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DDM vs XPP

ProShares Ultra Dow30

DDMBNYSE Arca

ProShares Ultra FTSE China 50

XPPCNYSE Arca

Overlap

Expense ratio

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

DDM0.95%XPP0.95%

Avg volume · 30D

DDM 59.0×the volume

DDM185KXPP3.14K

10Y return · a year

DDM +27.7pt

DDM+19.2%XPP−8.5%

DDM vs XPP Performance

Oct 29, 2021 – Oct 30, 2026

+68.8%DDM−62.0%XPP

Oct 29, 2021 to Oct 30, 2026. DDM +68.8%. XPP −62.0%. Use the arrow keys to read each point.−25%0%25%50%Oct 2021Apr 2024Oct 2026
Expense ratio
DDM 0.95%
XPP 0.95%
Fund size
DDM $507M
XPP $7M
1Y total return
DDM +13.4%, better
XPP −34.4%
Yield (12M)
DDM 0.98%
XPP 3.23%, better
Holdings
DDM 34
XPP 2
Avg volume (30D)
DDM 185K sh, better
XPP 3.14K sh
NAV per share
DDM $62.99
XPP $17.93
52W range

ETF.net Grade

DDM: Cost 51, Risk 79, Mission 92, Tradability 93, Holdings 53, Durability 79. XPP: Cost 51, Risk 36, Mission not scored, Tradability 43, Holdings not scored, Durability 61.
Pillar letters and Scores for DDM, XPP, with each pillar’s weight
PillarDDMXPP
Cost30% weightC51C51
Mission25% weightA92Not scored
Risk15% weightA79HigherD36
Tradability15% weightA93HigherC43
Holdings10% weightC53Not scored
Durability5% weightA79HigherB61

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 XPP 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 XPP 32nd 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 30CWXETTeucrium 2x Daily Wheat ETFScore 48
  7. Rank 32CXPPProShares Ultra FTSE China 50Score 46
  8. Rank 33CAIBUDirexion Daily AI and Big Data Bull 2X ETFScore 45

Our read on each fund

ETF.net Research

DDMBProShares Ultra Dow30

XPPCProShares Ultra FTSE China 50

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.

XPP The 2x dial on China's Hong Kong blue chips: the 50 biggest HK-listed Chinese names, doubled daily. ProShares calls it the only ETF targeting 2x that index. Fee is 0.95% net of a waiver through September 30, 2027.

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.

XPP The fund seeks daily results, before fees and expenses, equal to two times the daily performance of the FTSE China 50 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.
  • XPP ProShares calls it the only ETF targeting 2x the daily return of the FTSE China 50, bought and sold like any stock in a brokerage account.proshares.com
  • 0.95% net of a waiver through September 30, 2027 (1.49% gross), near the category norm. QLD runs 0.89% net of a waiver through the same date; DDM also charges 0.95%.
  • Rules-based underneath: the 50 largest, most liquid Hong Kong listed Chinese companies (H Shares, Red Chips, P Chips), cap weighted with limits, reviewed quarterly.proshares.com
  • Live since 2009, a long run for a leveraged fund, and it sits in the upper half of a crowded leveraged long field.

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.
  • XPP Leverage resets daily. Over longer holds the path matters as much as the direction, and choppy markets can leave results short of 2x the index move.proshares.com
  • Small by assets and lightly traded, so bid-ask spreads and trade timing matter more here than with the headline leveraged names.
  • Concentrated by design: the prospectus flags banks industry risk, Chinese investments risk (government control of markets, trading suspensions) and non-diversification.proshares.com

Full DDM profile⁠

Full XPP profile⁠

DDM vs XPP 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 XPP 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

  • XPP 0.95%

    $17,869

$10,000
30 years

Cost over time

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

Year by year

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

Expense ratio

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

DDM 32nd cheapest of 95 funds

XPP 32nd cheapest of 95 funds

DDM vs XPP Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DDM 0.98%
XPP 3.23%, better
Payout (12M)
DDM $0.62
XPP $0.58
Last payment
DDM $0.15
XPP $0.16
Ex-dividend
DDM Sep 23, 2026
XPP Sep 23, 2026
Paid on
DDM Sep 29, 2026
XPP Sep 29, 2026
Frequency
DDM Quarterly
XPP Quarterly

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$2.502017202020232026YTD
XPPQuarterly · 20 paymentsAll XPP payments⁠
One bar per payment. 20 payments from 2017 to 2026 YTD. Dec 26, 2018 $0.83; Mar 20, 2019 $0.09; Jun 25, 2019 $0.16; Sep 25, 2019 $2.18; Dec 24, 2019 $0.15; Mar 22, 2023 $0.02; Jun 21, 2023 $0.11; Sep 20, 2023 $0.15; Dec 20, 2023 $0.11; Mar 20, 2024 $0.05; Jun 26, 2024 $0.08; Sep 25, 2024 $0.18; Dec 23, 2024 $0.24; Mar 26, 2025 $0.16; Jun 25, 2025 $0.16; Sep 24, 2025 $0.12; Dec 24, 2025 $0.18; Mar 25, 2026 $0.11; Jun 24, 2026 $0.13; Sep 23, 2026 $0.16. Use the arrow keys to read each point.$0$2.502017202020232026YTD

DDM vs XPP Risk

Fall from peak · 5 years

  • DDM
  • XPP
Oct 29, 2021 to Oct 30, 2026. Worst fall: XPP −80.4% · Jan 2024. Use the arrow keys to read each point.−80%−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
DDM 24.6%, betterXPP 44.1%
Return per unit of riskSharpe ratio, 3 years
DDM 0.96, betterXPP 0.28
Worst fallMax drawdown, 5 years
DDM −40.2%, betterXPP −80.4%
Market sensitivityBeta, 5 years
DDM 1.74XPP 0.62

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