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UDOW vs. VXZ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between UDOW and VXZ is -0.68. 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.


-0.50.00.51.0
Correlation: -0.7

Performance

UDOW vs. VXZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro Dow30 (UDOW) and iPath Series B S&P 500® VIX Mid-Term Futures ETN (VXZ). The values are adjusted to include any dividend payments, if applicable.

0.00%50.00%100.00%NovemberDecember2025FebruaryMarchApril
40.65%
-6.70%
UDOW
VXZ

Key characteristics

Sharpe Ratio

UDOW:

-0.03

VXZ:

0.38

Sortino Ratio

UDOW:

0.31

VXZ:

0.92

Omega Ratio

UDOW:

1.04

VXZ:

1.11

Calmar Ratio

UDOW:

-0.04

VXZ:

0.22

Martin Ratio

UDOW:

-0.13

VXZ:

0.94

Ulcer Index

UDOW:

13.29%

VXZ:

15.71%

Daily Std Dev

UDOW:

50.79%

VXZ:

39.32%

Max Drawdown

UDOW:

-80.29%

VXZ:

-69.00%

Current Drawdown

UDOW:

-35.36%

VXZ:

-59.09%

Returns By Period

In the year-to-date period, UDOW achieves a -22.68% return, which is significantly lower than VXZ's 24.66% return.


UDOW

YTD

-22.68%

1M

-20.70%

6M

-23.52%

1Y

-3.21%

5Y*

24.28%

10Y*

15.69%

VXZ

YTD

24.66%

1M

21.55%

6M

21.77%

1Y

16.84%

5Y*

-14.29%

10Y*

N/A

*Annualized

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Risk-Adjusted Performance

UDOW vs. VXZ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UDOW
The Risk-Adjusted Performance Rank of UDOW is 2525
Overall Rank
The Sharpe Ratio Rank of UDOW is 2121
Sharpe Ratio Rank
The Sortino Ratio Rank of UDOW is 3232
Sortino Ratio Rank
The Omega Ratio Rank of UDOW is 3232
Omega Ratio Rank
The Calmar Ratio Rank of UDOW is 2020
Calmar Ratio Rank
The Martin Ratio Rank of UDOW is 2020
Martin Ratio Rank

VXZ
The Risk-Adjusted Performance Rank of VXZ is 6464
Overall Rank
The Sharpe Ratio Rank of VXZ is 6767
Sharpe Ratio Rank
The Sortino Ratio Rank of VXZ is 6565
Sortino Ratio Rank
The Omega Ratio Rank of VXZ is 6262
Omega Ratio Rank
The Calmar Ratio Rank of VXZ is 6363
Calmar Ratio Rank
The Martin Ratio Rank of VXZ is 6464
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

UDOW vs. VXZ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Dow30 (UDOW) and iPath Series B S&P 500® VIX Mid-Term Futures ETN (VXZ). 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.


The chart of Sharpe ratio for UDOW, currently valued at -0.03, compared to the broader market-1.000.001.002.003.004.00
UDOW: -0.03
VXZ: 0.38
The chart of Sortino ratio for UDOW, currently valued at 0.31, compared to the broader market-2.000.002.004.006.008.00
UDOW: 0.31
VXZ: 0.92
The chart of Omega ratio for UDOW, currently valued at 1.04, compared to the broader market0.501.001.502.002.50
UDOW: 1.04
VXZ: 1.11
The chart of Calmar ratio for UDOW, currently valued at -0.04, compared to the broader market0.002.004.006.008.0010.0012.00
UDOW: -0.04
VXZ: 0.22
The chart of Martin ratio for UDOW, currently valued at -0.13, compared to the broader market0.0020.0040.0060.00
UDOW: -0.13
VXZ: 0.94

The current UDOW Sharpe Ratio is -0.03, which is lower than the VXZ Sharpe Ratio of 0.38. The chart below compares the historical Sharpe Ratios of UDOW and VXZ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
-0.03
0.38
UDOW
VXZ

Dividends

UDOW vs. VXZ - Dividend Comparison

UDOW's dividend yield for the trailing twelve months is around 1.49%, while VXZ has not paid dividends to shareholders.


TTM20242023202220212020201920182017201620152014
UDOW
ProShares UltraPro Dow30
1.49%0.95%0.95%0.83%0.26%0.19%0.61%0.73%0.13%0.67%0.21%0.46%
VXZ
iPath Series B S&P 500® VIX Mid-Term Futures ETN
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. VXZ - Drawdown Comparison

The maximum UDOW drawdown since its inception was -80.29%, which is greater than VXZ's maximum drawdown of -69.00%. Use the drawdown chart below to compare losses from any high point for UDOW and VXZ. For additional features, visit the drawdowns tool.


-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-35.36%
-59.09%
UDOW
VXZ

Volatility

UDOW vs. VXZ - Volatility Comparison

ProShares UltraPro Dow30 (UDOW) has a higher volatility of 35.87% compared to iPath Series B S&P 500® VIX Mid-Term Futures ETN (VXZ) at 22.19%. This indicates that UDOW's price experiences larger fluctuations and is considered to be riskier than VXZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%10.00%20.00%30.00%40.00%NovemberDecember2025FebruaryMarchApril
35.87%
22.19%
UDOW
VXZ