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Beacon

TWMProShares UltraShort Russell2000

Take a bet19y track recordRanked #139 of 949 in this goal

Seeks daily investment results that correspond to -2x the daily performance of the Russell 2000 Index.

By ProShares · Launched 2007

Annual Cost

0.95%

#4,882 of 5,861 · expensive

Fund Size

$38M

#3,910 of 5,861 · mid-size

Return (1Y)Goal

-43.9%

Track Record

19 years

#403 of 5,861 · established

Performance

Total-return NAV · USD
Growth of $10,000
$5,842-41.6%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Inverse

Index tracked

Russell 2000 Index

What it actually holds

By weight

Concentration

synthetic exposure — holdings shown are derivatives collateral, not the fund's positions

ProShares GENIUS Money Market ETF
50.6%
Repurchase Agreement
11.3%
Repurchase Agreement
5.6%
Repurchase Agreement
5.6%
Repurchase Agreement
3.4%
Repurchase Agreement
3.4%
Repurchase Agreement
2.8%
Repurchase Agreement
2.2%
Repurchase Agreement
2.2%
Repurchase Agreement
1.1%

Asset allocation

Cash
194.3%
Other
100.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
38.8%High

Year-on-year price swings

Max drawdown
-96.3%Severe

Worst peak-to-trough loss

Sharpe (3Y)
-0.59Below average
Sortino (3Y)
-0.80Moderate downside risk

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results that correspond to -2x the daily performance of the Russell 2000 Index.
Strategy
Invests in financial instruments to achieve daily returns consistent with the Daily Target of -2x the Russell 2000 Index. The Fund uses derivatives like swap agreements and futures contracts to gain inverse leveraged exposure to the Index, which measures the performance of the smallest U.S. companies.
Inception date
January 23, 2007
Fund family
ProShares

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Inverse
Warning

You can be right and still lose

This fund returns the opposite of its benchmark's daily move, then resets. Hold it longer and the daily compounding takes over: the market can move your way over a week and you still finish down. It works as a one-day hedge and nothing beyond that.

Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

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 2026-08-04