# RWM (ProShares Short Russell2000)

ProShares · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: RWM returned +2.3% where its own daily promise gave +0.7%, 1.6 points over.

## Key facts

- RWM, what IWM did: −1.1%, as of Sep 11, 2026.
- RWM, what −1 times a day gives: +0.7%, as of Sep 11, 2026.
- RWM, what the fund returned: +2.3%, as of Sep 11, 2026.
- RWM, the fund itself added: +1.6 pts, as of Sep 11, 2026.
- RWM, net assets: $119m (source, as filed for May 31, 2026).
- RWM, expense ratio: not read by ETFIQ, as of Sep 11, 2026.

## RWM over each window to Sep 11, 2026

| Window | Fund | IWM | -1x the move | Difference | IWM moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +5.2% | −4.6% | +4.6% | +0.6 pts | 12% |
| 3 months | +2.3% | −1.1% | +1.1% | +1.1 pts | 14% |
| 6 months | −13.9% | +17.6% | −17.6% | +3.7 pts | 18% |
| 1 year | −15.2% | +21.2% | −21.2% | +6.0 pts | 19% |
| 3 years | −32.0% | +62.5% | −62.5% | +30.5 pts | 21% |
| Since launch | −90.3% | +464.0% | not meaningful over this window | not meaningful over this window | 22% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -1 times the daily move of IWM, reset daily | ETFIQ |
| Multiple a holder actually got over the window | IWM moved −1.1% over this window, too little to read a multiple from | ETFIQ |
| Underlying | IWM | ETFIQ |
| Segment | broad index, us small cap | ETFIQ |
| Net assets | $119m | source, as filed for May 31, 2026 |
| Expense ratio | not read by ETFIQ | ETFIQ |
| Launched | Jan 4, 2010 | ETFIQ |
| Underlying volatility over the window | 14% annualized | ETFIQ |

## Questions

### Did RWM return -1 times IWM?

Over the window to Sep 11, 2026, IWM moved −1.1% and RWM returned +2.3%. 1 times that move is +1.1%, so the fund came out 1.1 points ahead of it.

### Why does RWM not return -1 times over a year?

Because it resets daily. RWM aims at -1 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what -1 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, RWM, data as of Sep 11, 2026. https://etfiq.com/funds/RWM
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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