UDOW vs. DIA
Compare and contrast key facts about ProShares UltraPro Dow30 (UDOW) and SPDR Dow Jones Industrial Average ETF (DIA).
UDOW and DIA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. DIA is a passively managed fund by State Street that tracks the performance of the Dow Jones Industrial Average. It was launched on Jan 14, 1998. Both UDOW and DIA 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: UDOW or DIA.
Correlation
The correlation between UDOW and DIA is 1.00, 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.
Performance
UDOW vs. DIA - Performance Comparison
Key characteristics
UDOW:
1.12
DIA:
1.56
UDOW:
1.65
DIA:
2.24
UDOW:
1.21
DIA:
1.29
UDOW:
2.10
DIA:
2.90
UDOW:
5.75
DIA:
8.52
UDOW:
6.57%
DIA:
2.06%
UDOW:
33.68%
DIA:
11.27%
UDOW:
-80.29%
DIA:
-51.87%
UDOW:
-14.25%
DIA:
-4.69%
Returns By Period
In the year-to-date period, UDOW achieves a 31.77% return, which is significantly higher than DIA's 15.64% return. Over the past 10 years, UDOW has outperformed DIA with an annualized return of 18.96%, while DIA has yielded a comparatively lower 11.38% annualized return.
UDOW
31.77%
-7.50%
23.50%
34.58%
10.07%
18.96%
DIA
15.64%
-1.04%
10.39%
16.57%
10.63%
11.38%
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UDOW vs. DIA - Expense Ratio Comparison
UDOW has a 0.95% expense ratio, which is higher than DIA's 0.16% expense ratio.
Risk-Adjusted Performance
UDOW vs. DIA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Dow30 (UDOW) and SPDR Dow Jones Industrial Average ETF (DIA). 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
UDOW vs. DIA - Dividend Comparison
UDOW's dividend yield for the trailing twelve months is around 0.77%, less than DIA's 1.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UDOW ProShares UltraPro Dow30 | 0.77% | 0.95% | 0.83% | 0.26% | 0.19% | 0.61% | 0.73% | 0.13% | 0.67% | 0.21% | 0.46% | 0.35% |
DIA SPDR Dow Jones Industrial Average ETF | 1.59% | 1.81% | 1.91% | 1.58% | 1.87% | 2.09% | 2.24% | 1.97% | 2.26% | 2.33% | 2.02% | 2.08% |
Drawdowns
UDOW vs. DIA - Drawdown Comparison
The maximum UDOW drawdown since its inception was -80.29%, which is greater than DIA's maximum drawdown of -51.87%. Use the drawdown chart below to compare losses from any high point for UDOW and DIA. For additional features, visit the drawdowns tool.
Volatility
UDOW vs. DIA - Volatility Comparison
ProShares UltraPro Dow30 (UDOW) has a higher volatility of 11.47% compared to SPDR Dow Jones Industrial Average ETF (DIA) at 3.83%. This indicates that UDOW's price experiences larger fluctuations and is considered to be riskier than DIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.