PortfoliosLab logo
SDOW vs. SPXS
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SDOW and SPXS is -0.92. 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
Correlation: -0.9

Performance

SDOW vs. SPXS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro Short Dow30 (SDOW) and Direxion Daily S&P 500 Bear 3X Shares (SPXS). The values are adjusted to include any dividend payments, if applicable.

-99.97%-99.96%-99.95%-99.94%-99.93%-99.92%-99.91%-99.90%NovemberDecember2025FebruaryMarchApril
-99.92%
-99.97%
SDOW
SPXS

Key characteristics

Sharpe Ratio

SDOW:

-0.33

SPXS:

-0.51

Sortino Ratio

SDOW:

-0.14

SPXS:

-0.42

Omega Ratio

SDOW:

0.98

SPXS:

0.94

Calmar Ratio

SDOW:

-0.17

SPXS:

-0.29

Martin Ratio

SDOW:

-0.68

SPXS:

-0.99

Ulcer Index

SDOW:

24.32%

SPXS:

29.54%

Daily Std Dev

SDOW:

50.90%

SPXS:

57.65%

Max Drawdown

SDOW:

-99.94%

SPXS:

-100.00%

Current Drawdown

SDOW:

-99.92%

SPXS:

-99.99%

Returns By Period

In the year-to-date period, SDOW achieves a 10.86% return, which is significantly higher than SPXS's 9.98% return. Over the past 10 years, SDOW has outperformed SPXS with an annualized return of -35.00%, while SPXS has yielded a comparatively lower -37.99% annualized return.


SDOW

YTD

10.86%

1M

10.95%

6M

9.88%

1Y

-15.23%

5Y*

-35.20%

10Y*

-35.00%

SPXS

YTD

9.98%

1M

4.28%

6M

6.97%

1Y

-26.62%

5Y*

-41.61%

10Y*

-37.99%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


SDOW vs. SPXS - Expense Ratio Comparison

SDOW has a 0.95% expense ratio, which is lower than SPXS's 1.08% expense ratio.


Expense ratio chart for SPXS: current value is 1.08%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPXS: 1.08%
Expense ratio chart for SDOW: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SDOW: 0.95%

Risk-Adjusted Performance

SDOW vs. SPXS — Risk-Adjusted Performance Rank

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

SDOW
The Risk-Adjusted Performance Rank of SDOW is 1111
Overall Rank
The Sharpe Ratio Rank of SDOW is 99
Sharpe Ratio Rank
The Sortino Ratio Rank of SDOW is 1313
Sortino Ratio Rank
The Omega Ratio Rank of SDOW is 1212
Omega Ratio Rank
The Calmar Ratio Rank of SDOW is 1212
Calmar Ratio Rank
The Martin Ratio Rank of SDOW is 1010
Martin Ratio Rank

SPXS
The Risk-Adjusted Performance Rank of SPXS is 77
Overall Rank
The Sharpe Ratio Rank of SPXS is 55
Sharpe Ratio Rank
The Sortino Ratio Rank of SPXS is 77
Sortino Ratio Rank
The Omega Ratio Rank of SPXS is 77
Omega Ratio Rank
The Calmar Ratio Rank of SPXS is 77
Calmar Ratio Rank
The Martin Ratio Rank of SPXS is 77
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SDOW vs. SPXS - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short Dow30 (SDOW) and Direxion Daily S&P 500 Bear 3X Shares (SPXS). 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.


The chart of Sharpe ratio for SDOW, currently valued at -0.33, compared to the broader market-1.000.001.002.003.004.00
SDOW: -0.33
SPXS: -0.51
The chart of Sortino ratio for SDOW, currently valued at -0.14, compared to the broader market-2.000.002.004.006.008.00
SDOW: -0.14
SPXS: -0.42
The chart of Omega ratio for SDOW, currently valued at 0.98, compared to the broader market0.501.001.502.002.50
SDOW: 0.98
SPXS: 0.94
The chart of Calmar ratio for SDOW, currently valued at -0.17, compared to the broader market0.002.004.006.008.0010.0012.00
SDOW: -0.17
SPXS: -0.29
The chart of Martin ratio for SDOW, currently valued at -0.68, compared to the broader market0.0020.0040.0060.00
SDOW: -0.68
SPXS: -0.99

The current SDOW Sharpe Ratio is -0.33, which is higher than the SPXS Sharpe Ratio of -0.51. The chart below compares the historical Sharpe Ratios of SDOW and SPXS, 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-1.50-1.00-0.500.00NovemberDecember2025FebruaryMarchApril
-0.33
-0.51
SDOW
SPXS

Dividends

SDOW vs. SPXS - Dividend Comparison

SDOW's dividend yield for the trailing twelve months is around 6.87%, more than SPXS's 4.91% yield.


TTM20242023202220212020201920182017
SDOW
ProShares UltraPro Short Dow30
6.87%8.30%5.38%0.36%0.00%0.52%2.17%1.23%0.09%
SPXS
Direxion Daily S&P 500 Bear 3X Shares
4.91%6.18%5.66%0.00%0.00%0.51%1.74%0.58%0.00%

Drawdowns

SDOW vs. SPXS - Drawdown Comparison

The maximum SDOW drawdown since its inception was -99.94%, roughly equal to the maximum SPXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SDOW and SPXS. For additional features, visit the drawdowns tool.


-99.97%-99.96%-99.95%-99.94%-99.93%-99.92%-99.91%-99.90%NovemberDecember2025FebruaryMarchApril
-99.92%
-99.97%
SDOW
SPXS

Volatility

SDOW vs. SPXS - Volatility Comparison

The current volatility for ProShares UltraPro Short Dow30 (SDOW) is 38.10%, while Direxion Daily S&P 500 Bear 3X Shares (SPXS) has a volatility of 45.32%. This indicates that SDOW experiences smaller price fluctuations and is considered to be less risky than SPXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%20.00%30.00%40.00%50.00%NovemberDecember2025FebruaryMarchApril
38.10%
45.32%
SDOW
SPXS