UDOW vs. UPV
Compare and contrast key facts about ProShares UltraPro Dow30 (UDOW) and ProShares Ultra Europe (UPV).
UDOW and UPV 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. UPV is a passively managed fund by ProShares that tracks the performance of the MSCI Europe Index (200%). It was launched on Apr 30, 2010. Both UDOW and UPV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
UDOW vs. UPV - Performance Comparison
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UDOW vs. UPV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UDOW ProShares UltraPro Dow30 | -13.10% | 24.46% | 28.47% | 32.72% | -32.39% | 65.67% | -17.15% | 75.24% | -23.86% | 99.07% |
UPV ProShares Ultra Europe | -4.34% | 68.63% | -4.51% | 32.16% | -36.58% | 32.38% | -3.15% | 47.04% | -32.64% | 57.44% |
Returns By Period
In the year-to-date period, UDOW achieves a -13.10% return, which is significantly lower than UPV's -4.34% return. Over the past 10 years, UDOW has outperformed UPV with an annualized return of 20.30%, while UPV has yielded a comparatively lower 10.05% annualized return.
UDOW
- 1D
- 7.38%
- 1M
- -16.17%
- YTD
- -13.10%
- 6M
- -5.67%
- 1Y
- 16.04%
- 3Y*
- 23.31%
- 5Y*
- 10.24%
- 10Y*
- 20.30%
UPV
- 1D
- 6.31%
- 1M
- -16.80%
- YTD
- -4.34%
- 6M
- 5.15%
- 1Y
- 33.34%
- 3Y*
- 19.59%
- 5Y*
- 8.73%
- 10Y*
- 10.05%
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UDOW vs. UPV - Expense Ratio Comparison
Both UDOW and UPV have an expense ratio of 0.95%.
Return for Risk
UDOW vs. UPV — Risk / Return Rank
UDOW
UPV
UDOW vs. UPV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Dow30 (UDOW) and ProShares Ultra Europe (UPV). 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.
| UDOW | UPV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.32 | 0.95 | -0.63 |
Sortino ratioReturn per unit of downside risk | 0.81 | 1.46 | -0.65 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.20 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.65 | 1.32 | -0.67 |
Martin ratioReturn relative to average drawdown | 2.13 | 4.90 | -2.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UDOW | UPV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 0.95 | -0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.25 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.27 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.23 | +0.26 |
Correlation
The correlation between UDOW and UPV is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
UDOW vs. UPV - Dividend Comparison
UDOW's dividend yield for the trailing twelve months is around 1.56%, less than UPV's 2.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UDOW ProShares UltraPro Dow30 | 1.56% | 1.38% | 0.95% | 0.95% | 0.83% | 0.26% | 0.19% | 0.61% | 0.73% | 0.13% | 0.26% | 0.21% |
UPV ProShares Ultra Europe | 2.39% | 2.11% | 2.70% | 1.57% | 0.00% | 0.00% | 0.00% | 0.65% | 3.80% | 0.00% | 0.00% | 0.00% |
Drawdowns
UDOW vs. UPV - Drawdown Comparison
The maximum UDOW drawdown since its inception was -80.29%, which is greater than UPV's maximum drawdown of -67.25%. Use the drawdown chart below to compare losses from any high point for UDOW and UPV.
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Drawdown Indicators
| UDOW | UPV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.29% | -67.25% | -13.04% |
Max Drawdown (1Y)Largest decline over 1 year | -30.18% | -23.41% | -6.77% |
Max Drawdown (5Y)Largest decline over 5 years | -55.79% | -58.33% | +2.54% |
Max Drawdown (10Y)Largest decline over 10 years | -80.29% | -67.25% | -13.04% |
Current DrawdownCurrent decline from peak | -22.46% | -17.49% | -4.97% |
Average DrawdownAverage peak-to-trough decline | -14.46% | -20.97% | +6.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.21% | 6.29% | +2.92% |
Volatility
UDOW vs. UPV - Volatility Comparison
ProShares UltraPro Dow30 (UDOW) and ProShares Ultra Europe (UPV) have volatilities of 14.74% and 15.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UDOW | UPV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.74% | 15.44% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 27.64% | 21.88% | +5.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.20% | 35.13% | +15.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.05% | 35.00% | +9.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.68% | 36.94% | +14.74% |