ProShares Russell 2000 High Income ETF (ITWO) Performance
ITWO total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +14.3% since Dec 31, 2025
- 1 year
- +15.4% total return
- Since first price
- +35.4% since 2024
ITWO trailing returns vs SPY, QQQ, AGG
| Period | ITWO total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −2.0% | −2.5% | −1.0% | −5.0% | +0.9% |
| 3 months | −5.0% | −6.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +1.7% | −1.6% | +7.8% | +8.4% | −1.5% |
| YTD | +14.3% | +7.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +15.4% | +6.9% | +14.4% | +15.9% | −1.1% |
| Since inceptionSep 5, 2024 | +35.4% | +7.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: ITWO vs SPY
From Sep 5, 2024: ITWO grew to $13,543, SPY to $14,190.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
ITWO returns by calendar year
1 of 1 full years positive. Best 2025 (+14.3%), worst 2025 (+14.3%). 2026 is year to date.
ITWO annual returns table
| Year | ITWO | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +14.3% | −10.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +14.3% | −21.3% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
ITWO largest drawdowns
Now 8.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 25, 2024 | −24.8% | Apr 8, 2025 | Sep 11, 2025 | 4 months | 10 months |
| Aug 14, 2026 | −10.4% | Oct 16, 2026 | not yet | 2 months | 2 months so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
ITWO risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +13.4% |
| Volatility (annualized) | 16.4% |
| Sharpe ratio | 0.61 |
| Sortino ratio | 1.00 |
| Best month | +11.5% |
| Worst month | −8.0% |
| Best 12 months | +43.6% |
| Worst 12 months | +5.5% |
| Positive months | 62% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
ITWO rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 14 | +5.5% | +21.1% | +43.6% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
ITWO performance overview
ProShares Russell 2000 High Income ETF (ITWO) returned +15.4% over the past year, with distributions reinvested. Since its first recorded price on Sep 5, 2024 it has returned +35.4%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −24.8%, from Nov 25, 2024 to Apr 8, 2025, and it took 5 months to get back to the old high. Volatility has been 16.4% a year.
Related: ITWO chart, ITWO holdings, ITWO dividends. See the ITWO overview for the latest quote and fund facts.
ITWO performance FAQ
What is the ITWO return over the past year?
ITWO returned +15.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 6.9%.
How much would $10,000 invested in ITWO be worth?
$10,000 invested in ITWO at its first recorded close on September 5, 2024 would be worth about $13,543 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of ITWO?
The largest peak-to-trough decline was −24.8% between November 25, 2024 and April 8, 2025. It recovered to the old high on September 11, 2025, 5 months after the bottom.
How volatile is ITWO?
Over the past history ITWO had an annualized volatility of 16.4% and a Sharpe ratio of 0.61 (excess return over 1–3 month T-bills per unit of risk).