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TPOR vs UDOW

Direxion Daily Transportation Bull 3X ETF

TPORDNYSE Arca

ProShares UltraPro Dow30

UDOWANYSE Arca

Overlap

Expense ratio

UDOW −0.05pt a year

TPOR0.99%UDOW0.94%

Avg volume · 30D

UDOW 111.3×the volume

TPOR15.4KUDOW1.72M

5Y return · a year

UDOW +17.0pt

TPOR−6.3%UDOW+10.7%

TPOR vs UDOW Performance

Oct 29, 2021 – Oct 30, 2026

−27.9%TPOR+66.5%UDOW

Oct 29, 2021 to Oct 30, 2026. TPOR −27.9%. UDOW +66.5%. Use the arrow keys to read each point.−50%0%25%100%Oct 2021Apr 2024Oct 2026
Expense ratio
TPOR 0.99%
UDOW 0.94%, better
Fund size
TPOR $17M
UDOW $841M
1Y total return
TPOR +19.5%, better
UDOW +16.0%
Yield (12M)
TPOR 0.86%
UDOW 1.06%, better
Holdings
TPOR 50
UDOW 33
Avg volume (30D)
TPOR 15.4K sh
UDOW 1.72M sh, better
NAV per share
TPOR $33.21
UDOW $65.43
52W range

ETF.net Grade

TPOR: Cost 25, Risk 51, Mission not scored, Tradability 30, Holdings not scored, Durability 24. UDOW: Cost 78, Risk 85, Mission 77, Tradability 89, Holdings 56, Durability 71.
Pillar letters and Scores for TPOR, UDOW, with each pillar’s weight
PillarTPORUDOW
Cost30% weightD25A78Higher
Mission25% weightNot scoredA77
Risk15% weightC51A85Higher
Tradability15% weightD30A89Higher
Holdings10% weightNot scoredB56
Durability5% weightF24A71Higher

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. TPOR 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 TPOR 24th 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 22DHIBLDirexion Daily S&P 500 High Beta Bull 3X ETFScore 35
  5. Rank 24DTPORDirexion Daily Transportation Bull 3X ETFScore 32
  6. Rank 24DTYDDirexion Daily 7-10 Year Treasury Bull 3X ETFScore 32

Our read on each fund

ETF.net Research

TPORDDirexion Daily Transportation Bull 3X ETF

UDOWAProShares UltraPro Dow30

In short

TPOR The only 3x way to trade trucks, rails, airlines and parcels in one ticker. Since 2022 TPOR has tracked a capped S&P transportation index of about 50 names instead of the 20-stock Dow Transports, and its leverage resets every single day.

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

TPOR The fund seeks daily investment results equal to 300% of the S&P Transportation Select Industry FMC Capped Index before fees and expenses. This objective applies for a single day, not as a three-times cumulative return over longer 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

  • TPOR Direxion's transportation slot is bull-only: TPOR is the lineup's single 3x ticker on rails, truckers, airlines and parcel carriers, with no bear twin beside it.direxion.com
  • Traded the 20-stock Dow Transports for S&P's capped transportation index in August 2022, spreading exposure across about 50 names with single-stock weight caps.sec.govspglobal.com
  • Costs 0.99% net of a waiver through September 1, 2027 (1.12% gross), near the 3x category median, though SOXL (0.75%, net of a waiver through September 1, 2027) runs cheaper.
  • 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

  • TPOR The 300% target applies to a single day. Hold longer and returns compound off each close, so multi-day results can drift well away from 3x the index move.sec.gov
  • One of the smaller and thinner-traded names in the 3x bull group, so spreads and depth matter more here than with the category's household tickers.
  • On cost, tradability and staying power it sits in the lower reaches of its 3x bull peer group.
  • 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 TPOR profile⁠

Full UDOW profile⁠

TPOR vs 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.

TPOR vs UDOW Cost

Overpaying TPOR vs UDOW

$821

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

  • TPOR 0.99%

    $18,525

  • UDOW 0.94%

    $17,704

$10,000
30 years

Cost over time

  • TPOR 0.99%
  • 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$20K051015202530TPOR $18,525UDOW $17,704

Year by year

YearTPORUDOWOverpaying
10$1,746$1,661$85
20$6,565$6,260$305
30$18,525$17,704$821

Expense ratio

  • 0.99%TPOR
  • 0.94%UDOW, cheaper
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

UDOW 7th cheapest of 30 funds

TPOR 22nd cheapest of 30 funds

TPOR vs UDOW Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
TPOR 0.86%
UDOW 1.06%, better
Payout (12M)
TPOR $0.29
UDOW $0.69
Last payment
TPOR $0.12
UDOW $0.15
Ex-dividend
TPOR Sep 22, 2026
UDOW Sep 23, 2026
Paid on
TPOR Sep 29, 2026
UDOW Sep 29, 2026
Frequency
TPOR Quarterly
UDOW Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

TPORQuarterly · 26 paymentsAll TPOR payments⁠
One bar per payment. 26 payments from 2017 to 2026 YTD. Dec 13, 2017 $2.93; Mar 20, 2018 $0.04; Jun 19, 2018 $0.06; Sep 25, 2018 $0.07; Dec 27, 2018 $0.06; Mar 19, 2019 $0.08; Jun 25, 2019 $0.07; Sep 24, 2019 $0.07; Dec 23, 2019 $0.05; Mar 24, 2020 $0.01; Dec 22, 2020 $0.009; Mar 21, 2023 $0.20; Jun 21, 2023 $0.07; Sep 19, 2023 $0.10; Dec 21, 2023 $0.12; Mar 19, 2024 $0.15; Jun 25, 2024 $0.08; Sep 24, 2024 $0.14; Dec 23, 2024 $0.06; Mar 25, 2025 $0.09; Jun 24, 2025 $0.10; Sep 23, 2025 $0.05; Dec 23, 2025 $0.03; Mar 24, 2026 $0.09; Jun 23, 2026 $0.05; Sep 22, 2026 $0.12. Use the arrow keys to read each point.$0$2.502017202020232026YTD
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$2.502017202020232026YTD

TPOR vs UDOW Risk

Fall from peak · 5 years

  • TPOR
  • UDOW
Oct 29, 2021 to Oct 30, 2026. Worst fall: TPOR −74.1% · Apr 2025. Use the arrow keys to read each point.−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
TPOR 55.9%UDOW 37.2%, better
Return per unit of riskSharpe ratio, 3 years
TPOR 0.54UDOW 0.95, better
Worst fallMax drawdown, 5 years
TPOR −74.1%UDOW −56.0%, better
Market sensitivityBeta, 5 years
TPOR 3.55UDOW 2.62

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