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DDM vs UVXY

ProShares Ultra Dow30

DDMBNYSE Arca

ProShares Ultra VIX Short-Term Futures ETF

UVXYCCboe

Overlap

Expense ratio

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

DDM0.95%UVXY0.95%

Avg volume · 30D

UVXY 45.5×the volume

DDM185KUVXY8.43M

10Y return · a year

DDM +89.9pt

DDM+19.2%UVXY−70.7%

DDM vs UVXY Performance

Oct 29, 2021 – Oct 30, 2026

+68.8%DDM−99.5%UVXY

Oct 29, 2021 to Oct 30, 2026. DDM +68.8%. UVXY −99.5%. Use the arrow keys to read each point.−50%0%Oct 2021Apr 2024Oct 2026
Expense ratio
DDM 0.95%
UVXY 0.95%
Fund size
DDM $507M
UVXY $225M
1Y total return
DDM +13.4%, better
UVXY −63.6%
Yield (12M)
DDM 0.98%
UVXY No data
Holdings
DDM 34
UVXY 1
Avg volume (30D)
DDM 185K sh
UVXY 8.43M sh, better
NAV per share
DDM $62.99
UVXY $19.43
52W range

ETF.net Grade

DDM: Cost 51, Risk 79, Mission 92, Tradability 93, Holdings 53, Durability 79. UVXY: Cost 51, Risk 9, Mission not scored, Tradability 78, Holdings not scored, Durability 83.
Pillar letters and Scores for DDM, UVXY, with each pillar’s weight
PillarDDMUVXY
Cost30% weightC51C51
Mission25% weightA92Not scored
Risk15% weightA79HigherF9
Tradability15% weightA93HigherA78
Holdings10% weightC53Not scored
Durability5% weightA79A83Higher

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 UVXY 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 UVXY 28th 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 28CAGQProShares Ultra SilverScore 49
  7. Rank 28CUVXYProShares Ultra VIX Short-Term Futures ETFScore 49
  8. Rank 30CMQQQTradr 2X Long Innovation 100 Monthly ETFScore 48

Our read on each fund

ETF.net Research

DDMBProShares Ultra Dow30

UVXYCProShares Ultra VIX Short-Term Futures 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.

UVXY A volatility trading instrument, not a portfolio holding. UVXY targets 1.5 times the daily move of an index of short-term VIX futures, costs less than the typical leveraged fund, trades heavily, and resets every single day.

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.

UVXY The fund seeks daily results equal to 1.5 times the daily performance of the S&P 500 VIX Short-Term Futures Index, 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.
  • UVXY Expense ratio of 0.95%, below the 1.04% median for leveraged funds. Costs matter when holding periods are measured in hours.
  • Very actively traded, so entering and exiting during a volatility spike is rarely the hard part.
  • The mandate is mechanical and public: 1.5x the daily move of the S&P 500 VIX Short-Term Futures Index. No manager discretion in the mix.proshares.com
  • Live since 2011, through several volatility regimes, and it rates among the stronger builds in its leveraged peer group.

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.
  • UVXY The 1.5x target applies to one day. Over longer stretches, compounding can push results well away from 1.5x the index move, in either direction.
  • Sits at the extreme end of the risk spectrum even next to other leveraged funds, and it isn't an income product.
  • Structured as a commodity pool rather than a standard 1940 Act fund, so tax treatment and year-end paperwork differ from a plain stock ETF.proshares.com

Full DDM profile⁠

Full UVXY profile⁠

DDM vs UVXY 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 UVXY 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

  • UVXY 0.95%

    $17,869

$10,000
30 years

Cost over time

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

Year by year

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

Expense ratio

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

DDM 32nd cheapest of 95 funds

UVXY 32nd cheapest of 95 funds

DDM vs UVXY Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DDM 0.98%
UVXY No data
Payout (12M)
DDM $0.62
UVXY None
Last payment
DDM $0.15
UVXY No data
Ex-dividend
DDM Sep 23, 2026
UVXY No data
Paid on
DDM Sep 29, 2026
UVXY No data
Frequency
DDM Quarterly
UVXY No data

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
UVXYAll UVXY payments⁠

No distribution history available.

DDM vs UVXY Risk

Fall from peak · 5 years

  • DDM
  • UVXY
Oct 29, 2021 to Oct 30, 2026. Worst fall: UVXY −99.7% · Oct 2026. Use the arrow keys to read each point.−100%−75%−50%−25%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
DDM 24.6%, betterUVXY 60.4%
Return per unit of riskSharpe ratio, 3 years
DDM 0.96, betterUVXY −1.36
Worst fallMax drawdown, 5 years
DDM −40.2%, betterUVXY −99.7%
Market sensitivityBeta, 5 years
DDM 1.74UVXY −3.28

DDM and UVXY in the news

All news⁠

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