DDM vs. DJD
Compare and contrast key facts about ProShares Ultra Dow30 (DDM) and Invesco Dow Jones Industrial Average Dividend ETF (DJD).
DDM and DJD 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. DJD is a passively managed fund by Invesco that tracks the performance of the Dow Jones Industrial Average Yield Weight. It was launched on Dec 16, 2015. Both DDM and DJD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DDM or DJD.
Performance
DDM vs. DJD - Performance Comparison
Returns By Period
In the year-to-date period, DDM achieves a 27.37% return, which is significantly higher than DJD's 16.30% return.
DDM
27.37%
0.36%
15.04%
47.51%
14.11%
17.30%
DJD
16.30%
-1.94%
8.88%
27.14%
9.90%
N/A
Key characteristics
| DDM | DJD | |
|---|---|---|
| Sharpe Ratio | 2.15 | 2.43 |
| Sortino Ratio | 2.88 | 3.63 |
| Omega Ratio | 1.38 | 1.45 |
| Calmar Ratio | 3.02 | 4.32 |
| Martin Ratio | 11.60 | 15.20 |
| Ulcer Index | 4.08% | 1.75% |
| Daily Std Dev | 21.96% | 10.98% |
| Max Drawdown | -81.70% | -34.66% |
| Current Drawdown | -3.81% | -1.94% |
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DDM vs. DJD - Expense Ratio Comparison
DDM has a 0.95% expense ratio, which is higher than DJD's 0.07% expense ratio.
Correlation
The correlation between DDM and DJD is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
DDM vs. DJD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Dow30 (DDM) and Invesco Dow Jones Industrial Average Dividend ETF (DJD). 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.
Dividends
DDM vs. DJD - Dividend Comparison
DDM's dividend yield for the trailing twelve months is around 1.00%, less than DJD's 3.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DDM ProShares Ultra Dow30 | 1.00% | 0.27% | 0.83% | 0.18% | 0.31% | 0.62% | 0.89% | 0.68% | 1.69% | 1.23% | 0.78% | 0.39% |
DJD Invesco Dow Jones Industrial Average Dividend ETF | 3.03% | 3.49% | 3.16% | 2.82% | 3.47% | 2.80% | 2.66% | 3.26% | 3.65% | 0.16% | 0.00% | 0.00% |
Drawdowns
DDM vs. DJD - Drawdown Comparison
The maximum DDM drawdown since its inception was -81.70%, which is greater than DJD's maximum drawdown of -34.66%. Use the drawdown chart below to compare losses from any high point for DDM and DJD. For additional features, visit the drawdowns tool.
Volatility
DDM vs. DJD - Volatility Comparison
ProShares Ultra Dow30 (DDM) has a higher volatility of 9.01% compared to Invesco Dow Jones Industrial Average Dividend ETF (DJD) at 3.34%. This indicates that DDM's price experiences larger fluctuations and is considered to be riskier than DJD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.