ProShares - Ultra Dow30
AThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$62.98−0.42 (−0.66%)
- 0.96%
- $517M
- +24.4%
- 0.97%
- 0.2M sh
- $63.39
- low $49.26high $71.25
The ETF.net DDM Grade
A
Score 74 out of 100
- 1 of 99
Score 74 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B65 out of 100Rank 30 of 99Mission
Whether the fund did what it promised, tested against its stated mandate.A91 out of 100Rank 4 of 10Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A77 out of 100Rank 9 of 96Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A93 out of 100Rank 2 of 99Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C47 out of 100Rank 15 of 23Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A79 out of 100Rank 8 of 99
Our read on DDM
AThe Dow, doubled. DDM has run the same trade since 2006: twice the index's daily move, reset every night. ProShares offers two rungs of Dow leverage, and this is the milder one.
The fund seeks daily investment results, before fees and expenses, corresponding to twice the daily performance of the Dow Jones Industrial Average.
Why people hold it
- Costs 0.96% a year, below the typical leveraged fund's fee and within a hair of ProShares' more aggressive Dow fund, UDOW, at 0.95%. Leverage choice, not cost, is the deciding factor.
- The mandate is plain: twice the Dow's daily performance before fees. It has tracked that stated daily objective closely.proshares.com
- Trading since 2006, which puts it among the original wave of US leveraged ETFs and gives it a record spanning several full market cycles.
- Sits among the stronger implementations in a crowded field of leveraged bull funds, and pays a quarterly distribution.
Worth knowing
- Leverage resets daily. Hold longer than a day and your return can drift well away from 2x the Dow's move over that stretch, especially through choppy markets.
- Doubling works both directions: down days land twice as hard, and the fund's own documents frame it as a daily-objective tool.proshares.com
- The Dow is a narrow benchmark of a few dozen large US companies, so the ride hinges on a short list of names rather than the whole market.
DDM Holdings
- Stocks
- 34
- 66%
- IQMM
Sectors
- Financials26.3%
- Technology19.1%
- Industrials16.0%
- Health Care14.0%
- Consumer Discretionary9.3%
- Communication5.2%
- Consumer Staples3.9%
- Materials3.8%
- Energy2.4%
Geography
- United States100.00%
DDM Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
DDM$12,442
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | DDM |
|---|---|
| Year to date | +12.4% |
| 1 month | −3.1% |
| 3 months | −4.1% |
| 1 year | +24.4% |
| 3 years | +27.1% |
| 5 years | +13.0% |
| 10 years | +19.3% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | DDM |
|---|---|---|
| 2026 YTD | +12.4% | |
| 2025 | +20.6% | |
| 2024 | +21.6% | |
| 2023 | +24.3% | |
| 2022 | −19.5% | |
| 2021 | +42.0% | |
| 2020 | +2.1% |
DDM in the news
DDM Dividends
- 0.97%
- $0.62
- $0.15 per share
- Quarterly
Distribution history
DDM Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 24.8%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.87
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −40.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.74
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
DDM Cost
0.96%
DDM0.96%
- The middle half of Leveraged Long (2x & Other) funds
- Median 1.00%
39 of the 95 Leveraged Long (2x & Other) funds charge less.
Other funds in Leveraged Long (2x & Other)
- AUYGProShares - Ultra FinancialsExpense ratio 0.94%1 year return +6.4%
- AQLDProShares - Ultra QQQExpense ratio 0.98%1 year return +47.5%
- BROMProShares - Ultra TechnologyExpense ratio 0.95%1 year return +77.8%
- BMQQQTradr 2X Long Innovation 100 Monthly ETFExpense ratio 0.95%1 year return +44.2%
- BUSDProShares Ultra SemiconductorsExpense ratio 0.95%1 year return +88.4%