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DDM vs UCOP

ProShares Ultra Dow30

DDMBNYSE Arca

ProShares Trust

UCOPCNYSE Arca

Overlap

Expense ratio

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

DDM0.95%UCOP0.95%

Avg volume · 30D

DDM 99.4×the volume

DDM185KUCOP1.86K

DDM vs UCOP Performance

Jul 31, 2026 – Oct 30, 2026

−3.9%DDM−8.1%UCOP

Jul 31, 2026 to Oct 30, 2026. DDM −3.9%. UCOP −8.1%. Use the arrow keys to read each point.−10%0%5%Jul 2026Sep 2026Oct 2026
Expense ratio
DDM 0.95%
UCOP 0.95%
Fund size
DDM $507M
UCOP $4M
1Y total return
DDM +13.4%
UCOP No data
Yield (12M)
DDM 0.98%
UCOP No data
Holdings
DDM 34
UCOP 1
Avg volume (30D)
DDM 185K sh, better
UCOP 1.86K sh
NAV per share
DDM $62.99
UCOP $39.14
52W range

ETF.net Grade

DDM: Cost 51, Risk 79, Mission 92, Tradability 93, Holdings 53, Durability 79. UCOP: Cost 51, Risk 53, Mission 57, Tradability 46, Holdings not scored, Durability 46.
Pillar letters and Scores for DDM, UCOP, with each pillar’s weight
PillarDDMUCOP
Cost30% weightC51C51
Mission25% weightA92HigherB57
Risk15% weightA79HigherC53
Tradability15% weightA93HigherC46
Holdings10% weightC53Not scored
Durability5% weightA79HigherC46

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 UCOP 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 UCOP 37th 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 37CUBRProShares Ultra MSCI Brazil CappedScore 40
  7. Rank 37CUCOPProShares TrustScore 40
  8. Rank 37CUSMXCorgi U.S. Mid-Cap 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

DDMBProShares Ultra Dow30

UCOPCProShares Trust

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.

UCOP Doubling down on copper, minus the Schedule K-1: UCOP targets 2x the metal's daily move inside a 1940 Act fund that sends a Form 1099. Fee is 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.

UCOP The fund seeks daily results equal to two times the daily performance of copper 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.
  • UCOP Commodity leverage without the tax-season paperwork: ProShares launched it in April 2026 alongside its 2x platinum and palladium funds, and shareholders get Form 1099 reporting, not a Schedule K-1.proshares.com
  • The mandate is one line: two times the daily performance of copper before fees, benchmarked to the United States Copper Index Fund (CPER). No stock picking, no overlay, no guesswork about what you own.
  • Priced at 0.95% net of a waiver through September 30, 2027, near the median for leveraged bull funds and level with ProShares' long-running Ultra Dow30 (DDM) at 0.95%.

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.
  • UCOP The 2x target resets daily and compounds. Over any period longer than a day, results can differ significantly from 2x the move in copper, and choppy stretches work against the math.proshares.com
  • That 0.95% is the net figure. Gross expenses run 3.44%, and the gap is covered by a waiver that runs through September 30, 2027.
  • Young and small next to ProShares' veteran equity Ultras, and it trades lightly, which can show up as wider bid-ask spreads.

Full DDM profile⁠

Full UCOP profile⁠

DDM vs UCOP 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 UCOP 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

  • UCOP 0.95%

    $17,869

$10,000
30 years

Cost over time

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

Year by year

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

Expense ratio

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

DDM 32nd cheapest of 95 funds

UCOP 32nd cheapest of 95 funds

DDM vs UCOP Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DDM 0.98%
UCOP No data
Payout (12M)
DDM $0.62
UCOP No data
Last payment
DDM $0.15
UCOP $0.12
Ex-dividend
DDM Sep 23, 2026
UCOP Sep 23, 2026
Paid on
DDM Sep 29, 2026
UCOP Sep 29, 2026
Frequency
DDM Quarterly
UCOP 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
UCOPQuarterly · 2 paymentsAll UCOP payments⁠
One bar per payment. 2 payments from 2017 to 2026 YTD. Jun 24, 2026 $0.05; Sep 23, 2026 $0.12. Use the arrow keys to read each point.$0$0.202017202020232026YTD

DDM vs UCOP 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%UCOP No data
Return per unit of riskSharpe ratio, 3 years
DDM 0.96UCOP No data
Worst fallMax drawdown, 5 years
DDM −40.2%UCOP No data
Market sensitivityBeta, 5 years
DDM 1.74UCOP 2.11

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