DDM vs. IXC
Compare and contrast key facts about ProShares Ultra Dow30 (DDM) and iShares Global Energy ETF (IXC).
DDM and IXC 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. IXC is a passively managed fund by iShares that tracks the performance of the S&P Global Energy Sector Index. It was launched on Nov 16, 2001. Both DDM and IXC 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 IXC.
Key characteristics
| DDM | IXC | |
|---|---|---|
| YTD Return | 1.24% | 12.71% |
| 1Y Return | 22.52% | 18.19% |
| 3Y Return (Ann) | 5.21% | 26.67% |
| 5Y Return (Ann) | 11.12% | 10.62% |
| 10Y Return (Ann) | 16.38% | 3.50% |
| Sharpe Ratio | 1.31 | 1.04 |
| Daily Std Dev | 20.13% | 17.77% |
| Max Drawdown | -81.70% | -67.88% |
| Current Drawdown | -8.30% | -1.52% |
Correlation
The correlation between DDM and IXC is 0.66, 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.
Performance
DDM vs. IXC - Performance Comparison
In the year-to-date period, DDM achieves a 1.24% return, which is significantly lower than IXC's 12.71% return. Over the past 10 years, DDM has outperformed IXC with an annualized return of 16.38%, while IXC has yielded a comparatively lower 3.50% 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. IXC - Expense Ratio Comparison
DDM has a 0.95% expense ratio, which is higher than IXC's 0.46% expense ratio.
Risk-Adjusted Performance
DDM vs. IXC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Dow30 (DDM) and iShares Global Energy ETF (IXC). 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. IXC - Dividend Comparison
DDM's dividend yield for the trailing twelve months is around 0.58%, less than IXC's 3.06% 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% |
IXC iShares Global Energy ETF | 3.06% | 3.45% | 4.76% | 3.98% | 4.86% | 7.00% | 3.51% | 3.05% | 2.86% | 3.77% | 3.02% | 2.48% |
Drawdowns
DDM vs. IXC - Drawdown Comparison
The maximum DDM drawdown since its inception was -81.70%, which is greater than IXC's maximum drawdown of -67.88%. Use the drawdown chart below to compare losses from any high point for DDM and IXC. For additional features, visit the drawdowns tool.
Volatility
DDM vs. IXC - Volatility Comparison
ProShares Ultra Dow30 (DDM) has a higher volatility of 6.12% compared to iShares Global Energy ETF (IXC) at 3.49%. This indicates that DDM's price experiences larger fluctuations and is considered to be riskier than IXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.