Profunds index and sector trading

[Namiar]

Hey Steve,

I notice that you trade the RUT sometimes. Does the RUT track the NAZ reasonably closely? Or, are there differences that are great enough to exploit for short-term trading.

The Russell 2000 as I understand represents the 2000 stocks that have the lowest capitalization of the Russell 3000. And the Russell 3000 represents the 3000 largest stocks in the combined NYSE and NASDAQ/AMEX.

If I were to try and establish a RAIM for the Russell, would you key off of internals for the NASDAQ? or the NYSE? Or would it be a good idea to combine NYSE and NAZ internals?