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ETFs

ProShares Ultra Russell2000

UWM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 23 2007
Expense Ratio
0.95%
Type
US Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$35,616,727
AUM
$123,612,950
Associated Index
Russell 2000 Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Net Other Assets (Liabilities)
17.05%
SWAV
ShockWave Medical Inc
0.28%
IRDM
Iridium Communications Inc
0.28%
EME
Emcor Group, Inc.
0.28%
CROX
Crocs Inc
0.27%
SAIA
Saia Inc.
0.27%
TXRH
Texas Roadhouse Inc
0.26%
INSP
Inspire Medical Systems Inc
0.25%
RBC
RBC Bearings Inc.
0.23%
KNSL
Kinsale Capital Group Inc
0.23%
Invest with UWM

What is UWM?

ProShares Ultra Russell2000 seeks daily investment results before fees and expenses that correspond to twice (200%) the daily performance of the Russell 2000 Index.

ETFs related toUWM

ETFs correlated to UWM include TNA, URTY, IWM

UWM
ProShares Trust - ProShares Ultra Russell 2000 2X Shares
TNA
Direxion Shares ETF Trust - Direxion Dialy Small Cap Bull 3X Shares
URTY
ProShares Trust - ProShares UltraPro Russell2000 3x Shares
IWM
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 ETF
VTWO
Vanguard Group, Inc. - Vanguard Russell 2000 Index ETF
SCHA
Schwab Strategic Trust - Schwab U.S. Small-Cap ETF
ESML
BlackRock Institutional Trust Company N.A. - iShares ESG Aware MSCI USA Small-Cap ETF
SMMD
BlackRock Institutional Trust Company N.A. - iShares Russell 2500 ETF
VB
Vanguard Group, Inc. - Vanguard Small Cap ETF
PRFZ
Invesco Capital Management LLC - Invesco FTSE RAFI US 1500 Small-Mid ETF
NUSC
Nuveen Fund Advisors LLC - Nuveen ESG Small-Cap ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toUWM

#IWM

Russell 2000

Category

Benchmarks

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with UWM using Composer

FAQ

UWM is a US Equities ETF. ProShares Ultra Russell2000 seeks daily investment results before fees and expenses that correspond to twice (200%) the daily performance of the Russell 2000 Index.

UWM tracks the Russell 2000 Index.

No, UWM is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, UWM is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on UWM is -0.1801%. This is the percent change in the value of UWM over the most recent 1-month period. The 3-month return on UWM is -0.0693%. This is the percent change in the value of UWM over the most recent 3-month period.

The standard deviation of UWM for the past year is 0.5424%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to UWM include KAPR, KJAN, and KOCT.

ETFs correlated to UWM include TNA, URTY, and IWM.

ETFs that are inversely correlated to UWM include TZA, RWM, and SRTY.

Yes, UWM is a Leveraged (2x) ETF: This means that UWM will try to match the performance of Russell 2000 Index, but with 2x the returns.

Yes, UWM is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of Russell 2000 Index, but move 2x in the opposite direction.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.