DDM vs. HOOG

Last updated Jun 4, 2026

DDM (ProShares Ultra Dow30) and HOOG (Leverage Shares 2X Long HOOD Daily ETF) are both Leveraged Equities funds. DDM is passively managed, while HOOG is actively managed. Over the past year, DDM returned 36.48% vs -29.31% for HOOG. A 0.51 correlation means they provide meaningful diversification when combined. DDM charges 0.95%/yr vs 0.75%/yr for HOOG.

Performance

DDM vs. HOOG - Performance Comparison

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

Returns By Period

In the year-to-date period, DDM achieves a 9.35% return, which is significantly higher than HOOG's -60.40% return.

DDM

• 1D: -2.29%
• 1M: 7.27%
• YTD: 9.35%
• 6M: 9.82%
• 1Y: 36.48%
• 3Y*: 24.94%
• 5Y*: 11.93%
• 10Y*: 19.50%

HOOG

• 1D: -12.13%
• 1M: 10.59%
• YTD: -60.40%
• 6M: -72.73%
• 1Y: -29.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DDM vs. HOOG - Yearly Performance Comparison

	2026 (YTD)	2025
DDM ProShares Ultra Dow30	9.35%	25.17%
HOOG Leverage Shares 2X Long HOOD Daily ETF	-60.40%	291.44%

Correlation

The correlation between DDM and HOOG is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (All Time) Calculated using the full available price history since Mar 24, 2025	0.51

The correlation between DDM and HOOG has been stable across timeframes, ranging from 0.47 to 0.51 - a consistent structural relationship.

Return for Risk

DDM vs. HOOG — Risk / Return Rank

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

DDM

DDM Risk / Return Rank: 41
DDM Sharpe Ratio Rank: 43
DDM Sortino Ratio Rank: 42
DDM Omega Ratio Rank: 40
DDM Calmar Ratio Rank: 38
DDM Martin Ratio Rank: 42

HOOG

HOOG Risk / Return Rank: 9
HOOG Sharpe Ratio Rank: 6
HOOG Sortino Ratio Rank: 14
HOOG Omega Ratio Rank: 13
HOOG Calmar Ratio Rank: 6
HOOG Martin Ratio Rank: 6

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. HOOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Dow30 (DDM) and Leverage Shares 2X Long HOOD Daily ETF (HOOG). 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	HOOG	Difference
Sharpe ratio: Return per unit of total volatility	1.51	-0.22	+1.73
Sortino ratio: Return per unit of downside risk	2.17	0.64	+1.53
Omega ratio: Gain probability vs. loss probability	1.26	1.07	+0.19
Calmar ratio: Return relative to maximum drawdown	1.90	-0.34	+2.24
Martin ratio: Return relative to average drawdown	6.97	-0.55	+7.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DDM vs. HOOG - Sharpe Ratio Comparison

The current DDM Sharpe Ratio is 1.51, which is higher than the HOOG Sharpe Ratio of -0.22. The chart below compares the historical Sharpe Ratios of DDM and HOOG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DDM	HOOG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.51	-0.22	+1.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.31	+0.09

Drawdowns

DDM vs. HOOG - Drawdown Comparison

The maximum DDM drawdown since its inception was -81.70%, smaller than the maximum HOOG drawdown of -86.94%. Use the drawdown chart below to compare losses from any high point for DDM and HOOG.

Drawdown Indicators

	DDM	HOOG	Difference
Max Drawdown Largest peak-to-trough decline	-81.70%	-86.94%	+5.24%
Max Drawdown (1Y) Largest decline over 1 year	-19.31%	-86.94%	+67.63%
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	-2.29%	-81.53%	+79.24%
Average Drawdown Average peak-to-trough decline	-17.33%	-37.56%	+20.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.25%	53.22%	-47.97%

Volatility

DDM vs. HOOG - Volatility Comparison

The current volatility for ProShares Ultra Dow30 (DDM) is 5.95%, while Leverage Shares 2X Long HOOD Daily ETF (HOOG) has a volatility of 41.51%. This indicates that DDM experiences smaller price fluctuations and is considered to be less risky than HOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DDM	HOOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.95%	41.51%	-35.56%
Volatility (6M) Calculated over the trailing 6-month period	18.62%	100.64%	-82.02%
Volatility (1Y) Calculated over the trailing 1-year period	24.25%	137.15%	-112.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.53%	144.88%	-115.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.76%	144.88%	-110.12%

DDM vs. HOOG - Expense Ratio Comparison

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

Dividends

DDM vs. HOOG - Dividend Comparison

DDM's dividend yield for the trailing twelve months is around 0.91%, less than HOOG's 31.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DDM ProShares Ultra Dow30	0.91%	0.94%	1.00%	0.27%	0.83%	0.18%	0.31%	0.62%	0.89%	0.68%	1.08%	1.23%
HOOG Leverage Shares 2X Long HOOD Daily ETF	31.07%	12.30%	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 HOOG in my portfolio?

DDM and HOOG have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DDM or HOOG?

HOOG has higher volatility (41.51%) compared to DDM (5.95%). In terms of maximum drawdown, DDM dropped -81.70% vs HOOG's -86.94%.

Which ETF is better, DDM or HOOG?

On 1-year performance, DDM leads with 36.48% vs -29.31% for HOOG. On fees, HOOG is cheaper at 0.75% per year. On volatility, DDM has been the lower-risk option at 5.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DDM or HOOG?

Over the 1-year period, DDM has performed better with a 36.48% return vs -29.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DDM or HOOG?

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

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

HOOG has the higher dividend yield at 31.07%, compared with 0.91% for DDM.

What is the main difference between DDM and HOOG?

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

Which has better risk-adjusted returns?

DDM currently has the higher Sharpe Ratio (1.51 vs -0.22), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.