DDM vs USLV

DDMBProShares Ultra Dow30

USLVDDirexion Daily Silver Bull 2X ETF

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.

USLV Silver leverage without the futures plumbing: USLV targets 200% of silver's daily move by referencing SLV, the physically backed silver trust, in a 1940 Act fund that trades like any stock and skips the K-1.

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.

USLV The fund seeks daily investment results equal to 200% of Silver's price performance 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.

• USLV Direxion calls it an industry first: 2X daily leverage aimed at spot silver, referencing the physically backed iShares Silver Trust instead of a futures roll schedule.direxion.com
• A registered 1940 Act fund, so it trades in an ordinary brokerage account and, per Direxion's materials, avoids K-1 paperwork.direxion.com
• The mandate is plain: 200% of silver's price performance, measured day by day, before fees and expenses.

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.

• USLV The 2X target is a one-day target. Held through a choppy silver tape, compounding can leave results far from twice the period's move.sec.gov
• 1.10% net of a waiver through September 1, 2027 (1.12% gross), above the category median; index-based peers like QLD (0.89% net of a waiver through September 30, 2027) cost less.
• Launched May 2026, so the track record is short, and with a small asset base it is moderately traded rather than a volume giant.

Full DDM profile⁠

Full USLV profile⁠