ProShares UltraShort Dow30 (DXD) Performance
DXD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −13.5% since Dec 31, 2025
- 1 year
- −17.7% total return
- 5 years
- −14.0% a year
- 10 years
- −24.4% a year
- Since first price
- −23.0% a year since 2006
DXD trailing returns vs SPY, QQQ, AGG
| Period | DXD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −2.1% | −2.1% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.9% | −1.8% | +3.2% | +1.9% | −0.4% |
| 6 months | −9.2% | −10.8% | +7.8% | +8.4% | −1.5% |
| YTD | −13.5% | −15.4% | +12.3% | +15.1% | −1.0% |
| 1 year | −17.7% | −20.3% | +14.4% | +15.9% | −1.1% |
| 3 years | −55.8%−23.8%/yr | −61.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −52.9%−14.0%/yr | −59.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | −93.9%−24.4%/yr | −94.9% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | −98.5%−24.4%/yr | −98.7% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | −99.4%−22.5%/yr | −99.6% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionJul 13, 2006 | −99.5%−23.0%/yr | −99.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: DXD vs SPY
From Jul 13, 2006: DXD grew to $51, SPY to $88,731.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
DXD returns by calendar year
3 of 19 full years positive. Best 2008 (+46.0%), worst 2009 (−45.0%). 2026 is year to date.
DXD annual returns table
| Year | DXD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −13.5% | −30.5% | +12.3% | +15.1% | −1.0% |
| 2025 | −21.1% | −40.0% | +17.7% | +20.8% | +7.2% |
| 2024 | −16.1% | −27.4% | +24.9% | +25.6% | +1.3% |
| 2023 | −18.8% | −25.5% | +26.2% | +54.9% | +5.7% |
| 2022 | +7.1% | −32.3% | −18.2% | −32.6% | −13.0% |
| 2021 | −35.2% | −37.7% | +28.7% | +27.4% | −1.8% |
| 2020 | −44.6% | −70.9% | +18.3% | +48.6% | +7.5% |
| 2019 | −35.3% | −39.3% | +31.2% | +39.0% | +8.5% |
| 2018 | +3.1% | −24.6% | −4.6% | −0.1% | +0.1% |
| 2017 | −38.6% | −39.2% | +21.7% | +32.7% | +3.6% |
| 2016 | −29.7% | −43.0% | +12.0% | +7.1% | +2.4% |
| 2015 | −7.4% | −26.3% | +1.2% | +9.4% | +0.5% |
| 2014 | −20.6% | −32.8% | +13.5% | +19.2% | +6.0% |
| 2013 | −42.6% | −40.6% | +32.3% | +36.6% | −2.0% |
| 2012 | −22.0% | −23.9% | +16.0% | +18.1% | +3.8% |
| 2011 | −26.0% | −31.7% | +1.9% | +3.4% | +7.7% |
| 2010 | −29.8% | −35.6% | +15.1% | +19.9% | +6.4% |
| 2009 | −45.0% | −67.6% | +26.4% | +54.7% | +3.0% |
| 2008 | +46.0% | −32.8% | −36.8% | −41.7% | +7.9% |
| 2007 | −8.7% | −26.0% | +5.1% | +19.0% | +6.6% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
DXD largest drawdowns
Now 99.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 9, 2009 | −99.7% | Aug 5, 2026 | not yet | 17.4 years | 17.6 years so far |
| Jul 17, 2006 | −38.2% | Oct 9, 2007 | Oct 3, 2008 | 1.2 years | 2.2 years |
| Nov 20, 2008 | −34.9% | Jan 6, 2009 | Mar 2, 2009 | 47 days | 3 months |
| Oct 27, 2008 | −31.6% | Nov 4, 2008 | Nov 20, 2008 | 8 days | 24 days |
| Oct 10, 2008 | −19.1% | Oct 13, 2008 | Oct 27, 2008 | 3 days | 17 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
DXD risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2006 |
|---|---|---|---|---|
| Annualized return | −21.7% | −15.1% | −24.0% | −22.7% |
| Volatility (annualized) | 23.4% | 28.8% | 28.3% | 27.3% |
| Sharpe ratio | -1.11 | -0.54 | -0.90 | -0.85 |
| Sortino ratio | -1.30 | -0.70 | -1.09 | -1.05 |
| Best month | +12.2% | +19.4% | +21.2% | +23.7% |
| Worst month | −15.3% | −23.9% | −23.9% | −23.9% |
| Best 12 months | −4.8% | +22.8% | +22.8% | +82.9% |
| Worst 12 months | −32.8% | −32.8% | −63.8% | −63.8% |
| Positive months | 28% | 37% | 32% | 32% |
| Beta vs S&P 500 | -1.63 | -1.66 | -1.67 | — |
| Correlation with S&P 500 | -0.87 | -0.90 | -0.90 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
DXD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 232 | −63.8% | −23.7% | +82.9% | 12% |
| 3-year (a year) | 208 | −44.2% | −25.4% | −4.8% | 0% |
| 5-year (a year) | 184 | −38.2% | −24.8% | −13.6% | 0% |
| 10-year (a year) | 124 | −31.3% | −25.0% | −20.5% | 0% |
Every holding period starting at a month-end since 2006. Returns for 3 years and longer are annualized.
DXD performance overview
ProShares UltraShort Dow30 (DXD) returned −17.7% over the past year and −24.4% a year over ten years, with distributions reinvested. Since its first recorded price in 2006 it has returned −23.0% a year, turning $10,000 into about $51. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −99.7%, from Mar 9, 2009 to Aug 5, 2026; the fund has not yet regained that high. DXD finished 3 of its 19 full calendar years with a gain; the best year was 2008 (+46.0%) and the worst 2009 (−45.0%). Volatility has been 27.3% a year.
Related: DXD chart, DXD dividends. See the DXD overview for the latest quote and fund facts.
DXD performance FAQ
What is the DXD return over the past year?
DXD returned −17.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 20.3%.
What is the average annual return of DXD?
DXD has returned −14.0% a year over 5 years, −24.4% a year over 10 years, −23.0% a year since July 13, 2006 (total return, distributions reinvested).
How much would $10,000 invested in DXD be worth?
$10,000 invested in DXD at its first recorded close on July 13, 2006 would be worth about $51 on October 23, 2026 with distributions reinvested.
What was the worst year for DXD?
The worst calendar year was 2009, with a total return of −45.0%. The best was 2008 at +46.0%.
What is the biggest drawdown of DXD?
The largest peak-to-trough decline was −99.7% between March 9, 2009 and August 5, 2026. It has not yet recovered to that high; it is 99.7% below its peak.
How volatile is DXD?
Over the past 3 years DXD had an annualized volatility of 23.4% and a Sharpe ratio of -1.11 (excess return over 1–3 month T-bills per unit of risk).