DIG vs. DBC
Compare and contrast key facts about ProShares Ultra Oil & Gas (DIG) and Invesco DB Commodity Index Tracking Fund (DBC).
DIG and DBC 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. DBC is a passively managed fund by Invesco that tracks the performance of the DBIQ Optimum Yield Diversified Commodity Index Excess Return. It was launched on Feb 3, 2006. Both DIG and DBC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DIG or DBC.
Key characteristics
DIG | DBC | |
---|---|---|
YTD Return | 19.72% | 4.72% |
1Y Return | 31.68% | 7.43% |
3Y Return (Ann) | 43.59% | 10.40% |
5Y Return (Ann) | 6.79% | 9.31% |
10Y Return (Ann) | -5.86% | -0.45% |
Sharpe Ratio | 0.72 | 0.43 |
Daily Std Dev | 37.23% | 14.04% |
Max Drawdown | -97.04% | -76.36% |
Current Drawdown | -65.39% | -45.16% |
Correlation
The correlation between DIG and DBC is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
DIG vs. DBC - Performance Comparison
In the year-to-date period, DIG achieves a 19.72% return, which is significantly higher than DBC's 4.72% return. Over the past 10 years, DIG has underperformed DBC with an annualized return of -5.86%, while DBC has yielded a comparatively higher -0.45% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DIG vs. DBC - Expense Ratio Comparison
DIG has a 0.95% expense ratio, which is higher than DBC's 0.85% expense ratio.
Risk-Adjusted Performance
DIG vs. DBC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Oil & Gas (DIG) and Invesco DB Commodity Index Tracking Fund (DBC). 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.
Dividends
DIG vs. DBC - Dividend Comparison
DIG's dividend yield for the trailing twelve months is around 1.05%, less than DBC's 4.72% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ProShares Ultra Oil & Gas | 1.05% | 0.61% | 1.33% | 2.24% | 3.18% | 2.72% | 2.30% | 1.76% | 1.09% | 1.56% | 0.87% | 0.43% |
Invesco DB Commodity Index Tracking Fund | 4.72% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DIG vs. DBC - Drawdown Comparison
The maximum DIG drawdown since its inception was -97.04%, which is greater than DBC's maximum drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for DIG and DBC. For additional features, visit the drawdowns tool.
Volatility
DIG vs. DBC - Volatility Comparison
ProShares Ultra Oil & Gas (DIG) has a higher volatility of 9.22% compared to Invesco DB Commodity Index Tracking Fund (DBC) at 2.88%. This indicates that DIG's price experiences larger fluctuations and is considered to be riskier than DBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.