GDXW vs. DIG

Last updated Jul 17, 2026

GDXW (Roundhill Gold Miners Weeklypay ETF) and DIG (ProShares Ultra Oil & Gas) are both exchange-traded funds - GDXW is a Gold fund actively managed by Roundhill, while DIG is a Leveraged Equities fund tracking the Dow Jones U.S. Oil & Gas Index (200%). GDXW is actively managed, while DIG is passively managed. At a correlation of -0.08, they often move in opposite directions. GDXW charges 0.99%/yr vs 0.95%/yr for DIG.

Performance

GDXW vs. DIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Gold Miners Weeklypay ETF (GDXW) and ProShares Ultra Oil & Gas (DIG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GDXW achieves a -23.48% return, which is significantly lower than DIG's 57.02% return.

GDXW

• 1D: -4.16%
• 1M: -21.57%
• 6M: -33.84%
• YTD: -23.48%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DIG

• 1D: 1.92%
• 1M: 6.49%
• 6M: 39.50%
• YTD: 57.02%
• 1Y: 68.08%
• 3Y*: 19.43%
• 5Y*: 33.20%
• 10Y*: 3.82%

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

GDXW vs. DIG - Yearly Performance Comparison

	2026 (YTD)	2025
GDXW Roundhill Gold Miners Weeklypay ETF	-23.48%	25.26%
DIG ProShares Ultra Oil & Gas	57.02%	3.50%

Correlation

The correlation between GDXW and DIG is -0.08, 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 (All Time) Calculated using the full available price history since Oct 30, 2025	-0.08

Return for Risk

GDXW vs. DIG — Risk / Return Rank

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

GDXW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

DIG

DIG Risk / Return Rank: 53
DIG Sharpe Ratio Rank: 62
DIG Sortino Ratio Rank: 53
DIG Omega Ratio Rank: 50
DIG Calmar Ratio Rank: 57
DIG Martin Ratio Rank: 45

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.

GDXW vs. DIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Gold Miners Weeklypay ETF (GDXW) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GDXW	DIG	Difference
Sharpe ratio: Return per unit of total volatility	—	1.64	—
Sortino ratio: Return per unit of downside risk	—	2.10	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	2.30	—
Martin ratio: Return relative to average drawdown	—	5.96	—

Drawdowns

GDXW vs. DIG - Drawdown Comparison

The maximum GDXW drawdown since its inception was -46.10%, smaller than the maximum DIG drawdown of -97.04%. Use the drawdown chart below to compare losses from any high point for GDXW and DIG.

Drawdown Indicators

	GDXW	DIG	Difference
Max Drawdown Largest peak-to-trough decline	-46.10%	-97.04%	+50.94%
Max Drawdown (1Y) Largest decline over 1 year	—	-29.80%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-42.41%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-46.02%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-92.53%	—
Current Drawdown Current decline from peak	-46.10%	-54.00%	+7.90%
Average Drawdown Average peak-to-trough decline	-17.74%	-64.31%	+46.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.46%	—

Volatility

Volatility by Period

	GDXW	DIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.34%	—
Volatility (6M) Calculated over the trailing 6-month period	—	33.38%	—
Volatility (1Y) Calculated over the trailing 1-year period	61.94%	41.89%	+20.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.94%	51.35%	+10.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.94%	57.79%	+4.15%

GDXW vs. DIG - Expense Ratio Comparison

GDXW has a 0.99% expense ratio, which is higher than DIG's 0.95% expense ratio.

Dividends

GDXW vs. DIG - Dividend Comparison

GDXW's dividend yield for the trailing twelve months is around 59.46%, more than DIG's 1.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DIG ProShares Ultra Oil & Gas	1.58%	2.62%	3.13%	0.61%	1.33%	2.24%	3.18%	2.72%	2.30%	1.76%	1.09%	1.56%
GDXW Roundhill Gold Miners Weeklypay ETF	59.46%	7.48%	0.00%	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 GDXW and DIG in my portfolio?

GDXW and DIG have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GDXW or DIG?

On fees, DIG is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GDXW or DIG?

DIG is cheaper with a 0.95% expense ratio, compared with 0.99% for GDXW.

Which ETF pays a higher dividend yield, GDXW or DIG?

GDXW has the higher dividend yield at 59.46%, compared with 1.58% for DIG.

What is the main difference between GDXW and DIG?

GDXW is categorized as Gold, while DIG is Leveraged Equities. They also come from different issuers: Roundhill and ProShares. Their fees differ too: 0.99% for GDXW and 0.95% for DIG.