DUG vs. INTW

Last updated Jun 4, 2026

DUG (ProShares UltraShort Oil & Gas) and INTW (GraniteShares 2x Long INTC Daily ETF) are both Leveraged Equities funds. DUG is passively managed, while INTW is actively managed. Over the past year, DUG returned -53.44% vs 1617.48% for INTW. At a correlation of -0.16, they often move in opposite directions. DUG charges 0.95%/yr vs 1.50%/yr for INTW.

Performance

DUG vs. INTW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Oil & Gas (DUG) and GraniteShares 2x Long INTC Daily ETF (INTW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DUG achieves a -44.70% return, which is significantly lower than INTW's 562.71% return.

DUG

• 1D: -2.67%
• 1M: 1.02%
• YTD: -44.70%
• 6M: -42.64%
• 1Y: -53.44%
• 3Y*: -28.46%
• 5Y*: -38.28%
• 10Y*: -32.42%

INTW

• 1D: 8.89%
• 1M: 29.41%
• YTD: 562.71%
• 6M: 361.23%
• 1Y: 1,617.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DUG vs. INTW - Yearly Performance Comparison

	2026 (YTD)	2025
DUG ProShares UltraShort Oil & Gas	-44.70%	-10.72%
INTW GraniteShares 2x Long INTC Daily ETF	562.71%	50.41%

Correlation

The correlation between DUG and INTW is -0.05, 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 (1Y) Calculated over the trailing 1-year period	-0.05
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025	-0.16

The correlation between DUG and INTW shifts across timeframes, from -0.16 (all time) to -0.05 (1 year), reflecting how their relationship changes across market environments.

DUG vs. INTW - Sectors Allocation Comparison

Sectors	DUG	INTW
Financial Services	35.8%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	66.7%
Utilities	-	-

Return for Risk

DUG vs. INTW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DUG

DUG Risk / Return Rank: 1
DUG Sharpe Ratio Rank: 0
DUG Sortino Ratio Rank: 0
DUG Omega Ratio Rank: 1
DUG Calmar Ratio Rank: 1
DUG Martin Ratio Rank: 1

INTW

INTW Risk / Return Rank: 97
INTW Sharpe Ratio Rank: 99
INTW Sortino Ratio Rank: 95
INTW Omega Ratio Rank: 93
INTW Calmar Ratio Rank: 99
INTW Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DUG vs. INTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Oil & Gas (DUG) and GraniteShares 2x Long INTC Daily ETF (INTW). 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	INTW	Difference
Sharpe ratio: Return per unit of total volatility	-1.31	11.42	-12.73
Sortino ratio: Return per unit of downside risk	-2.28	5.09	-7.37
Omega ratio: Gain probability vs. loss probability	0.77	1.64	-0.87
Calmar ratio: Return relative to maximum drawdown	-0.89	33.18	-34.07
Martin ratio: Return relative to average drawdown	-1.60	77.63	-79.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DUG vs. INTW - Sharpe Ratio Comparison

The current DUG Sharpe Ratio is -1.31, which is lower than the INTW Sharpe Ratio of 11.42. The chart below compares the historical Sharpe Ratios of DUG and INTW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DUG	INTW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.31	11.42	-12.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.74	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.51	3.39	-3.90

Drawdowns

DUG vs. INTW - Drawdown Comparison

The maximum DUG drawdown since its inception was -99.92%, which is greater than INTW's maximum drawdown of -60.58%. Use the drawdown chart below to compare losses from any high point for DUG and INTW.

Drawdown Indicators

	DUG	INTW	Difference
Max Drawdown Largest peak-to-trough decline	-99.92%	-60.58%	-39.34%
Max Drawdown (1Y) Largest decline over 1 year	-59.89%	-49.34%	-10.55%
Max Drawdown (3Y) Largest decline over 3 years	-68.64%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-94.03%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-99.46%	—	—
Current Drawdown Current decline from peak	-99.92%	-26.69%	-73.23%
Average Drawdown Average peak-to-trough decline	-88.97%	-30.07%	-58.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.39%	21.05%	+12.34%

Volatility

DUG vs. INTW - Volatility Comparison

The current volatility for ProShares UltraShort Oil & Gas (DUG) is 16.20%, while GraniteShares 2x Long INTC Daily ETF (INTW) has a volatility of 48.71%. This indicates that DUG experiences smaller price fluctuations and is considered to be less risky than INTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DUG	INTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.20%	48.71%	-32.51%
Volatility (6M) Calculated over the trailing 6-month period	32.96%	111.40%	-78.44%
Volatility (1Y) Calculated over the trailing 1-year period	40.91%	143.36%	-102.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.59%	145.22%	-93.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.81%	145.22%	-86.41%

DUG vs. INTW - Expense Ratio Comparison

DUG has a 0.95% expense ratio, which is lower than INTW's 1.50% expense ratio.

Dividends

DUG vs. INTW - Dividend Comparison

DUG's dividend yield for the trailing twelve months is around 4.99%, while INTW has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DUG ProShares UltraShort Oil & Gas	4.99%	3.21%	5.66%	4.16%	0.28%	0.00%	0.10%	0.56%	0.29%
INTW GraniteShares 2x Long INTC Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DUG and INTW in my portfolio?

DUG and INTW have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DUG or INTW?

INTW has higher volatility (48.71%) compared to DUG (16.20%). In terms of maximum drawdown, DUG dropped -99.92% vs INTW's -60.58%.

Which ETF is better, DUG or INTW?

On 1-year performance, INTW leads with 1617.48% vs -53.44% for DUG. On fees, DUG is cheaper at 0.95% per year. On volatility, DUG has been the lower-risk option at 16.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DUG or INTW?

Over the 1-year period, INTW has performed better with a 1617.48% return vs -53.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DUG or INTW?

DUG is cheaper with a 0.95% expense ratio, compared with 1.50% for INTW.

Which ETF pays a higher dividend yield, DUG or INTW?

DUG has the higher dividend yield at 4.99%, compared with 0.00% for INTW.

What is the main difference between DUG and INTW?

They also come from different issuers: ProShares and GraniteShares. Their fees differ too: 0.95% for DUG and 1.50% for INTW.

Which has better risk-adjusted returns?

INTW currently has the higher Sharpe Ratio (11.42 vs -1.31), 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.