DDM vs. QLD
Compare and contrast key facts about ProShares Ultra Dow30 (DDM) and ProShares Ultra QQQ (QLD).
DDM and QLD 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. QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006. Both DDM and QLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
DDM vs. QLD - Performance Comparison
Loading graphics...
DDM vs. QLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DDM ProShares Ultra Dow30 | -8.18% | 20.59% | 21.60% | 24.34% | -19.48% | 41.97% | 2.14% | 47.98% | -13.46% | 59.56% |
QLD ProShares Ultra QQQ | -13.35% | 30.36% | 42.82% | 117.72% | -60.52% | 54.67% | 88.90% | 81.69% | -8.31% | 70.34% |
Returns By Period
In the year-to-date period, DDM achieves a -8.18% return, which is significantly higher than QLD's -13.35% return. Over the past 10 years, DDM has underperformed QLD with an annualized return of 17.52%, while QLD has yielded a comparatively higher 29.40% annualized return.
DDM
- 1D
- 4.92%
- 1M
- -10.82%
- YTD
- -8.18%
- 6M
- -2.44%
- 1Y
- 15.02%
- 3Y*
- 18.83%
- 5Y*
- 10.21%
- 10Y*
- 17.52%
QLD
- 1D
- 6.72%
- 1M
- -10.26%
- YTD
- -13.35%
- 6M
- -11.03%
- 1Y
- 37.53%
- 3Y*
- 35.41%
- 5Y*
- 15.27%
- 10Y*
- 29.40%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
DDM vs. QLD - Expense Ratio Comparison
Both DDM and QLD have an expense ratio of 0.95%.
Return for Risk
DDM vs. QLD — Risk / Return Rank
DDM
QLD
DDM vs. QLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Dow30 (DDM) and ProShares Ultra QQQ (QLD). 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 | QLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.45 | 0.84 | -0.39 |
Sortino ratioReturn per unit of downside risk | 0.87 | 1.43 | -0.56 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.20 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.83 | 1.49 | -0.66 |
Martin ratioReturn relative to average drawdown | 2.88 | 4.88 | -2.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| DDM | QLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 0.84 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.34 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.66 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.53 | -0.16 |
Correlation
The correlation between DDM and QLD is 0.77, 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.
Dividends
DDM vs. QLD - Dividend Comparison
DDM's dividend yield for the trailing twelve months is around 1.09%, more than QLD's 0.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DDM ProShares Ultra Dow30 | 1.09% | 0.94% | 1.00% | 0.27% | 0.83% | 0.18% | 0.31% | 0.62% | 0.89% | 0.68% | 1.08% | 1.23% |
QLD ProShares Ultra QQQ | 0.19% | 0.17% | 0.25% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.21% | 0.11% |
Drawdowns
DDM vs. QLD - Drawdown Comparison
The maximum DDM drawdown since its inception was -81.70%, roughly equal to the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for DDM and QLD.
Loading graphics...
Drawdown Indicators
| DDM | QLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.70% | -83.13% | +1.43% |
Max Drawdown (1Y)Largest decline over 1 year | -20.92% | -25.13% | +4.21% |
Max Drawdown (5Y)Largest decline over 5 years | -40.18% | -63.68% | +23.50% |
Max Drawdown (10Y)Largest decline over 10 years | -63.13% | -63.68% | +0.55% |
Current DrawdownCurrent decline from peak | -15.14% | -20.10% | +4.96% |
Average DrawdownAverage peak-to-trough decline | -17.44% | -18.30% | +0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.05% | 7.67% | -1.62% |
Volatility
DDM vs. QLD - Volatility Comparison
The current volatility for ProShares Ultra Dow30 (DDM) is 9.81%, while ProShares Ultra QQQ (QLD) has a volatility of 12.96%. This indicates that DDM experiences smaller price fluctuations and is considered to be less risky than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| DDM | QLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.81% | 12.96% | -3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 18.52% | 25.55% | -7.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.60% | 44.91% | -11.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.42% | 44.77% | -15.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.70% | 44.47% | -9.77% |