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DDM vs UBR

ProShares Ultra Dow30

DDMBNYSE Arca

ProShares Ultra MSCI Brazil Capped

UBRCNYSE Arca

Overlap

Expense ratio

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

DDM0.95%UBR0.95%

Avg volume · 30D

DDM 68.3×the volume

DDM211KUBR3.08K

10Y return · a year

DDM +28.1pt

DDM+18.9%UBR−9.2%

DDM vs UBR Performance

Nov 9, 2021 – Nov 9, 2026

+67.7%DDM+16.5%UBR

Nov 9, 2021 to Nov 9, 2026. DDM +67.7%. UBR +16.5%. Use the arrow keys to read each point.−25%50%100%125%Nov 2021May 2024Nov 2026
Expense ratio
DDM 0.95%
UBR 0.95%
Fund size
DDM $520M
UBR $2M
1Y total return
DDM +18.7%, better
UBR −9.0%
Yield (12M)
DDM 0.96%
UBR 2.38%, better
Holdings
DDM 36
UBR 1
Avg volume (30D)
DDM 211K sh, better
UBR 3.08K sh
NAV per share
DDM $61.60
UBR $22.41
52W range

ETF.net Grade

DDM: Cost 51, Risk 79, Mission 99, Tradability 93, Holdings 42, Durability 79. UBR: Cost 51, Risk 29, Mission not scored, Tradability 41, Holdings not scored, Durability 57.
Pillar letters and Scores for DDM, UBR, with each pillar’s weight
PillarDDMUBR
Cost30% weightC51C51
Mission25% weightA99Not scored
Risk15% weightA79HigherD29
Tradability15% weightA93HigherC41
Holdings10% weightC42Not scored
Durability5% weightA79HigherB57

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 UBR 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 UBR 37th 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 37CTSYWRoundhill Treasury Bond Weeklypay ETFScore 40
  7. Rank 37CUBRProShares Ultra MSCI Brazil CappedScore 40
  8. Rank 37CUCOPProShares TrustScore 40

Our read on each fund

ETF.net Research

DDMBProShares Ultra Dow30

UBRCProShares Ultra MSCI Brazil Capped

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.

UBR Two times the daily move of Brazil's large-cap index in one ticker, with index caps that keep Petrobras and Vale from swallowing the basket. Leverage resets every day. 0.95% net of a waiver through September 30, 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.

UBR UBR seeks daily results equal to two times the daily performance of the MSCI Brazil 25/50 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.
  • UBR Aims for 2x the daily performance of the MSCI Brazil 25/50 Index, before fees, in a brokerage account. No margin account, no swap desk, one ticker.proshares.com
  • The 25/50 index rules cap any single issuer at 25% and hold all 5%-plus names to 50% combined, so Brazil's oil and mining giants cannot run away with the weighting.msci.com
  • At 0.95% net of a waiver through September 30, 2027, the fee sits near the leveraged-bull median and level with ProShares' 2x Dow fund, DDM, at 0.95%.
  • Listed since 2010, so the structure has run through several full Brazilian boom-and-bust cycles.

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.
  • UBR Leverage resets daily. Hold longer than a day and compounding takes over, so results can drift well away from 2x the index's move for the period, especially in choppy markets.proshares.com
  • Gross expenses run 3.26%, trimmed to 0.95% by a waiver through September 30, 2027. Worth tracking what the fee looks like after that date.
  • A small fund that trades lightly next to the big 2x index products, which can mean wider spreads. Limit orders earn their keep here.

Full DDM profile⁠

Full UBR profile⁠

DDM vs UBR 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 UBR 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

  • UBR 0.95%

    $17,869

$10,000
30 years

Cost over time

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

Year by year

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

Expense ratio

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

DDM 32nd cheapest of 95 funds

UBR 32nd cheapest of 95 funds

DDM vs UBR Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
DDM 0.96%
UBR 2.38%, better
Payout (12M)
DDM $0.62
UBR $0.56
Last payment
DDM $0.15
UBR $0.17
Ex-dividend
DDM Sep 23, 2026
UBR Sep 23, 2026
Paid on
DDM Sep 29, 2026
UBR Sep 29, 2026
Frequency
DDM Quarterly
UBR 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
UBRQuarterly · 19 paymentsAll UBR payments⁠
One bar per payment. 19 payments from 2017 to 2026 YTD. Dec 26, 2018 $0.08; Mar 20, 2019 $0.10; Jun 25, 2019 $0.09; Sep 25, 2019 $0.25; Dec 24, 2019 $0.03; Jun 21, 2023 $0.0027; Sep 20, 2023 $0.17; Dec 20, 2023 $0.22; Mar 20, 2024 $0.16; Jun 26, 2024 $0.26; Sep 25, 2024 $0.40; Dec 23, 2024 $0.29; Mar 26, 2025 $0.12; Jun 25, 2025 $0.16; Sep 24, 2025 $0.13; Dec 24, 2025 $0.13; Mar 25, 2026 $0.13; Jun 24, 2026 $0.12; Sep 23, 2026 $0.17. Use the arrow keys to read each point.$0$0.252017202020232026YTD

DDM vs UBR Risk

Fall from peak · 5 years

  • DDM
  • UBR
Nov 9, 2021 to Nov 9, 2026. Worst fall: UBR −65.2% · Jan 2025. Use the arrow keys to read each point.−60%−40%−20%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
DDM 24.6%, betterUBR 50.8%
Return per unit of riskSharpe ratio, 3 years
DDM 0.96, betterUBR 0.21
Worst fallMax drawdown, 5 years
DDM −40.2%, betterUBR −65.2%
Market sensitivityBeta, 5 years
DDM 1.73UBR 0.80

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