UPV vs. UDOW
Compare and contrast key facts about ProShares Ultra Europe (UPV) and ProShares UltraPro Dow30 (UDOW).
UPV and UDOW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both UPV and UDOW 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: UPV or UDOW.
Performance
UPV vs. UDOW - Performance Comparison
Returns By Period
In the year-to-date period, UPV achieves a -2.12% return, which is significantly lower than UDOW's 38.09% return. Over the past 10 years, UPV has underperformed UDOW with an annualized return of 2.94%, while UDOW has yielded a comparatively higher 19.96% annualized return.
UPV
-2.12%
-12.16%
-14.00%
10.15%
2.93%
2.94%
UDOW
38.09%
2.11%
23.34%
69.42%
12.78%
19.96%
Key characteristics
| UPV | UDOW | |
|---|---|---|
| Sharpe Ratio | 0.48 | 2.08 |
| Sortino Ratio | 0.82 | 2.68 |
| Omega Ratio | 1.10 | 1.35 |
| Calmar Ratio | 0.41 | 2.31 |
| Martin Ratio | 2.04 | 11.02 |
| Ulcer Index | 6.24% | 6.21% |
| Daily Std Dev | 26.30% | 32.81% |
| Max Drawdown | -67.25% | -80.29% |
| Current Drawdown | -21.66% | -5.92% |
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UPV vs. UDOW - Expense Ratio Comparison
Both UPV and UDOW have an expense ratio of 0.95%.
Correlation
The correlation between UPV and UDOW is 0.70, 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
UPV vs. UDOW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Europe (UPV) and ProShares UltraPro Dow30 (UDOW). 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
UPV vs. UDOW - Dividend Comparison
UPV's dividend yield for the trailing twelve months is around 2.33%, more than UDOW's 0.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UPV ProShares Ultra Europe | 2.33% | 1.56% | 0.00% | 0.00% | 0.00% | 0.64% | 3.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UDOW ProShares UltraPro Dow30 | 0.88% | 0.95% | 0.83% | 0.26% | 0.19% | 0.61% | 0.73% | 0.13% | 0.67% | 0.21% | 0.46% | 0.35% |
Drawdowns
UPV vs. UDOW - Drawdown Comparison
The maximum UPV drawdown since its inception was -67.25%, smaller than the maximum UDOW drawdown of -80.29%. Use the drawdown chart below to compare losses from any high point for UPV and UDOW. For additional features, visit the drawdowns tool.
Volatility
UPV vs. UDOW - Volatility Comparison
The current volatility for ProShares Ultra Europe (UPV) is 8.64%, while ProShares UltraPro Dow30 (UDOW) has a volatility of 13.19%. This indicates that UPV experiences smaller price fluctuations and is considered to be less risky than UDOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.