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DUG vs. WTIU
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DUG vs. WTIU

Last updated Jun 3, 2026

DUG (ProShares UltraShort Oil & Gas) and WTIU (MicroSectors Energy 3X Leveraged ETN) are both Leveraged Equities funds - DUG tracks the DJ Global United States (All) / Oil & Gas -IND (-200%) while WTIU tracks the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%). Both are passively managed. Over the past 3 years, DUG returned -27.81%/yr vs 4.54%/yr for WTIU. At a correlation of -0.97, they often move in opposite directions. Both charge a 0.95% expense ratio.

Performance

DUG vs. WTIU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Oil & Gas (DUG) and MicroSectors Energy 3X Leveraged ETN (WTIU). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DUG achieves a -43.18% return, which is significantly lower than WTIU's 84.16% return.

DUG

1D
-2.34%
1M
2.00%
YTD
-43.18%
6M
-43.19%
1Y
-53.28%
3Y*
-27.81%
5Y*
-38.10%
10Y*
-32.24%

WTIU

1D
2.52%
1M
-7.88%
YTD
84.16%
6M
66.93%
1Y
103.84%
3Y*
4.54%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

DUG vs. WTIU - Yearly Performance Comparison

2026 (YTD)202520242023
DUG
ProShares UltraShort Oil & Gas		-43.18%-18.63%-6.13%1.24%
WTIU
MicroSectors Energy 3X Leveraged ETN		84.16%-17.13%-29.63%-28.42%

Correlation

The correlation between DUG and WTIU is -0.96, 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

-0.96

Correlation (3Y)
Calculated over the trailing 3-year period

-0.97

Correlation (All Time)
Calculated using the full available price history since Feb 16, 2023

-0.97

The correlation between DUG and WTIU has been stable across timeframes, ranging from -0.97 to -0.96 - a consistent structural relationship.

DUG vs. WTIU - Sectors Allocation Comparison

Sectors
DUG
WTIU

Financial Services

35.8%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

100.0%

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Financial Services

DUG
35.8%
WTIU

-

Basic Materials

DUG

-

WTIU

-

Communication Services

DUG

-

WTIU

-

Consumer Cyclical

DUG

-

WTIU

-

Consumer Defensive

DUG

-

WTIU

-

Energy

DUG

-

WTIU
100.0%

Healthcare

DUG

-

WTIU

-

Industrials

DUG

-

WTIU

-

Real Estate

DUG

-

WTIU

-

Technology

DUG

-

WTIU

-

Utilities

DUG

-

WTIU

-

Compare stocks, funds, or ETFs

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ProShares UltraShort Oil & Gas

MicroSectors Energy 3X Leveraged ETN

Often compared with DUG:
DUG vs. DIGDUG vs. DRIPDUG vs. ERYDUG vs. NRGDDUG vs. ERXDUG vs. SPYDUG vs. UPRO
Often compared with WTIU:
WTIU vs. OILUWTIU vs. NRGUWTIU vs. USOWTIU vs. ERXWTIU vs. UCOWTIU vs. GUSHWTIU vs. XLE

Return for Risk

DUG vs. WTIU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DUG
DUG Risk / Return Rank: 11
Overall Rank
DUG Sharpe Ratio Rank: 00
Sharpe Ratio Rank
DUG Sortino Ratio Rank: 00
Sortino Ratio Rank
DUG Omega Ratio Rank: 11
Omega Ratio Rank
DUG Calmar Ratio Rank: 11
Calmar Ratio Rank
DUG Martin Ratio Rank: 11
Martin Ratio Rank
WTIU
WTIU Risk / Return Rank: 4444
Overall Rank
WTIU Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
WTIU Sortino Ratio Rank: 3838
Sortino Ratio Rank
WTIU Omega Ratio Rank: 3838
Omega Ratio Rank
WTIU Calmar Ratio Rank: 5757
Calmar Ratio Rank
WTIU Martin Ratio Rank: 4343
Martin Ratio Rank
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. WTIU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Oil & Gas (DUG) and MicroSectors Energy 3X Leveraged ETN (WTIU). 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.

DUGWTIUDifference

Sharpe ratio

Return per unit of total volatility

-1.31

1.55

-2.86

Sortino ratio

Return per unit of downside risk

-2.27

2.00

-4.27

Omega ratio

Gain probability vs. loss probability

0.77

1.25

-0.48

Calmar ratio

Return relative to maximum drawdown

-0.91

2.85

-3.76

Martin ratio

Return relative to average drawdown

-1.64

7.09

-8.72

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. WTIU - Sharpe Ratio Comparison

The current DUG Sharpe Ratio is -1.31, which is lower than the WTIU Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of DUG and WTIU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

DUGWTIUDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-1.31

1.55

-2.86

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

-0.11

-0.40

Drawdowns

DUG vs. WTIU - Drawdown Comparison

The maximum DUG drawdown since its inception was -99.92%, which is greater than WTIU's maximum drawdown of -75.73%. Use the drawdown chart below to compare losses from any high point for DUG and WTIU.

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Drawdown Indicators

DUGWTIUDifference

Max Drawdown

Largest peak-to-trough decline

-99.92%

-75.73%

-24.19%

Max Drawdown (1Y)

Largest decline over 1 year

-59.89%

-39.11%

-20.78%

Max Drawdown (3Y)

Largest decline over 3 years

-68.64%

-75.73%

+7.09%

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

-99.91%

-34.72%

-65.19%

Average Drawdown

Average peak-to-trough decline

-88.97%

-39.19%

-49.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

33.21%

15.74%

+17.47%

Volatility

DUG vs. WTIU - Volatility Comparison

The current volatility for ProShares UltraShort Oil & Gas (DUG) is 16.05%, while MicroSectors Energy 3X Leveraged ETN (WTIU) has a volatility of 27.04%. This indicates that DUG experiences smaller price fluctuations and is considered to be less risky than WTIU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DUGWTIUDifference

Volatility (1M)

Calculated over the trailing 1-month period

16.05%

27.04%

-10.99%

Volatility (6M)

Calculated over the trailing 6-month period

32.92%

54.87%

-21.95%

Volatility (1Y)

Calculated over the trailing 1-year period

40.89%

67.49%

-26.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

51.58%

70.62%

-19.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

58.82%

70.62%

-11.80%

DUG vs. WTIU - Expense Ratio Comparison

Both DUG and WTIU have an expense ratio of 0.95%.

Dividends

DUG vs. WTIU - Dividend Comparison

DUG's dividend yield for the trailing twelve months is around 4.86%, while WTIU has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018
DUG
ProShares UltraShort Oil & Gas		4.86%3.21%5.66%4.16%0.28%0.00%0.10%0.56%0.29%
WTIU
MicroSectors Energy 3X Leveraged ETN		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

DUG and WTIU have a correlation of -0.96, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

WTIU has higher volatility (27.04%) compared to DUG (16.05%). In terms of maximum drawdown, DUG dropped -99.92% vs WTIU's -75.73%.

On 3-year performance, WTIU leads with 4.54% vs -27.81% for DUG. Both ETFs have the same 0.95% expense ratio. On volatility, DUG has been the lower-risk option at 16.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, WTIU has performed better with a 4.54% return vs -27.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DUG and WTIU have the same expense ratio: 0.95% per year.

DUG has the higher dividend yield at 4.86%, compared with 0.00% for WTIU.

DUG tracks DJ Global United States (All) / Oil & Gas -IND (-200%), while WTIU tracks Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%). They also come from different issuers: ProShares and REX.

WTIU currently has the higher Sharpe Ratio (1.55 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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