- ISIN
- US74347R3057
- CUSIP
- 74347R305
- Issuer
- ProShares
- Inception Date
- Jun 21, 2006
- Region
- North America (U.S.)
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- Dow Jones Industrial Average Index (200%)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mega-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $530M
Share Price Chart
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Performance
DDM Performance Chart
ProShares Ultra Dow30 (DDM) is up 13.3% since the beginning of the year. DDM is currently trading at $64 per share. Investors who bought $1,000 worth of DDM shares 5 years ago would now be looking at an investment worth $1,916.
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Returns By Period
ProShares Ultra Dow30 (DDM) has returned 13.28% so far this year and 43.91% over the past 12 months. Looking at the last ten years, DDM has achieved an annualized return of 20.49%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
ProShares Ultra Dow30
- 1D
- 0.50%
- 1M
- 4.22%
- YTD
- 13.28%
- 6M
- 11.77%
- 1Y
- 43.91%
- 3Y*
- 26.61%
- 5Y*
- 13.89%
- 10Y*
- 20.49%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
DDM Monthly Returns History
Based on dividend-adjusted daily data since Jun 21, 2006, DDM's average daily return is +0.08%, while the average monthly return is +1.50%. At this rate, an investment would double in approximately 3.9 years.
Historically, 64% of months were positive and 36% were negative. The best month was Oct 2022 with a return of +29.0%, while the worst month was Mar 2020 at -32.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, DDM closed higher 54% of trading days. The best single day was Oct 28, 2008 with a return of +22.6%, while the worst single day was Mar 16, 2020 at -23.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.92% | 0.03% | -10.82% | 14.35% | 5.28% | 2.49% | 13.28% | ||||||
| 2025 | 8.98% | -3.36% | -8.60% | -8.13% | 7.70% | 8.59% | -0.24% | 6.30% | 3.48% | 4.55% | 0.36% | 1.27% | 20.59% |
| 2024 | 1.86% | 4.20% | 3.88% | -10.19% | 4.59% | 1.75% | 8.47% | 3.11% | 3.29% | -3.09% | 15.75% | -10.96% | 21.60% |
| 2023 | 5.31% | -8.47% | 3.52% | 4.66% | -6.84% | 8.51% | 6.58% | -4.77% | -7.32% | -3.26% | 18.20% | 9.50% | 24.34% |
| 2022 | -6.78% | -6.74% | 4.62% | -10.01% | 0.08% | -13.32% | 13.58% | -7.90% | -17.44% | 28.98% | 11.37% | -8.58% | -19.48% |
| 2021 | -4.02% | 6.72% | 13.98% | 5.24% | 4.25% | -0.30% | 2.41% | 2.82% | -8.50% | 11.98% | -7.23% | 11.07% | 41.97% |
Benchmark Metrics
ProShares Ultra Dow30 has an annualized alpha of 0.66%, beta of 1.77, and R2 of 0.92 versus S&P 500 Index. Calculated based on daily prices since June 21, 2006.
- This ETF captured 213.01% of S&P 500 Index gains and 160.60% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- Beta of 1.77 means this ETF moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- 0.66%
- Beta
- 1.77
- R²
- 0.92
- Upside Capture
- 213.01%
- Downside Capture
- 160.60%
Expense Ratio
DDM has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
DDM ranks 50 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProShares Ultra Dow30 (DDM) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DDM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.37 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 2.78 | -0.50 |
| Martin ratioReturn relative to average drawdown | 8.37 | 12.44 | -4.06 |
Dividends
Dividend History
ProShares Ultra Dow30 provided a 0.88% dividend yield over the last twelve months, with an annual payout of $0.57 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.57 | $0.54 | $0.48 | $0.11 | $0.27 | $0.07 | $0.09 | $0.17 | $0.17 | $0.15 | $0.15 | $0.13 |
Dividend yield | 0.88% | 0.94% | 1.00% | 0.27% | 0.83% | 0.18% | 0.31% | 0.62% | 0.89% | 0.68% | 1.08% | 1.23% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares Ultra Dow30. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.00 | $0.16 | ||||||
| 2025 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.14 | $0.54 |
| 2024 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.09 | $0.48 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 2022 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.12 | $0.27 |
| 2021 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.05 | $0.07 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares Ultra Dow30. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ProShares Ultra Dow30 was 81.70%, occurring on Mar 9, 2009. Recovery took 1048 trading sessions.
The current ProShares Ultra Dow30 drawdown is 1.34%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -81.70%Mar 2009 | 1y 5mo | 4y 2mo | 5y 7moOct 2007 - May 2013 |
COVID crash2020 | -63.13%Mar 2020 | 1mo 9d | 10mo 22d | 12mo 1dFeb 2020 - Feb 2021 |
Bear market2022 | -40.18%Sep 2022 | 8mo 28d | 1y 4mo | 2y 24dJan 2022 - Jan 2024 |
Rate-hike selloffLate 2018 | -34.57%Dec 2018 | 2mo 21d | 6mo 20d | 9mo 11dOct 2018 - Jul 2019 |
2025 selloff2025 | -31.62%Apr 2025 | 4mo 4d | 5mo 13d | 9mo 17dDec 2024 - Sep 2025 |
Drawdown Indicators
| DDM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.70% | -56.78% | -24.92% |
Max Drawdown (1Y)Largest decline over 1 year | -19.31% | -9.10% | -10.21% |
Max Drawdown (3Y)Largest decline over 3 years | -31.62% | -18.90% | -12.72% |
Max Drawdown (5Y)Largest decline over 5 years | -40.18% | -25.43% | -14.75% |
Max Drawdown (10Y)Largest decline over 10 years | -63.13% | -33.92% | -29.21% |
Current DrawdownCurrent decline from peak | -1.34% | -1.80% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -17.29% | -10.71% | -6.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.26% | 2.03% | +3.23% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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