DIG vs. QTAP
Compare and contrast key facts about ProShares Ultra Oil & Gas (DIG) and Innovator Growth Accelerated Plus ETF - April (QTAP).
DIG and QTAP 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. QTAP is an actively managed fund by Innovator. It was launched on Apr 1, 2021.
Performance
DIG vs. QTAP - Performance Comparison
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DIG vs. QTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DIG ProShares Ultra Oil & Gas | 85.56% | 2.73% | 0.93% | -13.04% | 125.34% | 24.84% |
QTAP Innovator Growth Accelerated Plus ETF - April | 1.26% | 19.36% | 17.34% | 43.32% | -25.87% | 15.63% |
Returns By Period
In the year-to-date period, DIG achieves a 85.56% return, which is significantly higher than QTAP's 1.26% return.
DIG
- 1D
- -2.11%
- 1M
- 20.66%
- YTD
- 85.56%
- 6M
- 84.85%
- 1Y
- 61.85%
- 3Y*
- 23.97%
- 5Y*
- 36.31%
- 10Y*
- 8.22%
QTAP
- 1D
- -0.51%
- 1M
- 0.09%
- YTD
- 1.26%
- 6M
- 3.74%
- 1Y
- 19.73%
- 3Y*
- 18.89%
- 5Y*
- —
- 10Y*
- —
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DIG vs. QTAP - Expense Ratio Comparison
DIG has a 0.95% expense ratio, which is higher than QTAP's 0.79% expense ratio.
Return for Risk
DIG vs. QTAP — Risk / Return Rank
DIG
QTAP
DIG vs. QTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Oil & Gas (DIG) and Innovator Growth Accelerated Plus ETF - April (QTAP). 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 | QTAP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 1.22 | +0.04 |
Sortino ratioReturn per unit of downside risk | 1.68 | 1.94 | -0.25 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.48 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 1.85 | 1.73 | +0.13 |
Martin ratioReturn relative to average drawdown | 3.79 | 12.34 | -8.55 |
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 | QTAP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.22 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.62 | -0.61 |
Correlation
The correlation between DIG and QTAP is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
DIG vs. QTAP - Dividend Comparison
DIG's dividend yield for the trailing twelve months is around 1.34%, while QTAP has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIG ProShares Ultra Oil & Gas | 1.34% | 2.62% | 3.13% | 0.61% | 1.33% | 2.24% | 3.18% | 2.72% | 2.30% | 1.76% | 1.09% | 1.56% |
QTAP Innovator Growth Accelerated Plus ETF - April | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DIG vs. QTAP - Drawdown Comparison
The maximum DIG drawdown since its inception was -97.04%, which is greater than QTAP's maximum drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for DIG and QTAP.
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Drawdown Indicators
| DIG | QTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.04% | -29.44% | -67.60% |
Max Drawdown (1Y)Largest decline over 1 year | -35.40% | -12.04% | -23.36% |
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 | -45.64% | -0.51% | -45.13% |
Average DrawdownAverage peak-to-trough decline | -64.48% | -5.21% | -59.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.30% | 1.68% | +15.62% |
Volatility
DIG vs. QTAP - Volatility Comparison
ProShares Ultra Oil & Gas (DIG) has a higher volatility of 9.86% compared to Innovator Growth Accelerated Plus ETF - April (QTAP) at 0.76%. This indicates that DIG's price experiences larger fluctuations and is considered to be riskier than QTAP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DIG | QTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.86% | 0.76% | +9.10% |
Volatility (6M)Calculated over the trailing 6-month period | 27.64% | 2.75% | +24.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.37% | 16.31% | +33.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.66% | 19.02% | +32.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.59% | 19.02% | +38.57% |