CHAU vs DDM

CHAUDDirexion Daily CSI 300 China A Share Bull 2X Shares

DDMBProShares Ultra Dow30

In short

CHAU Most leveraged funds point at US indexes. CHAU aims a 2x daily dial at the CSI 300, the blue-chip gauge of mainland China's A-share market, and has since 2015. Built for one trading day at a time.

DDM The 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

CHAU The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of the CSI 300 Index. Its objective applies to a single day rather than to longer cumulative periods.

DDM 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

• CHAU Geared exposure to the CSI 300, the blue-chip benchmark of mainland China's Shanghai and Shenzhen A-shares, in a US-listed wrapper you trade like any stock.direxion.com
• The stated aim is 200% of the index's daily move, half the gearing of the 3x names that dominate the leveraged shelf (FAS, UDOW).
• Live since 2015, a decade-plus run for a single-country leveraged product.

• DDM The only ETF that targets 2x the daily return of the Dow Jones Industrial Average. Leveraged blue-chip exposure through one ticker, no margin account needed.proshares.com
• Trading since 2006, and its day-to-day results have stayed close to the 2x daily target across nearly two decades of market cycles.proshares.com
• Easy to get in and out of for a fund its size, and one of the strongest implementations in its peer group of leveraged bull funds.
• The 0.95% fee sits near the typical charge for leveraged funds, and it is the standing rate, not a number propped up by a temporary waiver.

Worth knowing

• CHAU The 2x target applies to a single day, not to a month or a year. Hold longer and compounding plus volatility steer results away from twice the index's move.
• The 1.19% expense ratio runs above the typical fund in the leveraged group, and the gap weighs more the longer a position sits.
• One country, one index, doubled: concentration and leverage stack. It trades moderately rather than heavily, so execution costs deserve attention.

• DDM The 2x target resets daily. Hold for weeks and compounding takes over, so results can land well away from twice the Dow's move, especially in choppy markets.proshares.com
• The Dow is price-weighted across 30 blue chips, so a high-priced stock swings it more than a far larger company does.spglobal.com
• Sibling leveraged funds cost a little less: QLD charges 0.89% net of a waiver through September 30, 2027, against a 0.96% gross rate.

Full CHAU profile⁠

Full DDM profile⁠