PowerShares - UltraShort Russell2000 Symbol: TWM

The UltraShort Russell2000 fund, symbol TWM, is an exchange traded fund (ETF) within the PowerShares family. There is one other fund which has an extremely return profile to TWM, which is SRTY, an exchange traded fund (ETF) from PowerShares.

What is similar to TWM?

There is one other fund we track which has both daily movements and a return profile that are very similar to PowerShares's UltraShort Russell2000, but not identical, which is PowerShares - UltraPro Short Russell2000.
Similarity Symbol Fund Family Fund Name Compare
Extremely Similar SRTY PowerShares UltraPro Short Russell2000

Which PowerShares funds are most similar to TWM?

Similarity Symbol Fund Family Fund Name Compare
Extremely Similar SRTY PowerShares UltraPro Short Russell2000
Very Similar RWM PowerShares Short Russell2000
Similar MZZ PowerShares UltraShort MidCap400
Similar MYY PowerShares Short MidCap400
Similar SBB PowerShares Short SmallCap600

Which Non-PowerShares funds are most similar to TWM?

We don't track any Non-PowerShares funds which are similar enough to TWM to be practically useful.

Which PowerShares funds are negatively correlated to TWM?

Correlation Symbol Fund Family Fund Name Compare
-96.9% UWM PowerShares Ultra Russell2000
-94.2% URTY PowerShares UltraPro Russell2000
-93.4% SAA PowerShares Ultra SmallCap600
-93.2% MVV PowerShares Ultra MidCap400
-91.3% UMDD PowerShares UltraPro MidCap400
-87.4% UXI PowerShares Ultra Industrials
-87.1% REGL PowerShares S&P MidCap 400 Dividend Aristocrats ETF
-87.1% CSM PowerShares Large Cap Core Plus
-87.0% TDV PowerShares S&P Technology Dividend Aristocrats ETF
-86.8% SSO PowerShares Ultra S&P500

Which Non-PowerShares funds are negatively correlated to TWM?

Correlation Symbol Fund Family Fund Name Compare
-98.2% IWM iShares Russell 2000 ETF
-97.7% VTWO Vanguard Russell 2000 ETF
-97.7% VRTIX Vanguard Mutual Funds Russell 2000 Index Fund Institutional Shares
-97.4% SCHA Schwab U.S. Small-Cap ETF
-97.0% FCPEX Fidelity Small-Cap Enhanced Index Fund
-96.9% IJR iShares Core S&P Small-Cap ETF
-96.9% VB Vanguard Small-Cap ETF
-96.7% VSMSX Vanguard Mutual Funds S&P Small-Cap 600 Index Fund Institutional Shares
-96.6% VTSIX Vanguard Mutual Funds Tax-Managed Small-Cap Fund Institutional Shares
-96.6% VTMSX Vanguard Mutual Funds Tax-Managed Small-Cap Fund Admiral Shares

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