DIG vs. GEMG
DIG (ProShares Ultra Oil & Gas) and GEMG (Leverage Shares 2X Long GEMI Daily ETF) are both Leveraged Equities funds. DIG is passively managed, while GEMG is actively managed. At a correlation of -0.02, they often move in opposite directions. DIG charges 0.95%/yr vs 0.75%/yr for GEMG.
Performance
DIG vs. GEMG - Performance Comparison
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Returns By Period
In the year-to-date period, DIG achieves a 44.39% return, which is significantly higher than GEMG's -89.02% return.
DIG
- 1D
- 1.37%
- 1M
- -15.65%
- YTD
- 44.39%
- 6M
- 45.60%
- 1Y
- 53.89%
- 3Y*
- 19.73%
- 5Y*
- 24.80%
- 10Y*
- 3.76%
GEMG
- 1D
- -6.14%
- 1M
- -33.52%
- YTD
- -89.02%
- 6M
- -91.24%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DIG vs. GEMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DIG ProShares Ultra Oil & Gas | 44.39% | 5.61% |
GEMG Leverage Shares 2X Long GEMI Daily ETF | -89.02% | -71.91% |
Correlation
The correlation between DIG and GEMG 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 (All Time) Calculated using the full available price history since Nov 5, 2025 | -0.02 |
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Return for Risk
DIG vs. GEMG — Risk / Return Rank
DIG
GEMG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DIG vs. GEMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Oil & Gas (DIG) and Leverage Shares 2X Long GEMI Daily ETF (GEMG). 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 | GEMG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.22 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | — | — |
| Martin ratioReturn relative to average drawdown | 5.59 | — | — |
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Drawdowns
DIG vs. GEMG - Drawdown Comparison
The maximum DIG drawdown since its inception was -97.04%, roughly equal to the maximum GEMG drawdown of -97.26%. Use the drawdown chart below to compare losses from any high point for DIG and GEMG.
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Drawdown Indicators
| DIG | GEMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.04% | -97.26% | +0.22% |
Max Drawdown (1Y)Largest decline over 1 year | -28.23% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -42.41% | — | — |
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 | -57.70% | -97.10% | +39.40% |
Average DrawdownAverage peak-to-trough decline | -64.33% | -81.17% | +16.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.68% | — | — |
Volatility
DIG vs. GEMG - Volatility Comparison
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Volatility by Period
| DIG | GEMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.13% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 33.67% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 41.74% | 219.33% | -177.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.53% | 219.33% | -167.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.83% | 219.33% | -161.50% |
DIG vs. GEMG - Expense Ratio Comparison
DIG has a 0.95% expense ratio, which is higher than GEMG's 0.75% expense ratio.
Dividends
DIG vs. GEMG - Dividend Comparison
DIG's dividend yield for the trailing twelve months is around 1.72%, while GEMG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIG ProShares Ultra Oil & Gas | 1.72% | 2.62% | 3.13% | 0.61% | 1.33% | 2.24% | 3.18% | 2.72% | 2.30% | 1.76% | 1.09% | 1.56% |
GEMG Leverage Shares 2X Long GEMI Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DIG and GEMG 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.
On fees, GEMG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GEMG is cheaper with a 0.75% expense ratio, compared with 0.95% for DIG.
DIG has the higher dividend yield at 1.72%, compared with 0.00% for GEMG.
They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for DIG and 0.75% for GEMG.
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