CARU vs. DIG
CARU (Max Auto Industry 3X Leveraged ETN) and DIG (ProShares Ultra Energy) are both Leveraged Equities funds - CARU tracks the Prime Auto Industry Index - Benchmark TR Net (--300%) while DIG tracks the S&P Energy Select Sector Index (200% Daily). Both are passively managed. Over the past 3 years, CARU returned -8.94%/yr vs 16.66%/yr for DIG. Their 0.16 correlation means their historical movements had little consistent relationship. Both charge a 0.95% expense ratio.
Performance
CARU vs. DIG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CARU achieves a -24.98% return, which is significantly lower than DIG's 66.37% return.
CARU
- 1D
- 3.40%
- 1M
- -4.68%
- 6M
- -23.35%
- YTD
- -24.98%
- 1Y
- -12.14%
- 3Y*
- -8.94%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -3.46%
DIG
- 1D
- -2.58%
- 1M
- 20.98%
- 6M
- 33.99%
- YTD
- 66.37%
- 1Y
- 81.22%
- 3Y*
- 16.66%
- 5Y*
- 35.08%
- 10Y*
- 5.18%
- ALL TIME*
- -0.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $54.44K | $33.09K | $19.89K | |
| $2.23M | $2.48M | $2.42M |
CARU vs. DIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CARU Max Auto Industry 3X Leveraged ETN | -24.98% | 7.29% | 23.44% | -9.74% |
DIG ProShares Ultra Energy | 66.37% | 2.73% | 0.93% | 10.15% |
Correlation
The correlation between CARU and DIG is -0.17, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2023 | 0.16 |
The correlation between CARU and DIG shifts across timeframes, from -0.17 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CARU vs. DIG — Risk / Return Rank
CARU
DIG
CARU vs. DIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Max Auto Industry 3X Leveraged ETN (CARU) and ProShares Ultra Energy (DIG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CARU | DIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.11 | ||
| Sortino ratioReturn per unit of downside risk | -2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.29 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | 2.74 | -2.98 |
| Martin ratioReturn relative to average drawdown | -0.43 | 6.98 | -7.41 |
Loading charts...
Drawdowns
CARU vs. DIG - Drawdown Comparison
The maximum CARU drawdown since its inception was -66.44%, smaller than the maximum DIG drawdown of -97.04%. Use the drawdown chart below to compare losses from any high point for CARU and DIG.
Loading charts...
Drawdown Indicators
| CARU | DIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.44% | -97.04% | +30.60% |
Max Drawdown (1Y)Largest decline over 1 year | -50.87% | -29.80% | -21.07% |
Max Drawdown (3Y)Largest decline over 3 years | -59.03% | -42.41% | -16.62% |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -92.53% | — |
Current DrawdownCurrent decline from peak | -40.76% | -51.26% | +10.50% |
Average DrawdownAverage peak-to-trough decline | -36.15% | -64.27% | +28.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.31% | 11.68% | +16.63% |
Volatility
CARU vs. DIG - Volatility Comparison
Max Auto Industry 3X Leveraged ETN (CARU) has a higher volatility of 23.85% compared to ProShares Ultra Energy (DIG) at 12.58%. This indicates that CARU's price experiences larger fluctuations and is considered to be riskier than DIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CARU | DIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.85% | 12.58% | +11.27% |
Volatility (6M)Calculated over the trailing 6-month period | 54.89% | 33.67% | +21.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.88% | 42.13% | +29.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.17% | 51.16% | +29.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.17% | 57.79% | +22.38% |
CARU vs. DIG - Expense Ratio Comparison
Both CARU and DIG have an expense ratio of 0.95%.
Dividends
CARU vs. DIG - Dividend Comparison
CARU has not paid dividends to shareholders, while DIG's dividend yield for the trailing twelve months is around 1.49%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CARU Max Auto Industry 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DIG ProShares Ultra Energy | 1.49% | 2.62% | 3.13% | 0.61% | 1.33% | 2.24% | 3.18% | 2.72% | 2.30% | 1.76% | 1.09% | 1.56% |
Frequently Asked Questions
CARU and DIG have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CARU has higher volatility (23.85%) compared to DIG (12.58%). In terms of maximum drawdown, CARU dropped -66.44% vs DIG's -97.04%.
On 3-year performance, DIG leads with 16.66% vs -8.94% for CARU. Both ETFs have the same 0.95% expense ratio. On volatility, DIG has been the lower-risk option at 12.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DIG has performed better with a 16.66% return vs -8.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CARU and DIG have the same expense ratio: 0.95% per year.
DIG has the higher dividend yield at 1.49%, compared with 0.00% for CARU.
CARU tracks Prime Auto Industry Index - Benchmark TR Net (--300%), while DIG tracks S&P Energy Select Sector Index (200% Daily). They also come from different issuers: Max and ProShares.
DIG currently has the higher Sharpe Ratio (1.94 vs -0.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for CARU and DIG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer