DDM vs. IMCG

Last updated Aug 6, 2026

DDM (ProShares Ultra Dow30) and IMCG (iShares Morningstar Mid-Cap Growth ETF) are both exchange-traded funds - DDM is a Leveraged Equities fund tracking the Dow Jones Industrial Average Index (200%), while IMCG is a Mid Cap Growth Equities fund tracking the Morningstar US Mid Cap Broad Growth Index. Both are passively managed. Over the past 10 years, DDM returned 20.08%/yr vs 14.40%/yr for IMCG. Their 0.79 correlation means they have sometimes moved together and sometimes differently. DDM charges 0.95%/yr vs 0.06%/yr for IMCG.

Performance

DDM vs. IMCG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Dow30 (DDM) and iShares Morningstar Mid-Cap Growth ETF (IMCG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with DDM having a 24.32% return and IMCG slightly lower at 23.48%. Over the past 10 years, DDM has outperformed IMCG with an annualized return of 20.08%, while IMCG has yielded a comparatively lower 14.40% annualized return.

DDM

• 1D: 0.86%
• 1M: 4.37%
• 6M: 17.92%
• YTD: 24.32%
• 1Y: 45.60%
• 3Y*: 27.53%
• 5Y*: 14.31%
• 10Y*: 20.08%
• ALL TIME*: 14.76%

IMCG

• 1D: -0.26%
• 1M: 0.35%
• 6M: 21.01%
• YTD: 23.48%
• 1Y: 22.31%
• 3Y*: 18.18%
• 5Y*: 7.60%
• 10Y*: 14.40%
• ALL TIME*: 11.52%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DDM ProShares Ultra Dow30	$16.79M	$13.61M	$11.73M
IMCG iShares Morningstar Mid-Cap Growth ETF	$11.72M	$10.31M	$9.20M

DDM vs. IMCG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DDM ProShares Ultra Dow30	24.32%	20.59%	21.60%	24.34%	-19.48%	41.97%	2.14%	47.98%	-13.46%	59.56%
IMCG iShares Morningstar Mid-Cap Growth ETF	23.48%	6.55%	18.14%	20.73%	-25.79%	15.39%	45.64%	35.70%	-3.68%	25.57%

Correlation

The correlation between DDM and IMCG is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.76
Correlation (3Y) Balances recent behavior with more history.	0.80
Correlation (5Y) Shows whether the relationship held over a longer period.	0.82
Correlation (10Y) Provides a long-term view across more market conditions.	0.76
Correlation (All Time) Calculated using the full available price history since Jun 21, 2006	0.79

The correlation between DDM and IMCG has been stable across timeframes, ranging from 0.76 to 0.82 - a consistent structural relationship.

DDM vs. IMCG - Sectors Allocation Comparison

Sectors	DDM	IMCG
Financial Services	27.0%	11.7%
Industrials	17.9%	24.5%
Technology	16.3%	25.1%
Healthcare	13.4%	7.2%
Consumer Cyclical	10.4%	9.8%
Communication Services	5.2%	2.2%
Basic Materials	4.0%	6.8%
Consumer Defensive	3.9%	2.0%
Energy	1.9%	3.2%
Real Estate	-	3.9%
Utilities	-	3.3%

Return for Risk

DDM vs. IMCG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DDM

DDM Risk / Return Rank: 64
DDM Sharpe Ratio Rank: 70
DDM Sortino Ratio Rank: 67
DDM Omega Ratio Rank: 63
DDM Calmar Ratio Rank: 59
DDM Martin Ratio Rank: 64

IMCG

IMCG Risk / Return Rank: 50
IMCG Sharpe Ratio Rank: 46
IMCG Sortino Ratio Rank: 46
IMCG Omega Ratio Rank: 44
IMCG Calmar Ratio Rank: 54
IMCG Martin Ratio Rank: 61

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DDM vs. IMCG - Risk-Adjusted Trends 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.

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	IMCG	Difference
Sharpe ratio: Return per unit of total volatility	1.82	1.33	+0.50
Sortino ratio: Return per unit of downside risk	2.50	1.93	+0.57
Omega ratio: Gain probability vs. loss probability	1.31	1.23	+0.08
Calmar ratio: Return relative to maximum drawdown	2.37	2.20	+0.17
Martin ratio: Return relative to average drawdown	8.73	8.31	+0.41

DDM vs. IMCG - Sharpe Ratio Comparison

The current DDM Sharpe Ratio is 1.82, which is higher than the IMCG Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of DDM and IMCG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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.

Drawdown Indicators

	DDM	IMCG	Difference
Max Drawdown Largest peak-to-trough decline	-81.70%	-58.96%	-22.74%
Max Drawdown (1Y) Largest decline over 1 year	-19.31%	-10.17%	-9.14%
Max Drawdown (3Y) Largest decline over 3 years	-31.62%	-21.92%	-9.70%
Max Drawdown (5Y) Largest decline over 5 years	-40.18%	-35.08%	-5.10%
Max Drawdown (10Y) Largest decline over 10 years	-63.13%	-35.08%	-28.05%
Current Drawdown Current decline from peak	0.00%	-0.26%	+0.26%
Average Drawdown Average peak-to-trough decline	-17.20%	-9.16%	-8.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.24%	2.69%	+2.55%

Volatility

DDM vs. IMCG - Volatility Comparison

ProShares Ultra Dow30 (DDM) has a higher volatility of 8.29% compared to iShares Morningstar Mid-Cap Growth ETF (IMCG) at 4.15%. 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.

Volatility by Period

	DDM	IMCG	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.29%	4.15%	+4.14%
Volatility (6M) Calculated over the trailing 6-month period	20.01%	14.11%	+5.90%
Volatility (1Y) Calculated over the trailing 1-year period	25.12%	16.93%	+8.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.67%	20.40%	+9.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.78%	20.57%	+14.21%

DDM vs. IMCG - Expense Ratio Comparison

DDM has a 0.95% expense ratio, which is higher than IMCG's 0.06% expense ratio.

Dividends

DDM vs. IMCG - Dividend Comparison

DDM's dividend yield for the trailing twelve months is around 0.87%, more than IMCG's 0.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DDM ProShares Ultra Dow30	0.87%	0.94%	1.00%	0.27%	0.83%	0.18%	0.31%	0.62%	0.89%	0.68%	1.08%	1.23%
IMCG iShares Morningstar Mid-Cap Growth ETF	0.61%	0.78%	0.78%	0.85%	0.91%	0.41%	0.09%	0.30%	0.35%	0.45%	0.52%	0.38%

Frequently Asked Questions

Can I hold both DDM and IMCG in my portfolio?

DDM and IMCG have a correlation of 0.76, 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 IMCG?

DDM has higher volatility (8.29%) compared to IMCG (4.15%). In terms of maximum drawdown, DDM dropped -81.70% vs IMCG's -58.96%.

Which ETF is better, DDM or IMCG?

On 10-year performance, DDM leads with 20.08% vs 14.40% for IMCG. On fees, IMCG is cheaper at 0.06% per year. On volatility, IMCG has been the lower-risk option at 4.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DDM or IMCG?

Over the 10-year period, DDM has performed better with a 20.08% return vs 14.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DDM or IMCG?

IMCG is cheaper with a 0.06% expense ratio, compared with 0.95% for DDM.

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

DDM has the higher dividend yield at 0.87%, compared with 0.61% for IMCG.

What is the main difference between DDM and IMCG?

DDM is categorized as Leveraged Equities, while IMCG is Mid Cap Growth Equities. DDM tracks Dow Jones Industrial Average Index (200%), while IMCG tracks Morningstar US Mid Cap Broad Growth Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.95% for DDM and 0.06% for IMCG.

Which has better risk-adjusted returns?

DDM currently has the higher Sharpe Ratio (1.82 vs 1.33), 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.