{"url":"https://etfiq.com/compare/leverage/ddm-vs-sdow","section":"compare","title":"DDM vs SDOW: which held to its multiple? | ETFIQ","description":"DDM sets out to return +2 times DIA each day and SDOW -3 times. Over the three months to Sep 30, 2026 they finished \u22121.7 pts and +2.1 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, DDM or SDOW?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, DDM finished 1.7 points from what its multiple implies and SDOW finished 2.1 points from its own, so DDM came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are DDM and SDOW levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on the Dow 30, DDM at +2 times and SDOW at -3 times the daily move."}},{"@type":"Question","name":"Which one decays faster, DDM or SDOW?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window DDM\u2019s moved at 12% annualized and SDOW\u2019s at 12%, so DDM has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold DDM or SDOW for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, DDM or SDOW?","acceptedAnswer":{"@type":"Answer","text":"DDM charges 0.95% a year and SDOW charges 0.95%, so DDM is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"DDM vs SDOW","item":"https://etfiq.com/compare/leverage/ddm-vs-sdow"}]},{"@type":"WebPage","name":"DDM vs SDOW: which held to its multiple?","description":"DDM sets out to return +2 times DIA each day and SDOW -3 times. Over the three months to Sep 30, 2026 they finished \u22121.7 pts and +2.1 pts away.","url":"https://etfiq.com/compare/leverage/ddm-vs-sdow","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, DDM finished 1.4 points short and SDOW 4.0 points over.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of DDM and SDOW","description":"DDM sets out to return +2 times DIA each day and SDOW -3 times. Over the three months to Sep 30, 2026 they finished \u22121.7 pts and +2.1 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/ddm-vs-sdow","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6965,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / DDM vs SDOW \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n DDM vs SDOW: which held to its multiple?\n\n Over three months against its own daily promise, DDM finished 1.4 points short and SDOW 4.0 points over.\n Copy this for sharing \n \n ProShares Ultra Dow30 and ProShares UltraPro Short Dow30.\n\n Download as PDF \n\n \u22126.3% DDM returned, 3 months \n +9.1% SDOW returned, 3 months \n \u22121.7 pts DDM from its stated multiple \n +2.1 pts SDOW from its stated multiple \n\n ETFIQ Decay Resistance Score: SDOW scores higher\n Did it keep up with its own","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/ddm-vs-sdow","a":{"ticker":"DDM","name":"ProShares Ultra Dow30","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: DDM returned \u22126.3% where its own daily promise gave \u22124.9%, 1.4 points short.","url":"https://etfiq.com/funds/ddm","key_facts":[{"label":"What DIA did","value":"\u22122.3%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u22124.9%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u22126.3%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22121.4 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$502m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"485BPOS XBRL, Sep 25, 2026"}]},"b":{"ticker":"SDOW","name":"ProShares UltraPro Short Dow30","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SDOW returned +9.1% where its own daily promise gave +5.1%, 4.0 points over.","url":"https://etfiq.com/funds/sdow","key_facts":[{"label":"What DIA did","value":"\u22122.3%","as_of":"2026-09-30","source":null},{"label":"What \u22123 times a day gives","value":"+5.1%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+9.1%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+4.0 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$154m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"485BPOS XBRL, Sep 25, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/ddm-vs-sdow"}