UDOW
UDOW is an exchange-traded fund (ETF) managed by ProShares. It aims to provide three times (3x) the daily performance of the Dow Jones Industrial Average (DJIA). This means if the DJIA rises by 1% in a day, UDOW aims to increase by 3%, and vice versa.
Asset Summary
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Asset Performance Metrics and Risk Characteristics:
Metrics below use daily returns for Jan 1, 2026 – Aug 17, 2026 (YTD).
Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.
1 Month Trailing Return
8.14%
Represents the percentage change in asset value over the past month.
3 Month Trailing Return
22.78%
Indicates the percentage change in asset value over the last three months.
Period Max Drawdown
28.27%
The highest percentage drop from the peak value to the lowest point during the observed period.
Standard Deviation
40.56%
Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.
Sharpe Ratio
1.16
Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.
Calmar Ratio
1.66
The ratio of the annualized return to the maximum drawdown, reflecting the return per unit of risk.
Asset Technical Analysis
Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. Using indicators such as moving averages, pivot levels, momentum studies, and candlestick pattern scans can clarify trend strength and volatility. The tabs below summarize moving averages, pivots, technical indicators, candlestick patterns, and recent prices for this symbol.
Analysis
Moving Averages
Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:
| Type/Period | |
|---|---|
| SMA | |
| EMA | |
| WMA | |
| WEMA |
- SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
- EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
- WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
- WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.
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Experience Excellence NowFrequently Asked Questions
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UDOW adjusts its holdings and derivatives positions daily to maintain its objective of delivering three times the daily performance of the DJIA. Changes in the index’s composition are reflected in the fund’s adjustments.
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UDOW is actively managed to achieve its objective of delivering three times the daily performance of the DJIA. The fund uses financial derivatives, such as futures contracts and swaps, to achieve its leverage. It rebalances daily to maintain its target leverage.
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UDOW targets three times the daily performance of the DJIA. Other leveraged ETFs might focus on different indices, such as the S&P 500 or Nasdaq-100, or might use different levels of leverage. Each leveraged ETF has unique characteristics based on its target index and leverage strategy.
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Factors affecting UDOW’s performance include changes in the DJIA, market conditions, and the effectiveness of the fund’s derivatives strategy. The effects of daily rebalancing and compounding can lead to performance deviations over periods longer than one day.
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UDOW seeks to provide three times the daily performance of the DJIA. Over longer periods, its performance may diverge from three times the DJIA due to daily rebalancing and compounding effects.
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Historical performance data for UDOW can be reviewed on financial platforms and includes information about past returns and NAV. Performance should be evaluated considering the fund’s daily leverage objective and the effects of compounding over time.
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Yes, UDOW can be held in retirement accounts such as IRAs or 401(k)s. However, due to its high-risk and speculative nature, it is important to assess whether it fits with the investor’s long-term retirement strategy.
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Investors can purchase shares of UDOW through a brokerage account. It is traded on major stock exchanges under the ticker symbol "UDOW" and can be bought and sold like other stocks and ETFs.
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Similar ETFs to UDOW include DDM (ProShares Double Dow), which aims to provide twice (2x) the daily performance of the DJIA, and other leveraged ETFs such as TQQQ (ProShares UltraPro QQQ), which targets three times (3x) the daily performance of the Nasdaq-100 Index.
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UDOW typically distributes dividends on a quarterly basis. These dividends come from the income generated by the underlying securities and derivatives held by the ETF.
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