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UDOW

GradeANew York Stock Exchange Arca

ProShares - UltraPro Dow30

Leveraged · Leveraged & Inverse · ProShares · Inception 2010-02-09 · SEC filings

This 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.

$65.55−1.33 (−2.00%)

As of Sep 23, 2026, 2:20 PM EDT

Intraday session: down, 59 prints from 66.88 to 65.55. Range 65.22 to 66.49. Use the arrow keys to read each point.$66.00$66.5010 AM12 PM2 PM4 PM
Expense ratio
0.95%
Fund size
$847M
1Y return
+25.8%
Yield · Last 12 months
1.16%
Holdings
46
Volume · 30D
1.9M sh
NAV per share
$66.17
52W range
low $46.25high $79.26

The ETF.net UDOW Grade

A

77/ 100

Rank 2 of 31 in 3x Leveraged Long⁠

Confidence High

Six-pillar profile for UDOW. Scores out of 100: Cost 73, Risk 77, Mission 76, Tradability 88, Holdings 56, Durability 71. Strongest: Tradability (88). Weakest: Holdings (56). Leans toward Tradability.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 77 of 100 sits in the A 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.
    AScore 73
    Category rank11/31 · top 35%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 76
    Category rank3/3 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 77
    Category rank1/30 · top 3%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 88
    Category rank2/31 · top 6%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 56
    Category rank3/3 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 71
    Category rank2/31 · top 6%

Graded as of Sep 22, 2026

Our read on UDOW

ETF.net Research

AThe only ETF built to triple the Dow's daily move. Thirty blue chips, one ticker, three times the daily swing, reset every session.

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

  1. 01The lone ETF targeting 3x the daily move of the Dow, per ProShares. Thirty blue chips, one ticker, no margin account required.proshares.com
  2. 020.95% expense ratio, under the median for leveraged bull funds.
  3. 03Trading since 2010 and among the more actively traded leveraged funds, which generally shows up as tighter spreads.
  4. 04Want less octane on the same index? ProShares sibling DDM targets 2x daily at a near-identical fee.

Worth knowing

  1. 01Daily reset: hold past one session and returns can drift well away from 3x the index, especially in choppy markets.proshares.com
  2. 02Leverage runs both ways. A 1% down day in the Dow is built to land as about a 3% hit before fees.
  3. 03The Dow is price-weighted across 30 names, so higher-priced stocks move it most, and transports and utilities are excluded.spglobal.com

UDOW Holdings

As of Sep 20, 2026, 6:50 AM
Asset class
Stocks
Holdings
46
Top-10 weight
68%
Largest holding
IQMM25.8%

Sectors

  • Financials27.5%
  • Technology18.4%
  • Industrials15.6%
  • Health Care13.8%
  • Consumer Discr.10.0%
  • Communication5.0%
  • Materials3.8%
  • Cons. Staples3.8%
  • Energy2.3%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001IQMMPROSHARES GENIUS MNY MKT ETF25.80%2,200,000$220M61
002—Net Other Assets (Liabilities)15.19%129,671,886$130M162
003GSGOLDMAN SACHS GROUP INC5.57%50,483$48M399
004CATCATERPILLAR INC4.79%50,483$41M448
005—TREASURY BILL, 0%, due 2026-12-294.06%35,000,000$35M18
006—TREASURY BILL, 0%, due 2026-09-242.93%25,000,000$25M11
007MSFTMICROSOFT CORP2.92%50,483$25M792
008AMGNAMGEN INC2.28%50,483$19M470
009UNHUNITEDHEALTH GROUP INC2.23%50,483$19M474
010TRVTRAVELERS COS INC/THE2.22%50,483$19M378
011VVISA INC-CLASS A SHARES2.18%50,483$19M550
012JPMJPMORGAN CHASE & CO2.07%50,483$18M478
013GOOGLALPHABET INC-CL A2.07%50,483$18M704
014AAPLAPPLE INC1.99%50,480$17M707
015SHWSHERWIN-WILLIAMS CO/THE1.90%50,483$16M316

Showing 1–15 of 35 holdings

UDOW Performance

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

UDOW$12,585
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. UDOW $12,585. SPY $11,723. Use the arrow keys to read each point.$8,300$11,679$15,059Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

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.

Trailing total return for UDOW. Periods over one year show the average yearly return.
PeriodUDOW
Year to date+16.2%
1 month−8.2%
3 months−1.5%
1 year+25.8%
3 years+34.8%per year
5 years+14.1%per year
10 years+22.1%per year

As of the close, 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+16.2%
2025+24.5%
2024+28.1%
2023+31.1%
2022−32.8%
2021+65.1%
2020−17.3%

UDOW in the news

ETF.net Research hasn’t filed on UDOW yet — coverage lands here as it’s written.

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 Sep 22, 2026.
1.16%Last 12 months
Payout per share
$0.77Last 12 months
Last payment
$0.21 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. 14 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. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
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, 2024Data unavailable
Jun 26, 2024Jul 3, 2024$0.16
Mar 20, 2024Mar 27, 2024$0.07
Dec 20, 2023Dec 28, 2023Data unavailable
Sep 20, 2023Sep 27, 2023Data unavailable

UDOW 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.

How much the fund’s monthly returns vary, scaled to a year.
37.2%
Annualised · 36 months to Aug 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.
0.87
vs 3-month T-bills · to Aug 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.
2.60
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.

UDOW Cost

Expense ratio0.95%
  • The middle half of 3x Leveraged Long funds
  • Median 0.98%

5 of the 30 3x Leveraged Long funds charge less.

UDOW costs $95.00 a year on $10,000. The median 3x Leveraged Long fund costs $98.50.