IBTG vs. DIG
IBTG (iShares iBonds Dec 2026 Term Treasury ETF) and DIG (ProShares Ultra Oil & Gas) are both exchange-traded funds - IBTG is a Government Bonds fund tracking the ICE 2026 Maturity US Treasury Index, while DIG is a Leveraged Equities fund tracking the Dow Jones U.S. Oil & Gas Index (200%). Both are passively managed. Over the past 5 years, IBTG returned 0.83%/yr vs 33.20%/yr for DIG. At a correlation of -0.15, they often move in opposite directions. IBTG charges 0.07%/yr vs 0.95%/yr for DIG.
Performance
IBTG vs. DIG - Performance Comparison
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Returns By Period
In the year-to-date period, IBTG achieves a 1.87% return, which is significantly lower than DIG's 57.02% return.
IBTG
- 1D
- 0.04%
- 1M
- 0.31%
- 6M
- 1.75%
- YTD
- 1.87%
- 1Y
- 4.04%
- 3Y*
- 4.31%
- 5Y*
- 0.83%
- 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%
IBTG vs. DIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBTG iShares iBonds Dec 2026 Term Treasury ETF | 1.87% | 4.40% | 3.97% | 4.34% | -8.18% | -3.04% | 4.23% |
DIG ProShares Ultra Oil & Gas | 57.02% | 2.73% | 0.93% | -13.04% | 125.34% | 115.63% | -45.88% |
Correlation
The correlation between IBTG and DIG is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2020 | -0.15 |
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Return for Risk
IBTG vs. DIG — Risk / Return Rank
IBTG
DIG
IBTG vs. DIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2026 Term Treasury ETF (IBTG) 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.
| IBTG | DIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.59 | ||
| Sortino ratioReturn per unit of downside risk | +19.46 | ||
| Omega ratioGain probability vs. loss probability | 4.68 | 1.26 | +3.42 |
| Calmar ratioReturn relative to maximum drawdown | 62.00 | 2.30 | +59.71 |
| Martin ratioReturn relative to average drawdown | 280.44 | 5.96 | +274.48 |
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Drawdowns
IBTG vs. DIG - Drawdown Comparison
The maximum IBTG drawdown since its inception was -13.62%, smaller than the maximum DIG drawdown of -97.04%. Use the drawdown chart below to compare losses from any high point for IBTG and DIG.
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Drawdown Indicators
| IBTG | DIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.62% | -97.04% | +83.42% |
Max Drawdown (1Y)Largest decline over 1 year | -0.07% | -29.80% | +29.73% |
Max Drawdown (3Y)Largest decline over 3 years | -1.11% | -42.41% | +41.30% |
Max Drawdown (5Y)Largest decline over 5 years | -12.31% | -46.02% | +33.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -92.53% | — |
Current DrawdownCurrent decline from peak | 0.00% | -54.00% | +54.00% |
Average DrawdownAverage peak-to-trough decline | -4.80% | -64.31% | +59.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 11.46% | -11.45% |
Volatility
IBTG vs. DIG - Volatility Comparison
The current volatility for iShares iBonds Dec 2026 Term Treasury ETF (IBTG) is 0.10%, while ProShares Ultra Oil & Gas (DIG) has a volatility of 12.34%. This indicates that IBTG experiences smaller price fluctuations and is considered to be less risky than DIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBTG | DIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.10% | 12.34% | -12.24% |
Volatility (6M)Calculated over the trailing 6-month period | 0.29% | 33.38% | -33.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.49% | 41.89% | -41.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.24% | 51.35% | -48.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.42% | 57.79% | -54.37% |
IBTG vs. DIG - Expense Ratio Comparison
IBTG has a 0.07% expense ratio, which is lower than DIG's 0.95% expense ratio.
Dividends
IBTG vs. DIG - Dividend Comparison
IBTG's dividend yield for the trailing twelve months is around 3.92%, 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% |
IBTG iShares iBonds Dec 2026 Term Treasury ETF | 3.92% | 4.03% | 4.08% | 3.61% | 2.06% | 0.66% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBTG and DIG have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIG has higher volatility (12.34%) compared to IBTG (0.10%). In terms of maximum drawdown, IBTG dropped -13.62% vs DIG's -97.04%.
On 5-year performance, DIG leads with 33.20% vs 0.83% for IBTG. On fees, IBTG is cheaper at 0.07% per year. On volatility, IBTG has been the lower-risk option at 0.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DIG has performed better with a 33.20% return vs 0.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTG is cheaper with a 0.07% expense ratio, compared with 0.95% for DIG.
IBTG has the higher dividend yield at 3.92%, compared with 1.58% for DIG.
IBTG is categorized as Government Bonds, while DIG is Leveraged Equities. IBTG tracks ICE 2026 Maturity US Treasury Index, while DIG tracks Dow Jones U.S. Oil & Gas Index (200%). They also come from different issuers: iShares and ProShares. Their fees differ too: 0.07% for IBTG and 0.95% for DIG.
IBTG currently has the higher Sharpe Ratio (8.22 vs 1.64), 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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