- Last Ratings Update:10/31/2014
- Price as of 10/31/2014 :$127.66
- Net Assets:$286.5 Million
- Peer Rank:25 of 291
- Investment Rating:A+
We rate ProShares Ultra Dow30 at A+. This overall rating indicates it is among the top 10% of all closed end funds in its peer group. Positive factors that influence this rating include a well above average total return, low price volatility, low expense structure and long term portfolio management tenure. The fund invests approximately 48% of its assets in stocks and may be considered for investors seeking a Growth - Domestic strategy.
POSITIVES AND RISKS
Total return ranks very high in comparison with peers over the last three years. The ProShares Ultra Dow30 has returned an annual rate of 10.05% since inception. More recently, the fund has generated a total return of 26.58% in the last five years, 30.97% in the last three years, and 26.36% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 97% of them. It has also outpaced 96% of its competitors on a three year basis and 91% of them over the last year for the period ending 10/31/2014. On a year to date basis, DDM has returned 11.58%.
Downside risk has been below average. DDM has a draw down risk of -11.43%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 18.7%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months. As of 10/31/2014, the fund was trading at a price of $127.66, which is 0.2% below its 52-week high of $127.87 and 20.2% above its 52-week low of $106.22.
High expense ratio hinders performance. On total assets of $286.50 million, DDM maintains a high expense ratio compared to its Growth - Domestic peers of 0.95% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As DDM is an exchange traded fund, it has no front end or back end load.
The ProShares Ultra Dow30 is managed by Howard Rubin at ProShare Advisors LLC. This fund is one of 146 ProShare Advisors LLC exchange-traded funds launched since 6/19/2006 that we track.
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