DDM vs. IMCG
Compare and contrast key facts about ProShares Ultra Dow30 (DDM) and iShares Morningstar Mid-Cap Growth ETF (IMCG).
DDM and IMCG 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. IMCG is a passively managed fund by iShares that tracks the performance of the Morningstar US Mid Cap Broad Growth Index. It was launched on Jun 28, 2004. Both DDM and IMCG 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 IMCG.
Key characteristics
| DDM | IMCG | |
|---|---|---|
| YTD Return | 1.24% | 4.71% |
| 1Y Return | 22.52% | 21.38% |
| 3Y Return (Ann) | 5.21% | 0.60% |
| 5Y Return (Ann) | 11.12% | 11.29% |
| 10Y Return (Ann) | 16.38% | 11.72% |
| Sharpe Ratio | 1.31 | 1.58 |
| Daily Std Dev | 20.13% | 14.60% |
| Max Drawdown | -81.70% | -58.96% |
| Current Drawdown | -8.30% | -9.84% |
Correlation
The correlation between DDM and IMCG is 0.79, 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.
Performance
DDM vs. IMCG - Performance Comparison
In the year-to-date period, DDM achieves a 1.24% return, which is significantly lower than IMCG's 4.71% return. Over the past 10 years, DDM has outperformed IMCG with an annualized return of 16.38%, while IMCG has yielded a comparatively lower 11.72% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DDM vs. IMCG - Expense Ratio Comparison
DDM has a 0.95% expense ratio, which is higher than IMCG's 0.06% expense ratio.
Risk-Adjusted Performance
DDM vs. IMCG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Dow30 (DDM) and iShares Morningstar Mid-Cap Growth ETF (IMCG). 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. IMCG - Dividend Comparison
DDM's dividend yield for the trailing twelve months is around 0.58%, less than IMCG's 0.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DDM ProShares Ultra Dow30 | 0.58% | 0.27% | 0.83% | 0.18% | 0.31% | 0.62% | 0.89% | 0.68% | 1.08% | 1.23% | 0.78% | 0.39% |
IMCG iShares Morningstar Mid-Cap Growth ETF | 0.82% | 0.85% | 0.91% | 0.41% | 0.09% | 0.29% | 0.35% | 0.45% | 0.52% | 0.38% | 0.60% | 0.36% |
Drawdowns
DDM vs. IMCG - Drawdown Comparison
The maximum DDM drawdown since its inception was -81.70%, which is greater than IMCG's maximum drawdown of -58.96%. Use the drawdown chart below to compare losses from any high point for DDM and IMCG. For additional features, visit the drawdowns tool.
Volatility
DDM vs. IMCG - Volatility Comparison
ProShares Ultra Dow30 (DDM) has a higher volatility of 6.12% compared to iShares Morningstar Mid-Cap Growth ETF (IMCG) at 4.10%. This indicates that DDM's price experiences larger fluctuations and is considered to be riskier than IMCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.