UDOW vs. SPY
Compare and contrast key facts about ProShares UltraPro Dow30 (UDOW) and SPDR S&P 500 ETF (SPY).
UDOW and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both UDOW and SPY 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 SPY.
Performance
UDOW vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, UDOW achieves a 42.45% return, which is significantly higher than SPY's 26.08% return. Over the past 10 years, UDOW has outperformed SPY with an annualized return of 20.32%, while SPY has yielded a comparatively lower 13.10% annualized return.
UDOW
42.45%
5.47%
33.48%
72.29%
13.47%
20.32%
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| UDOW | SPY | |
|---|---|---|
| Sharpe Ratio | 2.27 | 2.70 |
| Sortino Ratio | 2.86 | 3.60 |
| Omega Ratio | 1.37 | 1.50 |
| Calmar Ratio | 2.62 | 3.90 |
| Martin Ratio | 12.04 | 17.52 |
| Ulcer Index | 6.21% | 1.87% |
| Daily Std Dev | 32.93% | 12.14% |
| Max Drawdown | -80.29% | -55.19% |
| Current Drawdown | -2.96% | -0.85% |
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UDOW vs. SPY - Expense Ratio Comparison
UDOW has a 0.95% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between UDOW and SPY 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
UDOW vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Dow30 (UDOW) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
UDOW's dividend yield for the trailing twelve months is around 0.85%, less than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UDOW ProShares UltraPro Dow30 | 0.85% | 0.95% | 0.83% | 0.26% | 0.19% | 0.61% | 0.73% | 0.13% | 0.67% | 0.21% | 0.46% | 0.35% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
UDOW vs. SPY - Drawdown Comparison
The maximum UDOW drawdown since its inception was -80.29%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for UDOW and SPY. For additional features, visit the drawdowns tool.
Volatility
UDOW vs. SPY - Volatility Comparison
ProShares UltraPro Dow30 (UDOW) has a higher volatility of 13.11% compared to SPDR S&P 500 ETF (SPY) at 3.98%. This indicates that UDOW's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.