PowerShares - Ultra Russell2000 Symbol: UWM

The Ultra Russell2000 fund, symbol UWM, is an exchange traded fund (ETF) within the PowerShares family. There is one other fund which has an extremely return profile to UWM, which is IWM, an exchange traded fund (ETF) from iShares.

What is similar to UWM?

There is one other fund we track which has both daily movements and a return profile that are very similar to PowerShares's Ultra Russell2000, but not identical, which is iShares - Russell 2000 ETF.
Similarity Symbol Fund Family Fund Name Compare
Extremely Similar IWM iShares Russell 2000 ETF

What is the iShares equivalent of UWM?

We track 1 iShares ETF which is extremely similar to PowerShares's UWM: IWM (Russell 2000 ETF).

Similarity Symbol Fund Family Fund Name Compare
Extremely Similar IWM iShares Russell 2000 ETF

Which PowerShares funds are most similar to UWM?

Similarity Symbol Fund Family Fund Name Compare
Very Similar URTY PowerShares UltraPro Russell2000
Similar MVV PowerShares Ultra MidCap400
Similar SAA PowerShares Ultra SmallCap600
Similar UMDD PowerShares UltraPro MidCap400
Similar SSO PowerShares Ultra S&P500

Which Non-PowerShares funds are most similar to UWM?

Similarity Symbol Fund Family Fund Name Compare
Extremely Similar IWM iShares Russell 2000 ETF
Very Similar VRTIX Vanguard Mutual Funds Russell 2000 Index Fund Institutional Shares
Very Similar SCHA Schwab U.S. Small-Cap ETF
Very Similar VTWO Vanguard Russell 2000 ETF
Very Similar FCPEX Fidelity Small-Cap Enhanced Index Fund

Which PowerShares funds are negatively correlated to UWM?

Correlation Symbol Fund Family Fund Name Compare
-98.2% RWM PowerShares Short Russell2000
-96.9% TWM PowerShares UltraShort Russell2000
-96.0% SRTY PowerShares UltraPro Short Russell2000
-95.0% MYY PowerShares Short MidCap400
-93.8% MZZ PowerShares UltraShort MidCap400
-93.3% SBB PowerShares Short SmallCap600
-91.0% SDD PowerShares UltraShort SmallCap600
-88.1% SH PowerShares Short S&P500
-86.9% SDS PowerShares UltraShort S&P500
-86.9% DOG PowerShares Short Dow30

Which Non-PowerShares funds are negatively correlated to UWM?

Correlation Symbol Fund Family Fund Name Compare
-39.7% VGLT Vanguard Long-Term Treasury ETF
-39.4% VLGSX Vanguard Mutual Funds Long-Term Treasury Index Fund Admiral Shares
-39.4% VLGIX Vanguard Mutual Funds Long-Term Treasury Index Fund Institutional Shares
-39.0% IEF iShares 7-10 Year Treasury Bond ETF
-38.9% TLT iShares 20+ Year Treasury Bond ETF
-38.3% SPTL SPDR Portfolio Long Term Treasury ETF
-38.3% TLH iShares 10-20 Year Treasury Bond ETF
-37.9% VUSTX Vanguard Mutual Funds Long-Term Treasury Fund Investor Shares
-37.9% VUSUX Vanguard Mutual Funds Long-Term Treasury Fund Admiral Shares
-37.3% FGOVX Fidelity Government Income Fund

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