DDM vs EZJ

DDMBProShares Ultra Dow30

EZJDProShares Ultra MSCI Japan

In short

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.

EZJ The only US ETF built to track twice the MSCI Japan Index's daily move, listed since 2009. A daily-reset trade on Japan's large and mid caps, engineered for day-length holding periods.

Stated mandate

DDM The fund seeks daily investment results, before fees and expenses, corresponding to twice the daily performance of the Dow Jones Industrial Average.

EZJ The fund seeks magnified positive daily exposure to the MSCI Japan Index, targeting twice the index's daily return before fees and expenses.

Why people hold it

• 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.

• EZJ ProShares states EZJ is the only ETF targeting 2x the daily return of the MSCI Japan Index, so there's no cheaper clone sitting next to it on the shelf.proshares.com
• The index underneath is Japan's blue-chip core: MSCI's large and mid cap benchmark, covering roughly 85% of the market's free float. Not a narrow sector slice.msci.com
• Listed in 2009, a long tenure for a leveraged fund, and run by a shop whose whole business is leveraged and inverse products.proshares.com
• Gets its 2x through swaps and futures, so the magnified exposure arrives without you running a margin account.proshares.comproshares.com 2

Worth knowing

• 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.

• EZJ 1.18% net of a waiver through September 30, 2027 (2.46% gross), above the category median and above peers like QLD at 0.89%, itself net of a waiver through that date.
• The 2x target resets daily. Over longer stretches, returns compound off each day's new base and can land well above or below 2x the index, especially after choppy markets.proshares.com
• A small fund that trades thinly, so spreads can run wider than on headline leveraged ETFs. Yen moves against the dollar also ride along inside the index's dollar return.proshares.com

Full DDM profile⁠

Full EZJ profile⁠