DDM vs. FBGX

Last updated Jun 16, 2026

DDM (ProShares Ultra Dow30) and FBGX (UBS AG FI Enhanced Large Cap Growth ETN) are both Leveraged Equities funds - DDM tracks the Dow Jones Industrial Average Index (200%) while FBGX tracks the Russell 1000 Growth Index (200%). Both are passively managed. A 0.70 correlation means they provide meaningful diversification when combined. DDM charges 0.95%/yr vs 1.29%/yr for FBGX.

Performance

DDM vs. FBGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Dow30 (DDM) and UBS AG FI Enhanced Large Cap Growth ETN (FBGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DDM

• 1D: 2.06%
• 1M: 8.82%
• YTD: 13.44%
• 6M: 11.46%
• 1Y: 44.05%
• 3Y*: 25.17%
• 5Y*: 13.72%
• 10Y*: 20.11%

FBGX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DDM vs. FBGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DDM ProShares Ultra Dow30	13.44%	20.59%	21.60%	24.34%	-19.48%	41.97%	2.14%	47.98%	-13.46%	59.56%
FBGX UBS AG FI Enhanced Large Cap Growth ETN	0.00%	0.00%	35.73%	83.74%	-56.41%	57.04%	65.79%	75.84%	-16.58%	64.01%

Correlation

The correlation between DDM and FBGX is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Jun 11, 2014	0.70

The correlation between DDM and FBGX shifts across timeframes, from 0.31 (3 years) to 0.70 (all time), reflecting how their relationship changes across market environments.

DDM vs. FBGX - Sectors Allocation Comparison

Sectors	DDM	FBGX
Financial Services	34.9%	0.0%
Technology	13.3%	0.0%
Industrials	13.0%	0.0%
Healthcare	9.6%	0.0%
Consumer Cyclical	7.7%	0.0%
Consumer Defensive	3.0%	0.0%
Basic Materials	2.7%	0.0%
Energy	1.6%	0.0%
Communication Services	1.3%	0.0%
Real Estate	-	0.0%
Utilities	-	0.0%

Return for Risk

DDM vs. FBGX — Risk / Return Rank

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

DDM

DDM Risk / Return Rank: 54
DDM Sharpe Ratio Rank: 58
DDM Sortino Ratio Rank: 57
DDM Omega Ratio Rank: 52
DDM Calmar Ratio Rank: 50
DDM Martin Ratio Rank: 53

FBGX

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. FBGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Dow30 (DDM) and UBS AG FI Enhanced Large Cap Growth ETN (FBGX). 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	FBGX	Difference
Sharpe ratio: Return per unit of total volatility	1.78	—	—
Sortino ratio: Return per unit of downside risk	2.48	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	2.29	—	—
Martin ratio: Return relative to average drawdown	8.40	—	—

Drawdowns

Drawdown Indicators

	DDM	FBGX	Difference
Max Drawdown Largest peak-to-trough decline	-81.70%	—	—
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	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-17.30%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	5.26%	—	—

Volatility

Volatility by Period

	DDM	FBGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.81%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.55%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.92%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.69%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.83%	—	—

DDM vs. FBGX - Expense Ratio Comparison

DDM has a 0.95% expense ratio, which is lower than FBGX's 1.29% expense ratio.

Dividends

DDM vs. FBGX - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
FBGX UBS AG FI Enhanced Large Cap Growth ETN	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DDM and FBGX in my portfolio?

DDM and FBGX have a correlation of 0.70, 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 FBGX?

On fees, DDM is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDM or FBGX?

DDM is cheaper with a 0.95% expense ratio, compared with 1.29% for FBGX.

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

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

What is the main difference between DDM and FBGX?

DDM tracks Dow Jones Industrial Average Index (200%), while FBGX tracks Russell 1000 Growth Index (200%). They also come from different issuers: ProShares and UBS. Their fees differ too: 0.95% for DDM and 1.29% for FBGX.