UDOW vs. VXZ
Compare and contrast key facts about ProShares UltraPro Dow30 (UDOW) and iPath Series B S&P 500® VIX Mid-Term Futures ETN (VXZ).
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. VXZ is a passively managed fund by Barclays Capital that tracks the performance of the S&P 500 VIX Mid-Term Futures Index Total Return. It was launched on Jan 17, 2018. Both UDOW and VXZ 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 VXZ.
Performance
UDOW vs. VXZ - Performance Comparison
Returns By Period
In the year-to-date period, UDOW achieves a 42.45% return, which is significantly higher than VXZ's -15.04% return.
UDOW
42.45%
5.47%
33.48%
72.29%
13.47%
20.32%
VXZ
-15.04%
-2.98%
0.92%
-18.68%
-8.19%
N/A
Key characteristics
| UDOW | VXZ | |
|---|---|---|
| Sharpe Ratio | 2.27 | -0.61 |
| Sortino Ratio | 2.86 | -0.84 |
| Omega Ratio | 1.37 | 0.91 |
| Calmar Ratio | 2.62 | -0.27 |
| Martin Ratio | 12.04 | -1.26 |
| Ulcer Index | 6.21% | 14.57% |
| Daily Std Dev | 32.93% | 29.94% |
| Max Drawdown | -80.29% | -68.91% |
| Current Drawdown | -2.96% | -68.08% |
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Correlation
The correlation between UDOW and VXZ is -0.61. 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.
Risk-Adjusted Performance
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.
Dividends
UDOW vs. VXZ - Dividend Comparison
UDOW's dividend yield for the trailing twelve months is around 0.85%, while VXZ has not paid dividends to shareholders.
| 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% |
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 -68.91%. Use the drawdown chart below to compare losses from any high point for UDOW and VXZ. For additional features, visit the drawdowns tool.
Volatility
UDOW vs. VXZ - Volatility Comparison
ProShares UltraPro Dow30 (UDOW) has a higher volatility of 13.11% compared to iPath Series B S&P 500® VIX Mid-Term Futures ETN (VXZ) at 8.31%. 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.