DIG vs. SHAG
DIG (ProShares Ultra Oil & Gas) and SHAG (WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF) are both exchange-traded funds - DIG is a Leveraged Equities fund tracking the Dow Jones U.S. Oil & Gas Index (200%), while SHAG is a Short-Term Bond fund tracking the Bloomberg U.S. Short Aggregate Enhanced Yield Index. Both are passively managed. Over the past 5 years, DIG returned 24.86%/yr vs 1.62%/yr for SHAG. At a correlation of -0.11, they often move in opposite directions. DIG charges 0.95%/yr vs 0.12%/yr for SHAG.
Performance
DIG vs. SHAG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DIG achieves a 42.45% return, which is significantly higher than SHAG's 0.38% 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%
SHAG
- 1D
- -0.09%
- 1M
- 0.19%
- YTD
- 0.38%
- 6M
- 0.52%
- 1Y
- 3.48%
- 3Y*
- 4.73%
- 5Y*
- 1.62%
- 10Y*
- —
DIG vs. SHAG - 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% | 37.50% |
SHAG WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF | 0.38% | 6.27% | 4.30% | 4.61% | -6.37% | -0.91% | 4.70% | 5.79% | 0.80% | -0.23% |
Correlation
The correlation between DIG and SHAG 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 (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2017 | -0.11 |
The correlation between DIG and SHAG shifts across timeframes, from -0.27 (1 year) to -0.09 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DIG vs. SHAG — Risk / Return Rank
DIG
SHAG
DIG vs. SHAG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Oil & Gas (DIG) and WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF (SHAG). 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 | SHAG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.36 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 2.54 | -0.96 |
| Martin ratioReturn relative to average drawdown | 4.66 | 8.61 | -3.95 |
Loading charts...
Drawdowns
DIG vs. SHAG - Drawdown Comparison
The maximum DIG drawdown since its inception was -97.04%, which is greater than SHAG's maximum drawdown of -9.62%. Use the drawdown chart below to compare losses from any high point for DIG and SHAG.
Loading charts...
Drawdown Indicators
| DIG | SHAG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.04% | -9.62% | -87.42% |
Max Drawdown (1Y)Largest decline over 1 year | -28.23% | -1.38% | -26.85% |
Max Drawdown (3Y)Largest decline over 3 years | -42.41% | -1.38% | -41.03% |
Max Drawdown (5Y)Largest decline over 5 years | -46.02% | -9.62% | -36.40% |
Max Drawdown (10Y)Largest decline over 10 years | -92.53% | — | — |
Current DrawdownCurrent decline from peak | -58.27% | -0.64% | -57.63% |
Average DrawdownAverage peak-to-trough decline | -64.33% | -1.87% | -62.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.61% | 0.41% | +9.20% |
Volatility
DIG vs. SHAG - Volatility Comparison
ProShares Ultra Oil & Gas (DIG) has a higher volatility of 13.98% compared to WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF (SHAG) at 0.62%. This indicates that DIG's price experiences larger fluctuations and is considered to be riskier than SHAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DIG | SHAG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.98% | 0.62% | +13.36% |
Volatility (6M)Calculated over the trailing 6-month period | 33.82% | 1.40% | +32.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.81% | 1.86% | +39.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.53% | 2.76% | +48.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.87% | 2.58% | +55.29% |
DIG vs. SHAG - Expense Ratio Comparison
DIG has a 0.95% expense ratio, which is higher than SHAG's 0.12% expense ratio.
Dividends
DIG vs. SHAG - Dividend Comparison
DIG's dividend yield for the trailing twelve months is around 1.75%, less than SHAG's 4.28% 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% |
SHAG WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF | 4.28% | 4.33% | 4.49% | 3.04% | 1.38% | 0.92% | 2.33% | 2.71% | 2.56% | 0.77% | 0.00% | 0.00% |
Frequently Asked Questions
DIG and SHAG 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 (13.98%) compared to SHAG (0.62%). In terms of maximum drawdown, DIG dropped -97.04% vs SHAG's -9.62%.
On 5-year performance, DIG leads with 24.86% vs 1.62% for SHAG. On fees, SHAG is cheaper at 0.12% per year. On volatility, SHAG has been the lower-risk option at 0.62%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DIG has performed better with a 24.86% return vs 1.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SHAG is cheaper with a 0.12% expense ratio, compared with 0.95% for DIG.
SHAG has the higher dividend yield at 4.28%, compared with 1.75% for DIG.
DIG is categorized as Leveraged Equities, while SHAG is Short-Term Bond. DIG tracks Dow Jones U.S. Oil & Gas Index (200%), while SHAG tracks Bloomberg U.S. Short Aggregate Enhanced Yield Index. They also come from different issuers: ProShares and WisdomTree. Their fees differ too: 0.95% for DIG and 0.12% for SHAG.
SHAG currently has the higher Sharpe Ratio (1.88 vs 1.07), 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.
Find the right allocation for DIG and SHAG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer