^DJI vs. SDOW
Compare and contrast key facts about Dow Jones Industrial Average (^DJI) and ProShares UltraPro Short Dow30 (SDOW).
SDOW is a passively managed fund by ProShares that tracks the performance of the Dow Jones Industrial Average (-300%). It was launched on Feb 11, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^DJI or SDOW.
Key characteristics
| ^DJI | SDOW | |
|---|---|---|
| YTD Return | 7.05% | -14.53% |
| 1Y Return | 16.94% | -32.80% |
| 3Y Return (Ann) | 4.76% | -18.58% |
| 5Y Return (Ann) | 8.54% | -38.49% |
| 10Y Return (Ann) | 9.04% | -36.55% |
| Sharpe Ratio | 1.60 | -1.03 |
| Daily Std Dev | 10.74% | 32.18% |
| Max Drawdown | -53.78% | -99.92% |
| Current Drawdown | -2.93% | -99.92% |
Correlation
The correlation between ^DJI and SDOW is -1.00. 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.
Performance
^DJI vs. SDOW - Performance Comparison
In the year-to-date period, ^DJI achieves a 7.05% return, which is significantly higher than SDOW's -14.53% return. Over the past 10 years, ^DJI has outperformed SDOW with an annualized return of 9.04%, while SDOW has yielded a comparatively lower -36.55% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
^DJI vs. SDOW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones Industrial Average (^DJI) and ProShares UltraPro Short Dow30 (SDOW). 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.
Drawdowns
^DJI vs. SDOW - Drawdown Comparison
The maximum ^DJI drawdown since its inception was -53.78%, smaller than the maximum SDOW drawdown of -99.92%. Use the drawdown chart below to compare losses from any high point for ^DJI and SDOW. For additional features, visit the drawdowns tool.
Volatility
^DJI vs. SDOW - Volatility Comparison
The current volatility for Dow Jones Industrial Average (^DJI) is 3.57%, while ProShares UltraPro Short Dow30 (SDOW) has a volatility of 10.70%. This indicates that ^DJI experiences smaller price fluctuations and is considered to be less risky than SDOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.