UDOWProShares UltraPro Dow30
UDOW Fund Description
UDOW provides 3x leveraged exposure to the price-weighted Dow Jones Industrial Average, which includes 30 of the largest US companies.
UDOW Factset Analytics Insight
UDOW is a heavily levered bet on the Dow Jones Industrial Average, achieving 3x exposure to the index via futures contracts and other financial derivatives with counterparty risk. Like many levered funds, it delivers 3x exposure only for 1 day. Over longer periods, returns can stray from the intended 3x exposure to the DJIA, which means it doesn't pay to hold onto UDOW for long, which makes the fund's high fee less of an issue for most investors. The Dow is an under-diversified index of 30 companies that weights its constituents by an arbitrary statistic—price per share. However, the Dow's shortfalls are less salient in a levered, short-term product where diversification and weighting are less important. Trading costs, on the other hand, are very important: Fortunately, the fund sees strong daily trading volume and tight average spreads. Still, don't jump in unless you fully understand the relative risks and rewards of levered vehicles.
UDOW MSCI ESG Analytics Insight
ProShares UltraPro Dow30 has an MSCI ESG Fund Rating of A based on a score of 6.46 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
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. ProShares UltraPro Dow30 ranks in the 73th percentile within its peer group and in the 70th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
UDOW Charts And Performance
UDOW Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of UDOW. UDOW is rated a 5 out of 5.