DDM vs MVV

DDMBProShares Ultra Dow30

MVVBProShares Ultra MidCap400

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.

MVV Geared ETFs mostly chase the Nasdaq or mega-cap tech. MVV points the same machinery at the forgotten middle of the market: 2x the daily move of the S&P MidCap 400, running since 2006.

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.

MVV MVV seeks daily investment results, before fees and expenses, corresponding to twice the daily performance of the S&P MidCap 400 Index. The objective applies to each day, not to holding periods longer than one day.

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.

• MVV ProShares bills it as the only ETF targeting 2x the daily return of the S&P MidCap 400, so the leverage sits on mid-size US companies instead of mega-cap tech.proshares.com
• 0.95% net of a waiver through September 30, 2027 (1.01% gross), near the median of the 97 leveraged bull funds priced, and level with stablemate Ultra Dow30 (DDM, 0.95%).
• The reference index spreads across roughly 400 mid-cap names, so one day's move isn't riding on a single sector the way geared tech or chip funds do (ROM, USD).
• Live since 2006, one of the longer-running geared equity funds on the tape, and one of the stronger implementations in its leveraged-bull peer group.

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.

• MVV The 2x target applies to each day, not to your holding period. Over longer stretches, daily resets and volatility can push results away from twice the index move, either direction.
• Trades lighter than the headline large-cap geared funds, so bid-ask spreads can be a meaningful slice of the round trip.
• Income is incidental. Distributions land quarterly, but the mandate is the daily index move, not a payout.

Full DDM profile⁠

Full MVV profile⁠