{
 "ticker": "UDOW",
 "name": "ProShares UltraPro Dow30",
 "issuer": "ProShares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/UDOW",
 "html": "https://etfiq.com/funds/UDOW",
 "markdown": "https://etfiq.com/funds/UDOW.md",
 "as_of": "2026-09-11",
 "verdict": "Three months to Sep 11, 2026: UDOW returned +5.6% where its own daily promise gave +7.8%, 2.2 points short.",
 "key_facts": [
  {
   "key": "what_dia_did",
   "label": "What DIA did",
   "value": "+2.9%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "UDOW, what DIA did: +2.9%, as of Sep 11, 2026."
  },
  {
   "key": "what_3_times_a_day_gives",
   "label": "What +3 times a day gives",
   "value": "+7.8%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "UDOW, what +3 times a day gives: +7.8%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "+5.6%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "UDOW, what the fund returned: +5.6%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22122.2 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "UDOW, the fund itself cost: \u22122.2 pts, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$879m",
   "source": "issuer page, as of Sep 11, 2026",
   "as_of": "2026-09-11",
   "sentence": "UDOW, net assets: $879m (issuer page, as of Sep 11, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.95%",
   "source": "485BPOS XBRL, Sep 23, 2025",
   "as_of": "2026-09-11",
   "sentence": "UDOW, expense ratio: 0.95% (485BPOS XBRL, Sep 23, 2025)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+3 times the daily move of DIA, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "DIA moved +2.9% over this window, too little to read a multiple from",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "DIA",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "broad index, us large cap",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$879m",
   "source": "issuer page, as of Sep 11, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.95%",
   "source": "485BPOS XBRL, Sep 23, 2025"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Feb 11, 2010",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "11% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u22127.0%",
   "DIA": "\u22122.0%",
   "+3x the move": "\u22126.1%",
   "Difference": "\u22120.9 pts",
   "DIA moved about": "10%"
  },
  {
   "window": "3 months",
   "Fund": "+5.6%",
   "DIA": "+2.9%",
   "+3x the move": "+8.6%",
   "Difference": "\u22123.0 pts",
   "DIA moved about": "11%"
  },
  {
   "window": "6 months",
   "Fund": "+36.0%",
   "DIA": "+13.5%",
   "+3x the move": "+40.6%",
   "Difference": "\u22124.5 pts",
   "DIA moved about": "13%"
  },
  {
   "window": "1 year",
   "Fund": "+33.4%",
   "DIA": "+15.6%",
   "+3x the move": "+46.7%",
   "Difference": "\u221213.4 pts",
   "DIA moved about": "12%"
  },
  {
   "window": "3 years",
   "Fund": "+141.0%",
   "DIA": "+58.9%",
   "+3x the move": "+176.8%",
   "Difference": "\u221235.8 pts",
   "DIA moved about": "14%"
  },
  {
   "window": "Since launch",
   "Fund": "+4555.1%",
   "DIA": "+634.8%",
   "+3x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "DIA moved about": "16%"
  }
 ],
 "questions": [
  {
   "q": "Did UDOW return +3 times DIA?",
   "a": "Over the window to Sep 11, 2026, DIA moved +2.9% and UDOW returned +5.6%. 3 times that move is +8.6%, so the fund came out 3.0 points short of it."
  },
  {
   "q": "Why does UDOW not return +3 times over a year?",
   "a": "Because it resets daily. UDOW aims at +3 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +3 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}