DDM Stock: ProShares Ultra Dow30 ETF Profile & Analysis (2026)
ProShares Ultra Dow30 (DDM) is a leveraged exchange-traded fund designed to provide 2x the daily performance of the Dow Jones Industrial Average. — Updated May 2026 with current AUM, expense ratio, holdings, and performance data.
ProShares Ultra Dow30 (DDM) provides traders with a way to amplify their exposure to the 30 blue-chip stocks of the Dow Jones Industrial Average. By utilizing financial derivatives, DDM aims to return twice (2x) the daily percentage move of the DJIA index. While this allows for significant gains during steady uptrends, it also introduces substantial risks, particularly during periods of high volatility. Unlike standard index trackers, DDM is a tactical trading vehicle similar in risk profile to the TQQQ Stock Profile.
It is critical to understand that DDM is not a long-term investment. Due to its daily reset mechanism, “volatility decay” can cause the fund’s value to diverge significantly from the 2x target over periods longer than a single day. This fund is primarily utilized by sophisticated investors and tactical traders who are managing short-term positions. For those looking into sector-specific leverage, the LABU Stock Profile offers a look into biotech volatility, while investors seeking safety often move capital into the GLD Stock Profile during Dow downturns.
Key Takeaways — DDM Stock
DDM seeks to provide 200% of the daily return of the Dow Jones Industrial Average using index swaps and derivatives.
Due to daily compounding and volatility decay, DDM is strictly for short-term trading and NOT for long-term holding.
The underlying index tracks 30 major U.S. companies like Goldman Sachs and Microsoft, excluding utilities and transport.
With an average daily volume of 349K shares, it is liquid enough for retail traders but may have slippage for institutional blocks.
DDM — Live Price Chart
Real-time chart from TradingView.
DDM ETF Vitals & Key Statistics
Core data as of May 2026.
| Data Point | Value | Data Point | Value |
|---|---|---|---|
| Full Name | ProShares Ultra Dow30 | Ticker | DDM |
| Issuer | ProShares | Asset Class | 2x Leveraged Equity |
| Index Tracked | Dow Jones Industrial Average | Structure | Open-Ended Investment Company |
| Expense Ratio | 0.95% | AUM | $434M |
| Inception Date | June 19, 2006 | Exchange | AMEX |
| No. of Holdings | 45 | Dividend Yield | 0.90% |
| 52-Week High | $52.43 | 52-Week Low | $34.17 |
| Avg Daily Volume | 349K Shares | YTD Return | 5% |
| 1-Year Return | 37.97% | 5-Year Return | 14.14% |
| Category | Trading — Leveraged Equity | Dividend Frequency | Quarterly |
DDM Top 10 Holdings (May 2026)
Largest positions by weight. Click columns to sort.
| Rank | Ticker | Company Name | Sector | Weight % |
|---|---|---|---|---|
| 1 | GS | Goldman Sachs Group | Financials | 8.71% |
| 2 | CAT | Caterpillar Inc. | Industrials | 7.29% |
| 3 | UNH | UnitedHealth Group | Healthcare | 8.50% |
| 4 | MSFT | Microsoft Corp. | Technology | 6.80% |
| 5 | AMGN | Amgen Inc. | Healthcare | 3.62% |
| 6 | HD | Home Depot Inc. | Consumer Discretionary | 3.39% |
| 7 | V | Visa Inc. | Financials | 3.11% |
| 8 | MCD | McDonald’s Corp. | Consumer Discretionary | 2.90% |
| 9 | CRM | Salesforce Inc. | Technology | 2.70% |
| 10 | BA | Boeing Co. | Industrials | 2.50% |
DDM — Pros & Cons
✓ Magnified Gains
Provides double the daily upside when the Dow Jones Industrial Average is trending higher.
✗ Volatility Decay
The daily reset mechanism causes the fund to lose value in choppy, sideways markets regardless of index direction.
✓ Blue-Chip Quality
Leverages the performance of high-quality, large-cap U.S. companies across diverse industries.
✗ High Expense Ratio
At 0.95%, the cost is significantly higher than standard 1x ETFs like DIA (0.16%).
✓ Capital Efficiency
Allows traders to gain larger market exposure while committing less cash capital upfront.
✗ Compounding Risk
In a declining market, losses are compounded daily, which can lead to a rapid depletion of capital.
Who Should Consider DDM?
Short-term tactical traders and day traders who expect a strong upward move in Dow blue-chips over a few days.
Long-term retirement accounts, conservative investors, or “set-and-forget” buy-and-hold strategies.
You have a high risk tolerance and the ability to monitor your position daily to avoid severe compounding drawdowns.
Standard brokerage accounts are best; the SQQQ Stock Profile may be useful for hedging these same accounts.
DDM vs Similar ETFs
Key metrics comparison.
| ETF | Full Name | Expense Ratio | AUM | Holdings | Div Yield | YTD | Best For |
|---|---|---|---|---|---|---|---|
| DDM ★ | ProShares Ultra Dow30 | 0.95% | $434M | 45 | 0.90% | 5% | 2x Daily Bullish Dow Trading |
| UDOW | ProShares UltraPro Dow30 | 0.95% | $650M | 48 | 0.75% | 7.2% | 3x Aggressive Day Trading |
| DIA | SPDR Dow Jones Industrial Trust | 0.16% | $32B | 30 | 1.75% | 2.5% | Long-Term Dow Exposure |
| DOG | ProShares Short Dow30 | 0.95% | $210M | 32 | 0.00% | -4.1% | Inverse 1x Dow Hedging |
DDM Technical Analysis
Real-time buy/sell signals.
DDM — Risks & Considerations
Daily Reset & Compounding
Because the 2x target is reset daily, the returns over longer periods can differ drastically from the underlying index performance.
Volatility Decay
In high-volatility environments, the math of daily leverage causes the fund value to erode even if the index eventually returns to its starting point.
Liquidity and Slippage
With lower volume than flagship funds, DDM can experience wider bid-ask spreads, making entry and exit more expensive during market stress.
Leverage Risk
DDM is designed to lose double the daily loss of the Dow. A sudden 10% market crash could result in a 20% loss for DDM holders in a single day.