DIG vs. MFSM
DIG (ProShares Ultra Oil & Gas) and MFSM (MFS Active Intermediate Muni Bond ETF) are both exchange-traded funds - DIG is a Leveraged Equities fund tracking the Dow Jones U.S. Oil & Gas Index (200%), while MFSM is a Municipal Bonds fund actively managed by MFS. DIG is passively managed, while MFSM is actively managed. Over the past year, DIG returned 90.00% vs 7.57% for MFSM. At a correlation of -0.13, they often move in opposite directions. DIG charges 0.95%/yr vs 0.34%/yr for MFSM.
Performance
DIG vs. MFSM - Performance Comparison
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Returns By Period
In the year-to-date period, DIG achieves a 66.35% return, which is significantly higher than MFSM's 1.73% return.
DIG
- 1D
- 2.57%
- 1M
- -3.48%
- YTD
- 66.35%
- 6M
- 59.45%
- 1Y
- 90.00%
- 3Y*
- 23.37%
- 5Y*
- 28.29%
- 10Y*
- 5.32%
MFSM
- 1D
- -0.03%
- 1M
- 0.76%
- YTD
- 1.73%
- 6M
- 2.29%
- 1Y
- 7.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DIG vs. MFSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DIG ProShares Ultra Oil & Gas | 66.35% | 2.73% | -13.57% |
MFSM MFS Active Intermediate Muni Bond ETF | 1.73% | 5.25% | -1.30% |
Correlation
The correlation between DIG and MFSM is -0.27, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.27 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2024 | -0.13 |
The correlation between DIG and MFSM shifts across timeframes, from -0.27 (1 year) to -0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DIG vs. MFSM — Risk / Return Rank
DIG
MFSM
DIG vs. MFSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Oil & Gas (DIG) and MFS Active Intermediate Muni Bond ETF (MFSM). 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 | MFSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.62 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 2.87 | +1.01 |
| Martin ratioReturn relative to average drawdown | 10.65 | 10.63 | +0.02 |
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 | MFSM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.22 | 2.85 | -0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | 1.11 | -1.11 |
Drawdowns
DIG vs. MFSM - Drawdown Comparison
The maximum DIG drawdown since its inception was -97.04%, which is greater than MFSM's maximum drawdown of -3.86%. Use the drawdown chart below to compare losses from any high point for DIG and MFSM.
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Drawdown Indicators
| DIG | MFSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.04% | -3.86% | -93.18% |
Max Drawdown (1Y)Largest decline over 1 year | -23.29% | -2.65% | -20.64% |
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 | -51.27% | -0.52% | -50.75% |
Average DrawdownAverage peak-to-trough decline | -64.37% | -0.88% | -63.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.49% | 0.71% | +7.78% |
Volatility
DIG vs. MFSM - Volatility Comparison
ProShares Ultra Oil & Gas (DIG) has a higher volatility of 16.56% compared to MFS Active Intermediate Muni Bond ETF (MFSM) at 0.92%. This indicates that DIG's price experiences larger fluctuations and is considered to be riskier than MFSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DIG | MFSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.56% | 0.92% | +15.64% |
Volatility (6M)Calculated over the trailing 6-month period | 33.14% | 1.96% | +31.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.88% | 2.67% | +38.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.59% | 3.44% | +48.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.81% | 3.44% | +54.37% |
DIG vs. MFSM - Expense Ratio Comparison
DIG has a 0.95% expense ratio, which is higher than MFSM's 0.34% expense ratio.
Dividends
DIG vs. MFSM - Dividend Comparison
DIG's dividend yield for the trailing twelve months is around 1.50%, less than MFSM's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIG ProShares Ultra Oil & Gas | 1.50% | 2.62% | 3.13% | 0.61% | 1.33% | 2.24% | 3.18% | 2.72% | 2.30% | 1.76% | 1.09% | 1.56% |
MFSM MFS Active Intermediate Muni Bond ETF | 3.55% | 3.53% | 0.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DIG and MFSM have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIG has higher volatility (16.56%) compared to MFSM (0.92%). In terms of maximum drawdown, DIG dropped -97.04% vs MFSM's -3.86%.
On 1-year performance, DIG leads with 90.00% vs 7.57% for MFSM. On fees, MFSM is cheaper at 0.34% per year. On volatility, MFSM has been the lower-risk option at 0.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DIG has performed better with a 90.00% return vs 7.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MFSM is cheaper with a 0.34% expense ratio, compared with 0.95% for DIG.
MFSM has the higher dividend yield at 3.55%, compared with 1.50% for DIG.
DIG is categorized as Leveraged Equities, while MFSM is Municipal Bonds. They also come from different issuers: ProShares and MFS. Their fees differ too: 0.95% for DIG and 0.34% for MFSM.
MFSM currently has the higher Sharpe Ratio (2.85 vs 2.22), 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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