PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
SRTY vs. SDOW
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SRTY vs. SDOW

Last updated Jun 24, 2026

SRTY (ProShares UltraPro Short Russell2000) and SDOW (ProShares UltraPro Short Dow30) are both Leveraged Equities funds from ProShares - SRTY tracks the Russell 2000 Index (-300%) while SDOW tracks the Dow Jones Industrial Average (-300%). Both are passively managed. Over the past 10 years, SRTY returned -44.65%/yr vs -38.66%/yr for SDOW. A 0.80 correlation means they provide meaningful diversification when combined. Both charge a 0.95% expense ratio.

Performance

SRTY vs. SDOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro Short Russell2000 (SRTY) and ProShares UltraPro Short Dow30 (SDOW). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, SRTY achieves a -46.00% return, which is significantly lower than SDOW's -20.41% return. Over the past 10 years, SRTY has underperformed SDOW with an annualized return of -44.65%, while SDOW has yielded a comparatively higher -38.66% annualized return.

SRTY

1D
2.94%
1M
-11.85%
YTD
-46.00%
6M
-41.91%
1Y
-67.40%
3Y*
-47.20%
5Y*
-31.09%
10Y*
-44.65%

SDOW

1D
0.32%
1M
-6.58%
YTD
-20.41%
6M
-18.40%
1Y
-43.24%
3Y*
-33.77%
5Y*
-25.99%
10Y*
-38.66%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SRTY vs. SDOW - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SRTY
ProShares UltraPro Short Russell2000		-46.00%-40.55%-32.91%-42.02%28.99%-51.67%-80.61%-53.83%23.37%-38.31%
SDOW
ProShares UltraPro Short Dow30		-20.41%-33.94%-25.95%-28.78%4.00%-49.00%-66.48%-49.54%-0.30%-52.26%

Correlation

The correlation between SRTY and SDOW is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.78

Correlation (3Y)
Calculated over the trailing 3-year period

0.77

Correlation (5Y)
Calculated over the trailing 5-year period

0.80

Correlation (10Y)
Calculated over the trailing 10-year period

0.78

Correlation (All Time)
Calculated using the full available price history since Feb 11, 2010

0.80

The correlation between SRTY and SDOW has been stable across timeframes, ranging from 0.77 to 0.80 - a consistent structural relationship.

SRTY vs. SDOW - Sectors Allocation Comparison

Sectors
SRTY
SDOW

Financial Services

49.6%
83.7%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Financial Services

SRTY
49.6%
SDOW
83.7%

Basic Materials

SRTY

-

SDOW

-

Communication Services

SRTY

-

SDOW

-

Consumer Cyclical

SRTY

-

SDOW

-

Consumer Defensive

SRTY

-

SDOW

-

Energy

SRTY

-

SDOW

-

Healthcare

SRTY

-

SDOW

-

Industrials

SRTY

-

SDOW

-

Real Estate

SRTY

-

SDOW

-

Technology

SRTY

-

SDOW

-

Utilities

SRTY

-

SDOW

-

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 Russell2000

ProShares UltraPro Short Dow30

Often compared with SRTY:
SRTY vs. TZASRTY vs. URTYSRTY vs. YANGSRTY vs. SQQQSRTY vs. HIBSSRTY vs. SPYSRTY vs. UPRO
Often compared with SDOW:
SDOW vs. UDOWSDOW vs. SQQQSDOW vs. SPXUSDOW vs. ^DJISDOW vs. DIASDOW vs. DXDSDOW vs. QQQ

Return for Risk

SRTY vs. SDOW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SRTY
SRTY Risk / Return Rank: 11
Overall Rank
SRTY Sharpe Ratio Rank: 11
Sharpe Ratio Rank
SRTY Sortino Ratio Rank: 00
Sortino Ratio Rank
SRTY Omega Ratio Rank: 11
Omega Ratio Rank
SRTY Calmar Ratio Rank: 00
Calmar Ratio Rank
SRTY Martin Ratio Rank: 11
Martin Ratio Rank
SDOW
SDOW Risk / Return Rank: 11
Overall Rank
SDOW Sharpe Ratio Rank: 11
Sharpe Ratio Rank
SDOW Sortino Ratio Rank: 11
Sortino Ratio Rank
SDOW Omega Ratio Rank: 11
Omega Ratio Rank
SDOW Calmar Ratio Rank: 00
Calmar Ratio Rank
SDOW Martin Ratio Rank: 00
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.

SRTY vs. SDOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short Russell2000 (SRTY) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

SRTYSDOWDifference
Sharpe ratioReturn per unit of total volatility
-1.15
-1.17

+0.02

Sortino ratioReturn per unit of downside risk
-2.11
-1.77

-0.34

Omega ratioGain probability vs. loss probability

0.77

0.80

-0.03

Calmar ratioReturn relative to maximum drawdown

-0.99

-1.01

+0.02

Martin ratioReturn relative to average drawdown

-1.56

-1.70

+0.15

SRTY vs. SDOW - Sharpe Ratio Comparison

The current SRTY Sharpe Ratio is -1.15, which is comparable to the SDOW Sharpe Ratio of -1.17. The chart below compares the historical Sharpe Ratios of SRTY and SDOW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

SRTY vs. SDOW - Drawdown Comparison

The maximum SRTY drawdown since its inception was -100.00%, roughly equal to the maximum SDOW drawdown of -99.96%. Use the drawdown chart below to compare losses from any high point for SRTY and SDOW.

Loading charts...

Drawdown Indicators

SRTYSDOWDifference

Max Drawdown

Largest peak-to-trough decline

-100.00%

-99.96%

-0.04%

Max Drawdown (1Y)

Largest decline over 1 year

-68.17%

-42.83%

-25.34%

Max Drawdown (3Y)

Largest decline over 3 years

-89.46%

-75.55%

-13.91%

Max Drawdown (5Y)

Largest decline over 5 years

-91.87%

-83.15%

-8.72%

Max Drawdown (10Y)

Largest decline over 10 years

-99.76%

-99.29%

-0.47%

Current Drawdown

Current decline from peak

-100.00%

-99.96%

-0.04%

Average Drawdown

Average peak-to-trough decline

-94.14%

-89.59%

-4.55%

Ulcer Index

Depth and duration of drawdowns from previous peaks

43.57%

27.36%

+16.21%

Volatility

SRTY vs. SDOW - Volatility Comparison

ProShares UltraPro Short Russell2000 (SRTY) has a higher volatility of 19.61% compared to ProShares UltraPro Short Dow30 (SDOW) at 12.39%. This indicates that SRTY's price experiences larger fluctuations and is considered to be riskier than SDOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

SRTYSDOWDifference

Volatility (1M)

Calculated over the trailing 1-month period

19.61%

12.39%

+7.22%

Volatility (6M)

Calculated over the trailing 6-month period

43.09%

29.43%

+13.66%

Volatility (1Y)

Calculated over the trailing 1-year period

58.89%

37.16%

+21.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

67.68%

44.43%

+23.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

68.42%

52.13%

+16.29%

SRTY vs. SDOW - Expense Ratio Comparison

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

Dividends

SRTY vs. SDOW - Dividend Comparison

SRTY's dividend yield for the trailing twelve months is around 10.12%, more than SDOW's 5.85% yield.

PositionTTM202520242023202220212020201920182017
SDOW
ProShares UltraPro Short Dow30		5.85%5.80%8.30%5.38%0.36%0.00%0.52%2.17%1.23%0.09%
SRTY
ProShares UltraPro Short Russell2000		10.12%6.87%9.40%4.93%0.17%0.00%0.95%2.13%0.70%0.04%

Frequently Asked Questions

SRTY and SDOW have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SRTY has higher volatility (19.61%) compared to SDOW (12.39%). In terms of maximum drawdown, SRTY dropped -100.00% vs SDOW's -99.96%.

On 10-year performance, SDOW leads with -38.66% vs -44.65% for SRTY. Both ETFs have the same 0.95% expense ratio. On volatility, SDOW has been the lower-risk option at 12.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SDOW has performed better with a -38.66% return vs -44.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SRTY and SDOW have the same expense ratio: 0.95% per year.

SRTY has the higher dividend yield at 10.12%, compared with 5.85% for SDOW.

SRTY tracks Russell 2000 Index (-300%), while SDOW tracks Dow Jones Industrial Average (-300%).

SRTY currently has the higher Sharpe Ratio (-1.15 vs -1.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

Find the right allocation for SRTY and SDOW

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer