DDM vs LTL

DDMBProShares Ultra Dow30

LTLCProShares Ultra Communication Services

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.

LTL The only ETF targeting 2x the daily move of the Communication Services sector, and older than the sector itself: it launched in 2008 as a telecom fund, a decade before GICS redrew the lines to pull in media and internet names.

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.

LTL The fund targets twice the daily performance of the Communication Services sector.

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.

• LTL ProShares calls it the only ETF targeting 2x the daily return of the communication services sector, so this slice of geared sector exposure has no direct in-category rival.proshares.com
• 0.95% net of a waiver through September 30, 2027 (1.83% gross), near the median of 97 funds in its category and in line with ProShares siblings DDM at 0.95% and ROM at 0.93%.
• Trading since March 2008, it rode out the 2018 sector overhaul and sits in the stronger end of the leveraged bull funds we grade.sec.gov

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.

• LTL The 2x target applies to one day. ProShares says compounding can make longer-period returns differ in amount and even direction, and to monitor holdings as often as daily.sec.gov
• One of the smaller, less-traded funds in its category, which can mean wider bid-ask spreads than the headline leveraged names.
• Around two dozen stocks, all drawn from the S&P 500's communication services roster, so this is concentrated sector exposure by construction.sec.gov

Full DDM profile⁠

Full LTL profile⁠