DUG vs. DRIP
Compare and contrast key facts about ProShares UltraShort Oil & Gas (DUG) and Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP).
DUG and DRIP 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. 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. Both DUG and DRIP 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: DUG or DRIP.
Key characteristics
| DUG | DRIP | |
|---|---|---|
| YTD Return | -22.26% | -10.87% |
| 1Y Return | -25.01% | -11.96% |
| 3Y Return (Ann) | -41.06% | -39.46% |
| 5Y Return (Ann) | -46.65% | -56.18% |
| Sharpe Ratio | -0.75 | -0.31 |
| Sortino Ratio | -1.00 | -0.16 |
| Omega Ratio | 0.89 | 0.98 |
| Calmar Ratio | -0.27 | -0.14 |
| Martin Ratio | -1.30 | -0.72 |
| Ulcer Index | 20.37% | 19.20% |
| Daily Std Dev | 35.33% | 45.14% |
| Max Drawdown | -99.86% | -99.90% |
| Current Drawdown | -99.85% | -99.87% |
Correlation
The correlation between DUG and DRIP 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
DUG vs. DRIP - Performance Comparison
In the year-to-date period, DUG achieves a -22.26% return, which is significantly lower than DRIP's -10.87% return. 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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DUG vs. DRIP - Expense Ratio Comparison
DUG has a 0.95% expense ratio, which is lower than DRIP's 1.07% expense ratio.
Risk-Adjusted Performance
DUG vs. DRIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Oil & Gas (DUG) and Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP). 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
DUG vs. DRIP - Dividend Comparison
DUG's dividend yield for the trailing twelve months is around 4.82%, less than DRIP's 5.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
DUG ProShares UltraShort Oil & Gas | 4.82% | 1.86% | 0.07% | 0.00% | 0.10% | 0.46% | 0.10% |
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | 5.54% | 5.09% | 0.00% | 0.00% | 0.01% | 0.96% | 0.58% |
Drawdowns
DUG vs. DRIP - Drawdown Comparison
The maximum DUG drawdown since its inception was -99.86%, roughly equal to the maximum DRIP drawdown of -99.90%. Use the drawdown chart below to compare losses from any high point for DUG and DRIP. For additional features, visit the drawdowns tool.
Volatility
DUG vs. DRIP - Volatility Comparison
The current volatility for ProShares UltraShort Oil & Gas (DUG) is 11.86%, while Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) has a volatility of 16.77%. This indicates that DUG experiences smaller price fluctuations and is considered to be less risky than DRIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.