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SDOW vs. SQQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

SDOW vs. SQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro Short Dow30 (SDOW) and ProShares UltraPro Short QQQ (SQQQ). The values are adjusted to include any dividend payments, if applicable.

-100.00%-80.00%-60.00%-40.00%-20.00%0.00%20.00%JuneJulyAugustSeptemberOctoberNovember
-22.22%
-100.00%
SDOW
SQQQ

Returns By Period

In the year-to-date period, SDOW achieves a -31.47% return, which is significantly higher than SQQQ's -46.91% return. Over the past 10 years, SDOW has outperformed SQQQ with an annualized return of -36.90%, while SQQQ has yielded a comparatively lower -52.05% annualized return.


SDOW

YTD

-31.47%

1M

-1.08%

6M

-21.83%

1Y

-44.84%

5Y (annualized)

-39.75%

10Y (annualized)

-36.90%

SQQQ

YTD

-46.91%

1M

-3.62%

6M

-27.94%

1Y

-55.22%

5Y (annualized)

-59.12%

10Y (annualized)

-52.05%

Key characteristics


SDOWSQQQ
Sharpe Ratio-1.37-1.06
Sortino Ratio-2.18-1.78
Omega Ratio0.750.81
Calmar Ratio-0.45-0.55
Martin Ratio-1.57-1.43
Ulcer Index28.64%38.64%
Daily Std Dev32.86%52.33%
Max Drawdown-99.94%-100.00%
Current Drawdown-99.93%-100.00%

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SDOW vs. SQQQ - Expense Ratio Comparison

Both SDOW and SQQQ have an expense ratio of 0.95%.


SDOW
ProShares UltraPro Short Dow30
Expense ratio chart for SDOW: 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 SQQQ: 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%

Correlation

-0.50.00.51.00.7

The correlation between SDOW and SQQQ is 0.73, 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.

Risk-Adjusted Performance

SDOW vs. SQQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short Dow30 (SDOW) and ProShares UltraPro Short QQQ (SQQQ). 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 SDOW, currently valued at -1.37, compared to the broader market0.002.004.006.00-1.37-1.06
The chart of Sortino ratio for SDOW, currently valued at -2.18, compared to the broader market-2.000.002.004.006.008.0010.00-2.18-1.78
The chart of Omega ratio for SDOW, currently valued at 0.75, compared to the broader market0.501.001.502.002.503.000.750.81
The chart of Calmar ratio for SDOW, currently valued at -0.45, compared to the broader market0.005.0010.0015.00-0.45-0.55
The chart of Martin ratio for SDOW, currently valued at -1.57, compared to the broader market0.0020.0040.0060.0080.00100.00-1.57-1.43
SDOW
SQQQ

The current SDOW Sharpe Ratio is -1.37, which is comparable to the SQQQ Sharpe Ratio of -1.06. The chart below compares the historical Sharpe Ratios of SDOW and SQQQ, 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-1.60-1.40-1.20-1.00-0.80-0.60JuneJulyAugustSeptemberOctoberNovember
-1.37
-1.06
SDOW
SQQQ

Dividends

SDOW vs. SQQQ - Dividend Comparison

SDOW's dividend yield for the trailing twelve months is around 6.90%, less than SQQQ's 9.27% yield.


TTM2023202220212020201920182017
SDOW
ProShares UltraPro Short Dow30
6.90%5.38%0.36%0.00%0.52%2.17%1.23%0.09%
SQQQ
ProShares UltraPro Short QQQ
9.27%8.01%0.06%0.00%2.15%2.92%1.47%0.14%

Drawdowns

SDOW vs. SQQQ - Drawdown Comparison

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


-100.00%-99.98%-99.96%-99.94%-99.92%-99.90%JuneJulyAugustSeptemberOctoberNovember
-99.93%
-100.00%
SDOW
SQQQ

Volatility

SDOW vs. SQQQ - Volatility Comparison

The current volatility for ProShares UltraPro Short Dow30 (SDOW) is 14.14%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 16.84%. This indicates that SDOW experiences smaller price fluctuations and is considered to be less risky than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%25.00%JuneJulyAugustSeptemberOctoberNovember
14.14%
16.84%
SDOW
SQQQ