DDM vs. QQQ
Compare and contrast key facts about ProShares Ultra Dow30 (DDM) and Invesco QQQ ETF (QQQ).
DDM and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both DDM and QQQ 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. QQQ - Performance Comparison
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DDM vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DDM ProShares Ultra Dow30 | -7.34% | 20.59% | 21.60% | 24.34% | -19.48% | 41.97% | 2.14% | 47.98% | -13.46% | 59.56% |
QQQ Invesco QQQ ETF | -4.76% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Returns By Period
In the year-to-date period, DDM achieves a -7.34% return, which is significantly lower than QQQ's -4.76% return. Over the past 10 years, DDM has underperformed QQQ with an annualized return of 17.63%, while QQQ has yielded a comparatively higher 18.99% annualized return.
DDM
- 1D
- 0.92%
- 1M
- -9.73%
- YTD
- -7.34%
- 6M
- -1.68%
- 1Y
- 16.27%
- 3Y*
- 19.19%
- 5Y*
- 10.41%
- 10Y*
- 17.63%
QQQ
- 1D
- 1.24%
- 1M
- -3.79%
- YTD
- -4.76%
- 6M
- -2.89%
- 1Y
- 24.21%
- 3Y*
- 22.83%
- 5Y*
- 13.16%
- 10Y*
- 18.99%
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DDM vs. QQQ - Expense Ratio Comparison
DDM has a 0.95% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
DDM vs. QQQ — Risk / Return Rank
DDM
QQQ
DDM vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Dow30 (DDM) and Invesco QQQ ETF (QQQ). 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 | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.49 | 1.07 | -0.58 |
Sortino ratioReturn per unit of downside risk | 0.92 | 1.66 | -0.74 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.24 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.77 | 2.00 | -1.23 |
Martin ratioReturn relative to average drawdown | 2.63 | 7.32 | -4.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DDM | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | 1.07 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.59 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.86 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.38 | -0.01 |
Correlation
The correlation between DDM and QQQ 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. QQQ - Dividend Comparison
DDM's dividend yield for the trailing twelve months is around 1.08%, more than QQQ's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DDM ProShares Ultra Dow30 | 1.08% | 0.94% | 1.00% | 0.27% | 0.83% | 0.18% | 0.31% | 0.62% | 0.89% | 0.68% | 1.08% | 1.23% |
QQQ Invesco QQQ ETF | 0.48% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
DDM vs. QQQ - Drawdown Comparison
The maximum DDM drawdown since its inception was -81.70%, roughly equal to the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for DDM and QQQ.
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Drawdown Indicators
| DDM | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.70% | -82.97% | +1.27% |
Max Drawdown (1Y)Largest decline over 1 year | -20.92% | -12.62% | -8.30% |
Max Drawdown (5Y)Largest decline over 5 years | -40.18% | -35.12% | -5.06% |
Max Drawdown (10Y)Largest decline over 10 years | -63.13% | -35.12% | -28.01% |
Current DrawdownCurrent decline from peak | -14.36% | -7.86% | -6.50% |
Average DrawdownAverage peak-to-trough decline | -17.44% | -32.99% | +15.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.12% | 3.44% | +2.68% |
Volatility
DDM vs. QQQ - Volatility Comparison
ProShares Ultra Dow30 (DDM) has a higher volatility of 9.85% compared to Invesco QQQ ETF (QQQ) at 6.61%. This indicates that DDM's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DDM | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.85% | 6.61% | +3.24% |
Volatility (6M)Calculated over the trailing 6-month period | 18.54% | 12.82% | +5.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.55% | 22.70% | +10.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.42% | 22.38% | +7.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.69% | 22.25% | +12.44% |