SPUU vs. DDM
Compare and contrast key facts about Direxion Daily S&P 500 Bull 2x Shares (SPUU) and ProShares Ultra Dow30 (DDM).
SPUU and DDM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPUU is a passively managed fund by Direxion that tracks the performance of the S&P 500 Index (200%). It was launched on May 28, 2014. 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 SPUU 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPUU or DDM.
Correlation
The correlation between SPUU and DDM is 0.88, 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
SPUU vs. DDM - Performance Comparison
Key characteristics
SPUU:
2.09
DDM:
1.22
SPUU:
2.63
DDM:
1.76
SPUU:
1.36
DDM:
1.22
SPUU:
3.06
DDM:
2.25
SPUU:
12.81
DDM:
6.31
SPUU:
4.02%
DDM:
4.35%
SPUU:
24.60%
DDM:
22.53%
SPUU:
-59.35%
DDM:
-81.70%
SPUU:
-5.01%
DDM:
-9.55%
Returns By Period
In the year-to-date period, SPUU achieves a 47.31% return, which is significantly higher than DDM's 23.63% return. Over the past 10 years, SPUU has outperformed DDM with an annualized return of 20.20%, while DDM has yielded a comparatively lower 16.50% annualized return.
SPUU
47.31%
-0.57%
15.04%
48.18%
21.30%
20.20%
DDM
23.63%
-2.80%
17.07%
25.41%
12.49%
16.50%
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SPUU vs. DDM - Expense Ratio Comparison
SPUU has a 0.64% expense ratio, which is lower than DDM's 0.95% expense ratio.
Risk-Adjusted Performance
SPUU vs. DDM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P 500 Bull 2x Shares (SPUU) 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.
Dividends
SPUU vs. DDM - Dividend Comparison
SPUU's dividend yield for the trailing twelve months is around 0.47%, less than DDM's 0.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPUU Direxion Daily S&P 500 Bull 2x Shares | 0.47% | 0.83% | 0.88% | 3.04% | 8.03% | 1.80% | 5.50% | 6.96% | 8.08% | 1.26% | 0.00% | 0.00% |
DDM ProShares Ultra Dow30 | 0.80% | 0.27% | 0.83% | 0.18% | 0.31% | 0.62% | 0.89% | 0.68% | 1.69% | 1.23% | 0.78% | 0.39% |
Drawdowns
SPUU vs. DDM - Drawdown Comparison
The maximum SPUU drawdown since its inception was -59.35%, smaller than the maximum DDM drawdown of -81.70%. Use the drawdown chart below to compare losses from any high point for SPUU and DDM. For additional features, visit the drawdowns tool.
Volatility
SPUU vs. DDM - Volatility Comparison
Direxion Daily S&P 500 Bull 2x Shares (SPUU) and ProShares Ultra Dow30 (DDM) have volatilities of 7.51% and 7.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.