ITWO: Downgrading To Hold As The High Volatility Tailwind Fades

I downgrade the ProShares Russell 2000 High Income ETF from Buy to Hold as the volatile regime that fueled recent outperformance is fading. ITWO's total return engines—capital appreciation and option premium income—face headwinds from a low volatility environment and higher long-end yields. Forward scenarios for the Russell 2000 are limited to flat or negative performance, with a rally ruled out due to macro conditions and rate pressures.

Seeking Alpha • Sep 16, 2026

Small Caps Pay Too: The 42% Friday Payer Riding the Russell's Big Year

The iShares Russell 2000 ETF (NYSEARCA:  IWM) has delivered what small-cap holders hoped for in 2026.

24/7 Wall Street • Aug 12, 2026

Clients Nearing Retirement? Try This New Flavor of Income ETFs

Right now, advisors are facing a massive generation of clients trying to navigate retirement. That's challenging enough, but with inflation and the cost of living rising, assuaging those clients' concerns and delivering for them has become much trickier.

ETF Trends • Jul 2, 2026

How Russell 2000 High Income ETF ITWO Is Outperforming

The ETF landscape includes plenty of exciting ETFs. Not all, however, can claim to combine high current income and outperformance.

ETF Trends • Jun 25, 2026

ITWO: A 7.5% Yield From A Smarter Covered-Call Strategy

ProShares Russell 2000 High Income ETF offers Russell 2000 exposure with a dynamic daily covered call strategy, balancing premium income and upside participation. The fund's volatility-managed approach adjusts call strikes based on market conditions, mitigating exercise risk during volatility spikes. Since launch, ITWO has matched Russell 2000 returns and outperformed IWM on a risk-adjusted basis, with a Sharpe ratio of 0.85 versus 0.79.

Seeking Alpha • Jun 20, 2026

ITWO: Reduce Small-Cap Risk With Monthly Income

ProShares Russell 2000 ETF offers efficient exposure to the Russell 2000 Index, capitalizing on small-cap volatility. ITWO's appeal lies in targeting small-cap companies with potential for outsized earnings growth, despite historical underperformance versus large-cap indices. Russell 2000 ETFs like ITWO face performance drag due to inclusion of numerous underperformers within the index.

Seeking Alpha • Jun 20, 2026

Covered Call ETFs Have Boomed – But Can They Be More?

Investors have plenty of reasons to celebrate the covered call ETF boom. Covered call strategies have offered new ways to add income to portfolios.

ETF Trends • Jun 18, 2026

Solving the Covered Call Conundrum With Daily Options

In a recent ProShares webcast, Global Investment Strategist Simeon Hyman and Director of Investment Strategy Kieran Kirwan zeroed in on a persistent frustration for income-focused investors: why traditional covered call strategies tend to fall behind when markets rebound.

ETF Trends • Apr 17, 2026

Too Many Investors Pile Into SPY and Miss These 4 Small-Cap ETFs Beating the Market

Small-cap stocks have gained roughly 21% over the past year despite a choppy start to 2026.

24/7 Wall Street • Mar 24, 2026

ITWO: Russell 2000 Covered Call Strategy That Outperforms Its Peers

ProShares Russell 2000 High Income ETF (ITWO) offers direct small-cap exposure paired with 0DTE covered calls to provide investors growth and income. ITWO outperformed peer covered call strategies over the past year, benefiting from its 0DTE approach and direct equity investment. Small-cap outperformance is expected in 2026 due to potential rate cuts, sector rotation, and industrials growth themes.

Seeking Alpha • Mar 20, 2026