DDM vs. FMET
Compare and contrast key facts about ProShares Ultra Dow30 (DDM) and Fidelity Metaverse ETF (FMET).
DDM and FMET 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. FMET is an actively managed fund by Fidelity. It was launched on Apr 19, 2022.
Performance
DDM vs. FMET - Performance Comparison
Loading graphics...
DDM vs. FMET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DDM ProShares Ultra Dow30 | -7.34% | 20.59% | 21.60% | 24.34% | -11.91% |
FMET Fidelity Metaverse ETF | -12.10% | 21.93% | 6.76% | 39.18% | -16.56% |
Returns By Period
In the year-to-date period, DDM achieves a -7.34% return, which is significantly higher than FMET's -12.10% 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%
FMET
- 1D
- 0.72%
- 1M
- -4.50%
- YTD
- -12.10%
- 6M
- -15.78%
- 1Y
- 13.47%
- 3Y*
- 10.78%
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
DDM vs. FMET - Expense Ratio Comparison
DDM has a 0.95% expense ratio, which is higher than FMET's 0.39% expense ratio.
Return for Risk
DDM vs. FMET — Risk / Return Rank
DDM
FMET
DDM vs. FMET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Dow30 (DDM) and Fidelity Metaverse ETF (FMET). 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 | FMET | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.49 | 0.55 | -0.07 |
Sortino ratioReturn per unit of downside risk | 0.92 | 0.98 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.13 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.77 | 0.64 | +0.13 |
Martin ratioReturn relative to average drawdown | 2.63 | 1.84 | +0.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| DDM | FMET | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | 0.55 | -0.07 |
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 | 0.31 | +0.06 |
Correlation
The correlation between DDM and FMET is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
DDM vs. FMET - Dividend Comparison
DDM's dividend yield for the trailing twelve months is around 1.08%, more than FMET's 0.63% 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% |
FMET Fidelity Metaverse ETF | 0.63% | 0.81% | 0.44% | 0.40% | 0.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DDM vs. FMET - Drawdown Comparison
The maximum DDM drawdown since its inception was -81.70%, which is greater than FMET's maximum drawdown of -29.22%. Use the drawdown chart below to compare losses from any high point for DDM and FMET.
Loading graphics...
Drawdown Indicators
| DDM | FMET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.70% | -29.22% | -52.48% |
Max Drawdown (1Y)Largest decline over 1 year | -20.92% | -23.00% | +2.08% |
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% | -19.14% | +4.78% |
Average DrawdownAverage peak-to-trough decline | -17.44% | -7.49% | -9.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.12% | 7.99% | -1.87% |
Volatility
DDM vs. FMET - Volatility Comparison
ProShares Ultra Dow30 (DDM) has a higher volatility of 9.85% compared to Fidelity Metaverse ETF (FMET) at 7.52%. This indicates that DDM's price experiences larger fluctuations and is considered to be riskier than FMET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| DDM | FMET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.85% | 7.52% | +2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 18.54% | 15.01% | +3.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.55% | 24.41% | +9.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.42% | 24.29% | +5.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.69% | 24.29% | +10.40% |