Skip to content
etf.net

DDM vs QQUP

ProShares Ultra Dow30

DDMBNYSE Arca

ProShares Ultra QQQ Mega

QQUPCNasdaq

Overlap

19.0%by weight

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

DDM0.95%QQUP0.95%

Avg volume · 30D

DDM 63.8×the volume

DDM185KQQUP2.9K

DDM vs QQUP Performance

Oct 31, 2025 – Oct 30, 2026

+13.4%DDM−7.0%QQUP

Oct 31, 2025 to Oct 30, 2026. DDM +13.4%. QQUP −7.0%. Use the arrow keys to read each point.−30%−20%0%30%Oct 2025Apr 2026Oct 2026
Expense ratio
DDM 0.95%
QQUP 0.95%
Fund size
DDM $507M
QQUP $23M
1Y total return
DDM +13.4%, better
QQUP −7.0%
Yield (12M)
DDM 0.98%, better
QQUP 0.66%
Holdings
DDM 34
QQUP 9
Avg volume (30D)
DDM 185K sh, better
QQUP 2.9K sh
NAV per share
DDM $62.99
QQUP $58.28
52W range

ETF.net Grade

DDM: Cost 51, Risk 79, Mission 92, Tradability 93, Holdings 53, Durability 79. QQUP: Cost 51, Risk 47, Mission not scored, Tradability 58, Holdings not scored, Durability 59.
Pillar letters and Scores for DDM, QQUP, with each pillar’s weight
PillarDDMQQUP
Cost30% weightC51C51
Mission25% weightA92Not scored
Risk15% weightA79HigherC47
Tradability15% weightA93HigherB58
Holdings10% weightC53Not scored
Durability5% weightA79HigherB59

Rank among Leveraged Long (2x & Other) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. DDM and QQUP are both graded against the same 95 Leveraged Long (2x & Other) funds, so their Grades compare head to head.

Leveraged Long (2x & Other)⁠

Category · 95 funds
See all 95 ›

DDM ranks 4th and QQUP 25th of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 1AQLDProShares Ultra QQQScore 77
  2. Rank 2AUYGProShares Ultra FinancialsScore 74
  3. Rank 3AROMProShares Ultra TechnologyScore 71
  4. Rank 4BDDMProShares Ultra Dow30Score 69
  5. Rank 5BUSDProShares Ultra SemiconductorsScore 68
  6. Rank 24CQQXLProShares Ultra QQQ Top 30Score 53
  7. Rank 25CQQUPProShares Ultra QQQ MegaScore 52
  8. Rank 25CUGLProShares Ultra GoldScore 52

Our read on each fund

ETF.net Research

DDMBProShares Ultra Dow30

QQUPCProShares Ultra QQQ Mega

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.

QQUP Most 2x Nasdaq funds own all 100 names. QQUP targets twice the daily move of only the mega-cap top slice, with membership set by index rules rather than a frozen Mag 7 list.

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.

QQUP The fund targets two times the daily returns of the Nasdaq-100 Mega 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.
  • QQUP ProShares calls it the first and only ETF targeting 2x the daily move of the Nasdaq-100 Mega Index, a basket covering roughly the top 45% of the Nasdaq-100.proshares.com
  • Membership is rules-based: annual December reconstitution plus rank checks in March, June and September, so the mega-cap leaderboard rotates as it changes.nasdaq.com
  • Fee is 0.95% net of a waiver through September 30, 2027 (1.22% gross), near the median for leveraged bull funds.

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.
  • QQUP The 2x target applies to a single day. Over longer holds, daily compounding can push returns meaningfully above or below 2x the index, as the prospectus spells out.proshares.com
  • A narrow mega-cap basket, doubled. One name's bad week lands harder here than in a 2x fund spread across all 100 Nasdaq-100 members.proshares.comnasdaq.com
  • Launched in 2025, it stays small and lightly traded next to veterans like QLD, which runs 0.89% net of a waiver through September 30, 2027.

Full DDM profile⁠

Full QQUP profile⁠

DDM vs QQUP Holdings

How DDM and QQUP differ

Overlap by weight

19.0%

Shared holdings make up 88.0% of QQUP and 19.0% of DDM.

Level by level

  • Holdings5 in both19.0%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

No Sector split for QQUP.

Country, concentration and asset class

Country by domicile

Country weights in DDM and QQUP, widest gap first
CountryMore in DDMMore in QQUP
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • DDM65.2%
  • QQUP100.0%

Securities held

  • DDM33
  • QQUP8

Asset class

DDM
Equity
QQUP
Equity

Holdings

  • Only in DDM28
  • In both5
  • Only in QQUP3

Only in DDM

28 securities, 81.0% of DDM by weight

  • Proshares Genius Mny Mkt Etf28.63%
  • Goldman Sachs Group Inc6.33%
  • Caterpillar Inc4.41%

Only in QQUP

3 securities, 12.0% of QQUP by weight

  • Tesla Inc4.85%
  • Broadcom Inc3.58%
  • Alphabet Inc-Cl C3.55%

Weight gaps

All 5 Holdings in both funds, largest gap first.

Holding weights in DDM and QQUP, widest gap first
HoldingMore in DDMMore in QQUP
NVIDIA CorpNVDAQQUP +9.94 points
Apple IncAAPLQQUP +9.17 points
Microsoft CorpMSFTQQUP +5.25 points
Amazon.com IncAMZNQQUP +4.29 points
Alphabet Inc-Cl AGOOGLQQUP +1.81 points

All 41 DDM holdings⁠All QQUP holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DDM vs QQUP Cost

Same expense ratio

$17,869

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DDM 0.95%

    $17,869

  • QQUP 0.95%

    $17,869

$10,000
30 years

Cost over time

  • DDM 0.95%
  • QQUP 0.95%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530DDM $17,869QQUP $17,869

Year by year

YearDDMQQUP
10$1,678$1,678
20$6,322$6,322
30$17,869$17,869

Expense ratio

  • 0.95%DDM
  • 0.95%QQUP
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

DDM 32nd cheapest of 95 funds

QQUP 32nd cheapest of 95 funds

DDM vs QQUP Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DDM 0.98%, better
QQUP 0.66%
Payout (12M)
DDM $0.62
QQUP $0.39
Last payment
DDM $0.15
QQUP $0.08
Ex-dividend
DDM Sep 23, 2026
QQUP Sep 23, 2026
Paid on
DDM Sep 29, 2026
QQUP Sep 29, 2026
Frequency
DDM Quarterly
QQUP Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DDMQuarterly · 33 paymentsAll DDM payments⁠
One bar per payment. 33 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.04; Jun 21, 2017 $0.03; Sep 27, 2017 $0.04; Dec 26, 2017 $0.04; Mar 21, 2018 $0.03; Jun 20, 2018 $0.03; Sep 26, 2018 $0.06; Dec 26, 2018 $0.04; Mar 20, 2019 $0.04; Jun 25, 2019 $0.05; Dec 24, 2019 $0.07; Mar 25, 2020 $0.06; Jun 24, 2020 $0.0055; Dec 23, 2020 $0.02; Mar 23, 2021 $0.01; Sep 22, 2021 $0.0052; Dec 23, 2021 $0.05; Mar 23, 2022 $0.07; Jun 22, 2022 $0.04; Sep 21, 2022 $0.04; Dec 22, 2022 $0.12; Dec 20, 2023 $0.11; Mar 20, 2024 $0.12; Jun 26, 2024 $0.13; Sep 25, 2024 $0.14; Dec 23, 2024 $0.09; Mar 26, 2025 $0.13; Jun 25, 2025 $0.13; Sep 24, 2025 $0.15; Dec 24, 2025 $0.14; Mar 25, 2026 $0.16; Jun 24, 2026 $0.17; Sep 23, 2026 $0.15. Use the arrow keys to read each point.$0$0.202017202020232026YTD
QQUPQuarterly · 5 paymentsAll QQUP payments⁠
One bar per payment. 5 payments from 2017 to 2026 YTD. Sep 24, 2025 $0.07; Dec 24, 2025 $0.09; Mar 25, 2026 $0.11; Jun 24, 2026 $0.10; Sep 23, 2026 $0.08. Use the arrow keys to read each point.$0$0.202017202020232026YTD

DDM vs QQUP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
DDM 24.6%QQUP 46.7%since Jul 2025
Return per unit of riskSharpe ratio, 3 years
DDM 0.96QQUP 0.60since Jul 2025
Worst fallMax drawdown, 5 years
DDM −40.2%QQUP −37.7%since Jun 2025
Market sensitivityBeta, 5 years
DDM 1.74QQUP 3.46

Popular comparisons

  • DDMBvsQLDA

    ProShares Ultra Dow30 · ProShares Ultra QQQ

    Expense ratio
    0.95% · 0.89%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • QQUPCvsQLDA

    ProShares Ultra QQQ Mega · ProShares Ultra QQQ

    Expense ratio
    0.95% · 0.89%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • DDMBvsUYGA

    ProShares Ultra Dow30 · ProShares Ultra Financials

    Expense ratio
    0.95% · 0.93%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • QQUPCvsUYGA

    ProShares Ultra QQQ Mega · ProShares Ultra Financials

    Expense ratio
    0.95% · 0.93%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • DDMBvsROMA

    ProShares Ultra Dow30 · ProShares Ultra Technology

    Expense ratio
    0.95% · 0.93%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • QQUPCvsROMA

    ProShares Ultra QQQ Mega · ProShares Ultra Technology

    Expense ratio
    0.95% · 0.93%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.