RWM vs NMI

Comparison between PROSHARES SHORT RUSSELL2000 (RWM, ETF) and Nuveen Municipal Income Fund (NMI, ETF).

5-Year PerformanceNMI has outperformed RWM, delivering a return of +2.9% compared to -5.2%

RWM vs NMI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	RWM(ETF)	NMI(ETF)
Net Assets	$119M	$119M
Expense Ratio	0.95%	N/A
Max Drawdown	97.16%	37.13%
Sharpe Ratio	-1.62	0.86
5Y Beta	-1.10	0.09
5Y Dividends CAGR	70.30%	4.52%

Net Assets

RWM

$119M

Winner

NMI

$119M

Expense Ratio

RWM

0.95%

NMI

N/A

Max Drawdown

RWM

97.16%

Winner

NMI

37.13%

Sharpe Ratio

RWM

-1.62

Winner

NMI

0.86

5Y Beta

Winner

RWM

-1.10

NMI

0.09

5Y Dividends CAGR

Winner

RWM

70.30%

NMI

4.52%

RWM vs NMI - Historical Returns

Returns include dividend reinvestment.

Period	RWM	NMI
1 month	-3.57%	+6.48%
3 months	-15.43%	+13.32%
6 months	-13.00%	+13.58%
1 year	-26.20%	+17.86%
5 years(CAGR)	-5.17%	+2.93%
10 years(CAGR)	-12.11%	+2.47%
Max(CAGR)	-12.17%	+4.92%

RWM

-3.57%

Winner

NMI

+6.48%

RWM

-15.43%

Winner

NMI

+13.32%

RWM

-13.00%

Winner

NMI

+13.58%

RWM

-26.20%

Winner

NMI

+17.86%

5Y(CAGR)

RWM

-5.17%

Winner

NMI

+2.93%

10Y(CAGR)

RWM

-12.11%

Winner

NMI

+2.47%

Max(CAGR)

RWM

-12.17%

Winner

NMI

+4.92%

RWM vs NMI - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	RWM	NMI
2026	-14.70%	+13.60%
2025	-9.27%	+9.47%
2024	-6.49%	+6.56%
2023	-10.99%	-1.27%
2022	+19.82%	-15.15%
2021	-19.11%	+4.22%
2020	-31.06%	+4.89%
2019	-19.44%	+14.75%
2018	+12.68%	-8.06%
2017	-13.13%	+7.78%
2016	-22.95%	-3.15%
2015	+0.05%	+5.68%
2014	-9.33%	+23.72%
2013	-28.41%	-13.55%
2012	-16.54%	+10.45%
2011	-6.11%	+18.12%
2010	-25.42%	-0.83%
2009	-31.44%	+18.46%
2008	+22.38%	-4.73%
2007	+4.98%	+3.15%
2006	N/A	+8.62%
2005	N/A	+10.00%
2004	N/A	+8.28%
2003	N/A	+2.33%
2002	N/A	-3.31%
2001	N/A	+0.15%
2000	N/A	+16.51%
1999	N/A	-3.48%

RWM vs NMI Drawdown Comparison

The maximum drawdown for RWM was -95.50%, occurring on Jun 12, 2026. This drawdown has not yet recovered.

The maximum drawdown for NMI was -28.92%, occurring on Oct 24, 2022. Recovery took 890 trading sessions.

The current RWM drawdown is -95.50%. The current NMI drawdown is -0.71%.

Rank	RWM	NMI
#1	-95.50% Mar 9, 2009 - Jun 12, 2026	-28.92% Dec 21, 2021 - Jul 11, 2025
#2	-29.50% Nov 20, 2008 - Mar 9, 2009	-22.57% Mar 13, 2013 - Dec 11, 2014
#3	-18.20% Oct 27, 2008 - Nov 19, 2008	-20.89% May 30, 2008 - Apr 27, 2009
#4	-17.33% Mar 10, 2008 - Oct 6, 2008	-19.97% Mar 5, 2020 - Mar 30, 2020
#5	-13.39% Oct 9, 2008 - Oct 24, 2008	-18.02% Apr 7, 2017 - Aug 15, 2019
#6	-10.96% Aug 15, 2007 - Nov 19, 2007	-17.54% Aug 29, 2001 - May 20, 2003
#7	-9.82% Mar 5, 2007 - Jul 27, 2007	-16.27% Oct 11, 2016 - Apr 7, 2017
#8	-8.16% Jan 22, 2008 - Mar 6, 2008	-15.15% Nov 5, 2010 - Sep 30, 2011
#9	-7.95% Nov 26, 2007 - Jan 4, 2008	-13.50% Mar 19, 2004 - Jan 24, 2005
#10	-5.46% Jan 26, 2007 - Mar 2, 2007	-13.10% Mar 30, 2020 - Aug 31, 2020
#11	-4.86% Aug 3, 2007 - Aug 15, 2007	-12.93% May 6, 2015 - Dec 22, 2015
#12	-2.22% Jan 8, 2008 - Jan 11, 2008	-11.67% May 22, 2003 - Mar 19, 2004
#13	-1.96% Nov 21, 2007 - Nov 26, 2007	-11.64% Nov 8, 1999 - Feb 16, 2000
#14	-1.63% Jul 27, 2007 - Aug 3, 2007	-11.23% Aug 19, 2005 - Nov 30, 2006
#15	-1.38% Jan 11, 2008 - Jan 15, 2008	-10.96% Apr 21, 2026 - Jun 10, 2026

Correlation

Correlation between RWM and NMI is -0.90 which considered as a strong negative correlation - the stocks tend to move in opposite directions.

-0.90

-101

Dividend Comparison (1999 - 2026)

RWM vs NMI dividend yield comparison.

Year	RWM	NMI
2026	0.47%	1.71%
2025	3.97%	4.59%
2024	6.03%	4.63%
2023	4.78%	4.04%
2022	0.39%	3.51%
2021	0.00%	3.22%
2020	0.20%	3.53%
2019	1.55%	4.15%
2018	0.87%	5.12%
2017	0.07%	4.21%
2016	0.00%	4.45%
2015	0.00%	4.28%
2014	0.00%	4.53%
2013	0.00%	5.68%
2012	0.00%	4.31%
2011	0.00%	4.94%
2010	0.00%	5.51%
2009	0.00%	4.95%
2008	37.88%	5.31%
2007	2.28%	4.85%
2006	0.00%	4.80%
2005	0.00%	5.14%
2004	0.00%	5.38%
2003	0.00%	5.95%
2002	0.00%	6.08%
2001	0.00%	6.28%
2000	0.00%	6.13%
1999	0.00%	1.14%