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SDOW vs SRTY

ProShares UltraPro Short Dow30

SDOWANYSE Arca

ProShares UltraPro Short Russell2000

SRTYANYSE Arca

Overlap

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

SDOW0.95%SRTY0.95%

Avg volume · 30D

SDOW 2.4×the volume

SDOW3.85MSRTY1.6M

10Y return · a year

SDOW +5.2pt

SDOW−37.6%SRTY−42.8%

SDOW vs SRTY Performance

Oct 29, 2021 – Oct 30, 2026

−73.1%SDOW−82.0%SRTY

Oct 29, 2021 to Oct 30, 2026. SDOW −73.1%. SRTY −82.0%. Use the arrow keys to read each point.−25%0%25%50%75%Oct 2021Apr 2024Oct 2026
Expense ratio
SDOW 0.95%
SRTY 0.95%
Fund size
SDOW $154M
SRTY $68M
1Y total return
SDOW −21.9%, better
SRTY −37.4%
Yield (12M)
SDOW 4.76%
SRTY 5.87%, better
Holdings
SDOW 10
SRTY 5
Avg volume (30D)
SDOW 3.85M sh, better
SRTY 1.6M sh
NAV per share
SDOW $25.01
SRTY $26.34
52W range

ETF.net Grade

SDOW: Cost 84, Risk 69, Mission 78, Tradability 81, Holdings 0, Durability 67. SRTY: Cost 84, Risk 53, Mission 83, Tradability 70, Holdings not scored, Durability 56.
Pillar letters and Scores for SDOW, SRTY, with each pillar’s weight
PillarSDOWSRTY
Cost30% weightA84A84
Mission25% weightA78A83Higher
Risk15% weightB69HigherC53
Tradability15% weightA81HigherA70
Holdings10% weightF0Not scored
Durability5% weightB67HigherB56

Rank among 3x Leveraged Inverse funds

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

Same Category. SDOW and SRTY are both graded against the same 14 3x Leveraged Inverse funds, so their Grades compare head to head.

3x Leveraged Inverse⁠

Category · 14 funds
See all 14 ›

SDOW ranks 2nd and SRTY 3rd of 14 funds in the 3x Leveraged Inverse Category.

  1. Rank 1ASQQQProShares UltraPro Short QQQScore 83
  2. Rank 2ASDOWProShares UltraPro Short Dow30Score 78
  3. Rank 3ASRTYProShares UltraPro Short Russell2000Score 71
  4. Rank 4BTZADirexion Daily Small Cap Bear 3X ETFScore 61

Our read on each fund

ETF.net Research

SDOWAProShares UltraPro Short Dow30

SRTYAProShares UltraPro Short Russell2000

In short

SDOW The only -3x ETF pointed at the Dow. SDOW aims to deliver three times the inverse of the index's daily move, reset at each close, for 0.95% net of a waiver through September 30, 2027.

SRTY A one-day instrument by design: SRTY aims for three times the inverse of the Russell 2000's daily move, and it has been the ProShares small-cap bear since 2010.

Stated mandate

SDOW SDOW seeks daily investment results, before fees and expenses, corresponding to three times the inverse of the daily performance of the Dow Jones Industrial Average.

SRTY SRTY seeks daily investment results, before fees and expenses, equal to three times the inverse daily performance of the Russell 2000 Index.

Why people hold it

  • SDOW ProShares calls it the only -3x ETF built to move against the Dow's daily price, so a bearish view on the 30 blue chips has one address, not a Nasdaq or small-cap stand-in.proshares.com
  • 0.95% net of a waiver through September 30, 2027 (0.98% gross) lands below the 3x bear median, next to SQQQ at 0.94% and SRTY at 0.95% net of a waiver through the same date.
  • Running since 2010 and actively traded, it sits among the stronger implementations in the 3x bear group, which matters for a tool used in days rather than years.
  • SRTY 0.95% net of a waiver through September 30, 2027 (1.10% gross), which undercuts TZA at 0.99%, the only other 3x small-cap bear in the peer set, and sits below the category median.
  • The mechanism is plain: three times the inverse of the Russell 2000's daily performance, reset each day. That index covers roughly 2,000 of the smallest names in the Russell 3000.proshares.comfidelity.com
  • Listed since 2010 and actively traded, it rates as one of the stronger implementations in its bear-3x peer group.

Worth knowing

  • SDOW The -3x target is a one-day target. Held longer, compounding can push results away from -3x the Dow's move over the same stretch, especially after choppy markets.proshares.com
  • Leverage cuts both ways: on a day the Dow rises, the fund is designed to lose roughly three times as much.proshares.com
  • Exposure comes from swaps and futures rather than Dow shares, and the fee runs above a plain Dow index fund.proshares.com
  • SRTY Daily reset means compounding. Hold past a single day and results can diverge widely from 3x the index's move over that stretch, especially through choppy markets.proshares.com
  • The fee steps toward the 1.10% gross rate if the waiver is not extended past September 30, 2027.
  • Small caps are the jumpier end of US equity, and a 3x inverse multiplies that daily swing in both directions.fidelity.com

Full SDOW profile⁠

Full SRTY profile⁠

SDOW vs SRTY 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.

SDOW vs SRTY Cost

Same expense ratio

$17,869

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

  • SDOW 0.95%

    $17,869

  • SRTY 0.95%

    $17,869

$10,000
30 years

Cost over time

  • SDOW 0.95%
  • SRTY 0.95%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530SDOW $17,869SRTY $17,869

Year by year

YearSDOWSRTY
10$1,678$1,678
20$6,322$6,322
30$17,869$17,869

Expense ratio

  • 0.95%SDOW
  • 0.95%SRTY
  • Middle half of 3x Leveraged Inverse funds
  • Median 1.02%

SDOW 2nd cheapest of 14 funds

SRTY 2nd cheapest of 14 funds

SDOW vs SRTY Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
SDOW 4.76%
SRTY 5.87%, better
Payout (12M)
SDOW $1.19
SRTY $1.55
Last payment
SDOW $0.29
SRTY $0.27
Ex-dividend
SDOW Sep 23, 2026
SRTY Sep 23, 2026
Paid on
SDOW Sep 29, 2026
SRTY Sep 29, 2026
Frequency
SDOW Quarterly
SRTY Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SDOWQuarterly · 26 paymentsAll SDOW payments⁠
One bar per payment. 26 payments from 2017 to 2026 YTD. Dec 26, 2017 $1.10; Mar 21, 2018 $2.04; Jun 20, 2018 $2.87; Sep 26, 2018 $3.60; Dec 26, 2018 $6.62; Mar 20, 2019 $2.73; Jun 25, 2019 $4.55; Sep 25, 2019 $3.69; Dec 24, 2019 $2.27; Mar 25, 2020 $1.06; Dec 22, 2022 $0.39; Mar 22, 2023 $0.88; Jun 21, 2023 $1.03; Sep 20, 2023 $1.03; Dec 20, 2023 $1.01; Mar 20, 2024 $1.01; Jun 26, 2024 $1.10; Sep 25, 2024 $0.93; Dec 23, 2024 $1.17; Mar 26, 2025 $0.61; Jun 25, 2025 $0.39; Sep 24, 2025 $0.41; Dec 24, 2025 $0.44; Mar 25, 2026 $0.24; Jun 24, 2026 $0.22; Sep 23, 2026 $0.29. Use the arrow keys to read each point.$0$52017202020232026YTD
SRTYQuarterly · 10 paymentsAll SRTY payments⁠
One bar per payment. 10 payments from 2017 to 2026 YTD. Mar 20, 2024 $1.50; Jun 26, 2024 $1.99; Dec 23, 2024 $1.80; Mar 26, 2025 $0.89; Jun 25, 2025 $0.68; Sep 24, 2025 $0.63; Dec 24, 2025 $0.72; Mar 25, 2026 $0.27; Jun 24, 2026 $0.29; Sep 23, 2026 $0.27. Use the arrow keys to read each point.$0$52017202020232026YTD

SDOW vs SRTY Risk

Fall from peak · 5 years

  • SDOW
  • SRTY
Oct 29, 2021 to Oct 30, 2026. Worst fall: SRTY −92.8% · Aug 2026. Use the arrow keys to read each point.−100%−75%−50%−25%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
SDOW 34.4%, betterSRTY 54.0%
Return per unit of riskSharpe ratio, 3 years
SDOW −1.22SRTY −1.04, better
Worst fallMax drawdown, 5 years
SDOW −85.1%, betterSRTY −92.8%
Market sensitivityBeta, 5 years
SDOW −2.46SRTY −3.24

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