DUG vs. DIG
DUG (ProShares UltraShort Oil & Gas) and DIG (ProShares Ultra Oil & Gas) are both Leveraged Equities funds from ProShares - DUG tracks the DJ Global United States (All) / Oil & Gas -IND (-200%) while DIG tracks the Dow Jones U.S. Oil & Gas Index (200%). Both are passively managed. Over the past 10 years, DUG returned -31.27%/yr vs 3.62%/yr for DIG. At a correlation of -0.99, they often move in opposite directions. Both charge a 0.95% expense ratio.
Performance
DUG vs. DIG - Performance Comparison
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Returns By Period
In the year-to-date period, DUG achieves a -35.95% return, which is significantly lower than DIG's 42.45% return. Over the past 10 years, DUG has underperformed DIG with an annualized return of -31.27%, while DIG has yielded a comparatively higher 3.62% annualized return.
DUG
- 1D
- -2.63%
- 1M
- 18.26%
- YTD
- -35.95%
- 6M
- -37.15%
- 1Y
- -38.97%
- 3Y*
- -26.05%
- 5Y*
- -36.45%
- 10Y*
- -31.27%
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%
DUG vs. DIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DUG ProShares UltraShort Oil & Gas | -35.95% | -18.63% | -6.13% | -2.28% | -72.98% | -68.12% | -24.59% | -23.47% | 36.14% | -1.09% |
DIG ProShares Ultra Oil & Gas | 42.45% | 2.73% | 0.93% | -13.04% | 125.34% | 115.63% | -70.36% | 12.51% | -40.11% | -7.39% |
Correlation
The correlation between DUG and DIG is -1.00, 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 | -1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | -1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | -1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | -1.00 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2007 | -0.99 |
The correlation between DUG and DIG has been stable across timeframes, ranging from -1.00 to -0.99 - a consistent structural relationship.
DUG vs. DIG - Sectors Allocation Comparison
Sectors
DUG
DIG
Financial Services
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Energy
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Technology
-
-
Utilities
-
-
Financial Services
DUG
DIG
Basic Materials
DUG
-
DIG
-
Communication Services
DUG
-
DIG
-
Consumer Cyclical
DUG
-
DIG
-
Consumer Defensive
DUG
-
DIG
-
Energy
DUG
-
DIG
Healthcare
DUG
-
DIG
-
Industrials
DUG
-
DIG
-
Real Estate
DUG
-
DIG
-
Technology
DUG
-
DIG
-
Utilities
DUG
-
DIG
-
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Return for Risk
DUG vs. DIG — Risk / Return Rank
DUG
DIG
DUG vs. DIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Oil & Gas (DUG) and ProShares Ultra Oil & Gas (DIG). 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 | DIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -2.93 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.19 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 1.58 | -2.27 |
| Martin ratioReturn relative to average drawdown | -1.23 | 4.66 | -5.89 |
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Drawdowns
DUG vs. DIG - Drawdown Comparison
The maximum DUG drawdown since its inception was -99.92%, roughly equal to the maximum DIG drawdown of -97.04%. Use the drawdown chart below to compare losses from any high point for DUG and DIG.
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Drawdown Indicators
| DUG | DIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.92% | -97.04% | -2.88% |
Max Drawdown (1Y)Largest decline over 1 year | -57.00% | -28.23% | -28.77% |
Max Drawdown (3Y)Largest decline over 3 years | -68.64% | -42.41% | -26.23% |
Max Drawdown (5Y)Largest decline over 5 years | -94.03% | -46.02% | -48.01% |
Max Drawdown (10Y)Largest decline over 10 years | -99.46% | -92.53% | -6.93% |
Current DrawdownCurrent decline from peak | -99.90% | -58.27% | -41.63% |
Average DrawdownAverage peak-to-trough decline | -88.98% | -64.33% | -24.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.68% | 9.61% | +22.07% |
Volatility
DUG vs. DIG - Volatility Comparison
ProShares UltraShort Oil & Gas (DUG) and ProShares Ultra Oil & Gas (DIG) have volatilities of 13.99% and 13.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DUG | DIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.99% | 13.98% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 33.63% | 33.82% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.89% | 41.81% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.52% | 51.53% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.88% | 57.87% | +1.01% |
DUG vs. DIG - Expense Ratio Comparison
Both DUG and DIG have an expense ratio of 0.95%.
Dividends
DUG vs. DIG - Dividend Comparison
DUG's dividend yield for the trailing twelve months is around 4.31%, more than DIG's 1.75% 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% |
DUG ProShares UltraShort Oil & Gas | 4.31% | 3.21% | 5.66% | 4.16% | 0.28% | 0.00% | 0.10% | 0.56% | 0.29% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DUG and DIG have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DUG has higher volatility (13.99%) compared to DIG (13.98%). In terms of maximum drawdown, DUG dropped -99.92% vs DIG's -97.04%.
On 10-year performance, DIG leads with 3.62% vs -31.27% for DUG. Both ETFs have the same 0.95% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DIG has performed better with a 3.62% return vs -31.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DUG and DIG have the same expense ratio: 0.95% per year.
DUG has the higher dividend yield at 4.31%, compared with 1.75% for DIG.
DUG tracks DJ Global United States (All) / Oil & Gas -IND (-200%), while DIG tracks Dow Jones U.S. Oil & Gas Index (200%).
DIG currently has the higher Sharpe Ratio (1.07 vs -0.94), 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.
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