UWM
UWM is an exchange-traded fund (ETF) that aims to provide twice the daily return of the S&P MidCap 400 Index. It uses leverage to achieve this goal, meaning that it seeks to deliver 200% of the daily performance of the underlying index. This makes UWM a leveraged ETF focused on mid-cap stocks.
Asset Summary
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Asset Performance Metrics and Risk Characteristics:
Metrics below use daily returns for Jan 1, 2026 – Oct 8, 2026 (YTD).
Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.
1 Month Trailing Return
-11.53%
Represents the percentage change in asset value over the past month.
3 Month Trailing Return
-11.88%
Indicates the percentage change in asset value over the last three months.
Period Max Drawdown
22.40%
The highest percentage drop from the peak value to the lowest point during the observed period.
Standard Deviation
35.85%
Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.
Sharpe Ratio
0.78
Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.
Calmar Ratio
1.25
The ratio of the annualized return to the maximum drawdown, reflecting the return per unit of risk.
Asset Technical Analysis
Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. Using indicators such as moving averages, pivot levels, momentum studies, and candlestick pattern scans can clarify trend strength and volatility. The tabs below summarize moving averages, pivots, technical indicators, candlestick patterns, and recent prices for this symbol.
Analysis
Moving Averages
Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:
| Type/Period | |
|---|---|
| SMA | |
| EMA | |
| WMA | |
| WEMA |
- SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
- EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
- WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
- WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.
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Start Optimizing NowFrequently Asked Questions
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UWM is designed to provide 200% of the daily performance of the S&P MidCap 400 Index. This means that on any given trading day, the ETF aims to deliver twice the percentage change of the index. However, because UWM is leveraged, its long-term performance can diverge significantly from twice the performance of the index due to the effects of compounding and daily rebalancing.
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The historical performance of UWM reflects its leveraged objective to deliver twice the daily return of the S&P MidCap 400 Index. Due to the use of leverage, UWM’s performance may be more volatile and differ significantly from the performance of the index over longer periods. Investors should review historical performance with the understanding that past performance is not indicative of future results.
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As of the latest update, UWM has an expense ratio of approximately 0.93%. This fee covers the cost of managing the ETF and is higher than non-leveraged ETFs due to the complexities of managing leveraged positions.
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UWM is managed by ProShares. The fund employs a leveraged investment strategy that involves using financial derivatives and debt to amplify the returns of the S&P MidCap 400 Index. The management team seeks to provide 200% of the daily return of the index, but this leverage can also amplify losses.
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Investors can purchase shares of UWM through a brokerage account, similar to other stocks and ETFs. It is traded on the New York Stock Exchange (NYSE) under the ticker symbol "UWM."
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Key performance metrics for UWM include net asset value (NAV), expense ratio, total return, and tracking error. NAV represents the per-share value of the ETF, the expense ratio is the cost of managing the fund, total return reflects overall performance including dividends, and tracking error measures how closely UWM tracks its leveraged objective relative to the S&P MidCap 400 Index.
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Yes, UWM can be held in retirement accounts such as IRAs or 401(k)s. However, due to its leveraged and volatile nature, it is generally recommended for short-term trading rather than long-term holding in retirement accounts.
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Factors affecting UWM’s performance include changes in the S&P MidCap 400 Index, market volatility, and the effectiveness of the fund’s leverage strategy. The ETF’s performance can also be impacted by the compounding effect of daily returns, which can cause significant deviations from the expected 200% daily return over time.
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UWM adjusts its holdings to reflect stock splits or changes in the S&P MidCap 400 Index. Due to its leveraged strategy, the fund also rebalances daily to maintain its target leverage ratio, which can impact its performance and tracking error.
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UWM differs from other mid-cap ETFs in that it is a leveraged fund, aiming to deliver 200% of the daily performance of the S&P MidCap 400 Index. Other mid-cap ETFs, such as the iShares Russell Mid-Cap ETF (IWR) or the SPDR S&P MidCap 400 ETF Trust (MDY), provide direct exposure to mid-cap stocks without the use of leverage, and typically have lower expense ratios.
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Disclaimers
The information displayed on this site is sourced from third-party providers and is believed to be reliable. OHLCX has not independently verified this data and does not guarantee its accuracy. Content is for educational and informational purposes only and is not financial or investment advice.
With any investment, your capital is at risk. Past performance is no guarantee of future results. Consult your provider's terms and privacy policies where applicable.
Market data is provided in near real-time when available, but we do not guarantee its accuracy or timeliness.
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