DIG vs. EXP

Last updated Jun 23, 2026

DIG (ProShares Ultra Oil & Gas) is Leveraged Equities fund tracking the Dow Jones U.S. Oil & Gas Index (200%), while EXP (Eagle Materials Inc.) is a stock. Over the past 10 years, DIG returned 3.62%/yr vs 11.82%/yr for EXP. At a 0.47 correlation, their price movements are largely independent.

Performance

DIG vs. EXP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Oil & Gas (DIG) and Eagle Materials Inc. (EXP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DIG achieves a 42.45% return, which is significantly higher than EXP's 8.41% return. Over the past 10 years, DIG has underperformed EXP with an annualized return of 3.62%, while EXP has yielded a comparatively higher 11.82% annualized return.

DIG

• 1D: 2.73%
• 1M: -16.79%
• YTD: 42.45%
• 6M: 45.21%
• 1Y: 44.37%
• 3Y*: 19.19%
• 5Y*: 24.86%
• 10Y*: 3.62%

EXP

• 1D: -0.48%
• 1M: 12.20%
• YTD: 8.41%
• 6M: 4.52%
• 1Y: 14.13%
• 3Y*: 9.13%
• 5Y*: 10.21%
• 10Y*: 11.82%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DIG vs. EXP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DIG ProShares Ultra Oil & Gas	42.45%	2.73%	0.93%	-13.04%	125.34%	115.63%	-70.36%	12.51%	-40.11%	-7.39%
EXP Eagle Materials Inc.	8.41%	-15.85%	22.13%	53.62%	-19.55%	65.07%	11.98%	49.23%	-45.88%	15.45%

Correlation

The correlation between DIG and EXP is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.39
Correlation (All Time) Calculated using the full available price history since Feb 1, 2007	0.47

The correlation between DIG and EXP shifts across timeframes, from -0.02 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DIG vs. EXP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DIG

DIG Risk / Return Rank: 31
DIG Sharpe Ratio Rank: 30
DIG Sortino Ratio Rank: 29
DIG Omega Ratio Rank: 28
DIG Calmar Ratio Rank: 32
DIG Martin Ratio Rank: 33

EXP

EXP Risk / Return Rank: 53
EXP Sharpe Ratio Rank: 56
EXP Sortino Ratio Rank: 52
EXP Omega Ratio Rank: 49
EXP Calmar Ratio Rank: 54
EXP Martin Ratio Rank: 55

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DIG vs. EXP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Oil & Gas (DIG) and Eagle Materials Inc. (EXP). 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	EXP	Difference
Sharpe ratio: Return per unit of total volatility	1.07	0.41	+0.66
Sortino ratio: Return per unit of downside risk	1.55	0.86	+0.69
Omega ratio: Gain probability vs. loss probability	1.19	1.09	+0.09
Calmar ratio: Return relative to maximum drawdown	1.58	0.50	+1.08
Martin ratio: Return relative to average drawdown	4.66	1.25	+3.41

DIG vs. EXP - Sharpe Ratio Comparison

The current DIG Sharpe Ratio is 1.07, which is higher than the EXP Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of DIG and EXP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DIG vs. EXP - Drawdown Comparison

The maximum DIG drawdown since its inception was -97.04%, which is greater than EXP's maximum drawdown of -79.52%. Use the drawdown chart below to compare losses from any high point for DIG and EXP.

Drawdown Indicators

	DIG	EXP	Difference
Max Drawdown Largest peak-to-trough decline	-97.04%	-79.52%	-17.52%
Max Drawdown (1Y) Largest decline over 1 year	-28.23%	-28.31%	+0.08%
Max Drawdown (3Y) Largest decline over 3 years	-42.41%	-44.73%	+2.32%
Max Drawdown (5Y) Largest decline over 5 years	-46.02%	-44.73%	-1.29%
Max Drawdown (10Y) Largest decline over 10 years	-92.53%	-63.78%	-28.75%
Current Drawdown Current decline from peak	-58.27%	-28.54%	-29.73%
Average Drawdown Average peak-to-trough decline	-64.33%	-24.01%	-40.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.61%	11.30%	-1.69%

Volatility

DIG vs. EXP - Volatility Comparison

ProShares Ultra Oil & Gas (DIG) has a higher volatility of 13.98% compared to Eagle Materials Inc. (EXP) at 10.91%. This indicates that DIG's price experiences larger fluctuations and is considered to be riskier than EXP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIG	EXP	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.98%	10.91%	+3.07%
Volatility (6M) Calculated over the trailing 6-month period	33.82%	25.83%	+7.99%
Volatility (1Y) Calculated over the trailing 1-year period	41.81%	34.41%	+7.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.53%	32.72%	+18.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.87%	36.05%	+21.82%

Dividends

DIG vs. EXP - Dividend Comparison

DIG's dividend yield for the trailing twelve months is around 1.75%, more than EXP's 0.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DIG ProShares Ultra Oil & Gas	1.75%	2.62%	3.13%	0.61%	1.33%	2.24%	3.18%	2.72%	2.30%	1.76%	1.09%	1.56%
EXP Eagle Materials Inc.	0.45%	0.48%	0.41%	0.49%	0.75%	0.45%	0.10%	0.44%	0.66%	0.35%	0.41%	0.66%

Frequently Asked Questions

Can I hold both DIG and EXP in my portfolio?

DIG and EXP have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DIG or EXP?

DIG has higher volatility (13.98%) compared to EXP (10.91%). In terms of maximum drawdown, DIG dropped -97.04% vs EXP's -79.52%.

Which has better risk-adjusted returns?

DIG currently has the higher Sharpe Ratio (1.07 vs 0.41), 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.