DIG vs. DRN
DIG (ProShares Ultra Oil & Gas) and DRN (Direxion Daily Real Estate Bull 3x Shares) are both exchange-traded funds - DIG is a Leveraged Equities fund tracking the Dow Jones U.S. Oil & Gas Index (200%), while DRN is a REIT fund tracking the MSCI US REIT Index (300%). Both are passively managed. Over the past 10 years, DIG returned 5.18%/yr vs -6.08%/yr for DRN. Their 0.38 correlation means their historical movements had little consistent relationship. DIG charges 0.95%/yr vs 0.99%/yr for DRN.
Performance
DIG vs. DRN - Performance Comparison
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Returns By Period
In the year-to-date period, DIG achieves a 66.37% return, which is significantly higher than DRN's 33.42% return. Over the past 10 years, DIG has outperformed DRN with an annualized return of 5.18%, while DRN has yielded a comparatively lower -6.08% annualized return.
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%
DRN
- 1D
- 0.81%
- 1M
- 2.09%
- 6M
- 29.47%
- YTD
- 33.42%
- 1Y
- 23.61%
- 3Y*
- 10.54%
- 5Y*
- -11.40%
- 10Y*
- -6.08%
- ALL TIME*
- 14.14%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.23M | $2.48M | $2.42M | |
| $8.13M | $8.66M | $10.23M |
DIG vs. DRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DIG ProShares Ultra Oil & Gas | 66.37% | 2.73% | 0.93% | -13.04% | 125.34% | 115.63% | -70.36% | 12.51% | -40.11% | -7.39% |
DRN Direxion Daily Real Estate Bull 3x Shares | 33.42% | -11.24% | -5.29% | 12.03% | -67.26% | 152.94% | -55.37% | 81.86% | -25.11% | 7.50% |
Correlation
The correlation between DIG and DRN is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.20 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.25 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2009 | 0.38 |
Over the past year, the correlation between DIG and DRN has dropped to 0.12 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
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Return for Risk
DIG vs. DRN — Risk / Return Rank
DIG
DRN
DIG vs. DRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Oil & Gas (DIG) and Direxion Daily Real Estate Bull 3x Shares (DRN). 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.
| DIG | DRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.37 | ||
| Sortino ratioReturn per unit of downside risk | +1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.13 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 0.98 | +1.76 |
| Martin ratioReturn relative to average drawdown | 6.98 | 2.58 | +4.39 |
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Drawdowns
DIG vs. DRN - Drawdown Comparison
The maximum DIG drawdown since its inception was -97.04%, which is greater than DRN's maximum drawdown of -86.32%. Use the drawdown chart below to compare losses from any high point for DIG and DRN.
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Drawdown Indicators
| DIG | DRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.04% | -86.32% | -10.72% |
Max Drawdown (1Y)Largest decline over 1 year | -29.80% | -24.28% | -5.52% |
Max Drawdown (3Y)Largest decline over 3 years | -42.41% | -48.26% | +5.85% |
Max Drawdown (5Y)Largest decline over 5 years | -46.02% | -80.58% | +34.56% |
Max Drawdown (10Y)Largest decline over 10 years | -92.53% | -86.32% | -6.21% |
Current DrawdownCurrent decline from peak | -51.26% | -61.96% | +10.70% |
Average DrawdownAverage peak-to-trough decline | -64.27% | -35.33% | -28.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.68% | 9.17% | +2.51% |
Volatility
DIG vs. DRN - Volatility Comparison
ProShares Ultra Oil & Gas (DIG) and Direxion Daily Real Estate Bull 3x Shares (DRN) have volatilities of 12.58% and 12.78%, 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 | DRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.58% | 12.78% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 33.67% | 33.01% | +0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.13% | 41.86% | +0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.16% | 56.94% | -5.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.79% | 60.80% | -3.01% |
DIG vs. DRN - Expense Ratio Comparison
DIG has a 0.95% expense ratio, which is lower than DRN's 0.99% expense ratio.
Dividends
DIG vs. DRN - Dividend Comparison
DIG's dividend yield for the trailing twelve months is around 1.49%, less than DRN's 1.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIG ProShares Ultra Oil & Gas | 1.49% | 2.62% | 3.13% | 0.61% | 1.33% | 2.24% | 3.18% | 2.72% | 2.30% | 1.76% | 1.09% | 1.56% |
DRN Direxion Daily Real Estate Bull 3x Shares | 1.85% | 2.81% | 2.24% | 2.84% | 2.70% | 4.21% | 1.90% | 2.59% | 3.11% | 0.91% | 0.00% | 0.00% |
Frequently Asked Questions
DIG and DRN have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRN has higher volatility (12.78%) compared to DIG (12.58%). In terms of maximum drawdown, DIG dropped -97.04% vs DRN's -86.32%.
On 10-year performance, DIG leads with 5.18% vs -6.08% for DRN. On fees, DIG is cheaper at 0.95% per year. 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 10-year period, DIG has performed better with a 5.18% return vs -6.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIG is cheaper with a 0.95% expense ratio, compared with 0.99% for DRN.
DRN has the higher dividend yield at 1.85%, compared with 1.49% for DIG.
DIG is categorized as Leveraged Equities, while DRN is REIT. DIG tracks Dow Jones U.S. Oil & Gas Index (200%), while DRN tracks MSCI US REIT Index (300%). They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for DIG and 0.99% for DRN.
DIG currently has the higher Sharpe Ratio (1.94 vs 0.57), 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.
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