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DXD vs. DIA
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.0-1.0

Performance

DXD vs. DIA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Dow30 (DXD) and SPDR Dow Jones Industrial Average ETF (DIA). The values are adjusted to include any dividend payments, if applicable.

-20.00%-10.00%0.00%10.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
-13.10%
9.65%
DXD
DIA

Key characteristics

Sharpe Ratio

DXD:

-0.88

DIA:

1.56

Sortino Ratio

DXD:

-1.19

DIA:

2.24

Omega Ratio

DXD:

0.86

DIA:

1.29

Calmar Ratio

DXD:

-0.20

DIA:

2.90

Martin Ratio

DXD:

-1.52

DIA:

8.52

Ulcer Index

DXD:

13.02%

DIA:

2.06%

Daily Std Dev

DXD:

22.47%

DIA:

11.27%

Max Drawdown

DXD:

-99.62%

DIA:

-51.87%

Current Drawdown

DXD:

-99.58%

DIA:

-4.69%

Returns By Period

In the year-to-date period, DXD achieves a -17.46% return, which is significantly lower than DIA's 15.64% return. Over the past 10 years, DXD has underperformed DIA with an annualized return of -23.36%, while DIA has yielded a comparatively higher 11.38% annualized return.


DXD

YTD

-17.46%

1M

3.02%

6M

-14.08%

1Y

-18.54%

5Y*

-23.80%

10Y*

-23.36%

DIA

YTD

15.64%

1M

-1.04%

6M

10.39%

1Y

16.57%

5Y*

10.63%

10Y*

11.38%

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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.


DXD
ProShares UltraShort Dow30
Expense ratio chart for DXD: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for DIA: current value at 0.16% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.16%

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.


Sharpe ratio
The chart of Sharpe ratio for DXD, currently valued at -0.88, compared to the broader market0.002.004.00-0.881.56
The chart of Sortino ratio for DXD, currently valued at -1.19, compared to the broader market-2.000.002.004.006.008.0010.00-1.192.24
The chart of Omega ratio for DXD, currently valued at 0.86, compared to the broader market0.501.001.502.002.503.000.861.29
The chart of Calmar ratio for DXD, currently valued at -0.20, compared to the broader market0.005.0010.0015.00-0.202.90
The chart of Martin ratio for DXD, currently valued at -1.52, compared to the broader market0.0020.0040.0060.0080.00100.00-1.528.52
DXD
DIA

The current DXD Sharpe Ratio is -0.88, which is lower than the DIA Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of DXD and DIA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-2.00-1.000.001.002.003.00JulyAugustSeptemberOctoberNovemberDecember
-0.88
1.56
DXD
DIA

Dividends

DXD vs. DIA - Dividend Comparison

DXD's dividend yield for the trailing twelve months is around 4.18%, more than DIA's 1.59% yield.


TTM20232022202120202019201820172016201520142013
DXD
ProShares UltraShort Dow30
4.18%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
1.59%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 -99.62%, 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.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-99.58%
-4.69%
DXD
DIA

Volatility

DXD vs. DIA - Volatility Comparison

ProShares UltraShort Dow30 (DXD) has a higher volatility of 7.53% compared to SPDR Dow Jones Industrial Average ETF (DIA) at 3.83%. 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.


2.00%4.00%6.00%8.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
7.53%
3.83%
DXD
DIA
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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