UPGD vs RWM

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

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

UPGD vs RWM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

UPGD

$119M

Winner

RWM

$119M

Expense Ratio

Winner

UPGD

0.40%

RWM

0.95%

Max Drawdown

Winner

UPGD

64.78%

RWM

97.16%

Sharpe Ratio

Winner

UPGD

0.94

RWM

-1.62

5Y Beta

UPGD

0.70

Winner

RWM

-1.10

P/E Ratio

UPGD

25.56

RWM

N/A

Forward P/E

UPGD

21.01

RWM

N/A

PEG Ratio

UPGD

0.97

RWM

N/A

5Y Dividends CAGR

UPGD

55.56%

Winner

RWM

70.30%

5Y EPS CAGR

UPGD

14.16%

RWM

N/A

Debt to Equity

UPGD

-42.90%

RWM

N/A

P/S Ratio

UPGD

1.97

RWM

N/A

P/B Ratio

UPGD

4.79

RWM

N/A

UPGD vs RWM - Historical Returns

Returns include dividend reinvestment.

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

Winner

UPGD

+5.61%

RWM

-3.57%

Winner

UPGD

+10.22%

RWM

-15.43%

Winner

UPGD

+9.03%

RWM

-13.00%

Winner

UPGD

+17.71%

RWM

-26.20%

5Y(CAGR)

Winner

UPGD

+6.76%

RWM

-5.17%

10Y(CAGR)

Winner

UPGD

+10.49%

RWM

-12.11%

Max(CAGR)

Winner

UPGD

+7.99%

RWM

-12.17%

UPGD vs RWM - Annual Returns (2006 - 2026)

Returns include dividend reinvestment.

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

UPGD vs RWM Drawdown Comparison

The maximum drawdown for UPGD was -60.86%, occurring on Nov 20, 2008. Recovery took 1142 trading sessions.

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

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

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

Correlation

Correlation between UPGD and RWM 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)

UPGD vs RWM dividend yield comparison.

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