SDOW vs. BEG

Last updated Jun 24, 2026

SDOW (ProShares UltraPro Short Dow30) and BEG (Leverage Shares 2X Long BE Daily ETF) are both Leveraged Equities funds. SDOW is passively managed, while BEG is actively managed. At a correlation of -0.32, they often move in opposite directions. SDOW charges 0.95%/yr vs 0.75%/yr for BEG.

Performance

SDOW vs. BEG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro Short Dow30 (SDOW) and Leverage Shares 2X Long BE Daily ETF (BEG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SDOW achieves a -20.41% return, which is significantly lower than BEG's 658.88% return.

SDOW

• 1D: 0.32%
• 1M: -6.58%
• YTD: -20.41%
• 6M: -18.40%
• 1Y: -43.24%
• 3Y*: -33.77%
• 5Y*: -25.99%
• 10Y*: -38.66%

BEG

• 1D: -13.66%
• 1M: 4.00%
• YTD: 658.88%
• 6M: 577.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SDOW vs. BEG - Yearly Performance Comparison

	2026 (YTD)	2025
SDOW ProShares UltraPro Short Dow30	-20.41%	2.76%
BEG Leverage Shares 2X Long BE Daily ETF	658.88%	1.77%

Correlation

The correlation between SDOW and BEG is -0.32, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025	-0.32

Return for Risk

SDOW vs. BEG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SDOW

SDOW Risk / Return Rank: 1
SDOW Sharpe Ratio Rank: 1
SDOW Sortino Ratio Rank: 1
SDOW Omega Ratio Rank: 1
SDOW Calmar Ratio Rank: 0
SDOW Martin Ratio Rank: 0

BEG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

SDOW vs. BEG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short Dow30 (SDOW) and Leverage Shares 2X Long BE Daily ETF (BEG). 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.

	SDOW	BEG	Difference
Sharpe ratio: Return per unit of total volatility	-1.17	—	—
Sortino ratio: Return per unit of downside risk	-1.77	—	—
Omega ratio: Gain probability vs. loss probability	0.80	—	—
Calmar ratio: Return relative to maximum drawdown	-1.01	—	—
Martin ratio: Return relative to average drawdown	-1.70	—	—

Drawdowns

SDOW vs. BEG - Drawdown Comparison

The maximum SDOW drawdown since its inception was -99.96%, which is greater than BEG's maximum drawdown of -59.85%. Use the drawdown chart below to compare losses from any high point for SDOW and BEG.

Drawdown Indicators

	SDOW	BEG	Difference
Max Drawdown Largest peak-to-trough decline	-99.96%	-59.85%	-40.11%
Max Drawdown (1Y) Largest decline over 1 year	-42.83%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-75.55%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-83.15%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-99.29%	—	—
Current Drawdown Current decline from peak	-99.96%	-13.66%	-86.30%
Average Drawdown Average peak-to-trough decline	-89.59%	-16.74%	-72.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.36%	—	—

Volatility

Volatility by Period

	SDOW	BEG	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.39%	—	—
Volatility (6M) Calculated over the trailing 6-month period	29.43%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	37.16%	212.91%	-175.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.43%	212.91%	-168.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.13%	212.91%	-160.78%

SDOW vs. BEG - Expense Ratio Comparison

SDOW has a 0.95% expense ratio, which is higher than BEG's 0.75% expense ratio.

Dividends

SDOW vs. BEG - Dividend Comparison

SDOW's dividend yield for the trailing twelve months is around 5.85%, while BEG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BEG Leverage Shares 2X Long BE Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SDOW ProShares UltraPro Short Dow30	5.85%	5.80%	8.30%	5.38%	0.36%	0.00%	0.52%	2.17%	1.23%	0.09%

Frequently Asked Questions

Can I hold both SDOW and BEG in my portfolio?

SDOW and BEG have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SDOW or BEG?

On fees, BEG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SDOW or BEG?

BEG is cheaper with a 0.75% expense ratio, compared with 0.95% for SDOW.

Which ETF pays a higher dividend yield, SDOW or BEG?

SDOW has the higher dividend yield at 5.85%, compared with 0.00% for BEG.

What is the main difference between SDOW and BEG?

They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for SDOW and 0.75% for BEG.