SDOW vs. TERG

Last updated Apr 1, 2026

Compare and contrast key facts about ProShares UltraPro Short Dow30 (SDOW) and Leverage Shares 2X Long TER Daily ETF (TERG).

SDOW and TERG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. TERG is an actively managed fund by Leverage Shares. It was launched on Nov 17, 2025.

Performance

SDOW vs. TERG - 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 TER Daily ETF (TERG). The values are adjusted to include any dividend payments, if applicable.

SDOW vs. TERG - Yearly Performance Comparison

	2026 (YTD)	2025
SDOW ProShares UltraPro Short Dow30	10.94%	-8.68%
TERG Leverage Shares 2X Long TER Daily ETF	102.79%	28.17%

Returns By Period

In the year-to-date period, SDOW achieves a 10.94% return, which is significantly lower than TERG's 102.79% return.

SDOW

• 1D: -7.24%
• 1M: 17.21%
• YTD: 10.94%
• 6M: 0.57%
• 1Y: -29.73%
• 3Y*: -26.80%
• 5Y*: -22.86%
• 10Y*: -36.41%

TERG

• 1D: 14.40%
• 1M: -19.76%
• YTD: 102.79%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SDOW vs. TERG - Expense Ratio Comparison

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

SDOW

ProShares UltraPro Short Dow30

TERG

Leverage Shares 2X Long TER Daily ETF

Return for Risk

SDOW vs. TERG — Risk / Return Rank

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

SDOW

SDOW Risk / Return Rank: 4
SDOW Sharpe Ratio Rank: 3
SDOW Sortino Ratio Rank: 3
SDOW Omega Ratio Rank: 3
SDOW Calmar Ratio Rank: 3
SDOW Martin Ratio Rank: 7

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. TERG - 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 TER Daily ETF (TERG). 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.

	SDOW	TERG	Difference
Sharpe ratio Return per unit of total volatility	-0.59	—	—
Sortino ratio Return per unit of downside risk	-0.61	—	—
Omega ratio Gain probability vs. loss probability	0.92	—	—
Calmar ratio Return relative to maximum drawdown	-0.54	—	—
Martin ratio Return relative to average drawdown	-0.70	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SDOW	TERG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.59	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.52	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.70	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.76	10.56	-11.32

Correlation

The correlation between SDOW and TERG is -0.58. 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.

Dividends

SDOW vs. TERG - Dividend Comparison

SDOW's dividend yield for the trailing twelve months is around 4.19%, while TERG has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
SDOW ProShares UltraPro Short Dow30	4.19%	5.80%	8.30%	5.38%	0.36%	0.00%	0.52%	2.17%	1.23%	0.09%
TERG Leverage Shares 2X Long TER Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

SDOW vs. TERG - Drawdown Comparison

The maximum SDOW drawdown since its inception was -99.96%, which is greater than TERG's maximum drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for SDOW and TERG.

Drawdown Indicators

	SDOW	TERG	Difference
Max Drawdown Largest peak-to-trough decline	-99.96%	-39.32%	-60.64%
Max Drawdown (1Y) Largest decline over 1 year	-58.80%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-80.95%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-99.20%	—	—
Current Drawdown Current decline from peak	-99.95%	-30.58%	-69.37%
Average Drawdown Average peak-to-trough decline	-89.32%	-9.77%	-79.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	45.44%	—	—

Volatility

Volatility by Period

	SDOW	TERG	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.79%	—	—
Volatility (6M) Calculated over the trailing 6-month period	27.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	50.29%	124.59%	-74.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.15%	124.59%	-80.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.05%	124.59%	-72.54%