DDM vs UGE

DDMBProShares Ultra Dow30

UGEBProShares Ultra Consumer Staples

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.

UGE Leverage pointed at the market's sleepiest aisle. UGE aims for twice the daily move of the S&P 500's consumer staples names, the soap-soda-and-cereal corner, and it has been doing it since 2007.

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.

UGE The fund seeks daily returns, before fees and expenses, equal to twice the daily performance of the S&P Consumer Staples Select Sector 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.

• UGE Targets 2x the daily performance of the S&P Consumer Staples Select Sector Index, which measures the staples companies inside the S&P 500. Roughly 40 names, one ticker.spglobal.com
• Costs 0.95% net of a waiver through September 30, 2027, versus 2.02% gross. That lands near the typical fee for leveraged equity funds and matches stablemate DDM at 0.95%.
• Launched in 2007, giving it a long operating history for a geared sector fund, and it sits in the upper tier of the leveraged long funds we cover.
• Staples leverage is a thin shelf. Most geared sector products chase tech, semis or financials, so a 2x line on toothpaste and groceries is a rarer tool.proshares.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.

• UGE The 2x target resets every day. Held longer, daily rebalancing and compounding can push results away from twice the index's move over that stretch, in either direction.proshares.com
• Assets are small and the shares trade thinly next to the headline geared funds, which tends to show up as wider bid-ask spreads.
• Distributions come quarterly, but the stated objective is the daily index multiple, not income.

Full DDM profile⁠

Full UGE profile⁠