ProShares UltraPro Short Dow30 (SDOW) Performance
SDOW total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −21.8% since Dec 31, 2025
- 1 year
- −27.7% total return
- 5 years
- −23.7% a year
- 10 years
- −37.7% a year
- Since first price
- −37.6% a year since 2010
SDOW trailing returns vs SPY, QQQ, AGG
| Period | SDOW total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −3.3% | −3.3% | −1.0% | −5.0% | +0.9% |
| 3 months | −2.1% | −3.3% | +3.2% | +1.9% | −0.4% |
| 6 months | −14.8% | −16.5% | +7.8% | +8.4% | −1.5% |
| YTD | −21.8% | −23.8% | +12.3% | +15.1% | −1.0% |
| 1 year | −27.7% | −30.7% | +14.4% | +15.9% | −1.1% |
| 3 years | −74.2%−36.3%/yr | −78.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −74.1%−23.7%/yr | −78.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | −99.1%−37.7%/yr | −99.3% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | −99.9%−37.0%/yr | −99.9% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionFeb 11, 2010 | −99.96%−37.6%/yr | −99.97% | — | — | — |
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: SDOW vs SPY
From Feb 11, 2010: SDOW grew to $4, SPY to $94,410.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SDOW returns by calendar year
1 of 15 full years positive. Best 2022 (+4.0%), worst 2020 (−66.5%). 2026 is year to date.
SDOW annual returns table
| Year | SDOW | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −21.8% | −42.8% | +12.3% | +15.1% | −1.0% |
| 2025 | −33.9% | −55.2% | +17.7% | +20.8% | +7.2% |
| 2024 | −26.0% | −40.1% | +24.9% | +25.6% | +1.3% |
| 2023 | −28.8% | −36.8% | +26.2% | +54.9% | +5.7% |
| 2022 | +4.0% | −45.2% | −18.2% | −32.6% | −13.0% |
| 2021 | −49.0% | −52.0% | +28.7% | +27.4% | −1.8% |
| 2020 | −66.5% | −86.0% | +18.3% | +48.6% | +7.5% |
| 2019 | −49.5% | −53.9% | +31.2% | +39.0% | +8.5% |
| 2018 | −0.3% | −35.2% | −4.6% | −0.1% | +0.1% |
| 2017 | −52.3% | −52.9% | +21.7% | +32.7% | +3.6% |
| 2016 | −42.4% | −57.7% | +12.0% | +7.1% | +2.4% |
| 2015 | −13.8% | −37.4% | +1.2% | +9.4% | +0.5% |
| 2014 | −30.3% | −45.5% | +13.5% | +19.2% | +6.0% |
| 2013 | −56.9% | −54.5% | +32.3% | +36.6% | −2.0% |
| 2012 | −32.1% | −34.1% | +16.0% | +18.1% | +3.8% |
| 2011 | −40.1% | −45.5% | +1.9% | +3.4% | +7.7% |
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.
SDOW largest drawdowns
Now 99.96% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 2, 2010 | −99.97% | Aug 5, 2026 | not yet | 16.1 years | 16.3 years so far |
| Feb 12, 2010 | −29.1% | Apr 26, 2010 | Jul 2, 2010 | 2 months | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SDOW risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2010 |
|---|---|---|---|---|
| Annualized return | −33.6% | −25.1% | −37.2% | −37.3% |
| Volatility (annualized) | 34.7% | 42.7% | 41.7% | 38.7% |
| Sharpe ratio | -1.12 | -0.54 | -0.94 | -1.02 |
| Sortino ratio | -1.32 | -0.70 | -1.13 | -1.21 |
| Best month | +18.4% | +29.6% | +31.2% | +31.2% |
| Worst month | −22.2% | −34.1% | −34.1% | −34.1% |
| Best 12 months | −11.2% | +29.5% | +29.5% | +29.5% |
| Worst 12 months | −46.7% | −46.7% | −79.9% | −79.9% |
| Positive months | 28% | 37% | 31% | 31% |
| Beta vs S&P 500 | -2.41 | -2.47 | -2.39 | — |
| Correlation with S&P 500 | -0.86 | -0.90 | -0.88 | — |
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.
SDOW rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 189 | −79.9% | −36.5% | +29.5% | 3% |
| 3-year (a year) | 165 | −55.8% | −37.6% | −17.8% | 0% |
| 5-year (a year) | 141 | −49.3% | −37.4% | −23.1% | 0% |
| 10-year (a year) | 81 | −43.3% | −37.9% | −35.4% | 0% |
Every holding period starting at a month-end since 2010. Returns for 3 years and longer are annualized.
SDOW performance overview
ProShares UltraPro Short Dow30 (SDOW) returned −27.7% over the past year and −37.7% a year over ten years, with distributions reinvested. Since its first recorded price in 2010 it has returned −37.6% a year, turning $10,000 into about $4. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −99.97%, from Jul 2, 2010 to Aug 5, 2026; the fund has not yet regained that high. SDOW finished 1 of its 15 full calendar years with a gain; the best year was 2022 (+4.0%) and the worst 2020 (−66.5%). Volatility has been 38.7% a year.
Related: SDOW chart, SDOW dividends. See the SDOW overview for the latest quote and fund facts.
SDOW performance FAQ
What is the SDOW return over the past year?
SDOW returned −27.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 30.7%.
What is the average annual return of SDOW?
SDOW has returned −23.7% a year over 5 years, −37.7% a year over 10 years, −37.6% a year since February 11, 2010 (total return, distributions reinvested).
How much would $10,000 invested in SDOW be worth?
$10,000 invested in SDOW at its first recorded close on February 11, 2010 would be worth about $4 on October 23, 2026 with distributions reinvested.
What was the worst year for SDOW?
The worst calendar year was 2020, with a total return of −66.5%. The best was 2022 at +4.0%.
What is the biggest drawdown of SDOW?
The largest peak-to-trough decline was −99.97% between July 2, 2010 and August 5, 2026. It has not yet recovered to that high; it is 99.96% below its peak.
How volatile is SDOW?
Over the past 3 years SDOW had an annualized volatility of 34.7% and a Sharpe ratio of -1.12 (excess return over 1–3 month T-bills per unit of risk).