DIG vs. UGL
Compare and contrast key facts about ProShares Ultra Oil & Gas (DIG) and ProShares Ultra Gold (UGL).
DIG and UGL 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. UGL is a passively managed fund by ProShares that tracks the performance of the Gold bullion (200%). It was launched on Dec 1, 2008. Both DIG and UGL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DIG or UGL.
Performance
DIG vs. UGL - Performance Comparison
Returns By Period
In the year-to-date period, DIG achieves a 24.38% return, which is significantly lower than UGL's 48.57% return. Over the past 10 years, DIG has underperformed UGL with an annualized return of -4.36%, while UGL has yielded a comparatively higher 9.09% annualized return.
DIG
24.38%
10.62%
1.32%
22.44%
11.05%
-4.36%
UGL
48.57%
-7.03%
12.02%
59.56%
15.65%
9.09%
Key characteristics
| DIG | UGL | |
|---|---|---|
| Sharpe Ratio | 0.65 | 2.00 |
| Sortino Ratio | 1.08 | 2.52 |
| Omega Ratio | 1.13 | 1.32 |
| Calmar Ratio | 0.31 | 1.14 |
| Martin Ratio | 1.76 | 11.09 |
| Ulcer Index | 12.95% | 5.33% |
| Daily Std Dev | 35.07% | 29.54% |
| Max Drawdown | -97.04% | -75.93% |
| Current Drawdown | -64.86% | -21.95% |
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DIG vs. UGL - Expense Ratio Comparison
Both DIG and UGL have an expense ratio of 0.95%.
Correlation
The correlation between DIG and UGL is 0.12, 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.
Risk-Adjusted Performance
DIG vs. UGL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Oil & Gas (DIG) and ProShares Ultra Gold (UGL). 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.
Dividends
DIG vs. UGL - Dividend Comparison
DIG's dividend yield for the trailing twelve months is around 2.37%, while UGL has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIG ProShares Ultra Oil & Gas | 2.37% | 0.61% | 1.33% | 2.24% | 3.19% | 2.72% | 2.30% | 1.76% | 1.09% | 1.56% | 0.87% | 0.43% |
UGL ProShares Ultra Gold | 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. UGL - Drawdown Comparison
The maximum DIG drawdown since its inception was -97.04%, which is greater than UGL's maximum drawdown of -75.93%. Use the drawdown chart below to compare losses from any high point for DIG and UGL. For additional features, visit the drawdowns tool.
Volatility
DIG vs. UGL - Volatility Comparison
The current volatility for ProShares Ultra Oil & Gas (DIG) is 9.91%, while ProShares Ultra Gold (UGL) has a volatility of 11.39%. This indicates that DIG experiences smaller price fluctuations and is considered to be less risky than UGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.