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RWM vs TSXD

ProShares Short Russell2000

RWMBNYSE Arca

Direxion Daily Semiconductors Top 5 Bear 2X ETF

TSXDDNYSE Arca

Overlap

Expense ratio

RWM −0.04pt a year

RWM0.95%TSXD0.99%

Avg volume · 30D

RWM 534.1×the volume

RWM30MTSXD56.2K

RWM vs TSXD Performance

Oct 31, 2025 – Oct 30, 2026

−10.2%RWM−63.4%TSXD

Oct 31, 2025 to Oct 30, 2026. RWM −10.2%. TSXD −63.4%. Use the arrow keys to read each point.−40%20%Oct 2025Apr 2026Oct 2026
Expense ratio
RWM 0.95%, better
TSXD 0.99%
Fund size
RWM $163M
TSXD $1M
1Y total return
RWM −10.2%, better
TSXD −63.4%
Yield (12M)
RWM 3.32%
TSXD No data
Holdings
RWM 3
TSXD 3
Avg volume (30D)
RWM 30M sh, better
TSXD 56.2K sh
NAV per share
RWM $14.37
TSXD $5.38
52W range

ETF.net Grade

RWM: Cost 50, Risk 61, Mission not scored, Tradability 90, Holdings 63, Durability 69. TSXD: Cost 50, Risk 14, Mission not scored, Tradability 30, Holdings not scored, Durability 15.
Pillar letters and Scores for RWM, TSXD, with each pillar’s weight
PillarRWMTSXD
Cost30% weightC50C50
Mission25% weightNot scoredNot scored
Risk15% weightB61HigherF14
Tradability15% weightA90HigherD30
Holdings10% weightB63Not scored
Durability5% weightB69HigherF15

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 TSXD 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 TSXD 52nd 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 50DSKRETuttle Capital Daily 2X Inverse Regional Banks ETFScore 38
  7. Rank 52DTSXDDirexion Daily Semiconductors Top 5 Bear 2X ETFScore 34
  8. Rank 52DTTXDDirexion Daily Technology Top 5 Bear 2X ETFScore 34

Our read on each fund

ETF.net Research

RWMBProShares Short Russell2000

TSXDDDirexion Daily Semiconductors Top 5 Bear 2X 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.

TSXD The inverse half of Direxion's Titans line: TSXD aims for -200% of the daily move in an equal-weight basket of the five biggest semiconductor names. Narrower than shorting the whole sector, broader than betting against one chip stock.

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.

TSXD The fund seeks daily investment results equal to -200% of the performance of the NYSE Semiconductor Top 5 Equal Weight Index, before fees and expenses. Its objective applies for a single day.

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.
  • TSXD Targets -200% of the daily move in five chip giants, equal weighted and rebalanced quarterly: a narrower instrument than a 30-stock sector short.direxion.com
  • 0.99% net of a waiver through September 1, 2027 sits near the category median, close to inverse staples like PSQ (0.95% net of a waiver through September 30, 2027).
  • Equal weighting holds any one name to roughly a fifth of the basket at each quarterly reset, so a single chip stock's earnings night matters less than in a single-stock inverse fund.direxion.comdirexion.com 2

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
  • TSXD Daily reset: hold longer than a day and results compound, so they can diverge widely from -2x the index's move over that stretch, especially in choppy markets.direxion.com
  • That 0.99% rests on a waiver through September 1, 2027. The gross expense ratio is 9.79%, so the contractual cost without the waiver is far higher.
  • Launched October 2025 and still a small, moderately traded fund, which can mean wider bid/ask spreads than the long-running broad inverse ETFs.

Full RWM profile⁠

Full TSXD profile⁠

RWM vs TSXD 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 TSXD Cost

Overpaying TSXD vs RWM

$656

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

  • RWM 0.95%

    $17,869

  • TSXD 0.99%

    $18,525

$10,000
30 years

Cost over time

  • RWM 0.95%
  • TSXD 0.99%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530TSXD $18,525RWM $17,869

Year by year

YearRWMTSXDOverpaying
10$1,678$1,746$68
20$6,322$6,565$243
30$17,869$18,525$656

Expense ratio

  • 0.95%RWM, cheaper
  • 0.99%TSXD
  • Middle half of Leveraged Inverse (2x & Other) funds
  • Median 0.95%

RWM 6th cheapest of 53 funds

TSXD 49th cheapest of 53 funds

RWM vs TSXD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
RWM 3.32%
TSXD No data
Payout (12M)
RWM $0.48
TSXD No data
Last payment
RWM $0.09
TSXD $0.06
Ex-dividend
RWM Sep 23, 2026
TSXD Sep 22, 2026
Paid on
RWM Sep 29, 2026
TSXD Sep 29, 2026
Frequency
RWM Quarterly
TSXD Quarterly

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
TSXDQuarterly · 4 paymentsAll TSXD payments⁠
One bar per payment. 4 payments from 2017 to 2026 YTD. Dec 23, 2025 $0.19; Mar 24, 2026 $0.08; Jun 23, 2026 $0.05; Sep 22, 2026 $0.06. Use the arrow keys to read each point.$0$0.252017202020232026YTD

RWM vs TSXD 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%TSXD 74.1%since Nov 2025
Return per unit of riskSharpe ratio, 3 years
RWM −0.99TSXD −0.97since Nov 2025
Worst fallMax drawdown, 5 years
RWM −43.7%TSXD −81.1%since Oct 2025
Market sensitivityBeta, 5 years
RWM −1.23TSXD −3.62

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