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SDOW vs. UDOW
Performance
Return for Risk
Dividends
Drawdowns
Volatility

SDOW vs. UDOW

Last updated Apr 1, 2026

Compare and contrast key facts about ProShares UltraPro Short Dow30 (SDOW) and ProShares UltraPro Dow30 (UDOW).

SDOW and UDOW 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. 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 SDOW 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

SDOW vs. UDOW - Performance Comparison

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

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SDOW vs. UDOW - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SDOW
ProShares UltraPro Short Dow30		10.94%-33.94%-25.95%-28.78%4.00%-49.00%-66.48%-49.54%-0.30%-52.26%
UDOW
ProShares UltraPro Dow30		-13.10%24.46%28.47%32.72%-32.39%65.67%-17.15%75.24%-23.86%99.07%

Returns By Period

In the year-to-date period, SDOW achieves a 10.94% return, which is significantly higher than UDOW's -13.10% return. Over the past 10 years, SDOW has underperformed UDOW with an annualized return of -36.41%, while UDOW has yielded a comparatively higher 20.30% annualized 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%

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

Compare stocks, funds, or ETFs

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

ProShares UltraPro Short Dow30

ProShares UltraPro Dow30

Often compared with SDOW:
SDOW vs. ^DJISDOW vs. SPXUSDOW vs. SQQQSDOW vs. DIASDOW vs. DXDSDOW vs. QQQSDOW vs. DOG
Often compared with UDOW:
UDOW vs. TQQQUDOW vs. DIAUDOW vs. UPROUDOW vs. DDMUDOW vs. SPYUDOW vs. DUSLUDOW vs. DOG

SDOW vs. UDOW - Expense Ratio Comparison

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

SDOW
ProShares UltraPro Short Dow30
UDOW
ProShares UltraPro Dow30

Return for Risk

SDOW vs. UDOW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SDOW
SDOW Risk / Return Rank: 44
Overall Rank
SDOW Sharpe Ratio Rank: 33
Sharpe Ratio Rank
SDOW Sortino Ratio Rank: 33
Sortino Ratio Rank
SDOW Omega Ratio Rank: 33
Omega Ratio Rank
SDOW Calmar Ratio Rank: 33
Calmar Ratio Rank
SDOW Martin Ratio Rank: 77
Martin Ratio Rank
UDOW
UDOW Risk / Return Rank: 2727
Overall Rank
UDOW Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
UDOW Sortino Ratio Rank: 2929
Sortino Ratio Rank
UDOW Omega Ratio Rank: 2929
Omega Ratio Rank
UDOW Calmar Ratio Rank: 2929
Calmar Ratio Rank
UDOW Martin Ratio Rank: 2828
Martin Ratio Rank
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. UDOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short Dow30 (SDOW) 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.

SDOWUDOWDifference

Sharpe ratio

Return per unit of total volatility

-0.59

0.32

-0.92

Sortino ratio

Return per unit of downside risk

-0.61

0.81

-1.42

Omega ratio

Gain probability vs. loss probability

0.92

1.11

-0.19

Calmar ratio

Return relative to maximum drawdown

-0.54

0.65

-1.19

Martin ratio

Return relative to average drawdown

-0.70

2.13

-2.83

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SDOW vs. UDOW - Sharpe Ratio Comparison

The current SDOW Sharpe Ratio is -0.59, which is lower than the UDOW Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of SDOW and UDOW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

SDOWUDOWDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.59

0.32

-0.92

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.52

0.23

-0.75

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.70

0.39

-1.10

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.76

0.50

-1.26

Correlation

The correlation between SDOW and UDOW is -1.00. 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. UDOW - Dividend Comparison

SDOW's dividend yield for the trailing twelve months is around 4.19%, more than UDOW's 1.56% yield.

TTM20252024202320222021202020192018201720162015
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%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

SDOW vs. UDOW - Drawdown Comparison

The maximum SDOW drawdown since its inception was -99.96%, which is greater than UDOW's maximum drawdown of -80.29%. Use the drawdown chart below to compare losses from any high point for SDOW and UDOW.

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Drawdown Indicators

SDOWUDOWDifference

Max Drawdown

Largest peak-to-trough decline

-99.96%

-80.29%

-19.67%

Max Drawdown (1Y)

Largest decline over 1 year

-58.80%

-30.18%

-28.62%

Max Drawdown (5Y)

Largest decline over 5 years

-80.95%

-55.79%

-25.16%

Max Drawdown (10Y)

Largest decline over 10 years

-99.20%

-80.29%

-18.91%

Current Drawdown

Current decline from peak

-99.95%

-22.46%

-77.49%

Average Drawdown

Average peak-to-trough decline

-89.32%

-14.46%

-74.86%

Ulcer Index

Depth and duration of drawdowns from previous peaks

45.44%

9.21%

+36.23%

Volatility

SDOW vs. UDOW - Volatility Comparison

ProShares UltraPro Short Dow30 (SDOW) and ProShares UltraPro Dow30 (UDOW) have volatilities of 14.79% and 14.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SDOWUDOWDifference

Volatility (1M)

Calculated over the trailing 1-month period

14.79%

14.74%

+0.05%

Volatility (6M)

Calculated over the trailing 6-month period

27.65%

27.64%

+0.01%

Volatility (1Y)

Calculated over the trailing 1-year period

50.29%

50.20%

+0.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

44.15%

44.05%

+0.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

52.05%

51.68%

+0.37%