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DDM vs SAA

ProShares Ultra Dow30

DDMBNYSE Arca

ProShares Ultra SmallCap600

SAACNYSE Arca

Overlap

Expense ratio

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

DDM0.95%SAA0.95%

Avg volume · 30D

DDM 45.8×the volume

DDM185KSAA4.04K

10Y return · a year

DDM +7.7pt

DDM+19.2%SAA+11.5%

DDM vs SAA Performance

Oct 29, 2021 – Oct 30, 2026

+68.8%DDM+9.4%SAA

Oct 29, 2021 to Oct 30, 2026. DDM +68.8%. SAA +9.4%. Use the arrow keys to read each point.−50%−25%25%50%Oct 2021Apr 2024Oct 2026
Expense ratio
DDM 0.95%
SAA 0.95%
Fund size
DDM $507M
SAA $26M
1Y total return
DDM +13.4%
SAA +34.7%, better
Yield (12M)
DDM 0.98%, better
SAA 0.74%
Holdings
DDM 34
SAA 603
Avg volume (30D)
DDM 185K sh, better
SAA 4.04K sh
NAV per share
DDM $62.99
SAA $33.32
52W range

ETF.net Grade

DDM: Cost 51, Risk 79, Mission 92, Tradability 93, Holdings 53, Durability 79. SAA: Cost 51, Risk 65, Mission not scored, Tradability 49, Holdings 79, Durability 69.
Pillar letters and Scores for DDM, SAA, with each pillar’s weight
PillarDDMSAA
Cost30% weightC51C51
Mission25% weightA92Not scored
Risk15% weightA79HigherB65
Tradability15% weightA93HigherC49
Holdings10% weightC53A79Higher
Durability5% weightA79HigherB69

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 SAA 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 SAA 22nd 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 22CMAGXRoundhill Daily 2X Long Magnificent Seven ETFScore 54
  7. Rank 22CSAAProShares Ultra SmallCap600Score 54
  8. Rank 24CQQXLProShares Ultra QQQ Top 30Score 53

Our read on each fund

ETF.net Research

DDMBProShares Ultra Dow30

SAACProShares Ultra SmallCap600

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.

SAA Two times the daily move of the S&P SmallCap 600, the small-cap index that asks companies to earn money before it lets them in. Running since 2007, it is the quality-screened corner of leveraged small-cap trading.

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.

SAA ProShares Ultra SmallCap600 aims, before fees and expenses, to deliver daily results equal to twice the daily performance of the S&P SmallCap 600 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.
  • SAA Aims to deliver 2x the daily move of the S&P SmallCap 600, an index S&P distinguishes from other small-cap benchmarks by its earnings requirement.proshares.comspglobal.com
  • 0.95% net of a waiver through September 30, 2027, near the typical leveraged bull fee and level with DDM's 0.95%.
  • Listed in January 2007, so the daily-reset machinery has run through nearly two decades of markets, 2008 included.
  • Spreads its exposure across roughly 600 small caps, and sits in the top quartile of the leveraged bull funds we grade.

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.
  • SAA The 2x target resets every day. Hold longer and compounding takes over, so results can diverge from twice the index move over that stretch, most of all in choppy markets.proshares.com
  • A small fund that trades thinly, so bid-ask spreads can run wider than at the headline leveraged ETFs.
  • That 0.95% leans on a waiver set to run through September 30, 2027. Gross expenses are 1.48%.

Full DDM profile⁠

Full SAA profile⁠

DDM vs SAA 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 SAA 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

  • SAA 0.95%

    $17,869

$10,000
30 years

Cost over time

  • DDM 0.95%
  • SAA 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 $17,869SAA $17,869

Year by year

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

Expense ratio

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

DDM 32nd cheapest of 95 funds

SAA 32nd cheapest of 95 funds

DDM vs SAA Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DDM 0.98%, better
SAA 0.74%
Payout (12M)
DDM $0.62
SAA $0.25
Last payment
DDM $0.15
SAA $0.04
Ex-dividend
DDM Sep 23, 2026
SAA Sep 23, 2026
Paid on
DDM Sep 29, 2026
SAA Sep 29, 2026
Frequency
DDM Quarterly
SAA 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
SAAQuarterly · 22 paymentsAll SAA payments⁠
One bar per payment. 22 payments from 2017 to 2026 YTD. Sep 26, 2018 $0.0012; Dec 26, 2018 $0.04; Mar 20, 2019 $0.0099; Jun 25, 2019 $0.03; Dec 24, 2019 $0.03; Dec 23, 2020 $0.0064; Sep 21, 2022 $0.03; Dec 22, 2022 $0.07; Jun 21, 2023 $0.05; Sep 20, 2023 $0.06; Dec 20, 2023 $0.11; Mar 20, 2024 $0.04; Jun 26, 2024 $0.08; Sep 25, 2024 $0.09; Dec 23, 2024 $0.14; Mar 26, 2025 $0.05; Jun 25, 2025 $0.01; Sep 24, 2025 $0.08; Dec 24, 2025 $0.13; Mar 25, 2026 $0.04; Jun 24, 2026 $0.03; Sep 23, 2026 $0.04. Use the arrow keys to read each point.$0$0.202017202020232026YTD

DDM vs SAA Risk

Fall from peak · 5 years

  • DDM
  • SAA
Oct 29, 2021 to Oct 30, 2026. Worst fall: SAA −55.3% · Apr 2025. Use the arrow keys to read each point.−50%−40%−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
DDM 24.6%, betterSAA 38.0%
Return per unit of riskSharpe ratio, 3 years
DDM 0.96, betterSAA 0.68
Worst fallMax drawdown, 5 years
DDM −40.2%, betterSAA −55.3%
Market sensitivityBeta, 5 years
DDM 1.74SAA 2.06

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