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SDOW vs WEBS

ProShares UltraPro Short Dow30

SDOWANYSE Arca

Direxion Daily Dow Jones Internet Bear 3X ETF

WEBSFNYSE Arca

Overlap

Expense ratio

SDOW −0.12pt a year

SDOW0.95%WEBS1.07%

Avg volume · 30D

SDOW 79.4×the volume

SDOW3.85MWEBS48.5K

5Y return · a year

SDOW +8.8pt

SDOW−23.1%WEBS−31.9%

SDOW vs WEBS Performance

Oct 29, 2021 – Oct 30, 2026

−73.1%SDOW−85.4%WEBS

Oct 29, 2021 to Oct 30, 2026. SDOW −73.1%. WEBS −85.4%. Use the arrow keys to read each point.0%100%200%300%Oct 2021Apr 2024Oct 2026
Expense ratio
SDOW 0.95%, better
WEBS 1.07%
Fund size
SDOW $154M
WEBS $7M
1Y total return
SDOW −21.9%
WEBS +5.6%, better
Yield (12M)
SDOW 4.76%, better
WEBS 3.27%
Holdings
SDOW 10
WEBS 4
Avg volume (30D)
SDOW 3.85M sh, better
WEBS 48.5K sh
NAV per share
SDOW $25.01
WEBS $16.16
52W range

ETF.net Grade

SDOW: Cost 84, Risk 69, Mission 78, Tradability 81, Holdings 0, Durability 67. WEBS: Cost 5, Risk 59, Mission not scored, Tradability 24, Holdings not scored, Durability 19.
Pillar letters and Scores for SDOW, WEBS, with each pillar’s weight
PillarSDOWWEBS
Cost30% weightA84HigherF5
Mission25% weightA78Not scored
Risk15% weightB69HigherB59
Tradability15% weightA81HigherF24
Holdings10% weightF0Not scored
Durability5% weightB67HigherF19

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 WEBS 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 WEBS 13th 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 12FHIBSDirexion Daily S&P 500 High Beta Bear 3X ETFScore 23
  5. Rank 13FWEBSDirexion Daily Dow Jones Internet Bear 3X ETFScore 22
  6. Rank 14FLABDDirexion Daily S&P Biotech Bear 3X ETFScore 19

Our read on each fund

ETF.net Research

SDOWAProShares UltraPro Short Dow30

WEBSFDirexion Daily Dow Jones Internet Bear 3X ETF

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.

WEBS Most triple-inverse ETFs short the whole market. WEBS aims at 3x the inverse of one day's move in a 40-stock Dow Jones internet index, at 1.07% net of a waiver through September 1, 2027.

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.

WEBS The fund seeks daily investment results equal to 300% of the inverse performance of the Dow Jones Internet Composite Index, before fees and expenses.

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.
  • WEBS Targets 3x the inverse of one day's move in the Dow Jones Internet Composite: 40 big US internet names, not the broad benchmarks most bears in this group short.spindices.com
  • Exposure resets daily, so each session starts back near the stated 3x inverse rather than drifting with an aging position.
  • Trading since 2019, from Direxion, which also runs other triple-inverse funds in this category including TZA and SOXS.

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
  • WEBS The 3x target applies to one day. Over longer holds, daily compounding in a choppy index can push results far from 3x the index move, in either direction.
  • 1.07% net of a waiver through September 1, 2027 (1.23% gross): above SQQQ's 0.94% and SRTY's 0.95% net of a waiver through September 30, 2027, but near the category median.
  • Sits at the smaller, moderately traded end of its 14-fund category, so spreads and order size matter more here than with the headline index bears.

Full SDOW profile⁠

Full WEBS profile⁠

SDOW vs WEBS 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 WEBS Cost

Overpaying WEBS vs SDOW

$1,946

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

  • SDOW 0.95%

    $17,869

  • WEBS 1.07%

    $19,815

$10,000
30 years

Cost over time

  • SDOW 0.95%
  • WEBS 1.07%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530WEBS $19,815SDOW $17,869

Year by year

YearSDOWWEBSOverpaying
10$1,678$1,881$203
20$6,322$7,046$724
30$17,869$19,815$1,946

Expense ratio

  • 0.95%SDOW, cheaper
  • 1.07%WEBS
  • Middle half of 3x Leveraged Inverse funds
  • Median 1.02%

SDOW 2nd cheapest of 14 funds

WEBS 13th cheapest of 14 funds

SDOW vs WEBS Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
SDOW 4.76%, better
WEBS 3.27%
Payout (12M)
SDOW $1.19
WEBS $0.58
Last payment
SDOW $0.29
WEBS $0.19
Ex-dividend
SDOW Sep 23, 2026
WEBS Sep 22, 2026
Paid on
SDOW Sep 29, 2026
WEBS Sep 29, 2026
Frequency
SDOW Quarterly
WEBS 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
WEBSQuarterly · 19 paymentsAll WEBS payments⁠
One bar per payment. 19 payments from 2017 to 2026 YTD. Dec 23, 2019 $2.54; Mar 24, 2020 $3.15; Sep 20, 2022 $0.13; Dec 20, 2022 $0.62; Mar 21, 2023 $1.88; Jun 21, 2023 $2.06; Sep 19, 2023 $1.62; Dec 21, 2023 $1.70; Mar 19, 2024 $0.80; Jun 25, 2024 $0.89; Sep 24, 2024 $0.70; Dec 23, 2024 $0.42; Mar 25, 2025 $0.22; Jun 24, 2025 $0.22; Sep 23, 2025 $0.15; Dec 23, 2025 $0.17; Mar 24, 2026 $0.12; Jun 23, 2026 $0.11; Sep 22, 2026 $0.19. Use the arrow keys to read each point.$0$52017202020232026YTD

SDOW vs WEBS Risk

Fall from peak · 5 years

  • SDOW
  • WEBS
Oct 29, 2021 to Oct 30, 2026. Worst fall: WEBS −97.5% · Oct 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%, betterWEBS 57.3%
Return per unit of riskSharpe ratio, 3 years
SDOW −1.22WEBS −0.95, better
Worst fallMax drawdown, 5 years
SDOW −85.1%, betterWEBS −97.5%
Market sensitivityBeta, 5 years
SDOW −2.46WEBS −3.47

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