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RWM vs SKRE

ProShares Short Russell2000

RWMBNYSE Arca

Tuttle Capital Daily 2X Inverse Regional Banks ETF

SKREDNasdaq

Overlap

Expense ratio

SKRE −0.20pt a year

RWM0.95%SKRE0.75%

Avg volume · 30D

RWM 779.6×the volume

RWM30MSKRE38.5K

RWM vs SKRE Performance

Oct 31, 2025 – Oct 30, 2026

−10.2%RWM−39.3%SKRE

Oct 31, 2025 to Oct 30, 2026. RWM −10.2%. SKRE −39.3%. Use the arrow keys to read each point.−50%−30%−20%0%Oct 2025Apr 2026Oct 2026
Expense ratio
RWM 0.95%
SKRE 0.75%, better
Fund size
RWM $163M
SKRE $5M
1Y total return
RWM −10.2%, better
SKRE −39.3%
Yield (12M)
RWM 3.32%, better
SKRE 0.35%
Holdings
RWM 3
SKRE 2
Avg volume (30D)
RWM 30M sh, better
SKRE 38.5K sh
NAV per share
RWM $14.37
SKRE $6.48
52W range

ETF.net Grade

RWM: Cost 50, Risk 61, Mission not scored, Tradability 90, Holdings 63, Durability 69. SKRE: Cost 50, Risk 29, Mission 100, Tradability 29, Holdings not scored, Durability 25.
Pillar letters and Scores for RWM, SKRE, with each pillar’s weight
PillarRWMSKRE
Cost30% weightC50C50
Mission25% weightNot scoredA100
Risk15% weightB61HigherD29
Tradability15% weightA90HigherD29
Holdings10% weightB63Not scored
Durability5% weightB69HigherD25

Rank among Leveraged Inverse (2x & Other) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. RWM and SKRE are both graded against the same 53 Leveraged Inverse (2x & Other) funds, so their Grades compare head to head.

Leveraged Inverse (2x & Other)⁠

Category · 53 funds
See all 53 ›

RWM ranks 4th and SKRE 50th of 53 funds in the Leveraged Inverse (2x & Other) Category.

  1. Rank 1BDOGProShares Short Dow30Score 65
  2. Rank 1BSVXYProShares Short VIX Short-Term Futures ETFScore 65
  3. Rank 3BPSQProShares Short QQQScore 64
  4. Rank 4BRWMProShares Short Russell2000Score 63
  5. Rank 5BSJBProShares Short High YieldScore 62
  6. Rank 50DSDDProShares UltraShort SmallCap600Score 38
  7. Rank 50DSKRETuttle Capital Daily 2X Inverse Regional Banks ETFScore 38
  8. Rank 52DTSXDDirexion Daily Semiconductors Top 5 Bear 2X ETFScore 34

Our read on each fund

ETF.net Research

RWMBProShares Short Russell2000

SKREDTuttle Capital Daily 2X Inverse Regional Banks ETF

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.

SKRE Regional banks got their own wrecking ball. SKRE aims to deliver 2x the inverse of KRE's daily move in a single ticker, and it charges well under what the average leveraged bear fund asks.

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.

SKRE The Fund seeks to deliver daily inverse leveraged performance relative to the KRE ETF.

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.
  • SKRE One narrow job: 2x the inverse of the daily move in KRE, the regional-bank basket. No margin account, no borrow, no short-sale paperwork.
  • 0.75% a year, well below the typical leveraged bear fund and cheaper than category staples like PSQ and SVXY.
  • It has tracked its stated daily inverse target closely and sits in the upper half of the leveraged bear group. Trading since January 2024.

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
  • SKRE Daily reset: the math starts fresh every session. Over longer stretches, compounding can pull results away from 2x KRE's move for the period.
  • A small fund that trades lightly next to the big inverse names, so spreads can widen. Limit orders earn their keep.
  • One sector, levered, inverse. Moves run large in both directions, and a rally in regional banks cuts the other way.

Full RWM profile⁠

Full SKRE profile⁠

RWM vs SKRE Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

RWM vs SKRE Cost

Overpaying RWM vs SKRE

$3,387

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • RWM 0.95%

    $17,869

  • SKRE 0.75%

    $14,482

$10,000
30 years

Cost over time

  • RWM 0.95%
  • SKRE 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530RWM $17,869SKRE $14,482

Year by year

YearRWMSKREOverpaying
10$1,678$1,336$342
20$6,322$5,078$1,244
30$17,869$14,482$3,387

Expense ratio

  • 0.95%RWM
  • 0.75%SKRE, cheaper
  • Middle half of Leveraged Inverse (2x & Other) funds
  • Median 0.95%

SKRE 3rd cheapest of 53 funds

RWM 6th cheapest of 53 funds

RWM vs SKRE Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
RWM 3.32%, better
SKRE 0.35%
Payout (12M)
RWM $0.48
SKRE $0.02
Last payment
RWM $0.09
SKRE $0.02
Ex-dividend
RWM Sep 23, 2026
SKRE Dec 24, 2025
Paid on
RWM Sep 29, 2026
SKRE Dec 26, 2025
Frequency
RWM Quarterly
SKRE Annual

Distribution history

Per share, 2017 to 2026, same scale for both

RWMQuarterly · 26 paymentsAll RWM payments⁠
One bar per payment. 26 payments from 2017 to 2026 YTD. Dec 26, 2017 $0.03; Mar 21, 2018 $0.04; Jun 20, 2018 $0.10; Sep 26, 2018 $0.14; Dec 26, 2018 $0.13; Mar 20, 2019 $0.11; Jun 25, 2019 $0.18; Sep 25, 2019 $0.15; Dec 24, 2019 $0.14; Mar 25, 2020 $0.05; Dec 22, 2022 $0.10; Mar 22, 2023 $0.15; Jun 21, 2023 $0.24; Sep 20, 2023 $0.27; Dec 20, 2023 $0.35; Mar 20, 2024 $0.26; Jun 26, 2024 $0.29; Sep 25, 2024 $0.28; Dec 23, 2024 $0.30; Mar 26, 2025 $0.14; Jun 25, 2025 $0.20; Sep 24, 2025 $0.13; Dec 24, 2025 $0.18; Mar 25, 2026 $0.06; Jun 24, 2026 $0.14; Sep 23, 2026 $0.09. Use the arrow keys to read each point.$0$0.252017202020232026YTD
SKREAnnual · 2 paymentsAll SKRE payments⁠
One bar per payment. 2 payments from 2017 to 2026 YTD. Dec 24, 2024 $0.42; Dec 24, 2025 $0.02. Use the arrow keys to read each point.$0$0.252017202020232026YTD

RWM vs SKRE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
RWM 18.4%SKRE 41.0%since Feb 2024
Return per unit of riskSharpe ratio, 3 years
RWM −0.99SKRE −1.05since Feb 2024
Worst fallMax drawdown, 5 years
RWM −43.7%SKRE −79.5%since Jan 2024
Market sensitivityBeta, 5 years
RWM −1.23SKRE −1.59

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