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BULZ vs. UDOW
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BULZ vs. UDOW

Last updated Jun 13, 2026

BULZ (MicroSectors Solactive FANG & Innovation 3X Leveraged ETN) and UDOW (ProShares UltraPro Dow30) are both Leveraged Equities funds - BULZ tracks the Solactive FANG Innovation while UDOW tracks the Dow Jones Industrial Average (300%). Both are passively managed. Over the past 3 years, BULZ returned 77.02%/yr vs 32.31%/yr for UDOW. A 0.63 correlation means they provide meaningful diversification when combined. Both charge a 0.95% expense ratio.

Performance

BULZ vs. UDOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) and ProShares UltraPro Dow30 (UDOW). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BULZ achieves a 54.96% return, which is significantly higher than UDOW's 14.65% return.

BULZ

1D
2.00%
1M
-11.00%
YTD
54.96%
6M
57.61%
1Y
163.08%
3Y*
77.02%
5Y*
—
10Y*
—

UDOW

1D
2.07%
1M
8.49%
YTD
14.65%
6M
11.42%
1Y
51.98%
3Y*
32.31%
5Y*
13.79%
10Y*
23.82%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BULZ vs. UDOW - Yearly Performance Comparison

2026 (YTD)20252024202320222021
BULZ
MicroSectors Solactive FANG & Innovation 3X Leveraged ETN		54.96%60.09%54.09%394.22%-92.26%9.17%
UDOW
ProShares UltraPro Dow30		14.65%24.46%28.47%32.72%-32.39%8.11%

Correlation

The correlation between BULZ and UDOW is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.50

Correlation (3Y)
Calculated over the trailing 3-year period

0.53

Correlation (All Time)
Calculated using the full available price history since Aug 18, 2021

0.63

The correlation between BULZ and UDOW shifts across timeframes, from 0.50 (1 year) to 0.63 (all time), reflecting how their relationship changes across market environments.

BULZ vs. UDOW - Sectors Allocation Comparison

Sectors
BULZ
UDOW

Technology

62.3%
17.1%

Communication Services

25.0%
1.9%

Consumer Cyclical

12.8%
11.6%

Basic Materials

-

4.0%

Consumer Defensive

-

4.4%

Energy

-

2.4%

Financial Services

-

27.2%

Healthcare

-

13.1%

Industrials

-

18.4%

Real Estate

-

-

Utilities

-

-

Technology

BULZ
62.3%
UDOW
17.1%

Communication Services

BULZ
25.0%
UDOW
1.9%

Consumer Cyclical

BULZ
12.8%
UDOW
11.6%

Basic Materials

BULZ

-

UDOW
4.0%

Consumer Defensive

BULZ

-

UDOW
4.4%

Energy

BULZ

-

UDOW
2.4%

Financial Services

BULZ

-

UDOW
27.2%

Healthcare

BULZ

-

UDOW
13.1%

Industrials

BULZ

-

UDOW
18.4%

Real Estate

BULZ

-

UDOW

-

Utilities

BULZ

-

UDOW

-

Compare stocks, funds, or ETFs

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MicroSectors Solactive FANG & Innovation 3X Leveraged ETN

ProShares UltraPro Dow30

Often compared with BULZ:
BULZ vs. FNGUBULZ vs. SOXLBULZ vs. TECLBULZ vs. TQQQBULZ vs. BERZBULZ vs. FNGOBULZ vs. SMCI
Often compared with UDOW:
UDOW vs. TQQQUDOW vs. DIAUDOW vs. DDMUDOW vs. SDOWUDOW vs. UPROUDOW vs. SPYUDOW vs. DUSL

Return for Risk

BULZ vs. UDOW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BULZ
BULZ Risk / Return Rank: 6363
Overall Rank
BULZ Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
BULZ Sortino Ratio Rank: 5656
Sortino Ratio Rank
BULZ Omega Ratio Rank: 5959
Omega Ratio Rank
BULZ Calmar Ratio Rank: 6969
Calmar Ratio Rank
BULZ Martin Ratio Rank: 5353
Martin Ratio Rank
UDOW
UDOW Risk / Return Rank: 4444
Overall Rank
UDOW Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
UDOW Sortino Ratio Rank: 4444
Sortino Ratio Rank
UDOW Omega Ratio Rank: 4141
Omega Ratio Rank
UDOW Calmar Ratio Rank: 4242
Calmar Ratio Rank
UDOW Martin Ratio Rank: 4545
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BULZ vs. UDOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) and ProShares UltraPro Dow30 (UDOW). 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.

BULZUDOWDifference
Sharpe ratioReturn per unit of total volatility
2.12
1.40

+0.72

Sortino ratioReturn per unit of downside risk
2.36
1.99

+0.37

Omega ratioGain probability vs. loss probability

1.32

1.24

+0.08

Calmar ratioReturn relative to maximum drawdown

3.03

1.86

+1.17

Martin ratioReturn relative to average drawdown

7.94

6.59

+1.35

BULZ vs. UDOW - Sharpe Ratio Comparison

The current BULZ Sharpe Ratio is 2.12, which is higher than the UDOW Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of BULZ and UDOW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

BULZ vs. UDOW - Drawdown Comparison

The maximum BULZ drawdown since its inception was -94.44%, which is greater than UDOW's maximum drawdown of -80.29%. Use the drawdown chart below to compare losses from any high point for BULZ and UDOW.

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Drawdown Indicators

BULZUDOWDifference

Max Drawdown

Largest peak-to-trough decline

-94.44%

-80.29%

-14.15%

Max Drawdown (1Y)

Largest decline over 1 year

-54.22%

-28.07%

-26.15%

Max Drawdown (3Y)

Largest decline over 3 years

-67.96%

-44.83%

-23.13%

Max Drawdown (5Y)

Largest decline over 5 years

—

-55.79%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-80.29%

—

Current Drawdown

Current decline from peak

-26.99%

-2.65%

-24.34%

Average Drawdown

Average peak-to-trough decline

-58.18%

-14.37%

-43.81%

Ulcer Index

Depth and duration of drawdowns from previous peaks

20.62%

7.94%

+12.68%

Volatility

BULZ vs. UDOW - Volatility Comparison

MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) has a higher volatility of 30.02% compared to ProShares UltraPro Dow30 (UDOW) at 12.92%. This indicates that BULZ's price experiences larger fluctuations and is considered to be riskier than UDOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BULZUDOWDifference

Volatility (1M)

Calculated over the trailing 1-month period

30.02%

12.92%

+17.10%

Volatility (6M)

Calculated over the trailing 6-month period

61.86%

29.12%

+32.74%

Volatility (1Y)

Calculated over the trailing 1-year period

77.55%

37.38%

+40.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

91.54%

44.39%

+47.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

91.54%

51.84%

+39.70%

BULZ vs. UDOW - Expense Ratio Comparison

Both BULZ and UDOW have an expense ratio of 0.95%.

Dividends

BULZ vs. UDOW - Dividend Comparison

BULZ has not paid dividends to shareholders, while UDOW's dividend yield for the trailing twelve months is around 1.18%.

PositionTTM20252024202320222021202020192018201720162015
BULZ
MicroSectors Solactive FANG & Innovation 3X Leveraged ETN		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
UDOW
ProShares UltraPro Dow30		1.18%1.38%0.95%0.95%0.83%0.26%0.19%0.61%0.73%0.13%0.26%0.21%

Frequently Asked Questions

BULZ and UDOW have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BULZ has higher volatility (30.02%) compared to UDOW (12.92%). In terms of maximum drawdown, BULZ dropped -94.44% vs UDOW's -80.29%.

On 3-year performance, BULZ leads with 77.02% vs 32.31% for UDOW. Both ETFs have the same 0.95% expense ratio. On volatility, UDOW has been the lower-risk option at 12.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, BULZ has performed better with a 77.02% return vs 32.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

BULZ and UDOW have the same expense ratio: 0.95% per year.

UDOW has the higher dividend yield at 1.18%, compared with 0.00% for BULZ.

BULZ tracks Solactive FANG Innovation, while UDOW tracks Dow Jones Industrial Average (300%). They also come from different issuers: BMO and ProShares.

BULZ currently has the higher Sharpe Ratio (2.12 vs 1.40), 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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