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DDM vs QQXL

ProShares Ultra Dow30

DDMBNYSE Arca

ProShares Ultra QQQ Top 30

QQXLCNasdaq

Overlap

Expense ratio

DDM −0.01pt a year

DDM0.95%QQXL0.96%

Avg volume · 30D

DDM 96.2×the volume

DDM211KQQXL2.19K

DDM vs QQXL Performance

Nov 7, 2025 – Nov 9, 2026

+18.7%DDM+8.5%QQXL

Nov 7, 2025 to Nov 9, 2026. DDM +18.7%. QQXL +8.5%. Use the arrow keys to read each point.−20%0%40%Nov 2025May 2026Nov 2026
Expense ratio
DDM 0.95%, better
QQXL 0.96%
Fund size
DDM $520M
QQXL $4M
1Y total return
DDM +18.7%, better
QQXL +8.5%
Yield (12M)
DDM 0.96%
QQXL 1.19%, better
Holdings
DDM 36
QQXL 32
Avg volume (30D)
DDM 211K sh, better
QQXL 2.19K sh
NAV per share
DDM $61.60
QQXL $43.17
52W range

ETF.net Grade

DDM: Cost 51, Risk 79, Mission 99, Tradability 93, Holdings 42, Durability 79. QQXL: Cost 51, Risk 52, Mission not scored, Tradability 58, Holdings not scored, Durability 52.
Pillar letters and Scores for DDM, QQXL, with each pillar’s weight
PillarDDMQQXL
Cost30% weightC51C51
Mission25% weightA99Not scored
Risk15% weightA79HigherC52
Tradability15% weightA93HigherB58
Holdings10% weightC42Not scored
Durability5% weightA79HigherC52

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 QQXL 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 QQXL 25th of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 1AQLDProShares Ultra QQQScore 76
  2. Rank 2AUYGProShares Ultra FinancialsScore 74
  3. Rank 3AROMProShares Ultra TechnologyScore 70
  4. Rank 4BDDMProShares Ultra Dow30Score 69
  5. Rank 5BURSPProShares Ultra S&P 500 Equal WeightScore 68
  6. Rank 25CQQUPProShares Ultra QQQ MegaScore 52
  7. Rank 25CQQXLProShares Ultra QQQ Top 30Score 52
  8. Rank 27CUCCProShares Ultra Consumer DiscretionaryScore 51

Our read on each fund

ETF.net Research

DDMBProShares Ultra Dow30

QQXLCProShares Ultra QQQ Top 30

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.

QQXL The first ETF to aim 2x daily leverage at just the top 30 names of the Nasdaq-100 instead of all 100. Same mega-cap engine as the classic leveraged Nasdaq trade, with the back half of the index left on the cutting room floor.

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.

QQXL The fund seeks daily investment results, before fees and expenses, corresponding to twice the daily performance of the Nasdaq-100 Top 30 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.
  • QQXL The first and only ETF targeting 2x the daily move of the Nasdaq-100 Top 30 Index, so the leverage lands on 30 mega caps rather than the full 100.proshares.com
  • Charges 0.96% net of a waiver through September 30, 2027, near the typical 2x fund's fee. Sibling QLD runs 0.89% (also net of a waiver through that date) for the whole index.
  • Run by ProShares, which has managed leveraged Nasdaq-100 funds for years before this one arrived. Distributions are paid quarterly.proshares.com

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.
  • QQXL The leverage resets every day. Hold past a single session and compounding takes over, so multi-day results can drift well away from 2x the index, especially in choppy markets.proshares.com
  • That 0.96% is a waived rate. The gross expense ratio is 1.84%, and the waiver is contracted through September 30, 2027.
  • Thirty names, heavy on mega-cap tech, and it only launched in August 2025: a concentrated book, a short record, and lighter trading than the 2x Nasdaq-100 veterans.

Full DDM profile⁠

Full QQXL profile⁠

DDM vs QQXL 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 QQXL Cost

Overpaying QQXL vs DDM

$165

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

  • DDM 0.95%

    $17,869

  • QQXL 0.96%

    $18,034

$10,000
30 years

Cost over time

  • DDM 0.95%
  • QQXL 0.96%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530QQXL $18,034DDM $17,869

Year by year

YearDDMQQXLOverpaying
10$1,678$1,695$17
20$6,322$6,383$61
30$17,869$18,034$165

Expense ratio

  • 0.95%DDM, cheaper
  • 0.96%QQXL
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

DDM 32nd cheapest of 95 funds

QQXL 66th cheapest of 95 funds

DDM vs QQXL Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
DDM 0.96%
QQXL 1.19%, better
Payout (12M)
DDM $0.62
QQXL $0.55
Last payment
DDM $0.15
QQXL $0.12
Ex-dividend
DDM Sep 23, 2026
QQXL Sep 23, 2026
Paid on
DDM Sep 29, 2026
QQXL Sep 29, 2026
Frequency
DDM Quarterly
QQXL 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$0.252017202020232026YTD
QQXLQuarterly · 5 paymentsAll QQXL payments⁠
One bar per payment. 5 payments from 2017 to 2026 YTD. Sep 24, 2025 $0.0026; Dec 24, 2025 $0.03; Mar 25, 2026 $0.24; Jun 24, 2026 $0.16; Sep 23, 2026 $0.12. Use the arrow keys to read each point.$0$0.252017202020232026YTD

DDM vs QQXL 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%QQXL 51.0%since Sep 2025
Return per unit of riskSharpe ratio, 3 years
DDM 0.96QQXL 0.58since Sep 2025
Worst fallMax drawdown, 5 years
DDM −40.2%QQXL −33.4%since Aug 2025
Market sensitivityBeta, 5 years
DDM 1.73QQXL 3.56

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