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UDOW vs. IYY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UDOW vs. IYY

Last updated Jun 4, 2026

UDOW (ProShares UltraPro Dow30) and IYY (iShares Dow Jones U.S. ETF) are both exchange-traded funds - UDOW is a Leveraged Equities fund tracking the Dow Jones Industrial Average (300%), while IYY is a Large Cap Blend Equities fund tracking the Dow Jones U.S. Index. Both are passively managed. Over the past 10 years, UDOW returned 23.30%/yr vs 15.01%/yr for IYY. Their correlation of 0.91 suggests significant overlap in exposure. UDOW charges 0.95%/yr vs 0.20%/yr for IYY.

Performance

UDOW vs. IYY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro Dow30 (UDOW) and iShares Dow Jones U.S. ETF (IYY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, UDOW achieves a 12.27% return, which is significantly higher than IYY's 10.92% return. Over the past 10 years, UDOW has outperformed IYY with an annualized return of 23.30%, while IYY has yielded a comparatively lower 15.01% annualized return.

UDOW

1D
-3.38%
1M
10.84%
YTD
12.27%
6M
12.78%
1Y
53.13%
3Y*
33.01%
5Y*
12.75%
10Y*
23.30%

IYY

1D
-0.73%
1M
5.06%
YTD
10.92%
6M
10.83%
1Y
27.47%
3Y*
22.10%
5Y*
12.92%
10Y*
15.01%
*Multi-year figures are annualized to reflect compound growth (CAGR)

UDOW vs. IYY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
UDOW
ProShares UltraPro Dow30		12.27%24.46%28.47%32.72%-32.39%65.67%-17.15%75.24%-23.86%99.07%
IYY
iShares Dow Jones U.S. ETF		10.92%17.08%24.15%26.48%-19.57%26.38%20.10%30.78%-5.16%21.33%

Correlation

The correlation between UDOW and IYY is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.83

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

0.83

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

0.87

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

0.89

Correlation (All Time)
Calculated using the full available price history since Feb 12, 2010

0.91

The correlation between UDOW and IYY has been stable across timeframes, ranging from 0.83 to 0.91 - a consistent structural relationship.

UDOW vs. IYY - Sectors Allocation Comparison

Sectors
UDOW
IYY

Financial Services

27.2%
12.0%

Industrials

18.4%
9.0%

Technology

17.1%
34.8%

Healthcare

13.1%
8.6%

Consumer Cyclical

11.6%
10.2%

Consumer Defensive

4.4%
4.8%

Basic Materials

4.0%
2.0%

Energy

2.4%
3.6%

Communication Services

1.9%
10.7%

Real Estate

-

2.2%

Utilities

-

2.3%

Financial Services

UDOW
27.2%
IYY
12.0%

Industrials

UDOW
18.4%
IYY
9.0%

Technology

UDOW
17.1%
IYY
34.8%

Healthcare

UDOW
13.1%
IYY
8.6%

Consumer Cyclical

UDOW
11.6%
IYY
10.2%

Consumer Defensive

UDOW
4.4%
IYY
4.8%

Basic Materials

UDOW
4.0%
IYY
2.0%

Energy

UDOW
2.4%
IYY
3.6%

Communication Services

UDOW
1.9%
IYY
10.7%

Real Estate

UDOW

-

IYY
2.2%

Utilities

UDOW

-

IYY
2.3%

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 Dow30

iShares Dow Jones U.S. ETF

Often compared with UDOW:
UDOW vs. TQQQUDOW vs. DIAUDOW vs. DDMUDOW vs. SDOWUDOW vs. UPROUDOW vs. SPYUDOW vs. DUSL
Often compared with IYY:
IYY vs. DIAIYY vs. VOOIYY vs. VTIIYY vs. IYMIYY vs. QQQIYY vs. CIND.LIYY vs. SCHB

Return for Risk

UDOW vs. IYY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UDOW
UDOW Risk / Return Rank: 4040
Overall Rank
UDOW Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
UDOW Sortino Ratio Rank: 4040
Sortino Ratio Rank
UDOW Omega Ratio Rank: 3838
Omega Ratio Rank
UDOW Calmar Ratio Rank: 3838
Calmar Ratio Rank
UDOW Martin Ratio Rank: 4141
Martin Ratio Rank
IYY
IYY Risk / Return Rank: 6868
Overall Rank
IYY Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
IYY Sortino Ratio Rank: 6868
Sortino Ratio Rank
IYY Omega Ratio Rank: 6868
Omega Ratio Rank
IYY Calmar Ratio Rank: 6161
Calmar Ratio Rank
IYY Martin Ratio Rank: 7474
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.

UDOW vs. IYY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Dow30 (UDOW) and iShares Dow Jones U.S. ETF (IYY). 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.

UDOWIYYDifference
Sharpe ratioReturn per unit of total volatility
1.48
2.30

-0.82

Sortino ratioReturn per unit of downside risk
2.09
3.16

-1.07

Omega ratioGain probability vs. loss probability

1.25

1.42

-0.16

Calmar ratioReturn relative to maximum drawdown

1.90

3.09

-1.18

Martin ratioReturn relative to average drawdown

6.75

14.19

-7.44

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

UDOW vs. IYY - Sharpe Ratio Comparison

The current UDOW Sharpe Ratio is 1.48, which is lower than the IYY Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of UDOW and IYY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

UDOWIYYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.48

2.30

-0.82

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.29

0.76

-0.47

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.45

0.83

-0.38

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

0.44

+0.09

Drawdowns

UDOW vs. IYY - Drawdown Comparison

The maximum UDOW drawdown since its inception was -80.29%, which is greater than IYY's maximum drawdown of -55.17%. Use the drawdown chart below to compare losses from any high point for UDOW and IYY.

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Drawdown Indicators

UDOWIYYDifference

Max Drawdown

Largest peak-to-trough decline

-80.29%

-55.17%

-25.12%

Max Drawdown (1Y)

Largest decline over 1 year

-28.07%

-8.94%

-19.13%

Max Drawdown (3Y)

Largest decline over 3 years

-44.83%

-19.06%

-25.77%

Max Drawdown (5Y)

Largest decline over 5 years

-55.79%

-25.46%

-30.33%

Max Drawdown (10Y)

Largest decline over 10 years

-80.29%

-34.90%

-45.39%

Current Drawdown

Current decline from peak

-3.38%

-0.73%

-2.65%

Average Drawdown

Average peak-to-trough decline

-14.39%

-10.84%

-3.55%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.90%

1.94%

+5.96%

Volatility

UDOW vs. IYY - Volatility Comparison

ProShares UltraPro Dow30 (UDOW) has a higher volatility of 8.80% compared to iShares Dow Jones U.S. ETF (IYY) at 2.93%. This indicates that UDOW's price experiences larger fluctuations and is considered to be riskier than IYY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

UDOWIYYDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.80%

2.93%

+5.87%

Volatility (6M)

Calculated over the trailing 6-month period

27.61%

9.04%

+18.57%

Volatility (1Y)

Calculated over the trailing 1-year period

36.12%

12.01%

+24.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

44.19%

17.12%

+27.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

51.76%

18.16%

+33.60%

UDOW vs. IYY - Expense Ratio Comparison

UDOW has a 0.95% expense ratio, which is higher than IYY's 0.20% expense ratio.

Dividends

UDOW vs. IYY - Dividend Comparison

UDOW's dividend yield for the trailing twelve months is around 1.21%, more than IYY's 0.87% yield.

PositionTTM20252024202320222021202020192018201720162015
IYY
iShares Dow Jones U.S. ETF		0.87%0.95%1.05%1.29%1.48%1.04%1.31%1.80%1.97%1.62%1.81%1.97%
UDOW
ProShares UltraPro Dow30		1.21%1.38%0.95%0.95%0.83%0.26%0.19%0.61%0.73%0.13%0.26%0.21%

Frequently Asked Questions

UDOW and IYY have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

UDOW has higher volatility (8.80%) compared to IYY (2.93%). In terms of maximum drawdown, UDOW dropped -80.29% vs IYY's -55.17%.

On 10-year performance, UDOW leads with 23.30% vs 15.01% for IYY. On fees, IYY is cheaper at 0.20% per year. On volatility, IYY has been the lower-risk option at 2.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, UDOW has performed better with a 23.30% return vs 15.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IYY is cheaper with a 0.20% expense ratio, compared with 0.95% for UDOW.

UDOW has the higher dividend yield at 1.21%, compared with 0.87% for IYY.

UDOW is categorized as Leveraged Equities, while IYY is Large Cap Blend Equities. UDOW tracks Dow Jones Industrial Average (300%), while IYY tracks Dow Jones U.S. Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.95% for UDOW and 0.20% for IYY.

IYY currently has the higher Sharpe Ratio (2.30 vs 1.48), 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.

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