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DDM vs YCL

ProShares Ultra Dow30

DDMBNYSE Arca

ProShares Ultra Yen

YCLBNYSE Arca

Overlap

Expense ratio

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

DDM0.95%YCL0.95%

Avg volume · 30D

DDM 5.6×the volume

DDM185KYCL33K

10Y return · a year

DDM +31.7pt

DDM+19.2%YCL−12.5%

DDM vs YCL Performance

Oct 29, 2021 – Oct 30, 2026

+68.8%DDM−62.5%YCL

Oct 29, 2021 to Oct 30, 2026. DDM +68.8%. YCL −62.5%. Use the arrow keys to read each point.−25%0%25%50%Oct 2021Apr 2024Oct 2026
Expense ratio
DDM 0.95%
YCL 0.95%
Fund size
DDM $507M
YCL $29M
1Y total return
DDM +13.4%, better
YCL −8.6%
Yield (12M)
DDM 0.98%
YCL No data
Holdings
DDM 34
YCL 1
Avg volume (30D)
DDM 185K sh, better
YCL 33K sh
NAV per share
DDM $62.99
YCL $18.22
52W range

ETF.net Grade

DDM: Cost 51, Risk 79, Mission 92, Tradability 93, Holdings 53, Durability 79. YCL: Cost 51, Risk 57, Mission not scored, Tradability 61, Holdings not scored, Durability 69.
Pillar letters and Scores for DDM, YCL, with each pillar’s weight
PillarDDMYCL
Cost30% weightC51C51
Mission25% weightA92Not scored
Risk15% weightA79HigherB57
Tradability15% weightA93HigherB61
Holdings10% weightC53Not scored
Durability5% weightA79HigherB69

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 YCL 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 YCL 20th 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 20BUPWProShares Ultra UtilitiesScore 55
  7. Rank 20BYCLProShares Ultra YenScore 55
  8. Rank 22CMAGXRoundhill Daily 2X Long Magnificent Seven ETFScore 54

Our read on each fund

ETF.net Research

DDMBProShares Ultra Dow30

YCLBProShares Ultra Yen

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.

YCL The only US ETF built to double the yen's daily move against the dollar. A one-day macro tool wrapped as a commodity pool, on the shelf since 2008 for traders with a view on dollar-yen.

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.

YCL YCL seeks daily investment results, before fees and expenses, equal to two times the daily performance of the Japanese yen against the U.S. dollar.

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.
  • YCL One of a kind: ProShares states no other ETF targets 2x the daily performance of the yen versus the dollar. The alternative route is futures, forwards or a margin account.proshares.com
  • 0.95% a year sits under the typical fee for leveraged funds, and the fund has been running since 2008, through multiple dollar-yen regimes.
  • The mechanism is plain: two times the yen's daily move against the dollar, reset each day, traded through one ticker in an ordinary brokerage account.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.
  • YCL Daily reset compounds. Over any stretch longer than a day, results can land well away from 2x the yen's move, and choppy currency markets widen that gap.proshares.com
  • Structured as a commodity pool under ProShares Trust II, so it sends a Schedule K-1 at tax time rather than a 1099.proshares.com
  • Trading is light next to the big equity-index leveraged funds like UDOW and QLD, which can show up as wider spreads around the quote.

Full DDM profile⁠

Full YCL profile⁠

DDM vs YCL 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 YCL 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

  • YCL 0.95%

    $17,869

$10,000
30 years

Cost over time

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

Year by year

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

Expense ratio

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

DDM 32nd cheapest of 95 funds

YCL 32nd cheapest of 95 funds

DDM vs YCL Dividends

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

No distribution history available.

DDM vs YCL Risk

Fall from peak · 5 years

  • DDM
  • YCL
Oct 29, 2021 to Oct 30, 2026. Worst fall: YCL −65.4% · Jul 2026. Use the arrow keys to read each point.−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
DDM 24.6%YCL 19.7%, better
Return per unit of riskSharpe ratio, 3 years
DDM 0.96, betterYCL −0.61
Worst fallMax drawdown, 5 years
DDM −40.2%, betterYCL −65.4%
Market sensitivityBeta, 5 years
DDM 1.74YCL 0.38

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