ITWOProShares Russell 2000 High Income ETF
Seeks investment results that track the performance of the Cboe Russell 2000 Daily Covered Call Index.
By ProShares · Launched 2024
0.55%
#2,811 of 5,562 · average
$188M
#2,349 of 5,562 · mid-size
7.82%
1 year
#3,776 of 5,562 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundAsset class
AlternativeRegion
North americaStrategy
Option income
Index tracked
Cboe Russell 2000 Daily Covered Call Index
What it actually holds
By weightConcentration
Top 10 holdings = 8.5% of fund✓ well diversified
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks investment results that track the performance of the Cboe Russell 2000 Daily Covered Call Index.
- Strategy
- Invests primarily in components of the Index or similar instruments, including equity securities, derivatives (like swaps and futures), and money market instruments. The Fund aims to remain fully invested to provide exposure consistent with its investment objective.
- Inception date
- September 4, 2024
- Fund family
- ProShares
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Covered call ETF — yield ≠ total return
The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.
Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Why we flagged this: strategy=option_income + option_income_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-06-19