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EURL vs UDOW

Direxion Daily FTSE Europe Bull 3X ETF

EURLDNYSE Arca

ProShares UltraPro Dow30

UDOWANYSE Arca

Overlap

0.0%by weight

Expense ratio

UDOW −0.10pt a year

EURL1.04%UDOW0.94%

Avg volume · 30D

UDOW 114.5×the volume

EURL15KUDOW1.72M

10Y return · a year

UDOW +12.2pt

EURL+10.1%UDOW+22.3%

EURL vs UDOW Performance

Oct 29, 2021 – Oct 30, 2026

+23.6%EURL+66.5%UDOW

Oct 29, 2021 to Oct 30, 2026. EURL +23.6%. UDOW +66.5%. Use the arrow keys to read each point.−50%0%100%Oct 2021Apr 2024Oct 2026
Expense ratio
EURL 1.04%
UDOW 0.94%, better
Fund size
EURL $41M
UDOW $841M
1Y total return
EURL +17.7%, better
UDOW +16.0%
Yield (12M)
EURL 1.98%, better
UDOW 1.06%
Holdings
EURL 9
UDOW 33
Avg volume (30D)
EURL 15K sh
UDOW 1.72M sh, better
NAV per share
EURL $43.57
UDOW $65.43
52W range

ETF.net Grade

EURL: Cost 20, Risk 69, Mission not scored, Tradability 30, Holdings not scored, Durability 44. UDOW: Cost 78, Risk 85, Mission 77, Tradability 89, Holdings 56, Durability 71.
Pillar letters and Scores for EURL, UDOW, with each pillar’s weight
PillarEURLUDOW
Cost30% weightF20A78Higher
Mission25% weightNot scoredA77
Risk15% weightB69A85Higher
Tradability15% weightD30A89Higher
Holdings10% weightNot scoredB56
Durability5% weightC44A71Higher

Rank among 3x Leveraged Long funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. EURL and UDOW are both graded against the same 30 3x Leveraged Long funds, so their Grades compare head to head.

3x Leveraged Long⁠

Category · 30 funds
See all 30 ›

UDOW ranks 2nd and EURL 22nd of 30 funds in the 3x Leveraged Long Category.

  1. Rank 1ATQQQProShares UltraPro QQQScore 86
  2. Rank 2AUDOWProShares UltraPro Dow30Score 81
  3. Rank 3AFASDirexion Daily Financial Bull 3X ETFScore 80
  4. Rank 21DPILLDirexion Daily Pharmaceutical & Medical Bull 3X ETFScore 37
  5. Rank 22DEURLDirexion Daily FTSE Europe Bull 3X ETFScore 35
  6. Rank 22DHIBLDirexion Daily S&P 500 High Beta Bull 3X ETFScore 35

Our read on each fund

ETF.net Research

EURLDDirexion Daily FTSE Europe Bull 3X ETF

UDOWAProShares UltraPro Dow30

In short

EURL Most 3x bull funds point at US indexes and sectors. EURL aims the same machinery at Europe, seeking 300% of the FTSE Developed Europe All Cap Index's move for one day at a time, at 1.04% net of a waiver through September 1, 2027.

UDOW The 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

EURL The fund seeks a daily return equal to 300% of the FTSE Developed Europe All Cap Index's performance, before fees and expenses. Its objective applies to a single day rather than longer cumulative periods.

UDOW 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

  • EURL A single-ticker way to take a leveraged swing at Europe: 3x daily exposure to a broad all-cap developed-Europe index rather than a sector sliver or a basket of ADRs.direxion.com
  • Running since 2014, so the structure has a long live history on the tape, not a backtest, through more than a decade of European politics and rate cycles.direxion.com
  • The mandate is refreshingly blunt: 300% of the index for a single day, reset daily, with Direxion's own documents saying not to expect 3x over longer stretches.direxion.com
  • UDOW 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

  • EURL Cost sits above the category's typical 3x fee: 1.04% net of a waiver through September 1, 2027 (1.05% gross), versus SOXL at 0.75% net of its own waiver to September 1, 2027.
  • A small fund that trades thinly next to the lineup's headline tickers, which tends to show up as wider bid-ask spreads around the quoted price.
  • Daily reset makes multi-day results path-dependent: a choppy round trip in the index can leave the fund lower even if the index ends flat.direxion.com
  • UDOW 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

Full EURL profile⁠

Full UDOW profile⁠

EURL vs UDOW Holdings

How EURL and UDOW differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of EURL and 0.0% of UDOW.

Level by level

  • Holdings0 in both0.0%
  • Countryby domicile1.2%
  • Sector11 Sectors82.3%
  • Asset classEquity100%

Sector

Sector weights in EURL and UDOW, widest gap first
SectorMore in EURLMore in UDOW
TechnologyUDOW +10.1 points
UtilitiesEURL +4.3 points
IndustrialsEURL +3.8 points
Consumer StaplesEURL +3.6 points
EnergyEURL +2.7 points
Consumer DiscretionaryUDOW +2.4 points
CommunicationUDOW +2.3 points
Health CareUDOW +1.9 points
MaterialsEURL +1.7 points
Real EstateEURL +1.5 points
FinancialsUDOW +1.0 points

Country, concentration and asset class

Country by domicile

Country weights in EURL and UDOW, widest gap first
CountryMore in EURLMore in UDOW
United StatesUDOW +98.8 points
United KingdomEURL +21.7 points
SwitzerlandEURL +14.4 points
GermanyEURL +12.9 points
FranceEURL +12.7 points
NetherlandsEURL +9.0 points
SpainEURL +6.0 points
SwedenEURL +5.9 points
Other countries (16)EURL +16.3 points

Outside the US: EURL 98% developed, 2% emerging.

Concentration

Weight in the 10 largest Holdings

  • EURL100.0%
  • UDOW68.0%

Securities held

  • EURL2
  • UDOW32

Asset class

EURL
Equity
UDOW
Equity

Holdings

  • Only in EURL2
  • In both0
  • Only in UDOW32

Only in EURL

2 securities, 24.0% of EURL by weight

  • Vanguard Ftse Europe Etf12.24%
  • Goldman Finl Sq Trsry Inst 50611.75%

Only in UDOW

32 securities, 86.2% of UDOW by weight

  • Proshares Genius Mny Mkt Etf26.20%
  • Goldman Sachs Group Inc5.73%
  • TREASURY BILL, 0%, due 2026-12-294.14%

Weight gaps

EURL and UDOW share no securities.

All 10 EURL holdings⁠All 46 UDOW holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EURL vs UDOW Cost

Overpaying EURL vs UDOW

$1,630

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

  • EURL 1.04%

    $19,334

  • UDOW 0.94%

    $17,704

$10,000
30 years

Cost over time

  • EURL 1.04%
  • UDOW 0.94%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530EURL $19,334UDOW $17,704

Year by year

YearEURLUDOWOverpaying
10$1,831$1,661$170
20$6,867$6,260$607
30$19,334$17,704$1,630

Expense ratio

  • 1.04%EURL
  • 0.94%UDOW, cheaper
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

UDOW 7th cheapest of 30 funds

EURL 24th cheapest of 30 funds

EURL vs UDOW Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
EURL 1.98%, better
UDOW 1.06%
Payout (12M)
EURL $0.84
UDOW $0.69
Last payment
EURL $0.15
UDOW $0.15
Ex-dividend
EURL Sep 22, 2026
UDOW Sep 23, 2026
Paid on
EURL Sep 29, 2026
UDOW Sep 29, 2026
Frequency
EURL Quarterly
UDOW Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

EURLQuarterly · 29 paymentsAll EURL payments⁠
One bar per payment. 29 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.14; Jun 17, 2018 $0.14; Sep 25, 2018 $0.37; Dec 27, 2018 $0.10; Mar 19, 2019 $0.06; Jun 25, 2019 $0.25; Dec 23, 2019 $0.09; Mar 24, 2020 $0.06; Dec 22, 2020 $0.05; Sep 21, 2021 $0.09; Dec 21, 2021 $0.04; Mar 22, 2022 $0.06; Sep 20, 2022 $0.17; Dec 20, 2022 $0.08; Mar 21, 2023 $0.06; Jun 21, 2023 $0.14; Sep 19, 2023 $0.22; Dec 21, 2023 $0.17; Mar 19, 2024 $0.13; Jun 25, 2024 $0.31; Sep 24, 2024 $0.10; Dec 23, 2024 $0.18; Mar 25, 2025 $0.12; Jun 24, 2025 $0.30; Sep 23, 2025 $0.05; Dec 23, 2025 $0.15; Mar 24, 2026 $0.14; Jun 23, 2026 $0.39; Sep 22, 2026 $0.15. Use the arrow keys to read each point.$0$0.252017202020232026YTD
UDOWQuarterly · 15 paymentsAll UDOW payments⁠
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.$0$0.252017202020232026YTD

EURL vs UDOW Risk

Fall from peak · 5 years

  • EURL
  • UDOW
Oct 29, 2021 to Oct 30, 2026. Worst fall: EURL −74.7% · Oct 2022. Use the arrow keys to read each point.−80%−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
EURL 39.3%UDOW 37.2%, better
Return per unit of riskSharpe ratio, 3 years
EURL 0.98, betterUDOW 0.95
Worst fallMax drawdown, 5 years
EURL −74.7%UDOW −56.0%, better
Market sensitivityBeta, 5 years
EURL 2.02UDOW 2.62

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