^DJI vs. SDOW
^DJI (Dow Jones Industrial Average) is an index, while SDOW (ProShares UltraPro Short Dow30) is Leveraged Equities fund tracking the Dow Jones Industrial Average (-300%). Over the past 10 years, ^DJI returned 11.11%/yr vs -37.91%/yr for SDOW. Their -1.00 correlation means they have often moved in opposite directions in the past.
Performance
^DJI vs. SDOW - Performance Comparison
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Returns By Period
In the year-to-date period, ^DJI achieves a 10.64% return, which is significantly higher than SDOW's -26.65% return. Over the past 10 years, ^DJI has outperformed SDOW with an annualized return of 11.11%, while SDOW has yielded a comparatively lower -37.91% annualized return.
^DJI
- 1D
- 1.32%
- 1M
- 0.53%
- 6M
- 7.63%
- YTD
- 10.64%
- 1Y
- 22.00%
- 3Y*
- 14.89%
- 5Y*
- 8.86%
- 10Y*
- 11.11%
- ALL TIME*
- 8.51%
SDOW
- 1D
- -3.91%
- 1M
- -1.62%
- 6M
- -20.61%
- YTD
- -26.65%
- 1Y
- -44.44%
- 3Y*
- -33.29%
- 5Y*
- -26.25%
- 10Y*
- -37.91%
- ALL TIME*
- -38.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $27.64T | $25.85T | $27.91T | |
| $88.77M | $79.30M | $110.33M |
^DJI vs. SDOW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^DJI Dow Jones Industrial Average | 10.64% | 12.97% | 12.88% | 13.70% | -8.78% | 18.73% | 7.25% | 22.34% | -5.63% | 25.08% |
SDOW ProShares UltraPro Short Dow30 | -26.65% | -33.94% | -25.95% | -28.78% | 4.00% | -49.00% | -66.48% | -49.54% | -0.30% | -52.26% |
Correlation
The correlation between ^DJI and SDOW is -1.00, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -1.00 |
Correlation (3Y) Balances recent behavior with more history. | -1.00 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -1.00 |
Correlation (10Y) Provides a long-term view across more market conditions. | -1.00 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2010 | -1.00 |
The correlation between ^DJI and SDOW has been stable across timeframes, ranging from -1.00 to -1.00 - a consistent structural relationship.
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Return for Risk
^DJI vs. SDOW — Risk / Return Rank
^DJI
SDOW
^DJI vs. SDOW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones Industrial Average (^DJI) and ProShares UltraPro Short Dow30 (SDOW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| ^DJI | SDOW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.96 | ||
| Sortino ratioReturn per unit of downside risk | +4.38 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.79 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | -1.04 | +3.25 |
| Martin ratioReturn relative to average drawdown | 8.40 | -1.75 | +10.16 |
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Drawdowns
^DJI vs. SDOW - Drawdown Comparison
The maximum ^DJI drawdown since its inception was -53.78%, smaller than the maximum SDOW drawdown of -99.97%. Use the drawdown chart below to compare losses from any high point for ^DJI and SDOW.
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Drawdown Indicators
| ^DJI | SDOW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.78% | -99.97% | +46.19% |
Max Drawdown (1Y)Largest decline over 1 year | -10.01% | -42.93% | +32.92% |
Max Drawdown (3Y)Largest decline over 3 years | -16.37% | -76.95% | +60.58% |
Max Drawdown (5Y)Largest decline over 5 years | -21.94% | -84.12% | +62.18% |
Max Drawdown (10Y)Largest decline over 10 years | -37.09% | -99.21% | +62.12% |
Current DrawdownCurrent decline from peak | 0.00% | -99.97% | +99.97% |
Average DrawdownAverage peak-to-trough decline | -8.00% | -89.66% | +81.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 27.11% | -24.49% |
Volatility
^DJI vs. SDOW - Volatility Comparison
The current volatility for Dow Jones Industrial Average (^DJI) is 3.82%, while ProShares UltraPro Short Dow30 (SDOW) has a volatility of 11.16%. This indicates that ^DJI experiences smaller price fluctuations and is considered to be less risky than SDOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^DJI | SDOW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 11.16% | -7.34% |
Volatility (6M)Calculated over the trailing 6-month period | 9.96% | 29.73% | -19.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.57% | 37.35% | -24.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.88% | 44.44% | -29.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.62% | 52.15% | -34.53% |
Frequently Asked Questions
^DJI and SDOW have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDOW has higher volatility (11.16%) compared to ^DJI (3.82%). In terms of maximum drawdown, ^DJI dropped -53.78% vs SDOW's -99.97%.
^DJI currently has the higher Sharpe Ratio (1.76 vs -1.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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