DDM vs. BITO
Compare and contrast key facts about ProShares Ultra Dow30 (DDM) and ProShares Bitcoin Strategy ETF (BITO).
DDM and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DDM is a passively managed fund by ProShares that tracks the performance of the Dow Jones Industrial Average Index (200%). It was launched on Jun 21, 2006. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Performance
DDM vs. BITO - Performance Comparison
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DDM vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DDM ProShares Ultra Dow30 | -7.34% | 20.59% | 21.60% | 24.34% | -19.48% | 5.23% |
BITO ProShares Bitcoin Strategy ETF | -22.79% | -11.19% | 104.45% | 137.33% | -63.91% | -31.09% |
Returns By Period
In the year-to-date period, DDM achieves a -7.34% return, which is significantly higher than BITO's -22.79% return.
DDM
- 1D
- 0.92%
- 1M
- -9.73%
- YTD
- -7.34%
- 6M
- -1.68%
- 1Y
- 16.27%
- 3Y*
- 19.19%
- 5Y*
- 10.41%
- 10Y*
- 17.63%
BITO
- 1D
- 0.60%
- 1M
- -1.72%
- YTD
- -22.79%
- 6M
- -43.10%
- 1Y
- -23.27%
- 3Y*
- 24.87%
- 5Y*
- —
- 10Y*
- —
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DDM vs. BITO - Expense Ratio Comparison
Both DDM and BITO have an expense ratio of 0.95%.
Return for Risk
DDM vs. BITO — Risk / Return Rank
DDM
BITO
DDM vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Dow30 (DDM) and ProShares Bitcoin Strategy ETF (BITO). 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.
| DDM | BITO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.49 | -0.52 | +1.00 |
Sortino ratioReturn per unit of downside risk | 0.92 | -0.50 | +1.42 |
Omega ratioGain probability vs. loss probability | 1.13 | 0.94 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 0.77 | -0.42 | +1.19 |
Martin ratioReturn relative to average drawdown | 2.63 | -0.89 | +3.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DDM | BITO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | -0.52 | +1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | -0.08 | +0.44 |
Correlation
The correlation between DDM and BITO is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
DDM vs. BITO - Dividend Comparison
DDM's dividend yield for the trailing twelve months is around 1.08%, less than BITO's 80.47% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DDM ProShares Ultra Dow30 | 1.08% | 0.94% | 1.00% | 0.27% | 0.83% | 0.18% | 0.31% | 0.62% | 0.89% | 0.68% | 1.08% | 1.23% |
BITO ProShares Bitcoin Strategy ETF | 80.47% | 78.29% | 61.59% | 15.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DDM vs. BITO - Drawdown Comparison
The maximum DDM drawdown since its inception was -81.70%, roughly equal to the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for DDM and BITO.
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Drawdown Indicators
| DDM | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.70% | -77.86% | -3.84% |
Max Drawdown (1Y)Largest decline over 1 year | -20.92% | -50.05% | +29.13% |
Max Drawdown (5Y)Largest decline over 5 years | -40.18% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -63.13% | — | — |
Current DrawdownCurrent decline from peak | -14.36% | -46.75% | +32.39% |
Average DrawdownAverage peak-to-trough decline | -17.44% | -36.57% | +19.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.12% | 23.73% | -17.61% |
Volatility
DDM vs. BITO - Volatility Comparison
The current volatility for ProShares Ultra Dow30 (DDM) is 9.85%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 12.84%. This indicates that DDM experiences smaller price fluctuations and is considered to be less risky than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DDM | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.85% | 12.84% | -2.99% |
Volatility (6M)Calculated over the trailing 6-month period | 18.54% | 36.71% | -18.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.55% | 45.32% | -11.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.42% | 55.77% | -26.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.69% | 55.77% | -21.08% |