DDM vs NUGT

DDMBProShares Ultra Dow30

NUGTDDirexion Daily Gold Miners Index Bull 2X 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.

NUGT Gold miners with the volume turned up. NUGT aims for 200% of the daily move of the MarketVector Global Gold Miners Index, a veteran way to press a view on mining shares without margin or an options account.

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.

NUGT The fund seeks daily investment results, before fees and expenses, of 200% of the performance of the MarketVector Global Gold Miners Index.

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.

• NUGT One ticker, 2x daily exposure to a global gold-miners index. No margin account, no options chain, no borrow to arrange.direxion.com
• Trading since 2010, making it one of the longest-running leveraged miner funds around. It has traded through several full gold cycles.
• Actively traded and among the better-traded names in the leveraged cohort, which matters for a tool built to be entered and exited quickly.
• The index reaches globally, not just US-listed miners, so the basket follows where the gold digging actually happens.

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.

• NUGT Leverage resets daily. Hold longer than a day and results can drift well away from 2x the index's move over that stretch, especially in choppy markets.
• At 1.13% a year, the fee runs above the typical leveraged fund's, and it applies whichever way gold moves.
• Doubling a mining index puts this among the more volatile funds even inside a leveraged peer group. Position size does the heavy lifting here.

Full DDM profile⁠

Full NUGT profile⁠