DDM vs. ABNG

Last updated Jun 25, 2026

DDM (ProShares Ultra Dow30) and ABNG (Leverage Shares 2x Long ABNB Daily ETF) are both Leveraged Equities funds. DDM is passively managed, while ABNG is actively managed. A 0.52 correlation means they provide meaningful diversification when combined. DDM charges 0.95%/yr vs 0.75%/yr for ABNG.

Performance

DDM vs. ABNG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Dow30 (DDM) and Leverage Shares 2x Long ABNB Daily ETF (ABNG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DDM achieves a 13.60% return, which is significantly higher than ABNG's 1.11% return.

DDM

• 1D: 0.41%
• 1M: 4.51%
• YTD: 13.60%
• 6M: 10.53%
• 1Y: 38.50%
• 3Y*: 26.73%
• 5Y*: 13.21%
• 10Y*: 20.52%

ABNG

• 1D: 7.74%
• 1M: 16.99%
• YTD: 1.11%
• 6M: -0.78%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DDM vs. ABNG - Yearly Performance Comparison

	2026 (YTD)	2025
DDM ProShares Ultra Dow30	13.60%	3.56%
ABNG Leverage Shares 2x Long ABNB Daily ETF	1.11%	23.24%

Correlation

The correlation between DDM and ABNG is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	0.52

Return for Risk

DDM vs. ABNG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DDM

DDM Risk / Return Rank: 48
DDM Sharpe Ratio Rank: 51
DDM Sortino Ratio Rank: 50
DDM Omega Ratio Rank: 46
DDM Calmar Ratio Rank: 44
DDM Martin Ratio Rank: 48

ABNG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DDM vs. ABNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Dow30 (DDM) and Leverage Shares 2x Long ABNB Daily ETF (ABNG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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	ABNG	Difference
Sharpe ratio: Return per unit of total volatility	1.56	—	—
Sortino ratio: Return per unit of downside risk	2.23	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	2.00	—	—
Martin ratio: Return relative to average drawdown	7.34	—	—

Drawdowns

DDM vs. ABNG - Drawdown Comparison

The maximum DDM drawdown since its inception was -81.70%, which is greater than ABNG's maximum drawdown of -33.03%. Use the drawdown chart below to compare losses from any high point for DDM and ABNG.

Drawdown Indicators

	DDM	ABNG	Difference
Max Drawdown Largest peak-to-trough decline	-81.70%	-33.03%	-48.67%
Max Drawdown (1Y) Largest decline over 1 year	-19.31%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-31.62%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-40.18%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-63.13%	—	—
Current Drawdown Current decline from peak	-1.06%	-4.70%	+3.64%
Average Drawdown Average peak-to-trough decline	-17.28%	-12.26%	-5.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.26%	—	—

Volatility

Volatility by Period

	DDM	ABNG	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.32%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.58%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.85%	63.54%	-38.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.62%	63.54%	-33.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.76%	63.54%	-28.78%

DDM vs. ABNG - Expense Ratio Comparison

DDM has a 0.95% expense ratio, which is higher than ABNG's 0.75% expense ratio.

Dividends

DDM vs. ABNG - Dividend Comparison

DDM's dividend yield for the trailing twelve months is around 0.88%, while ABNG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ABNG Leverage Shares 2x Long ABNB Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DDM ProShares Ultra Dow30	0.88%	0.94%	1.00%	0.27%	0.83%	0.18%	0.31%	0.62%	0.89%	0.68%	1.08%	1.23%

Frequently Asked Questions

Can I hold both DDM and ABNG in my portfolio?

DDM and ABNG have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DDM or ABNG?

On fees, ABNG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDM or ABNG?

ABNG is cheaper with a 0.75% expense ratio, compared with 0.95% for DDM.

Which ETF pays a higher dividend yield, DDM or ABNG?

DDM has the higher dividend yield at 0.88%, compared with 0.00% for ABNG.

What is the main difference between DDM and ABNG?

They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for DDM and 0.75% for ABNG.