RWM vs UPGD

Comparison between PROSHARES SHORT RUSSELL2000 (RWM, ETF) and INVESCO BLOOMBERG ANALYST RATING IMPROVERS ETF (UPGD, ETF).

5-Year PerformanceUPGD has outperformed RWM, delivering a return of +6.8% compared to -5.2%

RWM vs UPGD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	RWM(ETF)	UPGD(ETF)
Net Assets	$119M	$119M
Expense Ratio	0.95%	0.40%
Max Drawdown	97.16%	64.78%
Sharpe Ratio	-1.62	0.94
5Y Beta	-1.10	0.70
P/E Ratio	N/A	25.56
Forward P/E	N/A	21.01
PEG Ratio	N/A	0.97
5Y Dividends CAGR	70.30%	55.56%
5Y EPS CAGR	N/A	14.16%
Debt to Equity	N/A	-42.90%
P/S Ratio	N/A	1.97
P/B Ratio	N/A	4.79

Net Assets

Winner

RWM

$119M

UPGD

$119M

Expense Ratio

RWM

0.95%

Winner

UPGD

0.40%

Max Drawdown

RWM

97.16%

Winner

UPGD

64.78%

Sharpe Ratio

RWM

-1.62

Winner

UPGD

0.94

5Y Beta

Winner

RWM

-1.10

UPGD

0.70

P/E Ratio

RWM

N/A

UPGD

25.56

Forward P/E

RWM

N/A

UPGD

21.01

PEG Ratio

RWM

N/A

UPGD

0.97

5Y Dividends CAGR

Winner

RWM

70.30%

UPGD

55.56%

5Y EPS CAGR

RWM

N/A

UPGD

14.16%

Debt to Equity

RWM

N/A

UPGD

-42.90%

P/S Ratio

RWM

N/A

UPGD

1.97

P/B Ratio

RWM

N/A

UPGD

4.79

RWM vs UPGD - Historical Returns

Returns include dividend reinvestment.

Period	RWM	UPGD
1 month	-3.57%	+5.61%
3 months	-15.43%	+10.22%
6 months	-13.00%	+9.03%
1 year	-26.20%	+17.71%
5 years(CAGR)	-5.17%	+6.76%
10 years(CAGR)	-12.11%	+10.49%
Max(CAGR)	-12.17%	+7.99%

RWM

-3.57%

Winner

UPGD

+5.61%

RWM

-15.43%

Winner

UPGD

+10.22%

RWM

-13.00%

Winner

UPGD

+9.03%

RWM

-26.20%

Winner

UPGD

+17.71%

5Y(CAGR)

RWM

-5.17%

Winner

UPGD

+6.76%

10Y(CAGR)

RWM

-12.11%

Winner

UPGD

+10.49%

Max(CAGR)

RWM

-12.17%

Winner

UPGD

+7.99%

RWM vs UPGD - Annual Returns (2006 - 2026)

Returns include dividend reinvestment.

Year	RWM	UPGD
2026	-14.70%	+10.05%
2025	-9.27%	+8.98%
2024	-6.49%	+13.80%
2023	-10.99%	+16.47%
2022	+19.82%	-13.97%
2021	-19.11%	+25.57%
2020	-31.06%	+6.10%
2019	-19.44%	+30.23%
2018	+12.68%	-15.51%
2017	-13.13%	+12.33%
2016	-22.95%	+21.96%
2015	+0.05%	-5.93%
2014	-9.33%	+5.65%
2013	-28.41%	+39.25%
2012	-16.54%	+12.96%
2011	-6.11%	-3.39%
2010	-25.42%	+25.78%
2009	-31.44%	+51.42%
2008	+22.38%	-38.29%
2007	+4.98%	+2.96%
2006	N/A	-14.71%

RWM vs UPGD 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 UPGD was -60.86%, occurring on Nov 20, 2008. Recovery took 1142 trading sessions.

The current RWM drawdown is -95.50%. The current UPGD drawdown is -0.93%.

Rank	RWM	UPGD
#1	-95.50% Mar 9, 2009 - Jun 12, 2026	-60.86% May 23, 2006 - Dec 3, 2010
#2	-29.50% Nov 20, 2008 - Mar 9, 2009	-50.19% Aug 29, 2018 - Dec 3, 2020
#3	-18.20% Oct 27, 2008 - Nov 19, 2008	-28.87% Apr 29, 2011 - Mar 15, 2012
#4	-17.33% Mar 10, 2008 - Oct 6, 2008	-27.28% Jun 23, 2015 - Nov 18, 2016
#5	-13.39% Oct 9, 2008 - Oct 24, 2008	-24.31% Nov 9, 2021 - Feb 27, 2024
#6	-10.96% Aug 15, 2007 - Nov 19, 2007	-16.90% Nov 29, 2024 - Aug 22, 2025
#7	-9.82% Mar 5, 2007 - Jul 27, 2007	-13.43% Mar 26, 2012 - Jan 2, 2013
#8	-8.16% Jan 22, 2008 - Mar 6, 2008	-12.68% Jul 3, 2014 - Feb 24, 2015
#9	-7.95% Nov 26, 2007 - Jan 4, 2008	-10.11% Jan 26, 2018 - May 16, 2018
#10	-5.46% Jan 26, 2007 - Mar 2, 2007	-10.01% Feb 27, 2026 - May 26, 2026
#11	-4.86% Aug 3, 2007 - Aug 15, 2007	-8.56% Jun 8, 2021 - Oct 19, 2021
#12	-2.22% Jan 8, 2008 - Jan 11, 2008	-6.75% Oct 6, 2025 - Dec 11, 2025
#13	-1.96% Nov 21, 2007 - Nov 26, 2007	-6.71% Jan 22, 2014 - Feb 26, 2014
#14	-1.63% Jul 27, 2007 - Aug 3, 2007	-6.69% Jul 25, 2017 - Sep 27, 2017
#15	-1.38% Jan 11, 2008 - Jan 15, 2008	-6.68% Apr 2, 2014 - Jun 18, 2014

Correlation

Correlation between RWM and UPGD is -0.82 which considered as a strong negative correlation - the stocks tend to move in opposite directions.

-0.82

-101

Dividend Comparison (2006 - 2026)

RWM vs UPGD dividend yield comparison.

Year	RWM	UPGD
2026	0.47%	0.00%
2025	3.97%	1.75%
2024	6.03%	1.28%
2023	4.78%	1.39%
2022	0.39%	0.72%
2021	0.00%	0.52%
2020	0.20%	0.28%
2019	1.55%	0.20%
2018	0.87%	1.43%
2017	0.07%	0.00%
2016	0.00%	1.55%
2015	0.00%	0.93%
2014	0.00%	0.26%
2013	0.00%	0.34%
2012	0.00%	0.35%
2011	0.00%	0.14%
2008	37.88%	0.31%
2007	2.28%	10.64%
2006	0.00%	0.60%