LQQ.PA vs. DDM

Last updated Jun 16, 2026

LQQ.PA (Lyxor UCITS NASDAQ-100 Daily Leverage) and DDM (ProShares Ultra Dow30) are both exchange-traded funds - LQQ.PA is a Nasdaq-100 fund tracking the Nasdaq 100® Leverage (2x) index, while DDM is a Leveraged Equities fund tracking the Dow Jones Industrial Average Index (200%). Both are passively managed. Over the past 3 years, LQQ.PA returned 42.81%/yr vs 22.76%/yr for DDM. At a 0.34 correlation, their price movements are largely independent. LQQ.PA charges 0.60%/yr vs 0.95%/yr for DDM.

Performance

LQQ.PA vs. DDM - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Lyxor UCITS NASDAQ-100 Daily Leverage (LQQ.PA) and ProShares Ultra Dow30 (DDM). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LQQ.PA is traded in EUR, while DDM is traded in USD. To make them comparable, the DDM values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, LQQ.PA achieves a 40.35% return, which is significantly higher than DDM's 14.94% return.

LQQ.PA

• 1D: 5.42%
• 1M: 8.04%
• YTD: 40.35%
• 6M: 42.90%
• 1Y: 81.16%
• 3Y*: 42.81%
• 5Y*: —
• 10Y*: —

DDM

• 1D: 1.84%
• 1M: 9.13%
• YTD: 14.94%
• 6M: 12.99%
• 1Y: 43.52%
• 3Y*: 22.76%
• 5Y*: 14.49%
• 10Y*: 19.77%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LQQ.PA vs. DDM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LQQ.PA Lyxor UCITS NASDAQ-100 Daily Leverage	40.35%	14.16%	57.00%	75.85%
DDM ProShares Ultra Dow30	14.94%	6.28%	29.63%	26.65%

Correlation

The correlation between LQQ.PA and DDM is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (All Time) Calculated using the full available price history since Mar 10, 2023	0.34

Return for Risk

LQQ.PA vs. DDM — Risk / Return Rank

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

LQQ.PA

LQQ.PA Risk / Return Rank: 76
LQQ.PA Sharpe Ratio Rank: 86
LQQ.PA Sortino Ratio Rank: 76
LQQ.PA Omega Ratio Rank: 75
LQQ.PA Calmar Ratio Rank: 78
LQQ.PA Martin Ratio Rank: 67

DDM

DDM Risk / Return Rank: 54
DDM Sharpe Ratio Rank: 58
DDM Sortino Ratio Rank: 57
DDM Omega Ratio Rank: 52
DDM Calmar Ratio Rank: 50
DDM Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LQQ.PA vs. DDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor UCITS NASDAQ-100 Daily Leverage (LQQ.PA) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	LQQ.PA	DDM	Difference
Sharpe ratio: Return per unit of total volatility	2.50	1.81	+0.69
Sortino ratio: Return per unit of downside risk	3.08	2.43	+0.64
Omega ratio: Gain probability vs. loss probability	1.40	1.31	+0.09
Calmar ratio: Return relative to maximum drawdown	3.65	2.58	+1.07
Martin ratio: Return relative to average drawdown	11.21	9.52	+1.68

LQQ.PA vs. DDM - Sharpe Ratio Comparison

The current LQQ.PA Sharpe Ratio is 2.50, which is higher than the DDM Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of LQQ.PA and DDM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LQQ.PA vs. DDM - Drawdown Comparison

The maximum LQQ.PA drawdown since its inception was -44.66%, smaller than the maximum DDM drawdown of -79.52%. Use the drawdown chart below to compare losses from any high point for LQQ.PA and DDM.

Drawdown Indicators

	LQQ.PA	DDM	Difference
Max Drawdown Largest peak-to-trough decline	-44.66%	-79.52%	+34.86%
Max Drawdown (1Y) Largest decline over 1 year	-21.88%	-16.96%	-4.92%
Max Drawdown (3Y) Largest decline over 3 years	-44.66%	-36.41%	-8.25%
Max Drawdown (5Y) Largest decline over 5 years	—	-36.41%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-62.63%	—
Current Drawdown Current decline from peak	-1.10%	0.00%	-1.10%
Average Drawdown Average peak-to-trough decline	-7.19%	-17.77%	+10.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.17%	4.58%	+2.59%

Volatility

LQQ.PA vs. DDM - Volatility Comparison

Lyxor UCITS NASDAQ-100 Daily Leverage (LQQ.PA) has a higher volatility of 12.35% compared to ProShares Ultra Dow30 (DDM) at 8.07%. This indicates that LQQ.PA's price experiences larger fluctuations and is considered to be riskier than DDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LQQ.PA	DDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.35%	8.07%	+4.28%
Volatility (6M) Calculated over the trailing 6-month period	24.49%	18.95%	+5.54%
Volatility (1Y) Calculated over the trailing 1-year period	32.04%	24.20%	+7.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.49%	28.89%	+6.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.49%	34.68%	+0.81%

LQQ.PA vs. DDM - Expense Ratio Comparison

LQQ.PA has a 0.60% expense ratio, which is lower than DDM's 0.95% expense ratio.

Dividends

LQQ.PA vs. DDM - Dividend Comparison

LQQ.PA has not paid dividends to shareholders, while DDM's dividend yield for the trailing twelve months is around 0.88%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DDM ProShares Ultra Dow30	0.88%	0.94%	1.00%	0.27%	0.83%	0.18%	0.31%	0.62%	0.89%	0.68%	1.08%	1.23%
LQQ.PA Lyxor UCITS NASDAQ-100 Daily Leverage	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LQQ.PA and DDM in my portfolio?

LQQ.PA and DDM have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LQQ.PA or DDM?

On fees, LQQ.PA is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LQQ.PA or DDM?

LQQ.PA is cheaper with a 0.60% expense ratio, compared with 0.95% for DDM.

What is the main difference between LQQ.PA and DDM?

LQQ.PA is categorized as Nasdaq-100, while DDM is Leveraged Equities. LQQ.PA tracks Nasdaq 100® Leverage (2x) index, while DDM tracks Dow Jones Industrial Average Index (200%). They also come from different issuers: Amundi and ProShares. Their fees differ too: 0.60% for LQQ.PA and 0.95% for DDM.