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DDM vs. SPXL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between DDM and SPXL is 0.93, 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.


-0.50.00.51.0
Correlation: 0.9

Performance

DDM vs. SPXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Dow30 (DDM) and Direxion Daily S&P 500 Bull 3X Shares (SPXL). The values are adjusted to include any dividend payments, if applicable.

1,000.00%2,000.00%3,000.00%4,000.00%5,000.00%6,000.00%NovemberDecember2025FebruaryMarchApril
1,458.17%
3,701.02%
DDM
SPXL

Key characteristics

Sharpe Ratio

DDM:

0.06

SPXL:

0.11

Sortino Ratio

DDM:

0.33

SPXL:

0.55

Omega Ratio

DDM:

1.04

SPXL:

1.08

Calmar Ratio

DDM:

0.06

SPXL:

0.12

Martin Ratio

DDM:

0.22

SPXL:

0.44

Ulcer Index

DDM:

8.98%

SPXL:

13.62%

Daily Std Dev

DDM:

33.97%

SPXL:

57.22%

Max Drawdown

DDM:

-81.70%

SPXL:

-76.86%

Current Drawdown

DDM:

-23.27%

SPXL:

-33.27%

Returns By Period

In the year-to-date period, DDM achieves a -13.75% return, which is significantly higher than SPXL's -25.30% return. Over the past 10 years, DDM has underperformed SPXL with an annualized return of 14.58%, while SPXL has yielded a comparatively higher 19.42% annualized return.


DDM

YTD

-13.75%

1M

-11.77%

6M

-12.72%

1Y

3.60%

5Y*

18.86%

10Y*

14.58%

SPXL

YTD

-25.30%

1M

-14.43%

6M

-24.19%

1Y

4.59%

5Y*

30.29%

10Y*

19.42%

*Annualized

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DDM vs. SPXL - Expense Ratio Comparison

DDM has a 0.95% expense ratio, which is lower than SPXL's 1.02% expense ratio.


Expense ratio chart for SPXL: current value is 1.02%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPXL: 1.02%
Expense ratio chart for DDM: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
DDM: 0.95%

Risk-Adjusted Performance

DDM vs. SPXL — Risk-Adjusted Performance Rank

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

DDM
The Risk-Adjusted Performance Rank of DDM is 2929
Overall Rank
The Sharpe Ratio Rank of DDM is 2626
Sharpe Ratio Rank
The Sortino Ratio Rank of DDM is 3232
Sortino Ratio Rank
The Omega Ratio Rank of DDM is 3232
Omega Ratio Rank
The Calmar Ratio Rank of DDM is 2727
Calmar Ratio Rank
The Martin Ratio Rank of DDM is 2727
Martin Ratio Rank

SPXL
The Risk-Adjusted Performance Rank of SPXL is 3737
Overall Rank
The Sharpe Ratio Rank of SPXL is 2929
Sharpe Ratio Rank
The Sortino Ratio Rank of SPXL is 4444
Sortino Ratio Rank
The Omega Ratio Rank of SPXL is 4545
Omega Ratio Rank
The Calmar Ratio Rank of SPXL is 3434
Calmar Ratio Rank
The Martin Ratio Rank of SPXL is 3232
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

DDM vs. SPXL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Dow30 (DDM) and Direxion Daily S&P 500 Bull 3X Shares (SPXL). 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.


The chart of Sharpe ratio for DDM, currently valued at 0.06, compared to the broader market-1.000.001.002.003.004.00
DDM: 0.06
SPXL: 0.11
The chart of Sortino ratio for DDM, currently valued at 0.33, compared to the broader market-2.000.002.004.006.008.00
DDM: 0.33
SPXL: 0.55
The chart of Omega ratio for DDM, currently valued at 1.04, compared to the broader market0.501.001.502.002.50
DDM: 1.04
SPXL: 1.08
The chart of Calmar ratio for DDM, currently valued at 0.06, compared to the broader market0.002.004.006.008.0010.0012.00
DDM: 0.06
SPXL: 0.12
The chart of Martin ratio for DDM, currently valued at 0.22, compared to the broader market0.0020.0040.0060.00
DDM: 0.22
SPXL: 0.44

The current DDM Sharpe Ratio is 0.06, which is lower than the SPXL Sharpe Ratio of 0.11. The chart below compares the historical Sharpe Ratios of DDM and SPXL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.06
0.11
DDM
SPXL

Dividends

DDM vs. SPXL - Dividend Comparison

DDM's dividend yield for the trailing twelve months is around 1.17%, more than SPXL's 1.07% yield.


TTM20242023202220212020201920182017201620152014
DDM
ProShares Ultra Dow30
1.17%1.00%0.27%0.83%0.18%0.31%0.62%0.89%0.68%1.69%1.23%0.78%
SPXL
Direxion Daily S&P 500 Bull 3X Shares
1.07%0.74%0.98%0.33%0.11%0.22%0.84%1.02%3.88%0.00%0.00%0.00%

Drawdowns

DDM vs. SPXL - Drawdown Comparison

The maximum DDM drawdown since its inception was -81.70%, which is greater than SPXL's maximum drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for DDM and SPXL. For additional features, visit the drawdowns tool.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-23.27%
-33.27%
DDM
SPXL

Volatility

DDM vs. SPXL - Volatility Comparison

The current volatility for ProShares Ultra Dow30 (DDM) is 24.10%, while Direxion Daily S&P 500 Bull 3X Shares (SPXL) has a volatility of 41.59%. This indicates that DDM experiences smaller price fluctuations and is considered to be less risky than SPXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%10.00%20.00%30.00%40.00%NovemberDecember2025FebruaryMarchApril
24.10%
41.59%
DDM
SPXL