ProShares UltraShort Dow30
$17.70+0.07 (+0.43%)
- Expense ratio
- 1.06%
- Fund size
- $50M
- 1Y return
- −17.8%
- Yield · Last 12 months
- 3.91%
- Holdings
- 11
- Volume · 30D
- 1.6M sh
- NAV per share
- $17.73
- 52W range
The ETF.net DXD Grade
Score 65 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 63Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 98Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 52Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 86Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 65Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 64Category rank
Our read on DXD
BThe middle gear in ProShares' inverse Dow lineup: DXD aims for twice the opposite of the Dow's daily move. Running since 2006, it doubles the Dow's downside without stepping up to a triple.
DXD seeks daily, pre-expense returns equal to approximately twice the inverse of the Dow Jones Industrial Average's daily performance. It is designed to rise when the Index falls and decline when the Index rises.
Why people hold it
- At 1.06% a year it undercuts the typical leveraged or inverse fund, unusual for a product that rebuilds its exposure every single day.
- One job, stated plainly in the prospectus: about twice the inverse of the Dow's daily performance, before expenses. It has tracked that daily target closely.proshares.com
- Sits between DOG at -1x and SDOW at -3x on the same index, so the full Dow-inverse ladder lives under one issuer with one set of mechanics.
- Live since 2006 and actively traded, a long run for a leveraged fund and one of the sturdier implementations in its peer group.
Worth knowing
- The 2x target resets daily. Hold for weeks and compounding takes the wheel, so results can diverge sharply from twice the inverse of the Dow's move over that stretch.proshares.com
- Small asset base next to core index funds, which fits a vehicle built for short holding periods rather than buy-and-forget.
- The reference point is the Dow's 30 blue chips, not the broad market, so it can behave differently from an S&P 500 or Nasdaq-based position.
DXD Holdings
- Stocks
- 11
- 100%
- IQMM
Sectors
- Financials100.0%
Geography
- United States100.00%
DXD Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | DXD |
|---|---|
| Year to date | −12.9% |
| 1 month | +5.8% |
| 3 months | +0.3% |
| 1 year | −17.8% |
| 3 years | −21.9% |
| 5 years | −15.4% |
| 10 years | −24.2% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | DXD |
|---|---|---|
| 2026 YTD | −12.9% | |
| 2025 | −21.1% | |
| 2024 | −16.1% | |
| 2023 | −18.8% | |
| 2022 | +7.1% | |
| 2021 | −35.2% | |
| 2020 | −44.6% |
DXD in the news
ETF.net Research hasn’t filed on DXD yet — coverage lands here as it’s written.
DXD Dividends
- 3.91%
- $0.69
- $0.14 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 24, 2026 | Jun 30, 2026 | $0.14 |
| Mar 25, 2026 | Mar 31, 2026 | $0.11 |
| Dec 24, 2025 | Dec 31, 2025 | $0.22 |
| Sep 24, 2025 | Sep 30, 2025 | $0.21 |
| Jun 25, 2025 | Jul 1, 2025 | $0.21 |
| Mar 26, 2025 | Apr 1, 2025 | $0.23 |
| Dec 23, 2024 | Dec 31, 2024 | $0.47 |
| Sep 25, 2024 | Oct 2, 2024 | $0.41 |
| Jun 26, 2024 | Jul 3, 2024 | $0.47 |
| Mar 20, 2024 | Mar 27, 2024 | $0.25 |
| Dec 20, 2023 | Dec 28, 2023 | $0.38 |
| Sep 20, 2023 | Sep 27, 2023 | $0.34 |
DXD Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 23.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −1.14
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −68.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- −1.65
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
DXD Cost
- The middle half of Leveraged Inverse (2x & Other) funds
- Median 1.44%
18 of the 53 Leveraged Inverse (2x & Other) funds charge less.