DDM vs QQQ
ProShares Ultra Dow30 vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. DDM delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | DDM | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.18% | |
| AUM | $565M | $496.3B | |
| Dividend Yield | 0.93% | 0.44% | |
| Holdings | 43 | 108 | |
| YTD Return | +19.12% | +17.89% | |
| 1Y Return | +32.49% | +26.35% | |
| 3Y Return (annualized) | +27.46% | +26.02% | |
| 5Y Return (annualized) | +13.19% | +14.59% | |
| Volatility (annualized) | 30.1% | 30.6% | |
| Max Drawdown | -82.8% | -83.0% | |
| Fund Family | ProShares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 19, 2006 | Mar 10, 1999 |
DDM vs QQQ Performance
ProShares Ultra Dow30 (DDM) is a ETF from ProShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year DDM returned +32.49% while QQQ returned +26.35%. Year to date, DDM is up 19.12% versus a gain of 17.89% for QQQ.
Over three years, DDM compounded at +27.46% per year against +26.02% for QQQ; over five years the annualized figures are +13.19% and +14.59% respectively. Across the full 20-year window we track, QQQ has the edge at +13.07% annualized vs +13.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 30.1% for DDM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -82.8% for DDM and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DDM charges 0.95% per year while QQQ charges 0.18%. On a $10,000 position that is $95 vs $18 annually, a gap of $77 per year that compounds over a long holding period. On income, DDM currently yields 0.93% against 0.44% for QQQ.
Holdings Overlap
DDM and QQQ share 9 holdings out of 124 unique holdings combined, representing a 14.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DDM or QQQ?
DDM has an expense ratio of 0.95% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $77 per year of difference.
Which performed better, DDM or QQQ?
Over the past year DDM returned +32.49% vs +26.35% for QQQ, so DDM leads on 1-year performance. Over the longest common window we track (20 years), DDM annualized +13.03% vs +13.07% for QQQ. Past performance does not guarantee future results.
Which is riskier, DDM or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 30.1% for DDM. Worst drawdown: DDM -82.8% vs QQQ -83.0%.
Should I hold both DDM and QQQ?
DDM and QQQ have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DDM and QQQ?
DDM and QQQ share 9 common holdings with a 14.5% weight overlap. Combined, they hold 124 unique securities.
Which pays a higher dividend, DDM or QQQ?
DDM yields 0.93% while QQQ yields 0.44%, so DDM currently pays the higher dividend yield.
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