DDM vs. ^SP500TR
Compare and contrast key facts about ProShares Ultra Dow30 (DDM) and S&P 500 Total Return (^SP500TR).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DDM or ^SP500TR.
Key characteristics
| DDM | ^SP500TR | |
|---|---|---|
| YTD Return | 1.24% | 7.38% |
| 1Y Return | 22.52% | 25.25% |
| 3Y Return (Ann) | 5.21% | 8.49% |
| 5Y Return (Ann) | 11.12% | 13.54% |
| 10Y Return (Ann) | 16.38% | 12.60% |
| Sharpe Ratio | 1.31 | 2.36 |
| Daily Std Dev | 20.13% | 11.75% |
| Max Drawdown | -81.70% | -55.25% |
| Current Drawdown | -8.30% | -2.87% |
Correlation
The correlation between DDM and ^SP500TR is 0.94, 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.
Performance
DDM vs. ^SP500TR - Performance Comparison
In the year-to-date period, DDM achieves a 1.24% return, which is significantly lower than ^SP500TR's 7.38% return. Over the past 10 years, DDM has outperformed ^SP500TR with an annualized return of 16.38%, while ^SP500TR has yielded a comparatively lower 12.60% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
DDM vs. ^SP500TR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Dow30 (DDM) and S&P 500 Total Return (^SP500TR). 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.
Drawdowns
DDM vs. ^SP500TR - Drawdown Comparison
The maximum DDM drawdown since its inception was -81.70%, which is greater than ^SP500TR's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for DDM and ^SP500TR. For additional features, visit the drawdowns tool.
Volatility
DDM vs. ^SP500TR - Volatility Comparison
ProShares Ultra Dow30 (DDM) has a higher volatility of 6.12% compared to S&P 500 Total Return (^SP500TR) at 3.64%. This indicates that DDM's price experiences larger fluctuations and is considered to be riskier than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.