vs SRTY: which held to its multiple? | ETFIQ","description":"RWM sets out to return -1 times IWM each day and SRTY -3 times. Over the three months to Sep 30, 2026 they finished +1.7 pts and +4.5 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, RWM or SRTY?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, RWM finished 1.7 points from what its multiple implies and SRTY finished 4.5 points from its own, so RWM came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are RWM and SRTY levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on the Russell 2000, RWM at -1 times and SRTY at -3 times the daily move."}},{"@type":"Question","name":"Which one decays faster, RWM or SRTY?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window RWM\u2019s moved at 13% annualized and SRTY\u2019s at 13%, so RWM has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold RWM or SRTY for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, RWM or SRTY?","acceptedAnswer":{"@type":"Answer","text":"RWM charges 0.95% a year and SRTY charges 0.95%, so RWM is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"RWM vs SRTY","item":"https://etfiq.com/compare/leverage/rwm-vs-srty"}]},{"@type":"WebPage","name":"RWM vs SRTY: which held to its multiple?","description":"RWM sets out to return -1 times IWM each day and SRTY -3 times. Over the three months to Sep 30, 2026 they finished +1.7 pts and +4.5 pts away.","url":"https://etfiq.com/compare/leverage/rwm-vs-srty","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, RWM finished 1.6 points over and SRTY 4.4 points over.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of RWM and SRTY","description":"RWM sets out to return -1 times IWM each day and SRTY -3 times. Over the three months to Sep 30, 2026 they finished +1.7 pts and +4.5 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/rwm-vs-srty","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6859,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / RWM vs SRTY \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n RWM vs SRTY: which held to its multiple?\n\n Over three months against its own daily promise, RWM finished 1.6 points over and SRTY 4.4 points over.\n Copy this for sharing \n \n ProShares Short Russell2000 and ProShares UltraPro Short Russell2000.\n\n Download as PDF \n\n +8.6% RWM returned, 3 months \n +25.2% SRTY returned, 3 months \n +1.7 pts RWM from its stated multiple \n +4.5 pts SRTY from its stated multiple \n\n ETFIQ Decay Resistance Score: SRTY scores higher\n Did it keep up ","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/rwm-vs-srty","a":{"ticker":"RWM","name":"ProShares Short Russell2000","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: RWM returned +8.6% where its own daily promise gave +7.0%, 1.6 points over.","url":"https://etfiq.com/funds/rwm","key_facts":[{"label":"What IWM did","value":"\u22126.9%","as_of":"2026-09-30","source":null},{"label":"What \u22121 times a day gives","value":"+7.0%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+8.6%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+1.6 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$170m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"485BPOS XBRL, Sep 25, 2026"}]},"b":{"ticker":"SRTY","name":"ProShares UltraPro Short Russell2000","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SRTY returned +25.2% where its own daily promise gave +20.8%, 4.4 points over.","url":"https://etfiq.com/funds/srty","key_facts":[{"label":"What IWM did","value":"\u22126.9%","as_of":"2026-09-30","source":null},{"label":"What \u22123 times a day gives","value":"+20.8%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+25.2%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+4.4 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$73m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"485BPOS XBRL, Sep 25, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/rwm-vs-srty"}