- ISIN
- US74347X8231
- CUSIP
- 74347X823
- Issuer
- ProShares
- Inception Date
- Feb 9, 2010
- Region
- North America (U.S.)
- Category
- Leveraged Equities
- Leveraged
- 3x
- Index Tracked
- Dow Jones Industrial Average (300%)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $855M
Share Price Chart
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Performance
UDOW Performance Chart
ProShares UltraPro Dow30 (UDOW) is up 18.0% since the beginning of the year. UDOW is currently trading at $68 per share. Investors who bought $1,000 worth of UDOW shares 5 years ago would now be looking at an investment worth $2,072.
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Returns By Period
ProShares UltraPro Dow30 (UDOW) has returned 17.97% so far this year and 65.66% over the past 12 months. Looking at the last ten years, UDOW has achieved an annualized return of 24.83%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
ProShares UltraPro Dow30
- 1D
- 0.87%
- 1M
- 6.11%
- YTD
- 17.97%
- 6M
- 15.54%
- 1Y
- 65.66%
- 3Y*
- 35.65%
- 5Y*
- 15.69%
- 10Y*
- 24.83%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
UDOW Monthly Returns History
Based on dividend-adjusted daily data since Feb 11, 2010, UDOW's average daily return is +0.14%, while the average monthly return is +2.78%. At this rate, an investment would double in approximately 2.1 years.
Historically, 65% of months were positive and 35% were negative. The best month was Oct 2022 with a return of +45.2%, while the worst month was Mar 2020 at -52.2%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, UDOW closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +32.7%, while the worst single day was Mar 16, 2020 at -35.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.18% | -0.50% | -16.17% | 21.82% | 7.72% | 3.45% | 17.97% | ||||||
| 2025 | 13.32% | -5.35% | -13.10% | -13.80% | 11.18% | 12.74% | -0.57% | 9.12% | 4.94% | 6.64% | 0.05% | 1.73% | 24.46% |
| 2024 | 2.51% | 5.90% | 5.68% | -15.16% | 6.53% | 2.49% | 12.37% | 4.18% | 4.76% | -4.88% | 23.38% | -16.02% | 28.47% |
| 2023 | 7.58% | -12.66% | 4.66% | 6.68% | -10.34% | 12.71% | 9.60% | -7.40% | -10.96% | -5.32% | 28.12% | 14.20% | 32.72% |
| 2022 | -10.11% | -10.20% | 6.45% | -15.07% | -0.65% | -19.83% | 20.45% | -12.02% | -25.49% | 45.17% | 16.70% | -13.04% | -32.39% |
| 2021 | -6.21% | 10.16% | 21.35% | 7.92% | 6.19% | -0.57% | 3.56% | 4.04% | -12.64% | 18.31% | -10.72% | 16.64% | 65.67% |
Benchmark Metrics
ProShares UltraPro Dow30 has an annualized alpha of -0.71%, beta of 2.70, and R2 of 0.91 versus S&P 500 Index. Calculated based on daily prices since February 11, 2010.
- This ETF captured 380.77% of S&P 500 Index gains and 215.55% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- Beta of 2.70 means this ETF moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- -0.71%
- Beta
- 2.70
- R²
- 0.91
- Upside Capture
- 380.77%
- Downside Capture
- 215.55%
Expense Ratio
UDOW has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
UDOW ranks 50 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProShares UltraPro Dow30 (UDOW) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UDOW | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 2.78 | -0.43 |
| Martin ratioReturn relative to average drawdown | 8.33 | 12.44 | -4.11 |
Dividends
Dividend History
ProShares UltraPro Dow30 provided a 1.15% dividend yield over the last twelve months, with an annual payout of $0.78 per share. The fund has been increasing its distributions for 5 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.78 | $0.80 | $0.45 | $0.35 | $0.24 | $0.11 | $0.05 | $0.19 | $0.13 | $0.03 | $0.03 | $0.02 |
Dividend yield | 1.15% | 1.38% | 0.95% | 0.95% | 0.83% | 0.26% | 0.19% | 0.61% | 0.73% | 0.13% | 0.26% | 0.21% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares UltraPro 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 | $0.14 | $0.00 | $0.00 | $0.00 | $0.14 | ||||||
| 2025 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.20 | $0.80 |
| 2024 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.07 | $0.45 |
| 2023 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.35 |
| 2022 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.24 |
| 2021 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.06 | $0.11 |
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 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 Dow30 was 80.29%, occurring on Mar 23, 2020. Recovery took 264 trading sessions.
The current ProShares UltraPro Dow30 drawdown is 1.90%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -80.29%Mar 2020 | 1mo 9d | 1y 17d | 1y 1moFeb 2020 - Apr 2021 |
Bear market2022 | -55.79%Sep 2022 | 8mo 28d | 1y 9mo | 2y 6moJan 2022 - Jul 2024 |
Rate-hike selloffLate 2018 | -49.22%Dec 2018 | 10mo 29d | 10mo 26d | 1y 9moJan 2018 - Nov 2019 |
2011 bear market2011 | -45.61%Oct 2011 | 5mo 4d | 5mo 12d | 10mo 16dMay 2011 - Mar 2012 |
2025 selloff2025 | -44.83%Apr 2025 | 4mo 4d | 6mo 19d | 10mo 23dDec 2024 - Oct 2025 |
Drawdown Indicators
| UDOW | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.29% | -56.78% | -23.51% |
Max Drawdown (1Y)Largest decline over 1 year | -28.07% | -9.10% | -18.97% |
Max Drawdown (3Y)Largest decline over 3 years | -44.83% | -18.90% | -25.93% |
Max Drawdown (5Y)Largest decline over 5 years | -55.79% | -25.43% | -30.36% |
Max Drawdown (10Y)Largest decline over 10 years | -80.29% | -33.92% | -46.37% |
Current DrawdownCurrent decline from peak | -1.90% | -1.80% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -14.35% | -10.71% | -3.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.91% | 2.03% | +5.88% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Build a portfolio with UDOW
Add ProShares UltraPro Dow30 to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
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