ProShares Ultra Dow30 (DDM) Performance
DDM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +13.6% since Dec 31, 2025
- 1 year
- +19.5% total return
- 5 years
- +11.6% a year
- 10 years
- +19.4% a year
- Since first price
- +14.1% a year since 2006
DDM trailing returns vs SPY, QQQ, AGG
| Period | DDM total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +2.1% | +2.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.7% | +0.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +9.6% | +9.1% | +7.8% | +8.4% | −1.5% |
| YTD | +13.6% | +12.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +19.5% | +18.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +116.7%+29.4%/yr | +109.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +73.3%+11.6%/yr | +66.2% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +490.3%+19.4%/yr | +448.5% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +1,465.4%+20.1%/yr | +1,269.5% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +1,145.7%+13.4%/yr | +808.2% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionJun 21, 2006 | +1,369.8%+14.1%/yr | +971.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: DDM vs SPY
From Jun 21, 2006: DDM grew to $146,983, SPY to $88,014.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
DDM returns by calendar year
15 of 19 full years positive. Best 2013 (+64.7%), worst 2008 (−61.8%). 2026 is year to date.
DDM annual returns table
| Year | DDM | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +13.6% | −19.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +20.6% | −30.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +21.6% | −12.2% | +24.9% | +25.6% | +1.3% |
| 2023 | +24.3% | −18.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −19.5% | −40.2% | −18.2% | −32.6% | −13.0% |
| 2021 | +42.0% | −12.6% | +28.7% | +27.4% | −1.8% |
| 2020 | +2.1% | −63.1% | +18.3% | +48.6% | +7.5% |
| 2019 | +48.0% | −13.4% | +31.2% | +39.0% | +8.5% |
| 2018 | −13.5% | −34.6% | −4.6% | −0.1% | +0.1% |
| 2017 | +59.6% | −6.6% | +21.7% | +32.7% | +3.6% |
| 2016 | +34.2% | −16.8% | +12.0% | +7.1% | +2.4% |
| 2015 | −3.3% | −26.4% | +1.2% | +9.4% | +0.5% |
| 2014 | +18.0% | −13.4% | +13.5% | +19.2% | +6.0% |
| 2013 | +64.7% | −11.1% | +32.3% | +36.6% | −2.0% |
| 2012 | +17.7% | −16.6% | +16.0% | +18.1% | +3.8% |
| 2011 | +10.4% | −31.6% | +1.9% | +3.4% | +7.7% |
| 2010 | +25.3% | −25.6% | +15.1% | +19.9% | +6.4% |
| 2009 | +39.7% | −47.7% | +26.4% | +54.7% | +3.0% |
| 2008 | −61.8% | −70.1% | −36.8% | −41.7% | +7.9% |
| 2007 | +8.6% | −19.3% | +5.1% | +19.0% | +6.6% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
DDM largest drawdowns
Now 8.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 9, 2007 | −81.7% | Mar 9, 2009 | May 7, 2013 | 1.4 years | 5.6 years |
| Feb 12, 2020 | −63.1% | Mar 23, 2020 | Feb 8, 2021 | 40 days | 12 months |
| Jan 4, 2022 | −40.2% | Sep 30, 2022 | Jan 29, 2024 | 9 months | 2.1 years |
| Oct 3, 2018 | −34.6% | Dec 24, 2018 | Jul 12, 2019 | 3 months | 9 months |
| Dec 4, 2024 | −31.6% | Apr 8, 2025 | Sep 18, 2025 | 4 months | 9 months |
| May 19, 2015 | −26.6% | Feb 11, 2016 | Apr 20, 2016 | 9 months | 11 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
DDM risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2006 |
|---|---|---|---|---|
| Annualized return | +25.8% | +12.9% | +18.7% | +13.8% |
| Volatility (annualized) | 24.8% | 30.4% | 31.3% | 30.1% |
| Sharpe ratio | 0.88 | 0.43 | 0.64 | 0.54 |
| Sortino ratio | 1.49 | 0.70 | 0.99 | 0.81 |
| Best month | +18.2% | +29.0% | +29.0% | +29.0% |
| Worst month | −11.0% | −17.4% | −32.1% | −32.1% |
| Best 12 months | +52.7% | +52.7% | +121.6% | +121.6% |
| Worst 12 months | +6.0% | −29.3% | −35.2% | −70.8% |
| Positive months | 72% | 63% | 66% | 64% |
| Beta vs S&P 500 | 1.74 | 1.74 | 1.89 | — |
| Correlation with S&P 500 | 0.87 | 0.90 | 0.93 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
DDM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 233 | −70.8% | +19.3% | +121.6% | 77% |
| 3-year (a year) | 209 | −23.4% | +19.4% | +50.1% | 87% |
| 5-year (a year) | 185 | −6.6% | +18.7% | +41.3% | 90% |
| 10-year (a year) | 125 | +7.8% | +18.7% | +31.1% | 100% |
Every holding period starting at a month-end since 2006. Returns for 3 years and longer are annualized.
DDM performance overview
ProShares Ultra Dow30 (DDM) returned +19.5% over the past year and +19.4% a year over ten years, with distributions reinvested. Since its first recorded price in 2006 it has returned +14.1% a year, turning $10,000 into about $146,983. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −81.7%, from Oct 9, 2007 to Mar 9, 2009, and it took 4.2 years to get back to the old high. DDM finished 15 of its 19 full calendar years with a gain; the best year was 2013 (+64.7%) and the worst 2008 (−61.8%). Volatility has been 30.1% a year.
Related: DDM chart, DDM holdings, DDM dividends, DDM valuation. See the DDM overview for the latest quote and fund facts.
DDM performance FAQ
What is the DDM return over the past year?
DDM returned +19.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 18.2%.
What is the average annual return of DDM?
DDM has returned +11.6% a year over 5 years, +19.4% a year over 10 years, +14.1% a year since June 21, 2006 (total return, distributions reinvested).
How much would $10,000 invested in DDM be worth?
$10,000 invested in DDM at its first recorded close on June 21, 2006 would be worth about $146,983 on October 23, 2026 with distributions reinvested.
What was the worst year for DDM?
The worst calendar year was 2008, with a total return of −61.8%. The best was 2013 at +64.7%.
What is the biggest drawdown of DDM?
The largest peak-to-trough decline was −81.7% between October 9, 2007 and March 9, 2009. It recovered to the old high on May 7, 2013, 4.2 years after the bottom.
How volatile is DDM?
Over the past 3 years DDM had an annualized volatility of 24.8% and a Sharpe ratio of 0.88 (excess return over 1–3 month T-bills per unit of risk).