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Launched · SEC filings

ProShares UltraPro Dow30

UDOWNYSE ArcaProSharesAThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$66.26+0.81 (+1.24%)

At close: Nov 2, 2026, 4:00 PM ET

A81/ 100

Rank 2 of 31 in 3x Leveraged Long

A81/100Rank 2 of 31in3x Leveraged Long
Intraday session: up, 79 prints from 65.45 to 66.26. Range 66.26 to 67.88. Use the arrow keys to read each point.67.0067.5068.0010 AM12 PM2 PM4 PM
Expense ratio
0.94%
Fund size
$841M
1Y total return
+16.0%
Yield · Last 12 months
1.06%
Holdings
33
Avg volume · 30D
1.72M sh
52W range
low $46.25high $79.26
Launched
Filings
SEC EDGAR

The ETF.net UDOW Grade

A

Score 81 out of 100

Category
3x Leveraged Long⁠
Rank
2 of 31
Six-pillar profile for UDOW. Scores out of 100: Cost 78, Risk 85, Mission 77, Tradability 89, Holdings 56, Durability 71. Strongest: Tradability (89). Weakest: Holdings (56). Leans toward Tradability and Risk.

Score 81 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A78 out of 100
    Rank 7 of 31

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A77 out of 100
    Rank 3 of 3

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A85 out of 100
    Rank 1 of 30

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A89 out of 100
    Rank 2 of 31

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B56 out of 100
    Rank 3 of 4

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A71 out of 100
    Rank 2 of 31

Our read on UDOW

ETF.net Research

In short

AThe only 3x daily play on the Dow: 30 blue-chip names, price-weighted, reset every session. It is the industrial cousin of the semis-and-Nasdaq crowd that fills the leveraged aisle, and it has run since 2010.

Stated mandate

The Fund seeks daily results equal to three times the daily performance of the Dow Jones Industrial Average before fees and expenses. It uses equity securities, derivatives, and money-market instruments to pursue that daily leveraged exposure.

Why people hold it

  • ProShares calls UDOW the only ETF targeting 3x the daily move of the Dow. In a 3x aisle crowded with semiconductor and Nasdaq bets, the blue-chip index has exactly one lever.proshares.com
  • The Dow is a price-weighted measure of 30 US blue chips, so the exposure leans industrials, financials and health care instead of megacap tech.spglobal.com
  • Trading since 2010, it has run through several full market cycles and stays actively traded, which matters when the holding period is hours rather than years.
  • Among the stronger implementations in its 3x bull peer group, it stays close to its stated daily target and trades with the depth short-horizon traders look for.

Worth knowing

  • The 3x target resets every day. Over longer stretches, compounding and volatility can push results away from 3x the index move, as the prospectus spells out.proshares.com
  • At 0.94% with no waiver propping it up, cost sits near the typical 3x bull fund; TQQQ charges 0.78% net of a waiver through September 30, 2027.
  • Exposure is built with derivatives and cash instruments alongside stocks, so counterparty and derivative risk ride along with the market call.proshares.com

UDOW Performance

Launched Feb 9, 2010

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

UDOW$11,597
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. UDOW $11,597. SPY $11,199. Use the arrow keys to read each point.$8,000$10,000$12,000$14,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for UDOW. Periods over one year show the average yearly return.
PeriodUDOW
Year to date+13.9%
1 month+4.0%
3 months−6.4%
1 year+16.0%
3 yearsper year+38.4%
5 yearsper year+10.7%
10 yearsper year+22.3%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for UDOW
YearReturn barUDOW
2026 YTD+13.9%
2025+24.5%

UDOW in the news

UDOW Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
1.06%Last 12 months
Payout per share
$0.69Last 12 months
Last payment
$0.15 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 15 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.007; Dec 26, 2017 $0.02; Dec 24, 2019 $0.07; Dec 23, 2020 $0.03; Dec 22, 2022 $0.09; Mar 20, 2024 $0.07; Jun 26, 2024 $0.16; Dec 23, 2024 $0.07; Mar 26, 2025 $0.16; Jun 25, 2025 $0.22; Sep 24, 2025 $0.23; Dec 24, 2025 $0.20; Mar 25, 2026 $0.14; Jun 24, 2026 $0.21; Sep 23, 2026 $0.15. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 23, 2026Sep 29, 2026$0.15
Jun 24, 2026Jun 30, 2026$0.21
Mar 25, 2026Mar 31, 2026$0.14
Dec 24, 2025Dec 31, 2025$0.20
Sep 24, 2025Sep 30, 2025$0.23
Jun 25, 2025Jul 1, 2025$0.22
Mar 26, 2025Apr 1, 2025$0.16
Dec 23, 2024Dec 31, 2024$0.07
Sep 25, 2024Oct 2, 2024No data
Jun 26, 2024Jul 3, 2024$0.16
Mar 20, 2024Mar 27, 2024$0.07
Dec 20, 2023Dec 28, 2023No data

See all 55 payments⁠

$10,000 in UDOW 10 years ago paid $2,077 in dividends.⁠

UDOW Risk

Risk pillarA85 out of 100Rank 1 of 30 in 3x Leveraged Long

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.

How much the fund’s monthly returns vary, scaled to a year.
37.2%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.95
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−56.0%
Trough Sep 2022
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.

How strongly the fund’s returns move with its asset-class index.
2.62
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

UDOW Cost

Compare UDOW and SOXL

Overpaying vs SOXL, cheapest in 3x Leveraged Long

$3,222

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • UDOW 0.94%

    $17,704

  • SOXL 0.75% Cheapest

    $14,482

$10,000
30 years

Cost over time

  • UDOW 0.94%
  • SOXL 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530UDOW $17,704SOXL $14,482

Year by year

YearUDOWSOXLOverpaying
10$1,661$1,336$325
20$6,260$5,078$1,182
30$17,704$14,482$3,222

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