DDM vs UJB

DDMBProShares Ultra Dow30

UJBBProShares Ultra High Yield

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.

UJB Leverage, but on junk bonds instead of stocks. UJB aims for twice the daily move of the Markit iBoxx $ Liquid High Yield Index, a credit trade sitting in a category stuffed with 2x Nasdaq and 2x tech.

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.

UJB UJB seeks daily investment results, before fees and expenses, corresponding to twice the daily performance of the Markit iBoxx $ Liquid High Yield 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.

• UJB The rare leveraged credit play: 2x the daily move of an index of dollar-denominated high yield corporate bonds, in a peer group dominated by stock-index leverage.proshares.com
• Trading since 2011, a long run for a leveraged bond fund, and coupons flow through on a quarterly distribution schedule.
• Fee is 0.95% net of a waiver through September 30, 2027, near the category median and level with stablemate DDM (0.95%), just above QLD (0.89%, net of a waiver through September 30, 2027).
• The index behind it holds only bonds rated BB+/Ba1 or lower and caps any single issuer at 3%, so the exposure is broad junk credit, not a handful of borrowers.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.

• UJB Leverage resets every day. Hold longer and returns compound, so results over a stretch can differ from 2x the index's move over that same stretch, especially in choppy markets.proshares.com
• Gross expenses are 1.63%; the 0.95% net rate rests on a waiver running through September 30, 2027.
• Small fund, light trading next to the big equity Ultras, so spreads and order size carry more weight here.

Full DDM profile⁠

Full UJB profile⁠