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RWM vs TTXD

ProShares Short Russell2000

RWMBNYSE Arca

Direxion Daily Technology Top 5 Bear 2X ETF

TTXDDNYSE Arca

Overlap

Expense ratio

RWM −0.07pt a year

RWM0.95%TTXD1.02%

Avg volume · 30D

RWM 2730.5×the volume

RWM33.1MTTXD12.1K

RWM vs TTXD Performance

Nov 7, 2025 – Nov 9, 2026

−13.0%RWM−41.2%TTXD

Nov 7, 2025 to Nov 9, 2026. RWM −13.0%. TTXD −41.2%. Use the arrow keys to read each point.25%50%Nov 2025May 2026Nov 2026
Expense ratio
RWM 0.95%, better
TTXD 1.02%
Fund size
RWM $202M
TTXD $1M
1Y total return
RWM −13.0%, better
TTXD −41.2%
Yield (12M)
RWM 3.36%
TTXD No data
Holdings
RWM 3
TTXD 3
Avg volume (30D)
RWM 33.1M sh, better
TTXD 12.1K sh
NAV per share
RWM $14.66
TTXD $15.17
52W range

ETF.net Grade

RWM: Cost 50, Risk 61, Mission not scored, Tradability 89, Holdings 56, Durability 70. TTXD: Cost 50, Risk 29, Mission not scored, Tradability 22, Holdings not scored, Durability 12.
Pillar letters and Scores for RWM, TTXD, with each pillar’s weight
PillarRWMTTXD
Cost30% weightC50C50
Mission25% weightNot scoredNot scored
Risk15% weightB61HigherD29
Tradability15% weightA89HigherF22
Holdings10% weightB56Not scored
Durability5% weightA70HigherF12

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 TTXD 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 TTXD 52nd 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 49DSKRETuttle Capital Daily 2X Inverse Regional Banks ETFScore 38
  7. Rank 52DTTXDDirexion Daily Technology Top 5 Bear 2X ETFScore 35
  8. Rank 53DTSXDDirexion Daily Semiconductors Top 5 Bear 2X ETFScore 33

Our read on each fund

ETF.net Research

RWMBProShares Short Russell2000

TTXDDDirexion Daily Technology 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.

TTXD Most inverse tech funds short a whole index. TTXD points at five: the largest US information technology stocks, equal weighted, at 200% of their inverse move each day. A scalpel where the shelf mostly stocks blunt instruments.

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.

TTXD The fund seeks daily investment results equal to 200% of the inverse performance of the S&P 500 Information Technology (Sector) Top 5 Equal Capped 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.
  • TTXD Unusually precise target. Rather than shorting the Nasdaq or an entire sector basket, it tracks the five biggest US tech names at -2x their daily move, one of the narrowest inverse tools on the leveraged shelf.direxion.com
  • Equal weighting keeps the short from becoming a one-stock wager: each of the five Titans carries the same slice, and the roster follows whichever names sit atop the sector.direxion.com
  • The adviser's waiver does real work here, cutting a stated 8.36% gross expense ratio to 1.02% net through September 1, 2027.

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
  • TTXD The mandate is a single day. Daily reset plus compounding means multi-day results can drift well away from -2x the index's move over that stretch, especially in choppy tape.sec.gov
  • Costlier than the category norm: 1.02% net of a waiver through September 1, 2027, against 0.95% at broad inverse peers like PSQ and DOG (each net of waivers through September 30, 2027).
  • Young and small. Launched in 2025, it remains a thinly traded fund, so spreads and order size matter more than with the veteran inverse names. Distributions, when paid, come quarterly.

Full RWM profile⁠

Full TTXD profile⁠

RWM vs TTXD 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 TTXD Cost

Overpaying TTXD vs RWM

$1,143

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

  • RWM 0.95%

    $17,869

  • TTXD 1.02%

    $19,012

$10,000
30 years

Cost over time

  • RWM 0.95%
  • TTXD 1.02%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530TTXD $19,012RWM $17,869

Year by year

YearRWMTTXDOverpaying
10$1,678$1,797$119
20$6,322$6,746$424
30$17,869$19,012$1,143

Expense ratio

  • 0.95%RWM, cheaper
  • 1.02%TTXD
  • Middle half of Leveraged Inverse (2x & Other) funds
  • Median 0.95%

RWM 6th cheapest of 53 funds

TTXD 51st cheapest of 53 funds

RWM vs TTXD Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
RWM 3.36%
TTXD No data
Payout (12M)
RWM $0.48
TTXD No data
Last payment
RWM $0.09
TTXD $0.24
Ex-dividend
RWM Sep 23, 2026
TTXD Sep 22, 2026
Paid on
RWM Sep 29, 2026
TTXD Sep 29, 2026
Frequency
RWM Quarterly
TTXD 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
TTXDQuarterly · 5 paymentsAll TTXD payments⁠
One bar per payment. 5 payments from 2017 to 2026 YTD. Dec 10, 2025 $0.04; Dec 23, 2025 $0.18; Mar 24, 2026 $0.16; Jun 23, 2026 $0.16; Sep 22, 2026 $0.24. Use the arrow keys to read each point.$0$0.252017202020232026YTD

RWM vs TTXD 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%TTXD 63.7%since Nov 2025
Return per unit of riskSharpe ratio, 3 years
RWM −0.99TTXD −0.47since Nov 2025
Worst fallMax drawdown, 5 years
RWM −43.7%TTXD −72.7%since Oct 2025
Market sensitivityBeta, 5 years
RWM −1.11TTXD −3.76

RWM and TTXD in the news

All news⁠

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