SPXU vs. SDOW
Compare and contrast key facts about ProShares UltraPro Short S&P500 (SPXU) and ProShares UltraPro Short Dow30 (SDOW).
SPXU and SDOW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPXU is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (-300%). It was launched on Jun 25, 2009. 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. Both SPXU and SDOW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPXU or SDOW.
Performance
SPXU vs. SDOW - Performance Comparison
Returns By Period
In the year-to-date period, SPXU achieves a -45.44% return, which is significantly lower than SDOW's -33.63% return. Over the past 10 years, SPXU has underperformed SDOW with an annualized return of -39.38%, while SDOW has yielded a comparatively higher -37.06% annualized return.
SPXU
-45.44%
-4.65%
-28.85%
-52.04%
-46.44%
-39.38%
SDOW
-33.63%
-6.40%
-28.48%
-45.23%
-40.05%
-37.06%
Key characteristics
| SPXU | SDOW | |
|---|---|---|
| Sharpe Ratio | -1.45 | -1.40 |
| Sortino Ratio | -2.52 | -2.25 |
| Omega Ratio | 0.73 | 0.75 |
| Calmar Ratio | -0.53 | -0.46 |
| Martin Ratio | -1.50 | -1.68 |
| Ulcer Index | 35.01% | 27.41% |
| Daily Std Dev | 36.27% | 32.90% |
| Max Drawdown | -99.98% | -99.94% |
| Current Drawdown | -99.98% | -99.94% |
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SPXU vs. SDOW - Expense Ratio Comparison
SPXU has a 0.93% expense ratio, which is lower than SDOW's 0.95% expense ratio.
Correlation
The correlation between SPXU and SDOW is 0.93, 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
SPXU vs. SDOW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short S&P500 (SPXU) and ProShares UltraPro Short Dow30 (SDOW). 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.
Dividends
SPXU vs. SDOW - Dividend Comparison
SPXU's dividend yield for the trailing twelve months is around 11.62%, more than SDOW's 8.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
SPXU ProShares UltraPro Short S&P500 | 11.62% | 7.07% | 0.39% | 0.00% | 0.71% | 2.14% | 1.41% | 0.11% |
SDOW ProShares UltraPro Short Dow30 | 8.60% | 5.38% | 0.36% | 0.00% | 0.52% | 2.17% | 1.23% | 0.09% |
Drawdowns
SPXU vs. SDOW - Drawdown Comparison
The maximum SPXU drawdown since its inception was -99.98%, roughly equal to the maximum SDOW drawdown of -99.94%. Use the drawdown chart below to compare losses from any high point for SPXU and SDOW. For additional features, visit the drawdowns tool.
Volatility
SPXU vs. SDOW - Volatility Comparison
The current volatility for ProShares UltraPro Short S&P500 (SPXU) is 12.10%, while ProShares UltraPro Short Dow30 (SDOW) has a volatility of 13.89%. This indicates that SPXU experiences smaller price fluctuations and is considered to be less risky than SDOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.