EDOW vs. UDOW
Compare and contrast key facts about First Trust Dow 30 Equal Weight ETF (EDOW) and ProShares UltraPro Dow30 (UDOW).
EDOW and UDOW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EDOW is a passively managed fund by First Trust that tracks the performance of the Dow Jones Industrail Average Equal Weight TR. It was launched on Aug 8, 2017. UDOW is a passively managed fund by ProShares that tracks the performance of the Dow Jones Industrial Average (300%). It was launched on Feb 9, 2010. Both EDOW and UDOW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
EDOW vs. UDOW - Performance Comparison
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EDOW vs. UDOW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EDOW First Trust Dow 30 Equal Weight ETF | -1.45% | 15.46% | 13.17% | 15.47% | -7.45% | 18.82% | 6.64% | 24.69% | -2.04% | 11.90% |
UDOW ProShares UltraPro Dow30 | -13.10% | 24.46% | 28.47% | 32.72% | -32.39% | 65.67% | -17.15% | 75.24% | -23.86% | 41.76% |
Returns By Period
In the year-to-date period, EDOW achieves a -1.45% return, which is significantly higher than UDOW's -13.10% return.
EDOW
- 1D
- 1.76%
- 1M
- -5.43%
- YTD
- -1.45%
- 6M
- 2.32%
- 1Y
- 13.51%
- 3Y*
- 13.00%
- 5Y*
- 8.29%
- 10Y*
- —
UDOW
- 1D
- 7.38%
- 1M
- -16.17%
- YTD
- -13.10%
- 6M
- -5.67%
- 1Y
- 16.04%
- 3Y*
- 23.31%
- 5Y*
- 10.24%
- 10Y*
- 20.30%
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EDOW vs. UDOW - Expense Ratio Comparison
EDOW has a 0.50% expense ratio, which is lower than UDOW's 0.95% expense ratio.
Return for Risk
EDOW vs. UDOW — Risk / Return Rank
EDOW
UDOW
EDOW vs. UDOW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dow 30 Equal Weight ETF (EDOW) 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.
| EDOW | UDOW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 0.32 | +0.54 |
Sortino ratioReturn per unit of downside risk | 1.34 | 0.81 | +0.53 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.11 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.29 | 0.65 | +0.65 |
Martin ratioReturn relative to average drawdown | 5.49 | 2.13 | +3.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EDOW | UDOW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.32 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.23 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.50 | +0.10 |
Correlation
The correlation between EDOW and UDOW is 0.94, 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.
Dividends
EDOW vs. UDOW - Dividend Comparison
EDOW's dividend yield for the trailing twelve months is around 1.33%, less than UDOW's 1.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDOW First Trust Dow 30 Equal Weight ETF | 1.33% | 1.31% | 1.65% | 1.93% | 1.91% | 1.52% | 1.84% | 1.88% | 1.82% | 0.75% | 0.00% | 0.00% |
UDOW ProShares UltraPro Dow30 | 1.56% | 1.38% | 0.95% | 0.95% | 0.83% | 0.26% | 0.19% | 0.61% | 0.73% | 0.13% | 0.26% | 0.21% |
Drawdowns
EDOW vs. UDOW - Drawdown Comparison
The maximum EDOW drawdown since its inception was -33.72%, smaller than the maximum UDOW drawdown of -80.29%. Use the drawdown chart below to compare losses from any high point for EDOW and UDOW.
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Drawdown Indicators
| EDOW | UDOW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.72% | -80.29% | +46.57% |
Max Drawdown (1Y)Largest decline over 1 year | -11.30% | -30.18% | +18.88% |
Max Drawdown (5Y)Largest decline over 5 years | -21.98% | -55.79% | +33.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.29% | — |
Current DrawdownCurrent decline from peak | -6.80% | -22.46% | +15.66% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -14.46% | +10.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 9.21% | -6.54% |
Volatility
EDOW vs. UDOW - Volatility Comparison
The current volatility for First Trust Dow 30 Equal Weight ETF (EDOW) is 4.20%, while ProShares UltraPro Dow30 (UDOW) has a volatility of 14.74%. This indicates that EDOW experiences smaller price fluctuations and is considered to be less risky 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
| EDOW | UDOW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 14.74% | -10.54% |
Volatility (6M)Calculated over the trailing 6-month period | 8.03% | 27.64% | -19.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.75% | 50.20% | -34.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.20% | 44.05% | -29.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.85% | 51.68% | -33.83% |