DXD vs. SDOW
Compare and contrast key facts about ProShares UltraShort Dow30 (DXD) and ProShares UltraPro Short Dow30 (SDOW).
DXD and SDOW 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. SDOW is a passively managed fund by ProShares that tracks the performance of the Dow Jones Industrial Average (-300%). It was launched on Feb 11, 2010. Both DXD and SDOW 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 SDOW.
Key characteristics
| DXD | SDOW | |
|---|---|---|
| YTD Return | -21.77% | -33.92% |
| 1Y Return | -34.62% | -49.62% |
| 3Y Return (Ann) | -12.94% | -22.55% |
| 5Y Return (Ann) | -25.44% | -40.26% |
| 10Y Return (Ann) | -24.20% | -37.31% |
| Sharpe Ratio | -1.58 | -1.51 |
| Sortino Ratio | -2.40 | -2.52 |
| Omega Ratio | 0.73 | 0.72 |
| Calmar Ratio | -0.35 | -0.50 |
| Martin Ratio | -1.61 | -1.58 |
| Ulcer Index | 21.66% | 31.56% |
| Daily Std Dev | 21.97% | 32.94% |
| Max Drawdown | -99.61% | -99.94% |
| Current Drawdown | -99.60% | -99.94% |
Correlation
The correlation between DXD and SDOW is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DXD vs. SDOW - Performance Comparison
In the year-to-date period, DXD achieves a -21.77% return, which is significantly higher than SDOW's -33.92% return. Over the past 10 years, DXD has outperformed SDOW with an annualized return of -24.20%, while SDOW has yielded a comparatively lower -37.31% 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. SDOW - Expense Ratio Comparison
Both DXD and SDOW have an expense ratio of 0.95%.
Risk-Adjusted Performance
DXD vs. SDOW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Dow30 (DXD) 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.
Dividends
DXD vs. SDOW - Dividend Comparison
DXD's dividend yield for the trailing twelve months is around 5.91%, less than SDOW's 7.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
DXD ProShares UltraShort Dow30 | 5.91% | 3.87% | 0.25% | 0.00% | 0.30% | 1.77% | 1.16% | 0.13% |
SDOW ProShares UltraPro Short Dow30 | 7.15% | 5.38% | 0.36% | 0.00% | 0.52% | 2.17% | 1.23% | 0.09% |
Drawdowns
DXD vs. SDOW - Drawdown Comparison
The maximum DXD drawdown since its inception was -99.61%, roughly equal to the maximum SDOW drawdown of -99.94%. Use the drawdown chart below to compare losses from any high point for DXD and SDOW. For additional features, visit the drawdowns tool.
Volatility
DXD vs. SDOW - Volatility Comparison
The current volatility for ProShares UltraShort Dow30 (DXD) is 9.57%, while ProShares UltraPro Short Dow30 (SDOW) has a volatility of 14.27%. This indicates that DXD 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.