# DXD (ProShares UltraShort Dow30)

ProShares · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: DXD returned +6.3% where its own daily promise gave +3.7%, 2.6 points over.

## Key facts

- DXD, what DIA did: −2.3%, as of Sep 30, 2026.
- DXD, what −2 times a day gives: +3.7%, as of Sep 30, 2026.
- DXD, what the fund returned: +6.3%, as of Sep 30, 2026.
- DXD, the fund itself added: +2.6 pts, as of Sep 30, 2026.
- DXD, net assets: $46m (issuer page, as of Sep 30, 2026).
- DXD, expense ratio: 0.95% (485BPOS XBRL, Sep 25, 2026).

## DXD over each window to Sep 30, 2026

| Window | Fund | DIA | -2x the move | Difference | DIA moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +9.2% | −4.1% | +8.2% | +1.0 pts | 11% |
| 3 months | +6.3% | −2.3% | +4.6% | +1.7 pts | 12% |
| 6 months | −15.3% | +10.0% | −20.1% | +4.7 pts | 12% |
| 1 year | −14.8% | +11.3% | −22.6% | +7.7 pts | 13% |
| 3 years | −52.0% | +59.3% | −118.6% | +66.6 pts | 14% |
| Since launch | −99.0% | +584.8% | not meaningful over this window | not meaningful over this window | 16% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -2 times the daily move of DIA, reset daily | ETFIQ |
| Multiple a holder actually got over the window | DIA moved −2.3% over this window, too little to read a multiple from | ETFIQ |
| Underlying | DIA | ETFIQ |
| Segment | broad index, US large cap | ETFIQ |
| Net assets | $46m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 0.95% | 485BPOS XBRL, Sep 25, 2026 |
| Launched | Jan 4, 2010 | ETFIQ |
| Underlying volatility over the window | 12% annualized | ETFIQ |

## Questions

### Did DXD return -2 times DIA?

Over the window to Sep 30, 2026, DIA moved −2.3% and DXD returned +6.3%. −2 times that move is +4.6%, so the fund came out 1.7 points ahead of it.

### Why does DXD not return -2 times over a year?

Because it resets daily. DXD aims at -2 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 -2 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.


## Cite this page

ETFIQ, DXD, data as of Sep 30, 2026. https://etfiq.com/funds/dxd
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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