DXD vs. DIA
Compare and contrast key facts about ProShares UltraShort Dow30 (DXD) and SPDR Dow Jones Industrial Average ETF (DIA).
DXD and DIA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DXD is a passively managed fund by ProShares that tracks the performance of the Dow Jones Industrial Average Index (-200%). It was launched on Jul 11, 2006. DIA is a passively managed fund by State Street that tracks the performance of the Dow Jones Industrial Average. It was launched on Jan 14, 1998. Both DXD and DIA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DXD or DIA.
Key characteristics
| DXD | DIA | |
|---|---|---|
| YTD Return | -21.93% | 18.27% |
| 1Y Return | -32.84% | 28.48% |
| 3Y Return (Ann) | -12.98% | 8.83% |
| 5Y Return (Ann) | -25.23% | 11.57% |
| 10Y Return (Ann) | -24.21% | 11.91% |
| Sharpe Ratio | -1.58 | 2.75 |
| Sortino Ratio | -2.40 | 3.87 |
| Omega Ratio | 0.73 | 1.52 |
| Calmar Ratio | -0.35 | 5.00 |
| Martin Ratio | -1.77 | 15.84 |
| Ulcer Index | 19.62% | 1.91% |
| Daily Std Dev | 21.97% | 11.02% |
| Max Drawdown | -99.61% | -51.87% |
| Current Drawdown | -99.60% | -0.72% |
Correlation
The correlation between DXD and DIA is -1.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
DXD vs. DIA - Performance Comparison
In the year-to-date period, DXD achieves a -21.93% return, which is significantly lower than DIA's 18.27% return. Over the past 10 years, DXD has underperformed DIA with an annualized return of -24.21%, while DIA has yielded a comparatively higher 11.91% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DXD vs. DIA - Expense Ratio Comparison
DXD has a 0.95% expense ratio, which is higher than DIA's 0.16% expense ratio.
Risk-Adjusted Performance
DXD vs. DIA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Dow30 (DXD) and SPDR Dow Jones Industrial Average ETF (DIA). 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.
Dividends
DXD vs. DIA - Dividend Comparison
DXD's dividend yield for the trailing twelve months is around 5.92%, more than DIA's 1.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXD ProShares UltraShort Dow30 | 5.92% | 3.87% | 0.25% | 0.00% | 0.30% | 1.77% | 1.16% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% |
DIA SPDR Dow Jones Industrial Average ETF | 1.56% | 1.81% | 1.91% | 1.58% | 1.87% | 2.09% | 2.24% | 1.97% | 2.26% | 2.33% | 2.02% | 2.08% |
Drawdowns
DXD vs. DIA - Drawdown Comparison
The maximum DXD drawdown since its inception was -99.61%, which is greater than DIA's maximum drawdown of -51.87%. Use the drawdown chart below to compare losses from any high point for DXD and DIA. For additional features, visit the drawdowns tool.
Volatility
DXD vs. DIA - Volatility Comparison
ProShares UltraShort Dow30 (DXD) has a higher volatility of 9.39% compared to SPDR Dow Jones Industrial Average ETF (DIA) at 4.50%. This indicates that DXD's price experiences larger fluctuations and is considered to be riskier than DIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.