# DDM (ProShares Ultra Dow30)

ProShares · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: DDM returned −6.3% where its own daily promise gave −4.9%, 1.4 points short.

## Key facts

- DDM, what DIA did: −2.3%, as of Sep 30, 2026.
- DDM, what 2 times a day gives: −4.9%, as of Sep 30, 2026.
- DDM, what the fund returned: −6.3%, as of Sep 30, 2026.
- DDM, the fund itself cost: −1.4 pts, as of Sep 30, 2026.
- DDM, net assets: $502m (issuer page, as of Sep 30, 2026).
- DDM, expense ratio: 0.95% (485BPOS XBRL, Sep 25, 2026).

## DDM over each window to Sep 30, 2026

| Window | Fund | DIA | +2x the move | Difference | DIA moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −8.8% | −4.1% | −8.2% | −0.5 pts | 11% |
| 3 months | −6.3% | −2.3% | −4.6% | −1.7 pts | 12% |
| 6 months | +17.1% | +10.0% | +20.1% | −3.0 pts | 12% |
| 1 year | +15.3% | +11.3% | +22.6% | −7.3 pts | 13% |
| 3 years | +99.2% | +59.3% | +118.6% | −19.4 pts | 14% |
| Since launch | +1743.8% | +584.8% | 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 −2.3% over this window, too little to read a multiple from | ETFIQ |
| Underlying | DIA | ETFIQ |
| Segment | broad index, US large cap | ETFIQ |
| Net assets | $502m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 0.95% | 485BPOS XBRL, Sep 25, 2026 |
| Launched | Jan 4, 2010 | ETFIQ |
| Underlying volatility over the window | 12% annualized | ETFIQ |

## Questions

### Did DDM return +2 times DIA?

Over the window to Sep 30, 2026, DIA moved −2.3% and DDM returned −6.3%. 2 times that move is −4.6%, so the fund came out 1.7 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 30, 2026. https://etfiq.com/funds/ddm
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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