RWM vs SCC

RWMBProShares Short Russell2000

SCCCProShares UltraShort Consumer Discretionary

In short

RWM Short small caps at one speed: RWM targets the inverse of the Russell 2000's daily move, with no 2x or 3x multiplier on top. Trading since 2007, at 0.95% net of a waiver through September 30, 2027.

SCC The only -2x ETF pointed at the consumer discretionary sector, and it has been listed since 2007. SCC resets daily, so it is built as a short-horizon trading tool, at 0.95% net of a waiver through September 30, 2027.

Stated mandate

RWM The fund seeks daily investment results, before fees and expenses, that correspond to the inverse of the Russell 2000 Index's daily performance.

SCC The fund seeks daily investment results, before fees and expenses, equal to negative two times the daily performance of the S&P Consumer Discretionary Select Sector Index.

Why people hold it

• RWM Straight -1x, not a multiplier: it tracks the inverse of the Russell 2000's daily move, where stablemate TWM targets -2x on the same index.proshares.com
• ProShares calls it the only -1x ETF tied to the Russell 2000, the index of the 2,000 smallest US names in the Russell 3000.proshares.comproshares.com 2
• Trading since January 2007 and one of the busier funds in the inverse-equity aisle, so entering and exiting is rarely the hard part.
• Fee is 0.95% net of a waiver through September 30, 2027 (1.05% gross), near what this category charges, and it rates among the strongest builds in its peer group.

• SCC ProShares describes it as the only -2x ETF built to gain when the consumer discretionary sector falls on the day. Retail, autos and restaurants, geared short, in one ticker.proshares.com
• 0.95% net of a waiver through September 30, 2027 (gross 2.98%), near the category median. Siblings DOG, PSQ and RWM also sit at 0.95% net, each waived through that same date.
• Listed since 2007, a long run for a daily-reset fund, with the -2x daily objective and the S&P Consumer Discretionary Select Sector Index named plainly in the fund's own documents.proshares.com

Worth knowing

• RWM The -1x target resets daily. Hold longer and compounding rules: ProShares says multi-day returns can differ significantly from the target, in amount and even direction.proshares.comproshares.com 2
• Symmetric by design: on days the Russell 2000 climbs, the fund is built to lose roughly as much as the index gains.proshares.com
• Fund documents tell investors to monitor holdings as frequently as daily, which puts this at the hands-on end of the shelf.proshares.com

• SCC The -2x figure is a one-day target. Hold longer and compounding can push results away from -2x the index move over that stretch, especially through choppy markets.proshares.com
• Small asset base and light trading for the category, so spreads and limit orders matter more here than on the heavily traded broad-index inverse funds.
• Across ProShares' inverse shelf, the broad-market siblings review stronger; this sector-specific version sits in the lower part of its peer group on cost, scale and tradability.

Full RWM profile⁠

Full SCC profile⁠