UDOW vs. UPRO
Compare and contrast key facts about ProShares UltraPro Dow30 (UDOW) and ProShares UltraPro S&P 500 (UPRO).
UDOW and UPRO 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. UPRO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (300%). It was launched on Jun 23, 2009. Both UDOW and UPRO 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 UPRO.
Performance
UDOW vs. UPRO - Performance Comparison
Returns By Period
In the year-to-date period, UDOW achieves a 42.45% return, which is significantly lower than UPRO's 71.45% return. Over the past 10 years, UDOW has underperformed UPRO with an annualized return of 20.32%, while UPRO has yielded a comparatively higher 24.13% annualized return.
UDOW
42.45%
5.47%
33.48%
72.29%
13.47%
20.32%
UPRO
71.45%
3.88%
34.17%
94.81%
25.05%
24.13%
Key characteristics
| UDOW | UPRO | |
|---|---|---|
| Sharpe Ratio | 2.27 | 2.67 |
| Sortino Ratio | 2.86 | 3.03 |
| Omega Ratio | 1.37 | 1.42 |
| Calmar Ratio | 2.62 | 2.59 |
| Martin Ratio | 12.04 | 15.97 |
| Ulcer Index | 6.21% | 6.08% |
| Daily Std Dev | 32.93% | 36.40% |
| Max Drawdown | -80.29% | -76.82% |
| Current Drawdown | -2.96% | -2.93% |
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UDOW vs. UPRO - Expense Ratio Comparison
UDOW has a 0.95% expense ratio, which is higher than UPRO's 0.92% expense ratio.
Correlation
The correlation between UDOW and UPRO 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. UPRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Dow30 (UDOW) and ProShares UltraPro S&P 500 (UPRO). 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. UPRO - Dividend Comparison
UDOW's dividend yield for the trailing twelve months is around 0.85%, more than UPRO's 0.74% 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% |
UPRO ProShares UltraPro S&P 500 | 0.74% | 0.74% | 0.52% | 0.06% | 0.11% | 0.53% | 0.63% | 0.00% | 0.12% | 0.34% | 0.22% | 0.07% |
Drawdowns
UDOW vs. UPRO - Drawdown Comparison
The maximum UDOW drawdown since its inception was -80.29%, roughly equal to the maximum UPRO drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for UDOW and UPRO. For additional features, visit the drawdowns tool.
Volatility
UDOW vs. UPRO - Volatility Comparison
ProShares UltraPro Dow30 (UDOW) has a higher volatility of 13.11% compared to ProShares UltraPro S&P 500 (UPRO) at 11.98%. This indicates that UDOW's price experiences larger fluctuations and is considered to be riskier than UPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.