DIG vs. UNL
Compare and contrast key facts about ProShares Ultra Oil & Gas (DIG) and United States 12 Month Natural Gas Fund LP (UNL).
DIG and UNL 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. UNL is a passively managed fund by Concierge Technologies that tracks the performance of the 12 Month Natural Gas. It was launched on Nov 18, 2009. Both DIG and UNL 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 UNL.
Performance
DIG vs. UNL - Performance Comparison
Returns By Period
In the year-to-date period, DIG achieves a 24.38% return, which is significantly higher than UNL's -14.57% return. Over the past 10 years, DIG has outperformed UNL with an annualized return of -4.36%, while UNL has yielded a comparatively lower -8.51% annualized return.
DIG
24.38%
10.62%
1.32%
22.44%
11.05%
-4.36%
UNL
-14.57%
4.27%
-13.66%
-26.92%
-3.93%
-8.51%
Key characteristics
| DIG | UNL | |
|---|---|---|
| Sharpe Ratio | 0.65 | -0.91 |
| Sortino Ratio | 1.08 | -1.26 |
| Omega Ratio | 1.13 | 0.86 |
| Calmar Ratio | 0.31 | -0.32 |
| Martin Ratio | 1.76 | -1.34 |
| Ulcer Index | 12.95% | 21.24% |
| Daily Std Dev | 35.07% | 31.32% |
| Max Drawdown | -97.04% | -88.01% |
| Current Drawdown | -64.86% | -87.15% |
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DIG vs. UNL - Expense Ratio Comparison
DIG has a 0.95% expense ratio, which is higher than UNL's 0.90% expense ratio.
Correlation
The correlation between DIG and UNL is 0.15, 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. UNL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Oil & Gas (DIG) and United States 12 Month Natural Gas Fund LP (UNL). 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. UNL - Dividend Comparison
DIG's dividend yield for the trailing twelve months is around 2.37%, while UNL 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% |
UNL United States 12 Month Natural Gas Fund LP | 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. UNL - Drawdown Comparison
The maximum DIG drawdown since its inception was -97.04%, which is greater than UNL's maximum drawdown of -88.01%. Use the drawdown chart below to compare losses from any high point for DIG and UNL. For additional features, visit the drawdowns tool.
Volatility
DIG vs. UNL - Volatility Comparison
The current volatility for ProShares Ultra Oil & Gas (DIG) is 9.91%, while United States 12 Month Natural Gas Fund LP (UNL) has a volatility of 10.74%. This indicates that DIG experiences smaller price fluctuations and is considered to be less risky than UNL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.