IWDL vs. DDM
Compare and contrast key facts about ETRACS 2x Leveraged US Value Factor TR ETN (IWDL) and ProShares Ultra Dow30 (DDM).
IWDL and DDM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWDL is a passively managed fund by UBS that tracks the performance of the Russell 1000 Value (200%). It was launched on Feb 5, 2021. 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. Both IWDL and DDM 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
IWDL vs. DDM - Performance Comparison
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IWDL vs. DDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IWDL ETRACS 2x Leveraged US Value Factor TR ETN | 3.56% | 25.02% | 20.68% | 13.50% | -21.27% | 40.35% |
DDM ProShares Ultra Dow30 | -7.34% | 20.59% | 21.60% | 24.34% | -19.48% | 37.12% |
Returns By Period
In the year-to-date period, IWDL achieves a 3.56% return, which is significantly higher than DDM's -7.34% return.
IWDL
- 1D
- 1.47%
- 1M
- -8.63%
- YTD
- 3.56%
- 6M
- 9.75%
- 1Y
- 26.48%
- 3Y*
- 21.30%
- 5Y*
- 11.19%
- 10Y*
- —
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%
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IWDL vs. DDM - Expense Ratio Comparison
Both IWDL and DDM have an expense ratio of 0.95%.
Return for Risk
IWDL vs. DDM — Risk / Return Rank
IWDL
DDM
IWDL vs. DDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS 2x Leveraged US Value Factor TR ETN (IWDL) and ProShares Ultra Dow30 (DDM). 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.
| IWDL | DDM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 0.49 | +0.30 |
Sortino ratioReturn per unit of downside risk | 1.29 | 0.92 | +0.37 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.13 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.08 | 0.77 | +0.31 |
Martin ratioReturn relative to average drawdown | 5.01 | 2.63 | +2.38 |
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
| IWDL | DDM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.49 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.36 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.37 | +0.10 |
Correlation
The correlation between IWDL and DDM is 0.92, 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
IWDL vs. DDM - Dividend Comparison
IWDL has not paid dividends to shareholders, while DDM's dividend yield for the trailing twelve months is around 1.08%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWDL ETRACS 2x Leveraged US Value Factor TR ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Drawdowns
IWDL vs. DDM - Drawdown Comparison
The maximum IWDL drawdown since its inception was -37.95%, smaller than the maximum DDM drawdown of -81.70%. Use the drawdown chart below to compare losses from any high point for IWDL and DDM.
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Drawdown Indicators
| IWDL | DDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.95% | -81.70% | +43.75% |
Max Drawdown (1Y)Largest decline over 1 year | -23.92% | -20.92% | -3.00% |
Max Drawdown (5Y)Largest decline over 5 years | -37.95% | -40.18% | +2.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.13% | — |
Current DrawdownCurrent decline from peak | -8.63% | -14.36% | +5.73% |
Average DrawdownAverage peak-to-trough decline | -10.90% | -17.44% | +6.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.15% | 6.12% | -0.97% |
Volatility
IWDL vs. DDM - Volatility Comparison
The current volatility for ETRACS 2x Leveraged US Value Factor TR ETN (IWDL) is 8.67%, while ProShares Ultra Dow30 (DDM) has a volatility of 9.85%. This indicates that IWDL experiences smaller price fluctuations and is considered to be less risky than DDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWDL | DDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.67% | 9.85% | -1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 18.10% | 18.54% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.75% | 33.55% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.32% | 29.42% | +0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.24% | 34.69% | -4.45% |