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DDM vs TBXU

ProShares Ultra Dow30

DDMBNYSE Arca

Direxion Daily Biotech Top 5 Bull 2X ETF

TBXUDNYSE Arca

Overlap

Expense ratio

DDM −0.03pt a year

DDM0.95%TBXU0.98%

Avg volume · 30D

DDM 49.7×the volume

DDM185KTBXU3.73K

DDM vs TBXU Performance

Oct 31, 2025 – Oct 30, 2026

+13.4%DDM+68.1%TBXU

Oct 31, 2025 to Oct 30, 2026. DDM +13.4%. TBXU +68.1%. Use the arrow keys to read each point.0%40%Oct 2025Apr 2026Oct 2026
Expense ratio
DDM 0.95%, better
TBXU 0.98%
Fund size
DDM $507M
TBXU $3M
1Y total return
DDM +13.4%
TBXU +68.1%, better
Yield (12M)
DDM 0.98%
TBXU No data
Holdings
DDM 34
TBXU 11
Avg volume (30D)
DDM 185K sh, better
TBXU 3.73K sh
NAV per share
DDM $62.99
TBXU $43.68
52W range

ETF.net Grade

DDM: Cost 51, Risk 79, Mission 92, Tradability 93, Holdings 53, Durability 79. TBXU: Cost 29, Risk 65, Mission not scored, Tradability 35, Holdings not scored, Durability 44.
Pillar letters and Scores for DDM, TBXU, with each pillar’s weight
PillarDDMTBXU
Cost30% weightC51HigherD29
Mission25% weightA92Not scored
Risk15% weightA79HigherB65
Tradability15% weightA93HigherD35
Holdings10% weightC53Not scored
Durability5% weightA79HigherC44

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 TBXU 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 TBXU 70th 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 37CXWCorgi Ex-U.S. Equities 2x Daily ETFScore 40
  7. Rank 70DTBXUDirexion Daily Biotech Top 5 Bull 2X ETFScore 39
  8. Rank 71DEZJProShares Ultra MSCI JapanScore 38

Our read on each fund

ETF.net Research

DDMBProShares Ultra Dow30

TBXUDDirexion Daily Biotech Top 5 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.

TBXU Leveraged biotech, boiled down to five names. TBXU targets 200% of the daily move in an equal-weight basket of the largest US-listed biotechs, at 0.98% net of a waiver through September 1, 2027.

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.

TBXU The fund seeks daily results equal to 200% of the NYSE Biotechnology Top 5 Equal Weight Index before fees and expenses.

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.
  • TBXU Not a sprawling biotech index: the benchmark holds the top five US-listed biotech stocks, equal weighted, and the fund targets 200% of its daily move.direxion.com
  • Quarterly housekeeping: the index resets to equal weight and swaps in new names if any of the five slip out of the top five by market cap.direxion.com
  • 0.98% net of a waiver through September 1, 2027 (6.27% gross), near the category median for leveraged bull funds and close to ProShares' ROM at 0.93%.

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.
  • TBXU Daily reset: hold past one day and compounding takes over, so results can drift from 2X the index over that stretch. Direxion says not to expect 2X beyond a day.direxion.com
  • Five stocks, doubled. One failed trial or ugly readout in a single name lands on the whole basket.direxion.com
  • Launched October 2025, still small and thinly traded, which can widen spreads; the 0.98% rests on that waiver through September 1, 2027.

Full DDM profile⁠

Full TBXU profile⁠

DDM vs TBXU 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 TBXU Cost

Overpaying TBXU vs DDM

$493

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

  • DDM 0.95%

    $17,869

  • TBXU 0.98%

    $18,362

$10,000
30 years

Cost over time

  • DDM 0.95%
  • TBXU 0.98%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530TBXU $18,362DDM $17,869

Year by year

YearDDMTBXUOverpaying
10$1,678$1,729$51
20$6,322$6,504$182
30$17,869$18,362$493

Expense ratio

  • 0.95%DDM, cheaper
  • 0.98%TBXU
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

DDM 32nd cheapest of 95 funds

TBXU 71st cheapest of 95 funds

DDM vs TBXU Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DDM 0.98%
TBXU No data
Payout (12M)
DDM $0.62
TBXU No data
Last payment
DDM $0.15
TBXU $0.14
Ex-dividend
DDM Sep 23, 2026
TBXU Sep 22, 2026
Paid on
DDM Sep 29, 2026
TBXU Sep 29, 2026
Frequency
DDM Quarterly
TBXU 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
TBXUQuarterly · 5 paymentsAll TBXU payments⁠
One bar per payment. 5 payments from 2017 to 2026 YTD. Dec 10, 2025 $0.31; Dec 23, 2025 $0.10; Mar 24, 2026 $0.10; Jun 23, 2026 $0.11; Sep 22, 2026 $0.14. Use the arrow keys to read each point.$0$0.252017202020232026YTD

DDM vs TBXU 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%TBXU 40.6%since Nov 2025
Return per unit of riskSharpe ratio, 3 years
DDM 0.96TBXU 1.39since Nov 2025
Worst fallMax drawdown, 5 years
DDM −40.2%TBXU −26.5%since Oct 2025
Market sensitivityBeta, 5 years
DDM 1.74TBXU −0.18

DDM and TBXU in the news

All news⁠

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