DUG vs. OOQB
DUG (ProShares UltraShort Oil & Gas) and OOQB (Volatility Shares One+One Nasdaq-100® and Bitcoin ETF) are both exchange-traded funds - DUG is a Leveraged Equities fund tracking the DJ Global United States (All) / Oil & Gas -IND (-200%), while OOQB is a Nasdaq-100 fund actively managed by Volatility Shares. DUG is passively managed, while OOQB is actively managed. Over the past year, DUG returned -53.44% vs -27.35% for OOQB. At a correlation of -0.17, they often move in opposite directions. DUG charges 0.95%/yr vs 0.75%/yr for OOQB.
Performance
DUG vs. OOQB - Performance Comparison
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Returns By Period
In the year-to-date period, DUG achieves a -44.70% return, which is significantly lower than OOQB's -18.43% 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%
OOQB
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- -18.43%
- 6M
- -24.99%
- 1Y
- -27.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DUG vs. OOQB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DUG ProShares UltraShort Oil & Gas | -44.70% | -6.52% |
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF | -18.43% | -13.30% |
Correlation
The correlation between DUG and OOQB 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 20, 2025 | -0.17 |
The correlation between DUG and OOQB shifts across timeframes, from -0.17 (all time) to -0.05 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DUG vs. OOQB — Risk / Return Rank
DUG
OOQB
DUG vs. OOQB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Oil & Gas (DUG) and Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB). 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 | OOQB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.78 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.94 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | -0.51 | -0.38 |
| Martin ratioReturn relative to average drawdown | -1.60 | -0.91 | -0.69 |
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 | OOQB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.31 | -0.53 | -0.78 |
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 | -0.41 | -0.11 |
Drawdowns
DUG vs. OOQB - Drawdown Comparison
The maximum DUG drawdown since its inception was -99.92%, which is greater than OOQB's maximum drawdown of -53.44%. Use the drawdown chart below to compare losses from any high point for DUG and OOQB.
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Drawdown Indicators
| DUG | OOQB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.92% | -53.44% | -46.48% |
Max Drawdown (1Y)Largest decline over 1 year | -59.89% | -53.44% | -6.45% |
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 DrawdownCurrent decline from peak | -99.92% | -43.69% | -56.23% |
Average DrawdownAverage peak-to-trough decline | -88.97% | -23.26% | -65.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.39% | 30.11% | +3.28% |
Volatility
DUG vs. OOQB - Volatility Comparison
ProShares UltraShort Oil & Gas (DUG) has a higher volatility of 16.20% compared to Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB) at 0.00%. This indicates that DUG's price experiences larger fluctuations and is considered to be riskier than OOQB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DUG | OOQB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.20% | 0.00% | +16.20% |
Volatility (6M)Calculated over the trailing 6-month period | 32.96% | 39.39% | -6.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.91% | 51.57% | -10.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.59% | 58.12% | -6.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.81% | 58.12% | +0.69% |
DUG vs. OOQB - Expense Ratio Comparison
DUG has a 0.95% expense ratio, which is higher than OOQB's 0.75% expense ratio.
Dividends
DUG vs. OOQB - Dividend Comparison
DUG's dividend yield for the trailing twelve months is around 4.99%, less than OOQB's 11.62% yield.
| 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% |
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF | 11.62% | 9.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DUG and OOQB 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.
DUG has higher volatility (16.20%) compared to OOQB (0.00%). In terms of maximum drawdown, DUG dropped -99.92% vs OOQB's -53.44%.
On 1-year performance, OOQB leads with -27.35% vs -53.44% for DUG. On fees, OOQB is cheaper at 0.75% per year. On volatility, OOQB has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, OOQB has performed better with a -27.35% return vs -53.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OOQB is cheaper with a 0.75% expense ratio, compared with 0.95% for DUG.
OOQB has the higher dividend yield at 11.62%, compared with 4.99% for DUG.
DUG is categorized as Leveraged Equities, while OOQB is Nasdaq-100. They also come from different issuers: ProShares and Volatility Shares. Their fees differ too: 0.95% for DUG and 0.75% for OOQB.
OOQB currently has the higher Sharpe Ratio (-0.53 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.
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