CPXR vs DDM

CPXRDUSCF Daily Target 2X Copper Index ETF

DDMBProShares Ultra Dow30

In short

CPXR Most leveraged ETFs double down on stock indexes. CPXR points the same machinery at copper, aiming for twice the daily move of a copper futures index, at 1.22% with no fee waiver in place.

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

CPXR The fund is presented as a daily leveraged vehicle seeking twice the daily movement of a copper index.

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

• CPXR The leveraged shelf is wall-to-wall stock indexes, then there's copper: CPXR aims for twice the daily move of the SummerHaven Copper Index.sec.gov
• Its index measures a portfolio of copper futures traded on COMEX, so the metal's price action arrives in a brokerage ticker instead of a futures account.alpsinc.com
• One sticker price, no asterisk: gross and net expenses are both 1.22%, with no waiver propping the figure up and no scheduled step-up when one lapses.

• 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

• CPXR That 1.22% sits above the typical leveraged-bull fee. ProShares' QLD charges 0.89% net of a waiver through September 30, 2027, and UYG charges 0.93%.
• The 2x target resets every day. Hold past that and compounding takes over, so multi-day results can land far from twice the index's move, especially in choppy copper tape.
• Small and lightly traded since its 2025 launch, so spreads can run wider than the big leveraged stock-index names.

• 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 CPXR profile⁠

Full DDM profile⁠