DDM vs UBOT

DDMBProShares Ultra Dow30

UBOTDDirexion Daily Robotics, Artificial Intelligence & Automation Index 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.

UBOT A geared bet on the robot-and-AI build-out: UBOT aims for 200% of the daily move of a global robotics and artificial intelligence index. Direxion dialed it down from 3x to 2x in 2020, so it is the same theme at a tamer daily multiple.

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.

UBOT The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of the Indxx Global Robotics and Artificial Intelligence Thematic 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.

• UBOT Rare wrapper: 2x daily exposure to a global robotics and AI basket in one ticker, no margin account or swap desk required.
• Direxion cut the fund from 3x to 2x after the close on October 29, 2020. Same theme, smaller daily swings than the original build.sec.gov
• Listed since 2018, which puts it among the longer-running geared thematic funds rather than a fresh launch chasing the AI headline.
• The target is written down plainly: 200% of the daily performance of the Indxx Global Robotics and Artificial Intelligence Thematic Index, before fees and expenses.direxion.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.

• UBOT Costs sit above the category median: 1.32% net of a waiver through September 1, 2027 (1.35% gross), versus 0.89% for QLD, itself net of a waiver through September 30, 2027.
• The leverage resets daily and compounds. Held longer than a day, especially through choppy stretches, results can diverge sharply from 2x the index move for the period.sec.gov
• It is a small, lightly traded fund next to index-based geared names like QLD and ROM, so spreads and order size are worth a look before you trade.

Full DDM profile⁠

Full UBOT profile⁠