ProShares - Ultra Dow30
$62.86−0.96 (−1.50%)
- Expense ratio
- 0.96%
- Fund size
- $510M
- 1Y return
- +19.8%
- Yield · Last 12 months
- 0.96%
- Holdings
- 41
- Volume · 30D
- 0.2M sh
- NAV per share
- $63.35
- 52W range
The ETF.net DDM Grade
Score 74 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 65Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 90Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.AScore 75Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 91Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 50Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 78Category rank
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
- 41
- 63%
- IQMM
Sectors
- Financials45.9%
- Technology13.9%
- Industrials11.8%
- Health Care10.0%
- Consumer Discr.7.1%
- Communication3.9%
- Cons. Staples2.9%
- Materials2.7%
- Energy1.8%
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.
Returns run to the Sep 22, 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 | +12.9% |
| 1 month | −5.4% |
| 3 months | −0.4% |
| 1 year | +19.8% |
| 3 years | +26.3% |
| 5 years | +13.3% |
| 10 years | +19.0% |
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 | +12.9% | |
| 2025 | +20.6% | |
| 2024 | +21.6% | |
| 2023 | +24.3% | |
| 2022 | −19.5% | |
| 2021 | +42.0% | |
| 2020 | +2.1% |
DDM in the news
ETF.net Research hasn’t filed on DDM yet — coverage lands here as it’s written.
DDM Dividends
- 0.96%
- $0.61
- $0.17 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 24, 2026 | Jun 30, 2026 | $0.17 |
| Mar 25, 2026 | Mar 31, 2026 | $0.16 |
| Dec 24, 2025 | Dec 31, 2025 | $0.14 |
| Sep 24, 2025 | Sep 30, 2025 | $0.15 |
| Jun 25, 2025 | Jul 1, 2025 | $0.13 |
| Mar 26, 2025 | Apr 1, 2025 | $0.13 |
| Dec 23, 2024 | Dec 31, 2024 | $0.09 |
| Sep 25, 2024 | Oct 2, 2024 | $0.14 |
| Jun 26, 2024 | Jul 3, 2024 | $0.13 |
| Mar 20, 2024 | Mar 27, 2024 | $0.12 |
| Dec 20, 2023 | Dec 28, 2023 | $0.11 |
| Dec 22, 2022 | Dec 30, 2022 | $0.12 |
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.
- 0.90
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.
DDM Cost
- The middle half of Leveraged Long (2x & Other) funds
- Median 0.99%
39 of the 93 Leveraged Long (2x & Other) funds charge less.