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UDOW vs. UVXY
Performance
Return for Risk
Dividends
Drawdowns
Volatility

UDOW vs. UVXY

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares UltraPro Dow30 (UDOW) and ProShares Ultra VIX Short-Term Futures ETF (UVXY).

UDOW and UVXY 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. UVXY is a passively managed fund by ProShares that tracks the performance of the S&P 500 VIX SHORT-TERM FUTURES TR (150%). It was launched on Oct 3, 2011. Both UDOW and UVXY 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. UVXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro Dow30 (UDOW) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). The values are adjusted to include any dividend payments, if applicable.

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UDOW vs. UVXY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
UDOW
ProShares UltraPro Dow30		-11.80%24.46%28.47%32.72%-32.39%65.67%-17.15%75.24%-23.86%99.07%
UVXY
ProShares Ultra VIX Short-Term Futures ETF		40.61%-65.32%-50.90%-87.70%-44.81%-88.33%-17.38%-84.23%60.10%-94.17%

Returns By Period

In the year-to-date period, UDOW achieves a -11.80% return, which is significantly lower than UVXY's 40.61% return. Over the past 10 years, UDOW has outperformed UVXY with an annualized return of 20.47%, while UVXY has yielded a comparatively lower -72.80% annualized return.

UDOW

1D
1.49%
1M
-14.66%
YTD
-11.80%
6M
-4.54%
1Y
18.03%
3Y*
23.92%
5Y*
10.57%
10Y*
20.47%

UVXY

1D
-3.40%
1M
25.05%
YTD
40.61%
6M
-2.75%
1Y
-57.00%
3Y*
-64.84%
5Y*
-67.28%
10Y*
-72.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

ProShares Ultra VIX Short-Term Futures ETF

Often compared with UDOW:
UDOW vs. TQQQUDOW vs. DIAUDOW vs. SDOWUDOW vs. UPROUDOW vs. DDMUDOW vs. SPYUDOW vs. DUSL
Often compared with UVXY:
UVXY vs. UVIXUVXY vs. VXXUVXY vs. VIXYUVXY vs. SVXYUVXY vs. SQQQUVXY vs. SPYUVXY vs. SPXS

UDOW vs. UVXY - Expense Ratio Comparison

Both UDOW and UVXY have an expense ratio of 0.95%.

UDOW
ProShares UltraPro Dow30
UVXY
ProShares Ultra VIX Short-Term Futures ETF

Return for Risk

UDOW vs. UVXY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UDOW
UDOW Risk / Return Rank: 2525
Overall Rank
UDOW Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
UDOW Sortino Ratio Rank: 2828
Sortino Ratio Rank
UDOW Omega Ratio Rank: 2727
Omega Ratio Rank
UDOW Calmar Ratio Rank: 2525
Calmar Ratio Rank
UDOW Martin Ratio Rank: 2525
Martin Ratio Rank
UVXY
UVXY Risk / Return Rank: 55
Overall Rank
UVXY Sharpe Ratio Rank: 44
Sharpe Ratio Rank
UVXY Sortino Ratio Rank: 66
Sortino Ratio Rank
UVXY Omega Ratio Rank: 66
Omega Ratio Rank
UVXY Calmar Ratio Rank: 22
Calmar Ratio Rank
UVXY Martin Ratio Rank: 66
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. UVXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Dow30 (UDOW) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). 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.

UDOWUVXYDifference

Sharpe ratio

Return per unit of total volatility

0.36

-0.51

+0.87

Sortino ratio

Return per unit of downside risk

0.86

-0.30

+1.16

Omega ratio

Gain probability vs. loss probability

1.12

0.96

+0.15

Calmar ratio

Return relative to maximum drawdown

0.59

-0.66

+1.25

Martin ratio

Return relative to average drawdown

1.91

-0.80

+2.71

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. UVXY - Sharpe Ratio Comparison

The current UDOW Sharpe Ratio is 0.36, which is higher than the UVXY Sharpe Ratio of -0.51. The chart below compares the historical Sharpe Ratios of UDOW and UVXY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

UDOWUVXYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.36

-0.51

+0.87

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.24

-0.64

+0.88

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.40

-0.64

+1.03

Sharpe Ratio (All Time)

Calculated using the full available price history

0.50

-0.67

+1.17

Correlation

The correlation between UDOW and UVXY is -0.72. 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.

Dividends

UDOW vs. UVXY - Dividend Comparison

UDOW's dividend yield for the trailing twelve months is around 1.54%, while UVXY has not paid dividends to shareholders.

TTM20252024202320222021202020192018201720162015
UDOW
ProShares UltraPro Dow30		1.54%1.38%0.95%0.95%0.83%0.26%0.19%0.61%0.73%0.13%0.26%0.21%
UVXY
ProShares Ultra VIX Short-Term Futures ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

UDOW vs. UVXY - Drawdown Comparison

The maximum UDOW drawdown since its inception was -80.29%, smaller than the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for UDOW and UVXY.

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Drawdown Indicators

UDOWUVXYDifference

Max Drawdown

Largest peak-to-trough decline

-80.29%

-100.00%

+19.71%

Max Drawdown (1Y)

Largest decline over 1 year

-30.18%

-85.64%

+55.46%

Max Drawdown (5Y)

Largest decline over 5 years

-55.79%

-99.77%

+43.98%

Max Drawdown (10Y)

Largest decline over 10 years

-80.29%

-100.00%

+19.71%

Current Drawdown

Current decline from peak

-21.30%

-100.00%

+78.70%

Average Drawdown

Average peak-to-trough decline

-14.46%

-98.53%

+84.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.31%

71.09%

-61.78%

Volatility

UDOW vs. UVXY - Volatility Comparison

The current volatility for ProShares UltraPro Dow30 (UDOW) is 14.82%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 45.03%. This indicates that UDOW experiences smaller price fluctuations and is considered to be less risky than UVXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

UDOWUVXYDifference

Volatility (1M)

Calculated over the trailing 1-month period

14.82%

45.03%

-30.21%

Volatility (6M)

Calculated over the trailing 6-month period

27.67%

71.80%

-44.13%

Volatility (1Y)

Calculated over the trailing 1-year period

50.13%

113.07%

-62.94%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

44.05%

105.47%

-61.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

51.67%

114.51%

-62.84%