DUG vs. CMGG
DUG (ProShares UltraShort Oil & Gas) and CMGG (Leverage Shares 2X Long CMG Daily ETF) are both Leveraged Equities funds. DUG is passively managed, while CMGG is actively managed. At a 0.07 correlation, their price movements are largely independent. DUG charges 0.95%/yr vs 0.75%/yr for CMGG.
Performance
DUG vs. CMGG - Performance Comparison
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Returns By Period
In the year-to-date period, DUG achieves a -35.05% return, which is significantly higher than CMGG's -37.52% return.
DUG
- 1D
- 2.69%
- 1M
- 19.92%
- YTD
- -35.05%
- 6M
- -36.00%
- 1Y
- -42.54%
- 3Y*
- -25.71%
- 5Y*
- -35.91%
- 10Y*
- -31.17%
CMGG
- 1D
- 2.82%
- 1M
- -12.95%
- YTD
- -37.52%
- 6M
- -40.08%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DUG vs. CMGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DUG ProShares UltraShort Oil & Gas | -35.05% | 4.11% |
CMGG Leverage Shares 2X Long CMG Daily ETF | -37.52% | 36.20% |
Correlation
The correlation between DUG and CMGG is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | 0.07 |
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Return for Risk
DUG vs. CMGG — Risk / Return Rank
DUG
CMGG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DUG vs. CMGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Oil & Gas (DUG) and Leverage Shares 2X Long CMG Daily ETF (CMGG). 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.
| DUG | CMGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.84 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | — | — |
| Martin ratioReturn relative to average drawdown | -1.33 | — | — |
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Drawdowns
DUG vs. CMGG - Drawdown Comparison
The maximum DUG drawdown since its inception was -99.92%, which is greater than CMGG's maximum drawdown of -56.75%. Use the drawdown chart below to compare losses from any high point for DUG and CMGG.
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Drawdown Indicators
| DUG | CMGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.92% | -56.75% | -43.17% |
Max Drawdown (1Y)Largest decline over 1 year | -57.00% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -67.53% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -94.03% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.46% | — | — |
Current DrawdownCurrent decline from peak | -99.90% | -48.19% | -51.71% |
Average DrawdownAverage peak-to-trough decline | -88.98% | -23.37% | -65.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.93% | — | — |
Volatility
DUG vs. CMGG - Volatility Comparison
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Volatility by Period
| DUG | CMGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.11% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 33.60% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 41.60% | 68.93% | -27.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.53% | 68.93% | -17.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.83% | 68.93% | -10.10% |
DUG vs. CMGG - Expense Ratio Comparison
DUG has a 0.95% expense ratio, which is higher than CMGG's 0.75% expense ratio.
Dividends
DUG vs. CMGG - Dividend Comparison
DUG's dividend yield for the trailing twelve months is around 4.25%, while CMGG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CMGG Leverage Shares 2X Long CMG Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DUG ProShares UltraShort Oil & Gas | 4.25% | 3.21% | 5.66% | 4.16% | 0.28% | 0.00% | 0.10% | 0.56% | 0.29% |
Frequently Asked Questions
DUG and CMGG have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CMGG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CMGG is cheaper with a 0.75% expense ratio, compared with 0.95% for DUG.
DUG has the higher dividend yield at 4.25%, compared with 0.00% for CMGG.
They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for DUG and 0.75% for CMGG.
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