# DDM (ProShares Ultra Dow30)

ProShares · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: DDM returned +4.4% where its own daily promise gave +5.5%, 1.1 points short.

## Key facts

- DDM, what DIA did: +2.9%, as of Sep 11, 2026.
- DDM, what +2 times a day gives: +5.5%, as of Sep 11, 2026.
- DDM, what the fund returned: +4.4%, as of Sep 11, 2026.
- DDM, the fund itself cost: −1.1 pts, as of Sep 11, 2026.
- DDM, net assets: $567m (issuer page, as of Sep 11, 2026).
- DDM, expense ratio: 0.95% (485BPOS XBRL, Sep 23, 2025).

## DDM over each window to Sep 11, 2026

| Window | Fund | DIA | +2x the move | Difference | DIA moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −4.5% | −2.0% | −4.1% | −0.5 pts | 10% |
| 3 months | +4.4% | +2.9% | +5.7% | −1.4 pts | 11% |
| 6 months | +24.7% | +13.5% | +27.0% | −2.3 pts | 13% |
| 1 year | +24.6% | +15.6% | +31.1% | −6.5 pts | 12% |
| 3 years | +98.5% | +58.9% | +117.9% | −19.4 pts | 14% |
| Since launch | +1871.6% | +606.4% | not meaningful over this window | not meaningful over this window | 16% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of DIA, reset daily | ETFIQ |
| Multiple a holder actually got over the window | DIA moved +2.9% over this window, too little to read a multiple from | ETFIQ |
| Underlying | DIA | ETFIQ |
| Segment | broad index, us large cap | ETFIQ |
| Net assets | $567m | issuer page, as of Sep 11, 2026 |
| Expense ratio | 0.95% | 485BPOS XBRL, Sep 23, 2025 |
| Launched | Jan 4, 2010 | ETFIQ |
| Underlying volatility over the window | 11% annualized | ETFIQ |

## Questions

### Did DDM return +2 times DIA?

Over the window to Sep 11, 2026, DIA moved +2.9% and DDM returned +4.4%. 2 times that move is +5.7%, so the fund came out 1.4 points short of it.

### Why does DDM not return +2 times over a year?

Because it resets daily. DDM aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, DDM, data as of Sep 11, 2026. https://etfiq.com/funds/DDM
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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