DDM vs GLDW

DDMBProShares Ultra Dow30

GLDWCRoundhill Gold WeeklyPay ETF

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.

GLDW Gold, geared, on a payday schedule. GLDW targets 1.2 times the SPDR Gold Trust's weekly total return before fees and distributes weekly, a milder, week-by-week take on leverage in a cohort built around 3x daily resets.

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.

GLDW GLDW seeks weekly distributions and calendar-week returns equal to 1.2 times the weekly total return of the SPDR Gold Trust, 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.

• GLDW Gentle leverage by category standards: 1.2x, measured over a calendar week instead of a single day, so the compounding drag from daily resets doesn't apply the same way.roundhillinvestments.com
• Weekly payouts on a gold-linked fund, rare packaging in a corner of the market where most products pay nothing at all.roundhillinvestments.com
• 0.99% expense ratio, a touch below the typical leveraged bull fund and level with long-running names like QLD (0.98%) and DDM (0.96%).
• Bullion exposure comes through a 1940 Act fund tracking the largest US gold trust, not a futures roll or a physical vault account you manage yourself.

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.

• GLDW Payouts can include return of capital, meaning part of a distribution may be your own principal coming back rather than investment income.
• Leverage runs both directions: down weeks in gold hit 1.2x too, and results over stretches longer than one week can drift from that multiple.
• A small, lightly traded fund launched in 2025, so there's little history to judge and bid-ask spreads can be wider than in the category's veterans.

Full DDM profile⁠

Full GLDW profile⁠