- ISIN
- US74347G3092
- CUSIP
- 74347G648
- Issuer
- ProShares
- Inception Date
- Feb 11, 2010
- Region
- North America (U.S.)
- Category
- Leveraged Equities
- Leveraged
- 3x
- Index Tracked
- Dow Jones Industrial Average (-300%)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $177M
Share Price Chart
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Performance
SDOW Performance Chart
ProShares UltraPro Short Dow30 (SDOW) is down 18.5% since the beginning of the year. SDOW is currently trading at $26 per share. Investors who bought $1,000 worth of SDOW shares 5 years ago would now be looking at an investment worth $233.
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Returns By Period
ProShares UltraPro Short Dow30 (SDOW) has returned -18.49% so far this year and -42.78% over the past 12 months. Over the last ten years, SDOW has returned -38.16% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
ProShares UltraPro Short Dow30
- 1D
- -1.52%
- 1M
- -10.30%
- YTD
- -18.49%
- 6M
- -21.02%
- 1Y
- -42.78%
- 3Y*
- -33.02%
- 5Y*
- -25.27%
- 10Y*
- -38.16%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
SDOW Monthly Returns History
Based on dividend-adjusted daily data since Feb 11, 2010, SDOW's average daily return is -0.14%, while the average monthly return is -3.26%.
Historically, 30% of months were positive and 70% were negative. The best month was Feb 2020 with a return of +31.2%, while the worst month was Oct 2022 at -34.1%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 10 months.
On a daily basis, SDOW closed higher 45% of trading days. The best single day was Mar 16, 2020 with a return of +36.1%, while the worst single day was Mar 24, 2020 at -31.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -4.69% | -0.69% | 17.21% | -18.94% | -7.60% | -1.90% | -18.49% | ||||||
| 2025 | -12.30% | 5.09% | 13.15% | 2.36% | -11.31% | -11.70% | 0.31% | -8.77% | -4.75% | -6.66% | -0.96% | -1.94% | -33.94% |
| 2024 | -2.50% | -5.63% | -5.50% | 17.21% | -6.45% | -2.11% | -11.55% | -5.17% | -4.65% | 4.82% | -20.05% | 18.37% | -25.95% |
| 2023 | -8.09% | 13.81% | -5.79% | -6.57% | 10.89% | -11.64% | -8.71% | 7.71% | 12.46% | 4.86% | -22.21% | -12.48% | -28.78% |
| 2022 | 9.77% | 8.62% | -8.93% | 13.99% | -3.88% | 19.59% | -18.49% | 11.34% | 29.60% | -34.10% | -16.81% | 13.37% | 4.00% |
| 2021 | 4.94% | -10.31% | -19.17% | -8.14% | -7.18% | -0.48% | -4.83% | -4.69% | 12.56% | -16.45% | 10.51% | -16.18% | -49.00% |
Benchmark Metrics
ProShares UltraPro Short Dow30 has an annualized alpha of 0.48%, beta of -2.71, and R2 of 0.91 versus S&P 500 Index. Calculated based on daily prices since February 12, 2010.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -446.18%), but participation in market rallies was also limited (-144.30%) - a profile typical of counter-cyclical assets.
- Beta of -2.71 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 0.48%
- Beta
- -2.71
- R²
- 0.91
- Upside Capture
- -144.30%
- Downside Capture
- -446.18%
Expense Ratio
SDOW has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
SDOW ranks 1 for risk / return — in the bottom 1% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProShares UltraPro Short Dow30 (SDOW) and compare them to S&P 500 Index.
| SDOW | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.19 | 2.39 | -3.58 |
Sortino ratioReturn per unit of downside risk | -1.81 | 3.25 | -5.06 |
Omega ratioGain probability vs. loss probability | 0.80 | 1.43 | -0.64 |
Calmar ratioReturn relative to maximum drawdown | -0.99 | 3.11 | -4.10 |
Martin ratioReturn relative to average drawdown | -1.57 | 14.38 | -15.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
ProShares UltraPro Short Dow30 provided a 5.71% dividend yield over the last twelve months, with an annual payout of $1.48 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.48 | $1.85 | $4.21 | $3.96 | $0.39 | $0.00 | $1.06 | $13.23 | $15.13 | $1.10 |
Dividend yield | 5.71% | 5.80% | 8.30% | 5.38% | 0.36% | 0.00% | 0.52% | 2.17% | 1.23% | 0.09% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares UltraPro Short Dow30. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.00 | $0.24 | ||||||
| 2025 | $0.00 | $0.00 | $0.61 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.44 | $1.85 |
| 2024 | $0.00 | $0.00 | $1.01 | $0.00 | $0.00 | $1.10 | $0.00 | $0.00 | $0.93 | $0.00 | $0.00 | $1.17 | $4.21 |
| 2023 | $0.00 | $0.00 | $0.88 | $0.00 | $0.00 | $1.03 | $0.00 | $0.00 | $1.03 | $0.00 | $0.00 | $1.01 | $3.96 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $0.39 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares UltraPro Short Dow30. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ProShares UltraPro Short Dow30 was 99.96%, occurring on Jun 2, 2026. The portfolio has not yet recovered.
The current ProShares UltraPro Short Dow30 drawdown is 99.96%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -99.96%Jun 2026 | 15y 11mo | — | 15y 11moJul 2010 - now |
2010 bear market2010 | -29.11%Apr 2010 | 2mo 9d | 2mo 7d | 4mo 16dFeb 2010 - Jul 2010 |
Drawdown Indicators
| SDOW | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.96% | -56.78% | -43.18% |
Max Drawdown (1Y)Largest decline over 1 year | -43.45% | -9.10% | -34.35% |
Max Drawdown (3Y)Largest decline over 3 years | -74.39% | -18.90% | -55.49% |
Max Drawdown (5Y)Largest decline over 5 years | -82.35% | -25.43% | -56.92% |
Max Drawdown (10Y)Largest decline over 10 years | -99.26% | -33.92% | -65.34% |
Current DrawdownCurrent decline from peak | -99.96% | 0.00% | -99.96% |
Average DrawdownAverage peak-to-trough decline | -89.43% | -10.72% | -78.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.35% | 1.97% | +25.38% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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