DRIP vs. DUG
Compare and contrast key facts about Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) and ProShares UltraShort Oil & Gas (DUG).
DRIP and DUG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DRIP is a passively managed fund by Direxion that tracks the performance of the S&P Oil & Gas Exploration & Production Select Industry Index (-300%). It was launched on Apr 1, 2020. DUG is a passively managed fund by ProShares that tracks the performance of the DJ Global United States (All) / Oil & Gas -IND (-200%). It was launched on Jan 30, 2007. Both DRIP and DUG 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: DRIP or DUG.
Key characteristics
| DRIP | DUG | |
|---|---|---|
| YTD Return | -19.43% | -18.59% |
| 1Y Return | -41.49% | -28.86% |
| 3Y Return (Ann) | -53.85% | -46.14% |
| 5Y Return (Ann) | -53.36% | -44.98% |
| Sharpe Ratio | -0.91 | -0.79 |
| Daily Std Dev | 46.14% | 36.79% |
| Max Drawdown | -99.90% | -99.85% |
| Current Drawdown | -99.88% | -99.84% |
Correlation
The correlation between DRIP and DUG is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DRIP vs. DUG - Performance Comparison
The year-to-date returns for both investments are quite close, with DRIP having a -19.43% return and DUG slightly higher at -18.59%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DRIP vs. DUG - Expense Ratio Comparison
DRIP has a 1.07% expense ratio, which is higher than DUG's 0.95% expense ratio.
Risk-Adjusted Performance
DRIP vs. DUG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) and ProShares UltraShort Oil & Gas (DUG). 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
DRIP vs. DUG - Dividend Comparison
DRIP's dividend yield for the trailing twelve months is around 5.39%, more than DUG's 4.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | 5.39% | 5.09% | 0.00% | 0.00% | 0.01% | 0.96% | 0.58% |
DUG ProShares UltraShort Oil & Gas | 4.54% | 4.16% | 0.28% | 0.00% | 0.10% | 0.56% | 0.29% |
Drawdowns
DRIP vs. DUG - Drawdown Comparison
The maximum DRIP drawdown since its inception was -99.90%, roughly equal to the maximum DUG drawdown of -99.85%. Use the drawdown chart below to compare losses from any high point for DRIP and DUG. For additional features, visit the drawdowns tool.
Volatility
DRIP vs. DUG - Volatility Comparison
Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) has a higher volatility of 11.63% compared to ProShares UltraShort Oil & Gas (DUG) at 8.89%. This indicates that DRIP's price experiences larger fluctuations and is considered to be riskier than DUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.