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Leveraged ETF drift explained and reported for 22 ETFs. The ProShares UltraPro Short Dow30 ETF is a -3X leveraged bear ETF on the Dow Jones, mainly used by short-term traders. The average 12-month drift for SDOW is +1.27%, but this reflects an unusually strong bull market period; historical and synthetic data suggest negative drift in less favorable conditions.
ProShares UltraPro Short Dow30 (NYSEARCA:SDOW - Get Free Report) saw a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 872,133 shares, a drop of 22.5% from the February 26th total of 1,125,631 shares. Currently, 15.2% of the company's shares are short sold. Based on
ProShares UltraPro Short Dow30 (NYSEARCA:SDOW - Get Free Report) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 759,876 shares, an increase of 42.3% from the December 31st total of 533,813 shares. Based on an average daily trading volume, of
The ProShares UltraPro Short Dow30 ETF is a 3X leveraged bear ETF on the Dow Jones, suitable for short-term trading or portfolio hedging. SDOW and other leveraged ETFs experience "drift" or decay, primarily from beta-slippage, which worsens with volatility and higher leverage. SDOW's average 12-month drift since inception is slightly positive (+1.2%), but this excludes extended bear markets, where drift can turn negative.
SDOW is a -3x inverse leveraged ETF on the Dow, suitable only for short-term traders seeking to amplify daily market moves. Daily resets and compounding effects make SDOW extremely risky for long-term investors, with potential for significant value decay over time. In my opinion, market resilience and long-term upward bias mean SDOW will likely trend toward zero, making it unsuitable as a long-term investment.
Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
The U.S. equity index nosedived on Trump's sweeping series of tariffs, resulting in a spike for inverse or inverse-leveraged ETFs.
The Dow Jones Industrial Average is a key market indicator, and current trends suggest a potential end to the bull cycle. ProShares UltraPro Short Dow30 ETF offers a way to gain short exposure to DJI, but it's risky and not for long-term holding. SDOW uses inverse leverage to deliver outsized returns during market declines, but asset deterioration is common with leveraged ETFs.
Full call transcripts — prepared remarks + analyst Q&A — with speaker-by-speaker formatting and one-click switching across every quarter on file.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.