Skip to content
etf.net

RWM vs SVIX

ProShares Short Russell2000

RWMBNYSE Arca

-1x Short VIX Futures ETF

SVIXCCboe

Overlap

Expense ratio

RWM −0.52pt a year

RWM0.95%SVIX1.47%

Avg volume · 30D

RWM 12.8×the volume

RWM33.1MSVIX2.6M

3Y return · a year

SVIX +6.8pt

RWM−14.3%SVIX−7.5%

RWM vs SVIX Performance

Nov 7, 2025 – Nov 9, 2026

−13.0%RWM+19.4%SVIX

Nov 7, 2025 to Nov 9, 2026. RWM −13.0%. SVIX +19.4%. Use the arrow keys to read each point.0%40%60%Nov 2025May 2026Nov 2026
Expense ratio
RWM 0.95%, better
SVIX 1.47%
Fund size
RWM $202M
SVIX $176M
1Y total return
RWM −13.0%
SVIX +19.4%, better
Yield (12M)
RWM 3.36%
SVIX No data
Holdings
RWM 3
SVIX 2
Avg volume (30D)
RWM 33.1M sh, better
SVIX 2.6M sh
NAV per share
RWM $14.66
SVIX $20.42
52W range

ETF.net Grade

RWM: Cost 50, Risk 61, Mission not scored, Tradability 89, Holdings 56, Durability 70. SVIX: Cost 50, Risk 47, Mission not scored, Tradability 60, Holdings not scored, Durability 55.
Pillar letters and Scores for RWM, SVIX, with each pillar’s weight
PillarRWMSVIX
Cost30% weightC50C50
Mission25% weightNot scoredNot scored
Risk15% weightB61HigherC47
Tradability15% weightA89HigherB60
Holdings10% weightB56Not scored
Durability5% weightA70HigherB55

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 SVIX 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 SVIX 18th of 53 funds in the Leveraged Inverse (2x & Other) Category.

  1. Rank 1BDOGProShares Short Dow30Score 65
  2. Rank 1BPSQProShares Short QQQScore 65
  3. Rank 1BSVXYProShares Short VIX Short-Term Futures ETFScore 65
  4. Rank 4BRWMProShares Short Russell2000Score 63
  5. Rank 4BYCSProShares UltraShort YenScore 63
  6. Rank 14BSRSProShares UltraShort Real EstateScore 53
  7. Rank 18CSVIX-1x Short VIX Futures ETFScore 52
  8. Rank 18CTWMProShares UltraShort Russell2000Score 52

Our read on each fund

ETF.net Research

RWMBProShares Short Russell2000

SVIXC-1x Short VIX Futures 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.

SVIX The undiluted short-volatility trade. SVIX aims for the full inverse of a VIX futures index for one day at a time, the dose the market's older short-vol ETF gave up when it halved its target back in 2018.

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.

SVIX SVIX seeks daily investment results corresponding to the Short VIX Futures Index for one day only. Its exposure is obtained through VIX futures and related instruments, with daily inverse performance and compounding effects.

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.
  • SVIX Full-strength short vol: SVIX targets -1x the daily move of the Short VIX Futures Index, while the long-running alternative (SVXY) has targeted only -0.5x since 2018.proshares.com
  • No futures account needed. The VIX futures exposure sits inside a commodity pool that trades in an ordinary brokerage account, and the fund is actively traded.
  • Rules, not a trader's hunch: exposure tracks a named benchmark, the Short VIX Futures Index, and resets every day.

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
  • SVIX At 1.47% a year, the fee sits above the typical leveraged and inverse fund in its group. Part of the price of the full -1x wrapper.
  • Built for one day only. Daily resets compound, so a stretch of days can land far from -1x the index over that same stretch.
  • Short vol leans on calm markets and takes the pain when VIX futures spike. In 2018, one such spike led ProShares to cut its short-vol ETF's target exposure in half.sec.govproshares.com

Full RWM profile⁠

Full SVIX profile⁠

RWM vs SVIX 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 SVIX Cost

Overpaying SVIX vs RWM

$7,987

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

  • RWM 0.95%

    $17,869

  • SVIX 1.47%

    $25,856

$10,000
30 years

Cost over time

  • RWM 0.95%
  • SVIX 1.47%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530SVIX $25,856RWM $17,869

Year by year

YearRWMSVIXOverpaying
10$1,678$2,541$863
20$6,322$9,353$3,031
30$17,869$25,856$7,987

Expense ratio

  • 0.95%RWM, cheaper
  • 1.47%SVIX
  • Middle half of Leveraged Inverse (2x & Other) funds
  • Median 0.95%

RWM 6th cheapest of 53 funds

SVIX 53rd cheapest of 53 funds

RWM vs SVIX Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
RWM 3.36%
SVIX No data
Payout (12M)
RWM $0.48
SVIX None
Last payment
RWM $0.09
SVIX No data
Ex-dividend
RWM Sep 23, 2026
SVIX No data
Paid on
RWM Sep 29, 2026
SVIX No data
Frequency
RWM Quarterly
SVIX No data

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
SVIXAll SVIX payments⁠

No distribution history available.

RWM vs SVIX 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%, betterSVIX 55.4%
Return per unit of riskSharpe ratio, 3 years
RWM −0.99SVIX 0.19, better
Worst fallMax drawdown, 5 years
RWM −43.7%SVIX −79.3%since Mar 2022
Market sensitivityBeta, 5 years
RWM −1.11SVIX 2.95

Popular comparisons

  • RWMBvsDOGB

    ProShares Short Russell2000 · ProShares Short Dow30

    Expense ratio
    0.95% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SVIXCvsDOGB

    -1x Short VIX Futures ETF · ProShares Short Dow30

    Expense ratio
    1.47% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • RWMBvsPSQB

    ProShares Short Russell2000 · ProShares Short QQQ

    Expense ratio
    0.95% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SVIXCvsPSQB

    -1x Short VIX Futures ETF · ProShares Short QQQ

    Expense ratio
    1.47% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • RWMBvsSVXYB

    ProShares Short Russell2000 · ProShares Short VIX Short-Term Futures ETF

    Expense ratio
    0.95% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SVIXCvsSVXYB

    -1x Short VIX Futures ETF · ProShares Short VIX Short-Term Futures ETF

    Expense ratio
    1.47% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.