UDOW vs. SDOW
Compare and contrast key facts about ProShares UltraPro Dow30 (UDOW) and ProShares UltraPro Short Dow30 (SDOW).
UDOW and SDOW 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. 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 UDOW 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: UDOW or SDOW.
Performance
UDOW vs. SDOW - Performance Comparison
Returns By Period
In the year-to-date period, UDOW achieves a 38.42% return, which is significantly higher than SDOW's -31.70% return. Over the past 10 years, UDOW has outperformed SDOW with an annualized return of 20.23%, while SDOW has yielded a comparatively lower -37.03% annualized return.
UDOW
38.42%
1.33%
20.51%
71.88%
12.49%
20.23%
SDOW
-31.70%
-2.67%
-20.94%
-45.00%
-39.51%
-37.03%
Key characteristics
| UDOW | SDOW | |
|---|---|---|
| Sharpe Ratio | 2.18 | -1.37 |
| Sortino Ratio | 2.77 | -2.17 |
| Omega Ratio | 1.36 | 0.75 |
| Calmar Ratio | 2.35 | -0.45 |
| Martin Ratio | 11.57 | -1.57 |
| Ulcer Index | 6.17% | 28.50% |
| Daily Std Dev | 32.82% | 32.80% |
| Max Drawdown | -80.29% | -99.94% |
| Current Drawdown | -5.70% | -99.93% |
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UDOW vs. SDOW - Expense Ratio Comparison
Both UDOW and SDOW have an expense ratio of 0.95%.
Correlation
The correlation between UDOW and SDOW 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.
Risk-Adjusted Performance
UDOW vs. SDOW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Dow30 (UDOW) 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
UDOW vs. SDOW - Dividend Comparison
UDOW's dividend yield for the trailing twelve months is around 0.88%, less than SDOW's 6.92% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UDOW ProShares UltraPro Dow30 | 0.88% | 0.95% | 0.83% | 0.26% | 0.19% | 0.61% | 0.73% | 0.13% | 0.67% | 0.21% | 0.46% | 0.35% |
SDOW ProShares UltraPro Short Dow30 | 6.92% | 5.38% | 0.36% | 0.00% | 0.52% | 2.17% | 1.23% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
UDOW vs. SDOW - Drawdown Comparison
The maximum UDOW drawdown since its inception was -80.29%, smaller than the maximum SDOW drawdown of -99.94%. Use the drawdown chart below to compare losses from any high point for UDOW and SDOW. For additional features, visit the drawdowns tool.
Volatility
UDOW vs. SDOW - Volatility Comparison
The current volatility for ProShares UltraPro Dow30 (UDOW) is 13.34%, while ProShares UltraPro Short Dow30 (SDOW) has a volatility of 14.14%. This indicates that UDOW 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.