ProShares Short Russell2000 (RWM) Performance
RWM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −9.2% since Dec 31, 2025
- 1 year
- −8.9% total return
- 5 years
- −3.8% a year
- 10 years
- −10.8% a year
- Since first price
- −11.6% a year since 2007
RWM trailing returns vs SPY, QQQ, AGG
| Period | RWM total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +2.6% | +2.6% | −1.0% | −5.0% | +0.9% |
| 3 months | +6.8% | +6.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +1.2% | −0.5% | +7.8% | +8.4% | −1.5% |
| YTD | −9.2% | −11.1% | +12.3% | +15.1% | −1.0% |
| 1 year | −8.9% | −11.8% | +14.4% | +15.9% | −1.1% |
| 3 years | −36.2%−13.9%/yr | −44.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −17.6%−3.8%/yr | −29.9% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | −68.1%−10.8%/yr | −73.6% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | −86.2%−12.4%/yr | −88.6% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionJan 25, 2007 | −91.3%−11.6%/yr | −93.0% | — | — | — |
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: RWM vs SPY
From Jan 25, 2007: RWM grew to $872, SPY to $76,577.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
RWM returns by calendar year
4 of 18 full years positive. Best 2008 (+24.8%), worst 2009 (−32.9%). 2026 is year to date.
RWM annual returns table
| Year | RWM | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −9.2% | −20.9% | +12.3% | +15.1% | −1.0% |
| 2025 | −9.4% | −31.6% | +17.7% | +20.8% | +7.2% |
| 2024 | −5.9% | −19.4% | +24.9% | +25.6% | +1.3% |
| 2023 | −10.4% | −20.6% | +26.2% | +54.9% | +5.7% |
| 2022 | +18.3% | −19.0% | −18.2% | −32.6% | −13.0% |
| 2021 | −17.9% | −24.8% | +28.7% | +27.4% | −1.8% |
| 2020 | −31.0% | −55.6% | +18.3% | +48.6% | +7.5% |
| 2019 | −19.8% | −21.4% | +31.2% | +39.0% | +8.5% |
| 2018 | +11.6% | −16.3% | −4.6% | −0.1% | +0.1% |
| 2017 | −13.6% | −15.0% | +21.7% | +32.7% | +3.6% |
| 2016 | −21.2% | −34.3% | +12.0% | +7.1% | +2.4% |
| 2015 | +0.5% | −12.5% | +1.2% | +9.4% | +0.5% |
| 2014 | −8.5% | −15.0% | +13.5% | +19.2% | +6.0% |
| 2013 | −30.6% | −28.5% | +32.3% | +36.6% | −2.0% |
| 2012 | −18.1% | −17.3% | +16.0% | +18.1% | +3.8% |
| 2011 | −7.8% | −22.3% | +1.9% | +3.4% | +7.7% |
| 2010 | −27.4% | −31.8% | +15.1% | +19.9% | +6.4% |
| 2009 | −32.9% | −51.9% | +26.4% | +54.7% | +3.0% |
| 2008 | +24.8% | −26.3% | −36.8% | −41.7% | +7.9% |
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.
RWM largest drawdowns
Now 95.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 9, 2009 | −95.7% | Aug 14, 2026 | not yet | 17.4 years | 17.6 years so far |
| Nov 20, 2008 | −29.3% | Jan 6, 2009 | Mar 9, 2009 | 47 days | 4 months |
| Oct 27, 2008 | −18.2% | Nov 4, 2008 | Nov 19, 2008 | 8 days | 23 days |
| Mar 10, 2008 | −17.3% | Sep 19, 2008 | Oct 6, 2008 | 6 months | 7 months |
| Oct 9, 2008 | −13.4% | Oct 13, 2008 | Oct 24, 2008 | 4 days | 15 days |
| Aug 15, 2007 | −11.0% | Oct 9, 2007 | Nov 19, 2007 | 55 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
RWM risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2007 |
|---|---|---|---|---|
| Annualized return | −12.2% | −4.8% | −10.7% | −11.6% |
| Volatility (annualized) | 19.1% | 20.4% | 20.1% | 19.8% |
| Sharpe ratio | -0.81 | -0.31 | -0.57 | -0.59 |
| Sortino ratio | -0.97 | -0.42 | -0.74 | -0.77 |
| Best month | +9.6% | +10.3% | +16.3% | +18.6% |
| Worst month | −10.6% | −10.6% | −16.1% | −16.1% |
| Best 12 months | +8.9% | +22.0% | +24.2% | +37.8% |
| Worst 12 months | −28.6% | −28.6% | −54.3% | −54.3% |
| Positive months | 39% | 45% | 37% | 36% |
| Beta vs S&P 500 | -1.22 | -1.10 | -1.13 | — |
| Correlation with S&P 500 | -0.80 | -0.84 | -0.86 | — |
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.
RWM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 226 | −54.3% | −11.3% | +37.8% | 24% |
| 3-year (a year) | 202 | −30.7% | −13.0% | +2.3% | 3% |
| 5-year (a year) | 178 | −27.2% | −12.6% | −3.2% | 0% |
| 10-year (a year) | 118 | −18.8% | −13.4% | −8.6% | 0% |
Every holding period starting at a month-end since 2007. Returns for 3 years and longer are annualized.
RWM performance overview
ProShares Short Russell2000 (RWM) returned −8.9% over the past year and −10.8% a year over ten years, with distributions reinvested. Since its first recorded price in 2007 it has returned −11.6% a year, turning $10,000 into about $872. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −95.7%, from Mar 9, 2009 to Aug 14, 2026; the fund has not yet regained that high. RWM finished 4 of its 18 full calendar years with a gain; the best year was 2008 (+24.8%) and the worst 2009 (−32.9%). Volatility has been 19.8% a year.
Related: RWM chart, RWM dividends. See the RWM overview for the latest quote and fund facts.
RWM performance FAQ
What is the RWM return over the past year?
RWM returned −8.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 11.8%.
What is the average annual return of RWM?
RWM has returned −3.8% a year over 5 years, −10.8% a year over 10 years, −11.6% a year since January 25, 2007 (total return, distributions reinvested).
How much would $10,000 invested in RWM be worth?
$10,000 invested in RWM at its first recorded close on January 25, 2007 would be worth about $872 on October 23, 2026 with distributions reinvested.
What was the worst year for RWM?
The worst calendar year was 2009, with a total return of −32.9%. The best was 2008 at +24.8%.
What is the biggest drawdown of RWM?
The largest peak-to-trough decline was −95.7% between March 9, 2009 and August 14, 2026. It has not yet recovered to that high; it is 95.2% below its peak.
How volatile is RWM?
Over the past 3 years RWM had an annualized volatility of 19.1% and a Sharpe ratio of -0.81 (excess return over 1–3 month T-bills per unit of risk).