Data as of .
DDM vs DOG: which held to its multiple?
Over three months against its own daily promise, DDM finished 1.1 points short and DOG 1.4 points over.
ETFIQ Decay Resistance Score: DDM scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 391 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| DDM | DOG | DDM | DOG | DDM | DOG | |
| 1 month | −4.5% | +2.5% | −4.1% | +2.0% | −0.5 pts | +0.5 pts |
| 3 months | +4.4% | −1.7% | +5.7% | −2.9% | −1.4 pts | +1.1 pts |
| 6 months | +24.7% | −10.0% | +27.0% | −13.5% | −2.3 pts | +3.5 pts |
| 1 year | +24.6% | −9.1% | +31.1% | −15.6% | −6.5 pts | +6.5 pts |
| 3 years | +98.5% | −24.3% | +117.9% | −58.9% | −19.4 pts | +34.7 pts |
| Since launch | +1871.6% | −87.5% | not meaningful | not meaningful | not meaningful | not meaningful |
| DDM ProShares Ultra Dow30 Aims to return twice the daily move of the Dow 30 | DOG ProShares Short Dow30 Aims to return 1 times the opposite of the daily move of the Dow 30 | |
|---|---|---|
| Issuer | ProShares | ProShares |
| Sets out to return | +2x | -1x |
| On | DIA | DIA |
| Segment | us large cap | us large cap |
| Fund returned, 3 months | +4.4% | −1.7% |
| Underlying returned, 3 months | +2.9% | +2.9% |
| What the stated multiple implies, 3 months | +5.7% | −2.9% |
| Difference from stated, 3 months | −1.4 pts | +1.1 pts |
| Fund returned, 1 year or since launch | +24.6% | −9.1% |
| Difference from stated, over that window | −6.5 pts | +6.5 pts |
| Underlying volatility | 11% | 11% |
| Expense ratio | 0.95% | not published |
| Launched | Jan 4, 2010 | Jan 4, 2010 |
DDM in plain words
Three months to Sep 11, 2026: DDM returned +4.4% where its own daily promise gave +5.5%, 1.1 points short. Read the multiple against the whole window instead and +2 times DIA's 2.9% implies +5.7%, which makes DDM look 1.4 points short. 0.2 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. DDM aims to return +2 times DIA's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. DIA moved at 11% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
DOG in plain words
Three months to Sep 11, 2026: DOG returned −1.7% where its own daily promise gave −3.1%, 1.4 points over. Read the multiple against the whole window instead and −1 times DIA's 2.9% implies −2.9%, which makes DOG look 1.1 points over. 0.2 of that is daily compounding, which happens to any −1 times fund over the same path, and the rest is the fund. DOG aims to return -1 times DIA's move each day, then resets. Over longer, the daily results compound, so the total is not -1 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more.
Questions people ask
- Which came closer to its stated multiple, DDM or DOG?
- Over the window to Sep 11, 2026, DDM finished 1.4 points from what its multiple implies and DOG finished 1.1 points from its own, so DOG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are DDM and DOG levered on the same thing?
- Yes. Both are levered on the Dow 30, DDM at +2 times and DOG at -1 times the daily move.
- Which one decays faster, DDM or DOG?
- Decay follows how much the underlying moves about. Over this window DDM’s moved at 11% annualized and DOG’s at 11%, so DDM has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold DDM or DOG for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, DDM against DOG, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/DDM-DOG Free to use with attribution; the underlying files are at Open data.