ProShares Ultra Oil & Gas (DIG) belongs to the Leveraged Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with DIG. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to DIG
DIG charges 0.95% annually. There are 97 ETFs in the Leveraged Equities category with lower expense ratios, going as low as 0.35%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Efficient U.S. Plus International Equit... | 0.35% | 43.18M | Mar 2026 | DIG vs NTSD | |
| ETRACS IFED Invest with the Fed TR Index ETN | 0.45% | 48.07M | Sep 2021 | DIG vs IFED | |
| Corgi BRKB 2x Daily ETF | 0.45% | — | Jul 2026 | DIG vs BRKL | |
| Direxion Daily S&P 500 Bull 2X ETF | 0.60% | 260.25M | May 2014 | DIG vs SPUU | |
| Leverage Shares 2X Long COST Daily ETF | 0.75% | 8.57M | Sep 2025 | DIG vs COTG |
Best Risk-Adjusted Alternatives to DIG
DIG has a PortfoliosLab risk / return rank of 70. There are 35 ETFs in the Leveraged Equities category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | 98 | 3.86B | Oct 2024 | DIG vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 98 | 531.06M | Nov 2024 | DIG vs MULL | |
| Innovator U.S. Equity Accelerated Plus ETF | 98 | 22.69M | Apr 2021 | DIG vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 97 | 20.37M | Apr 2021 | DIG vs QTAP | |
| GraniteShares 2x Long INTC Daily ETF | 97 | 282.58M | Feb 2025 | DIG vs INTW |
Top Performing DIG Alternatives (YTD)
DIG is at 66.37% YTD. There are 37 ETFs in the Leveraged Equities category with higher YTD returns, going as high as 699.96%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| GraniteShares 2x Long DELL Daily ETF | 699.96% | 101.24M | Feb 2025 | DIG vs DLLL | |
| Direxion Daily MU Bull 2X Shares | 378.90% | 3.86B | Oct 2024 | DIG vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 365.77% | 531.06M | Nov 2024 | DIG vs MULL | |
| Direxion Daily INTC Bull 2X Shares | 266.23% | 63.06M | Nov 2025 | DIG vs LINT | |
| GraniteShares 2x Long INTC Daily ETF | 265.05% | 282.58M | Feb 2025 | DIG vs INTW |
Lowest Volatility Alternatives to DIG
DIG has 42.13% 1-year volatility. There are 90 ETFs in the Leveraged Equities category with lower 1-year volatility, going as low as 4.89%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 4.89% | 22.69M | Apr 2021 | DIG vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 6.61% | 20.37M | Apr 2021 | DIG vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 7.75% | 13.42M | Jul 2021 | DIG vs XTJL | |
| Innovator US Equity Accelerated ETF | 10.94% | 69.34M | Apr 2021 | DIG vs XDSQ | |
| Innovator Growth Accelerated Plus ETF - July | 11.73% | 19.11M | Jul 2021 | DIG vs QTJL |
Lowest Drawdown Alternatives to DIG
DIG has a 1-year max drawdown of -29.80%. There are 62 ETFs in the Leveraged Equities category with shallower 1-year drawdowns, going as shallow as -1.72%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | -1.72% | 22.69M | Apr 2021 | DIG vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | -2.81% | 20.37M | Apr 2021 | DIG vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | -5.12% | 13.42M | Jul 2021 | DIG vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | -8.48% | 19.11M | Jul 2021 | DIG vs QTJL | |
| Innovator US Equity Accelerated ETF | -9.60% | 69.34M | Apr 2021 | DIG vs XDSQ |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, QLD, BITO and span 10 categories. AUM among these funds goes as high as $33B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 45 | 29.42% | 32.83B | Feb 2010 | DIG vs TQQQ | |
| ProShares Ultra QQQ | Leveraged Equities | 48 | 23.13% | 12.76B | Jun 2006 | DIG vs QLD | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -28.40% | 1.41B | Oct 2021 | DIG vs BITO | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 65 | 26.96% | 5.15B | Jun 2009 | DIG vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 67 | 19.52% | 7.81B | Jun 2006 | DIG vs SSO | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 58 | 55.27% | 2.47B | Jan 2007 | DIG vs USD | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 51 | 11.50% | 11.68B | Oct 2013 | DIG vs NOBL | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -38.05% | 2.00B | Feb 2010 | DIG vs SQQQ | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 52 | 11.89% | 394.37M | Mar 2024 | DIG vs IQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -36.18% | 244.68M | Oct 2011 | DIG vs UVXY |
Often Compared With DIG
Investors most often compare DIG with DUG, ERX, UGL. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare DIG with Any Fund or Stock
Compare DIG with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair DIG with funds that move differently
ProShares Ultra Oil & Gas alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to DIG.
Explore DIG Diversifiers