DDM vs. LQQ.PA

Last updated Jun 16, 2026

DDM (ProShares Ultra Dow30) and LQQ.PA (Lyxor UCITS NASDAQ-100 Daily Leverage) are both exchange-traded funds - DDM is a Leveraged Equities fund tracking the Dow Jones Industrial Average Index (200%), while LQQ.PA is a Nasdaq-100 fund tracking the Nasdaq 100® Leverage (2x) index. Both are passively managed. Over the past 3 years, DDM returned 25.17%/yr vs 45.59%/yr for LQQ.PA. At a 0.37 correlation, their price movements are largely independent. DDM charges 0.95%/yr vs 0.60%/yr for LQQ.PA.

Performance

DDM vs. LQQ.PA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Dow30 (DDM) and Lyxor UCITS NASDAQ-100 Daily Leverage (LQQ.PA). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

DDM is traded in USD, while LQQ.PA is traded in EUR. To make them comparable, the LQQ.PA values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, DDM achieves a 13.44% return, which is significantly lower than LQQ.PA's 38.52% return.

DDM

• 1D: 2.06%
• 1M: 8.82%
• YTD: 13.44%
• 6M: 11.46%
• 1Y: 44.05%
• 3Y*: 25.17%
• 5Y*: 13.72%
• 10Y*: 20.11%

LQQ.PA

• 1D: 5.65%
• 1M: 7.74%
• YTD: 38.52%
• 6M: 40.94%
• 1Y: 81.81%
• 3Y*: 45.59%
• 5Y*: —
• 10Y*: —

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

DDM vs. LQQ.PA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DDM ProShares Ultra Dow30	13.44%	20.59%	21.60%	32.07%
LQQ.PA Lyxor UCITS NASDAQ-100 Daily Leverage	38.52%	29.49%	47.29%	82.44%

Correlation

The correlation between DDM and LQQ.PA is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (All Time) Calculated using the full available price history since Mar 10, 2023	0.37

Return for Risk

DDM vs. LQQ.PA — Risk / Return Rank

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

DDM

DDM Risk / Return Rank: 54
DDM Sharpe Ratio Rank: 58
DDM Sortino Ratio Rank: 57
DDM Omega Ratio Rank: 52
DDM Calmar Ratio Rank: 50
DDM Martin Ratio Rank: 53

LQQ.PA

LQQ.PA Risk / Return Rank: 76
LQQ.PA Sharpe Ratio Rank: 86
LQQ.PA Sortino Ratio Rank: 76
LQQ.PA Omega Ratio Rank: 75
LQQ.PA Calmar Ratio Rank: 78
LQQ.PA Martin Ratio Rank: 67

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. LQQ.PA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Dow30 (DDM) and Lyxor UCITS NASDAQ-100 Daily Leverage (LQQ.PA). 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	LQQ.PA	Difference
Sharpe ratio: Return per unit of total volatility	1.78	2.48	-0.70
Sortino ratio: Return per unit of downside risk	2.48	3.10	-0.61
Omega ratio: Gain probability vs. loss probability	1.30	1.39	-0.09
Calmar ratio: Return relative to maximum drawdown	2.29	3.53	-1.24
Martin ratio: Return relative to average drawdown	8.40	11.73	-3.33

DDM vs. LQQ.PA - Sharpe Ratio Comparison

The current DDM Sharpe Ratio is 1.78, which is comparable to the LQQ.PA Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of DDM and LQQ.PA, 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. LQQ.PA - Drawdown Comparison

The maximum DDM drawdown since its inception was -81.70%, which is greater than LQQ.PA's maximum drawdown of -42.34%. Use the drawdown chart below to compare losses from any high point for DDM and LQQ.PA.

Drawdown Indicators

	DDM	LQQ.PA	Difference
Max Drawdown Largest peak-to-trough decline	-81.70%	-42.34%	-39.36%
Max Drawdown (1Y) Largest decline over 1 year	-19.31%	-22.81%	+3.50%
Max Drawdown (3Y) Largest decline over 3 years	-31.62%	-42.34%	+10.72%
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	0.00%	-1.42%	+1.42%
Average Drawdown Average peak-to-trough decline	-17.30%	-6.61%	-10.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.26%	6.90%	-1.64%

Volatility

DDM vs. LQQ.PA - Volatility Comparison

The current volatility for ProShares Ultra Dow30 (DDM) is 8.81%, while Lyxor UCITS NASDAQ-100 Daily Leverage (LQQ.PA) has a volatility of 12.75%. This indicates that DDM experiences smaller price fluctuations and is considered to be less risky than LQQ.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DDM	LQQ.PA	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.81%	12.75%	-3.94%
Volatility (6M) Calculated over the trailing 6-month period	19.55%	25.30%	-5.75%
Volatility (1Y) Calculated over the trailing 1-year period	24.92%	32.54%	-7.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.69%	35.74%	-6.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.83%	35.74%	-0.91%

DDM vs. LQQ.PA - Expense Ratio Comparison

DDM has a 0.95% expense ratio, which is higher than LQQ.PA's 0.60% expense ratio.

Dividends

DDM vs. LQQ.PA - Dividend Comparison

DDM's dividend yield for the trailing twelve months is around 0.88%, while LQQ.PA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DDM ProShares Ultra Dow30	0.88%	0.94%	1.00%	0.27%	0.83%	0.18%	0.31%	0.62%	0.89%	0.68%	1.08%	1.23%
LQQ.PA Lyxor UCITS NASDAQ-100 Daily Leverage	0.00%	0.00%	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 LQQ.PA in my portfolio?

DDM and LQQ.PA have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DDM or LQQ.PA?

On fees, LQQ.PA is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDM or LQQ.PA?

LQQ.PA is cheaper with a 0.60% expense ratio, compared with 0.95% for DDM.

What is the main difference between DDM and LQQ.PA?

DDM is categorized as Leveraged Equities, while LQQ.PA is Nasdaq-100. DDM tracks Dow Jones Industrial Average Index (200%), while LQQ.PA tracks Nasdaq 100® Leverage (2x) index. They also come from different issuers: ProShares and Amundi. Their fees differ too: 0.95% for DDM and 0.60% for LQQ.PA.