{"url":"https://etfiq.com/compare/leverage/sdow-vs-udow","section":"compare","title":"SDOW vs UDOW: which held to its multiple? | ETFIQ","description":"SDOW sets out to return -3 times DIA each day and UDOW +3 times. Over the three months to Sep 30, 2026 they finished +2.1 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, SDOW or UDOW?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, SDOW finished 2.1 points from what its multiple implies and UDOW finished 3.1 points from its own, so SDOW came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are SDOW and UDOW levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on the Dow 30, SDOW at -3 times and UDOW at +3 times the daily move."}},{"@type":"Question","name":"Which one decays faster, SDOW or UDOW?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window SDOW\u2019s moved at 12% annualized and UDOW\u2019s at 12%, so SDOW has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold SDOW 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, SDOW or UDOW?","acceptedAnswer":{"@type":"Answer","text":"SDOW charges 0.95% a year and UDOW charges 0.95%, so SDOW 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":"SDOW vs UDOW","item":"https://etfiq.com/compare/leverage/sdow-vs-udow"}]},{"@type":"WebPage","name":"SDOW vs UDOW: which held to its multiple?","description":"SDOW sets out to return -3 times DIA each day and UDOW +3 times. Over the three months to Sep 30, 2026 they finished +2.1 pts and \u22123.1 pts away.","url":"https://etfiq.com/compare/leverage/sdow-vs-udow","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, SDOW finished 4.0 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 SDOW and UDOW","description":"SDOW sets out to return -3 times DIA each day and UDOW +3 times. Over the three months to Sep 30, 2026 they finished +2.1 pts and \u22123.1 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/sdow-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":7070,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / SDOW vs UDOW \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n SDOW vs UDOW: which held to its multiple?\n\n Over three months against its own daily promise, SDOW finished 4.0 points over and UDOW 2.3 points short.\n Copy this for sharing \n \n ProShares UltraPro Short Dow30 and ProShares UltraPro Dow30.\n\n Download as PDF \n\n +9.1% SDOW returned, 3 months \n \u221210.1% UDOW returned, 3 months \n +2.1 pts SDOW from its stated multiple \n \u22123.1 pts UDOW from its stated multiple \n\n ETFIQ Decay Resistance Score: SDOW scores higher\n Did it keep up wit","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/sdow-vs-udow","a":{"ticker":"SDOW","name":"ProShares UltraPro Short Dow30","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SDOW returned +9.1% where its own daily promise gave +5.1%, 4.0 points over.","url":"https://etfiq.com/funds/sdow","key_facts":[{"label":"What DIA did","value":"\u22122.3%","as_of":"2026-09-30","source":null},{"label":"What \u22123 times a day gives","value":"+5.1%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+9.1%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+4.0 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$154m","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/sdow-vs-udow"}