{"url":"https://etfiq.com/compare/leverage/dog-vs-udow","section":"compare","title":"DOG vs UDOW: which held to its multiple? | ETFIQ","description":"DOG sets out to return -1 times DIA each day and UDOW +3 times. Over the three months to Sep 30, 2026 they finished +1.3 pts and \u22123.1 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, DOG or UDOW?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, DOG finished 1.3 points from what its multiple implies and UDOW finished 3.1 points from its own, so DOG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are DOG and UDOW levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on the Dow 30, DOG at -1 times and UDOW at +3 times the daily move."}},{"@type":"Question","name":"Which one decays faster, DOG or UDOW?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window DOG\u2019s moved at 12% annualized and UDOW\u2019s at 12%, so DOG has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold DOG or UDOW for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, DOG or UDOW?","acceptedAnswer":{"@type":"Answer","text":"DOG charges 0.95% a year and UDOW charges 0.95%, so DOG is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"DOG vs UDOW","item":"https://etfiq.com/compare/leverage/dog-vs-udow"}]},{"@type":"WebPage","name":"DOG vs UDOW: which held to its multiple?","description":"DOG sets out to return -1 times DIA each day and UDOW +3 times. Over the three months to Sep 30, 2026 they finished +1.3 pts and \u22123.1 pts away.","url":"https://etfiq.com/compare/leverage/dog-vs-udow","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, DOG finished 1.6 points over and UDOW 2.3 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of DOG and UDOW","description":"DOG sets out to return -1 times DIA each day and UDOW +3 times. Over the three months to Sep 30, 2026 they finished +1.3 pts and \u22123.1 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/dog-vs-udow","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6994,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / DOG vs UDOW \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n DOG vs UDOW: which held to its multiple?\n\n Over three months against its own daily promise, DOG finished 1.6 points over and UDOW 2.3 points short.\n Copy this for sharing \n \n ProShares Short Dow30 and ProShares UltraPro Dow30.\n\n Download as PDF \n\n +3.6% DOG returned, 3 months \n \u221210.1% UDOW returned, 3 months \n +1.3 pts DOG from its stated multiple \n \u22123.1 pts UDOW from its stated multiple \n\n ETFIQ Decay Resistance Score: UDOW scores higher\n Did it keep up with its own dail","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/dog-vs-udow","a":{"ticker":"DOG","name":"ProShares Short Dow30","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: DOG returned +3.6% where its own daily promise gave +2.0%, 1.6 points over.","url":"https://etfiq.com/funds/dog","key_facts":[{"label":"What DIA did","value":"\u22122.3%","as_of":"2026-09-30","source":null},{"label":"What \u22121 times a day gives","value":"+2.0%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+3.6%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+1.6 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$102m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"485BPOS XBRL, Sep 25, 2026"}]},"b":{"ticker":"UDOW","name":"ProShares UltraPro Dow30","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: UDOW returned \u221210.1% where its own daily promise gave \u22127.8%, 2.3 points short.","url":"https://etfiq.com/funds/udow","key_facts":[{"label":"What DIA did","value":"\u22122.3%","as_of":"2026-09-30","source":null},{"label":"What 3 times a day gives","value":"\u22127.8%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221210.1%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22122.3 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$833m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"485BPOS XBRL, Sep 23, 2025"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/dog-vs-udow"}