SDOWProShares UltraPro Short Dow30
SDOW Fund Description
SDOW provides 3x inverse exposure to the price-weighted Dow Jones Industrial Average, which includes 30 of the largest US companies.
SDOW Factset Analytics Insight
SDOW is an aggressive, 1-day bet against the Dow Jones Industrial Average—perhaps the most famous index in the world. The DJIA overweights on industrials relative to our large-cap benchmark, and underweights technology. In particular, SDOW represents a bet against firms like Goldman Sachs, 3M, IBM, and Boeing rather than the large-cap market as a whole. The fund is designed to deliver 3x the inverse performance of the 30 firms in the DJIA, weighted by price. This geared inverse exposure is daily, and anyone holding for longer than a day will be exposed to impacts of compounding, which—especially in a 3x geared product—will prevent the fund from delivering its promised exposure over extended periods. Investors who don't have the expertise or knowledge needed to true-up their exposure every day should either avoid SDOW or hold it for its prescribed 1-day holding period. What's more, the fund's expense ratio is high enough to make it extremely expensive to hold over longer horizons. For those using it tactically, the fund does its job, trading millions of dollars most days, with tiny spreads.
SDOW MSCI ESG Analytics Insight
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of March 18, 2019 the ProShares UltraPro Short Dow30 MSCI ESG Fund Quality Score is 6.89 out of 10.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. SDOW ranks in the 96th percentile within its peer group and in the 91st percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
SDOW CHARTS AND PERFORMANCE
SDOW Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SDOW. SDOW is rated a 5 out of 5.