DIG vs. BITO
Compare and contrast key facts about ProShares Ultra Oil & Gas (DIG) and ProShares Bitcoin Strategy ETF (BITO).
DIG and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DIG is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Oil & Gas Index (200%). It was launched on Jan 30, 2007. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Performance
DIG vs. BITO - Performance Comparison
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DIG vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DIG ProShares Ultra Oil & Gas | 71.38% | 2.73% | 0.93% | -13.04% | 125.34% | -8.23% |
BITO ProShares Bitcoin Strategy ETF | -22.79% | -11.19% | 104.45% | 137.33% | -63.91% | -31.09% |
Returns By Period
In the year-to-date period, DIG achieves a 71.38% return, which is significantly higher than BITO's -22.79% return.
DIG
- 1D
- -7.64%
- 1M
- 7.25%
- YTD
- 71.38%
- 6M
- 70.78%
- 1Y
- 47.64%
- 3Y*
- 20.73%
- 5Y*
- 34.16%
- 10Y*
- 7.37%
BITO
- 1D
- 0.60%
- 1M
- -1.72%
- YTD
- -22.79%
- 6M
- -43.10%
- 1Y
- -23.27%
- 3Y*
- 24.87%
- 5Y*
- —
- 10Y*
- —
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DIG vs. BITO - Expense Ratio Comparison
Both DIG and BITO have an expense ratio of 0.95%.
Return for Risk
DIG vs. BITO — Risk / Return Rank
DIG
BITO
DIG vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Oil & Gas (DIG) and ProShares Bitcoin Strategy ETF (BITO). 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.
| DIG | BITO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | -0.52 | +1.47 |
Sortino ratioReturn per unit of downside risk | 1.41 | -0.50 | +1.90 |
Omega ratioGain probability vs. loss probability | 1.21 | 0.94 | +0.26 |
Calmar ratioReturn relative to maximum drawdown | 1.40 | -0.42 | +1.82 |
Martin ratioReturn relative to average drawdown | 2.86 | -0.89 | +3.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DIG | BITO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | -0.52 | +1.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.13 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | -0.08 | +0.08 |
Correlation
The correlation between DIG and BITO is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
DIG vs. BITO - Dividend Comparison
DIG's dividend yield for the trailing twelve months is around 1.45%, less than BITO's 80.47% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIG ProShares Ultra Oil & Gas | 1.45% | 2.62% | 3.13% | 0.61% | 1.33% | 2.24% | 3.18% | 2.72% | 2.30% | 1.76% | 1.09% | 1.56% |
BITO ProShares Bitcoin Strategy ETF | 80.47% | 78.29% | 61.59% | 15.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DIG vs. BITO - Drawdown Comparison
The maximum DIG drawdown since its inception was -97.04%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for DIG and BITO.
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Drawdown Indicators
| DIG | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.04% | -77.86% | -19.18% |
Max Drawdown (1Y)Largest decline over 1 year | -35.40% | -50.05% | +14.65% |
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 | -49.79% | -46.75% | -3.04% |
Average DrawdownAverage peak-to-trough decline | -64.47% | -36.57% | -27.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.32% | 23.73% | -6.41% |
Volatility
DIG vs. BITO - Volatility Comparison
ProShares Ultra Oil & Gas (DIG) and ProShares Bitcoin Strategy ETF (BITO) have volatilities of 12.95% and 12.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DIG | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.95% | 12.84% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 28.78% | 36.71% | -7.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.96% | 45.32% | +4.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.73% | 55.77% | -4.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.63% | 55.77% | +1.86% |