DDM
DDM is an exchange-traded fund (ETF) managed by ProShares. It seeks to provide investment results that correspond to twice (2x) the daily performance of the Dow Jones Industrial Average (DJIA). It is designed to amplify returns for investors who expect the DJIA to increase in value.
Asset Summary
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Asset Performance Metrics and Risk Characteristics:
Metrics below use daily returns for Jan 1, 2026 – Jun 17, 2026 (YTD).
Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.
1 Month Trailing Return
9.49%
Represents the percentage change in asset value over the past month.
3 Month Trailing Return
20.67%
Indicates the percentage change in asset value over the last three months.
Period Max Drawdown
19.55%
The highest percentage drop from the peak value to the lowest point during the observed period.
Standard Deviation
28.80%
Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.
Sharpe Ratio
1.09
Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.
Calmar Ratio
1.61
The ratio of the annualized return to the maximum drawdown, reflecting the return per unit of risk.
Asset Technical Analysis
Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. Using indicators such as moving averages, pivot levels, momentum studies, and candlestick pattern scans can clarify trend strength and volatility. The tabs below summarize moving averages, pivots, technical indicators, candlestick patterns, and recent prices for this symbol.
Analysis
Moving Averages
Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:
| Type/Period | |
|---|---|
| SMA | |
| EMA | |
| WMA | |
| WEMA |
- SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
- EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
- WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
- WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.
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Start Optimizing NowFrequently Asked Questions
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DDM aims to provide twice the daily performance of the DJIA. It does not seek to match this performance over longer periods due to the effects of daily rebalancing and compounding. Therefore, while DDM seeks to achieve 2x the daily return of the DJIA, its performance over longer periods may vary significantly.
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Factors affecting DDM’s performance include changes in the DJIA, market conditions, and the effectiveness of the fund’s derivatives strategy. Additionally, the effects of daily rebalancing and compounding can lead to performance deviations over periods longer than one day.
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Risks include high volatility and the potential for significant losses if the DJIA decreases in value. Due to its leverage, DDM may experience greater fluctuations compared to the DJIA. Additionally, because DDM is designed to provide 2x daily performance, its returns over periods longer than one day may differ from twice the index's performance due to compounding effects.
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Similar ETFs to DDM include DOG (ProShares Short Dow30), which aims to provide the inverse performance of the DJIA, and other leveraged ETFs such as UDOW (ProShares UltraPro Dow30), which targets three times (3x) the daily performance of the DJIA.
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DDM typically distributes dividends on a quarterly basis. These dividends are derived from the income generated by the underlying securities and derivatives held by the ETF.
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Key performance metrics for DDM include its net asset value (NAV), expense ratio, total return, and tracking error. NAV reflects the per-share value of the ETF, the expense ratio shows the cost of managing the fund, total return indicates the ETF’s performance including dividends, and tracking error measures how closely the fund’s performance aligns with its investment objective.
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DDM is actively managed to achieve its objective of delivering twice the daily performance of the DJIA. The fund uses financial derivatives, such as futures contracts and swaps, to leverage its exposure. This means that if the DJIA increases by 1% in a day, DDM aims to increase by 2%, and vice versa.
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DDM specifically targets twice the daily performance of the Dow Jones Industrial Average. Other leveraged ETFs might focus on different indices, such as the S&P 500 or Nasdaq-100, or might use different levels of leverage. Each leveraged ETF has distinct characteristics based on its target index and leverage strategy.
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Yes, DDM can be held in retirement accounts such as IRAs or 401(k)s. However, due to its high risk and speculative nature, it is important to consider whether it aligns with the investor’s long-term retirement strategy.
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Investors can purchase shares of DDM through a brokerage account. It is traded on major stock exchanges under the ticker symbol "DDM," and can be bought and sold like other stocks and ETFs.
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Disclaimers
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