DDM vs. XTAP
Compare and contrast key facts about ProShares Ultra Dow30 (DDM) and Innovator U.S. Equity Accelerated Plus ETF (XTAP).
DDM and XTAP 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. XTAP is an actively managed fund by Innovator. It was launched on Apr 1, 2021.
Performance
DDM vs. XTAP - Performance Comparison
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DDM vs. XTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DDM ProShares Ultra Dow30 | -8.18% | 20.59% | 21.60% | 24.34% | -19.48% | 20.62% |
XTAP Innovator U.S. Equity Accelerated Plus ETF | 1.66% | 17.58% | 14.26% | 23.46% | -14.68% | 11.87% |
Returns By Period
In the year-to-date period, DDM achieves a -8.18% return, which is significantly lower than XTAP's 1.66% 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%
XTAP
- 1D
- 0.08%
- 1M
- 0.65%
- YTD
- 1.66%
- 6M
- 4.34%
- 1Y
- 16.29%
- 3Y*
- 16.22%
- 5Y*
- —
- 10Y*
- —
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DDM vs. XTAP - Expense Ratio Comparison
DDM has a 0.95% expense ratio, which is higher than XTAP's 0.79% expense ratio.
Return for Risk
DDM vs. XTAP — Risk / Return Rank
DDM
XTAP
DDM vs. XTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Dow30 (DDM) and Innovator U.S. Equity Accelerated Plus ETF (XTAP). 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 | XTAP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.45 | 1.14 | -0.69 |
Sortino ratioReturn per unit of downside risk | 0.87 | 1.76 | -0.89 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.44 | -0.33 |
Calmar ratioReturn relative to maximum drawdown | 0.83 | 1.43 | -0.60 |
Martin ratioReturn relative to average drawdown | 2.88 | 9.78 | -6.90 |
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 | XTAP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 1.14 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.69 | -0.32 |
Correlation
The correlation between DDM and XTAP is 0.81, 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. XTAP - Dividend Comparison
DDM's dividend yield for the trailing twelve months is around 1.09%, while XTAP has not paid dividends to shareholders.
| 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% |
XTAP Innovator U.S. Equity Accelerated Plus ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DDM vs. XTAP - Drawdown Comparison
The maximum DDM drawdown since its inception was -81.70%, which is greater than XTAP's maximum drawdown of -22.13%. Use the drawdown chart below to compare losses from any high point for DDM and XTAP.
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Drawdown Indicators
| DDM | XTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.70% | -22.13% | -59.57% |
Max Drawdown (1Y)Largest decline over 1 year | -20.92% | -11.83% | -9.09% |
Max Drawdown (5Y)Largest decline over 5 years | -40.18% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -63.13% | — | — |
Current DrawdownCurrent decline from peak | -15.14% | 0.00% | -15.14% |
Average DrawdownAverage peak-to-trough decline | -17.44% | -3.57% | -13.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.05% | 1.73% | +4.32% |
Volatility
DDM vs. XTAP - Volatility Comparison
ProShares Ultra Dow30 (DDM) has a higher volatility of 9.81% compared to Innovator U.S. Equity Accelerated Plus ETF (XTAP) at 0.77%. This indicates that DDM's price experiences larger fluctuations and is considered to be riskier than XTAP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DDM | XTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.81% | 0.77% | +9.04% |
Volatility (6M)Calculated over the trailing 6-month period | 18.52% | 2.52% | +16.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.60% | 14.33% | +19.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.42% | 14.60% | +14.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.70% | 14.60% | +20.10% |