DDM vs USD

DDMBProShares Ultra Dow30

USDBProShares Ultra Semiconductors

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.

USD The 2007 original in leveraged chip exposure: 2x the daily move of a Dow Jones U.S. semiconductor index, in a corner of the market where 3x grabs the headlines. Costs a flat 0.94%, no waiver.

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.

USD The Fund seeks daily results, before fees and expenses, equal to two times the daily performance of the Dow Jones U.S. Semiconductors Index for a single day.

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.

• USD Listed in 2007, among the first leveraged sector ETFs to come to market, and still a multi-billion-dollar, actively traded fund.proshares.com
• Two times, not three. Same daily-reset machinery as triple-leveraged chip funds, with a smaller multiplier doing the work.proshares.com
• 0.94% flat, no temporary waiver holding it down, and a hair above sibling ROM at 0.93%. That lands near the median for leveraged funds.
• Rules-based chip exposure, not a hand-built AI basket: roughly 40 US semiconductor names from a float-adjusted, cap-weighted S&P Dow Jones index.spglobal.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.

• USD The 2x target applies to a single day. Hold longer and compounding takes over, so results over a stretch can differ from 2x the index over that stretch.proshares.com
• Cap weighting plus a narrow industry means a few giants steer the index, and the fund doubles whatever they do that day, up or down.spglobal.com
• Exposure comes from swaps and other financial instruments, so financing and counterparty terms sit between the index and what the fund delivers.proshares.com

Full DDM profile⁠

Full USD profile⁠