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ProShares - UltraPro Dow30

UDOWNYSE ArcaAThis 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.

$65.52−0.68 (−1.02%)

At close: Oct 13, 2026, 4:00 PM

Intraday session: down, 79 prints from 66.20 to 65.52. Range 65.20 to 67.50. Use the arrow keys to read each point.66.5067.0067.5010 AM12 PM2 PM4 PM
Expense ratio
0.95%
Fund size
$923M
1Y total return
+33.2%
Yield · Last 12 months
1.05%
Holdings
33
Avg volume · 30D
1.7M sh
NAV per share
$66.19
52W range
low $46.25high $79.26
Launched
Filings
SEC EDGAR

The ETF.net UDOW Grade

A

Score 78 out of 100

Rank
2 of 31
Six-pillar profile for UDOW. Scores out of 100: Cost 73, Risk 83, Mission 76, Tradability 88, Holdings 57, Durability 71. Strongest: Tradability (88). Weakest: Holdings (57). Leans toward Tradability and Risk.

Score 78 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.
    A73 out of 100
    Rank 6 of 31
  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A76 out of 100
    Rank 3 of 3
  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A83 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.
    A88 out of 100
    Rank 2 of 31
  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B57 out of 100
    Rank 3 of 3
  • 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

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 Oct 13, 2026
Asset class
Stocks
Holdings
33
Top-10 weight
67%
Largest holding
IQMM24.1%

Sectors

  • Financials26.3%
  • Technology19.1%
  • Industrials16.0%
  • Health Care14.0%
  • Consumer Discretionary9.3%
  • Communication5.2%
  • Consumer Staples3.9%
  • Materials3.8%
  • Energy2.4%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001IQMMProshares Genius Mny Mkt Etf24.12%2,200,000$220M61
002—Net Other Assets (Liabilities)14.01%127,969,206$128M163
003GSGoldman Sachs Group Inc5.94%60,733$54M398
004CATCaterpillar Inc5.32%60,808$49M450
005—TREASURY BILL, 0%, due 2026-12-293.80%35,000,000$35M19
006MSFTMicrosoft Corp3.60%60,808$33M815
007AMGNAmgen Inc2.78%60,808$25M491
008VVisa Inc-Class A Shares2.59%60,808$24M558
009UNHUnitedHealth Group Inc2.52%60,808$23M481
010TRVTravelers Cos Inc/The2.47%60,808$23M382
011GOOGLAlphabet Inc-Cl A2.35%60,808$21M709
012AAPLApple Inc2.27%60,805$21M715
013JPMJPMorgan Chase & Co2.23%60,809$20M481
014SHWSherwin-Williams Co/The2.13%60,809$19M319
015AXPAmerican Express Co2.07%60,809$19M370

Showing 1–15 of 33 holdings

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$13,322
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. UDOW $13,322. SPY $12,044. Use the arrow keys to read each point.$8,818$12,445$16,071Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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+15.2%
1 month−4.8%
3 months−6.9%
1 year+33.2%
3 yearsper year+36.2%
5 yearsper year+13.7%
10 yearsper year+22.4%

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+15.2%
2025+24.5%
2024+28.1%
2023+31.1%
2022−32.8%
2021+65.1%
2020−17.3%

UDOW in the news

Filtered to UDOW · 3x Leveraged Long · ProShares

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 12, 2026.
1.05%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, 2024Data unavailable
Jun 26, 2024Jul 3, 2024$0.16
Mar 20, 2024Mar 27, 2024$0.07
Dec 20, 2023Dec 28, 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.
37.5%
Annualised · 36 months to Sep 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.
0.85
vs 3-month T-bills · to Sep 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.

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.

Other funds in 3x Leveraged Long