Filings Digest
Two Research Affiliates ETFs will charge more, and Anthropic funds are effective but not trading
ProShares Ultra Dow30
BThis 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.
$63.54+0.59 (+0.94%)
- 0.95%
- $507M
- +14.5%
- 0.97%
- 185K sh
- low $49.26high $71.25
The ETF.net DDM Grade
B
Score 69 out of 100
- 4 of 99
Score 69 of 100 falls in the B 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.C51 out of 100Rank 32 of 99Mission
Whether the fund did what it promised, tested against its stated mandate.A92 out of 100Rank 3 of 13Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A79 out of 100Rank 9 of 98Tradability
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.C53 out of 100Rank 13 of 27Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A79 out of 100Rank 7 of 99
Our read on DDM
In short
BThe Dow dates to 1896. DDM is the only ETF built to double its daily move: 2x the Dow Jones Industrial Average, reset every single day, for 0.95% a year, running since 2006.
Stated mandate
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
Worth knowing
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$11,449
Returns run to the Nov 2, 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 | +12.7% |
| 1 month | +2.8% |
| 3 months | −3.0% |
| 1 year | +14.5% |
| 3 years | +26.9% |
| 5 years | +11.0% |
| 10 years | +19.6% |
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 | +12.7% | |
| 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
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.
- 24.6%
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.
- 0.96
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.
- 1.73
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
DDM Cost
Overpaying vs WX, cheapest in Leveraged Long (2x & Other)
$13,714
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
DDM 0.95%
$17,869
WX 0.20% Cheapest
$4,155
Cost over time
Year by year
| Year | DDM | WX | Overpaying |
|---|---|---|---|
| 10 | $1,678 | $365 | $1,313 |
| 20 | $6,322 | $1,421 | $4,901 |
| 30 | $17,869 | $4,155 | $13,714 |
Other funds in Leveraged Long (2x & Other)
- AUYGProShares Ultra FinancialsExpense ratio 0.93%1 year return +15.4%
- AROMProShares Ultra TechnologyExpense ratio 0.93%1 year return +19.3%
- BUSDProShares Ultra SemiconductorsExpense ratio 0.94%1 year return +9.8%
- BURSPProShares Ultra S&P 500 Equal WeightExpense ratio 0.95%1 year return +31.2%
- BUJBProShares Ultra High YieldExpense ratio 0.95%1 year return −1.2%
