DUG vs. DIG
Compare and contrast key facts about ProShares UltraShort Oil & Gas (DUG) and ProShares Ultra Oil & Gas (DIG).
DUG and DIG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both DUG and DIG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
DUG vs. DIG - Performance Comparison
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DUG vs. DIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DUG ProShares UltraShort Oil & Gas | -48.01% | -18.63% | -6.13% | -2.28% | -72.98% | -68.12% | -24.59% | -23.47% | 36.14% | -1.09% |
DIG ProShares Ultra Oil & Gas | 85.56% | 2.73% | 0.93% | -13.04% | 125.34% | 115.63% | -70.36% | 12.51% | -40.11% | -7.39% |
Returns By Period
In the year-to-date period, DUG achieves a -48.01% return, which is significantly lower than DIG's 85.56% return. Over the past 10 years, DUG has underperformed DIG with an annualized return of -34.12%, while DIG has yielded a comparatively higher 8.22% annualized return.
DUG
- 1D
- 2.50%
- 1M
- -17.63%
- YTD
- -48.01%
- 6M
- -48.81%
- 1Y
- -48.91%
- 3Y*
- -28.53%
- 5Y*
- -42.02%
- 10Y*
- -34.12%
DIG
- 1D
- -2.11%
- 1M
- 20.66%
- YTD
- 85.56%
- 6M
- 84.85%
- 1Y
- 61.85%
- 3Y*
- 23.97%
- 5Y*
- 36.31%
- 10Y*
- 8.22%
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DUG vs. DIG - Expense Ratio Comparison
Both DUG and DIG have an expense ratio of 0.95%.
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.
| DUG | DIG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.00 | 1.26 | -2.26 |
Sortino ratioReturn per unit of downside risk | -1.66 | 1.68 | -3.34 |
Omega ratioGain probability vs. loss probability | 0.82 | 1.25 | -0.43 |
Calmar ratioReturn relative to maximum drawdown | -0.76 | 1.85 | -2.61 |
Martin ratioReturn relative to average drawdown | -1.47 | 3.79 | -5.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DUG | DIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.00 | 1.26 | -2.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.82 | 0.71 | -1.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.58 | 0.14 | -0.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.52 | 0.01 | -0.53 |
Correlation
The correlation between DUG and DIG is -0.99. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
DUG vs. DIG - Dividend Comparison
DUG's dividend yield for the trailing twelve months is around 5.31%, more than DIG's 1.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DUG ProShares UltraShort Oil & Gas | 5.31% | 3.21% | 5.66% | 4.16% | 0.28% | 0.00% | 0.10% | 0.56% | 0.29% | 0.00% | 0.00% | 0.00% |
DIG ProShares Ultra Oil & Gas | 1.34% | 2.62% | 3.13% | 0.61% | 1.33% | 2.24% | 3.18% | 2.72% | 2.30% | 1.76% | 1.09% | 1.56% |
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 | -65.94% | -35.40% | -30.54% |
Max Drawdown (5Y)Largest decline over 5 years | -94.45% | -46.02% | -48.43% |
Max Drawdown (10Y)Largest decline over 10 years | -99.46% | -92.53% | -6.93% |
Current DrawdownCurrent decline from peak | -99.92% | -45.64% | -54.28% |
Average DrawdownAverage peak-to-trough decline | -88.87% | -64.48% | -24.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.00% | 17.30% | +16.70% |
Volatility
DUG vs. DIG - Volatility Comparison
ProShares UltraShort Oil & Gas (DUG) and ProShares Ultra Oil & Gas (DIG) have volatilities of 10.31% and 9.86%, 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 | 10.31% | 9.86% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 27.99% | 27.64% | +0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.25% | 49.37% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.69% | 51.66% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.60% | 57.59% | +1.01% |