DDM vs RXL

DDMBProShares Ultra Dow30

RXLBProShares Ultra Health Care

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.

RXL Health care with the volume turned up: RXL targets two times the daily move of the S&P Health Care Select Sector Index. It has been running that one-day dial since 2007, through a long run of drug-pricing and policy cycles.

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.

RXL The fund seeks daily returns, before fees and expenses, equal to two times the daily performance of the S&P Health Care Select Sector 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.

• RXL Plain mandate, no stock picking: 2x the daily move of a cap-weighted index of roughly 70 large US health care names (drugmakers, insurers, device and services companies).proshares.com
• 0.95% net of a waiver through September 30, 2027 lands near the leveraged-bull median; stablemate QLD runs 0.89% net of a waiver through that same date.
• Trading since January 2007, one of the original ProShares sector Ultras, and one of the stronger implementations in a crowded leveraged field. Pays quarterly.

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.

• RXL The 2x resets every day. Hold past that and compounding takes the wheel, so multi-day results can land well off 2x the index, especially in choppy markets.proshares.com
• Exposure is built with swaps and other derivatives, so counterparty and financing costs ride along with the sector bet.proshares.com
• One of the quieter names in leveraged land. Thinner tape can mean wider spreads, and the gross fee is 1.08% once the waiver ends September 30, 2027.

Full DDM profile⁠

Full RXL profile⁠