IWDL vs. DIG
Compare and contrast key facts about ETRACS 2x Leveraged US Value Factor TR ETN (IWDL) and ProShares Ultra Oil & Gas (DIG).
IWDL and DIG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWDL is a passively managed fund by UBS that tracks the performance of the Russell 1000 Value (200%). It was launched on Feb 5, 2021. DIG is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Oil & Gas Index (200%). It was launched on Jan 30, 2007. Both IWDL and DIG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IWDL vs. DIG - Performance Comparison
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IWDL vs. DIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IWDL ETRACS 2x Leveraged US Value Factor TR ETN | 2.06% | 25.02% | 20.68% | 13.50% | -21.27% | 40.35% |
DIG ProShares Ultra Oil & Gas | 85.56% | 2.73% | 0.93% | -13.04% | 125.34% | 72.85% |
Returns By Period
In the year-to-date period, IWDL achieves a 2.06% return, which is significantly lower than DIG's 85.56% return.
IWDL
- 1D
- 4.14%
- 1M
- -9.86%
- YTD
- 2.06%
- 6M
- 8.41%
- 1Y
- 23.96%
- 3Y*
- 20.71%
- 5Y*
- 10.87%
- 10Y*
- —
DIG
- 1D
- -2.11%
- 1M
- 20.66%
- YTD
- 85.56%
- 6M
- 84.85%
- 1Y
- 61.85%
- 3Y*
- 23.97%
- 5Y*
- 36.31%
- 10Y*
- 8.22%
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IWDL vs. DIG - Expense Ratio Comparison
Both IWDL and DIG have an expense ratio of 0.95%.
Return for Risk
IWDL vs. DIG — Risk / Return Rank
IWDL
DIG
IWDL vs. DIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS 2x Leveraged US Value Factor TR ETN (IWDL) 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.
| IWDL | DIG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.71 | 1.26 | -0.55 |
Sortino ratioReturn per unit of downside risk | 1.20 | 1.68 | -0.49 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.25 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.85 | -0.74 |
Martin ratioReturn relative to average drawdown | 5.17 | 3.79 | +1.39 |
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
| IWDL | DIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 1.26 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.71 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.01 | +0.44 |
Correlation
The correlation between IWDL and DIG is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
IWDL vs. DIG - Dividend Comparison
IWDL has not paid dividends to shareholders, while DIG's dividend yield for the trailing twelve months is around 1.34%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWDL ETRACS 2x Leveraged US Value Factor TR ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DIG ProShares Ultra Oil & Gas | 1.34% | 2.62% | 3.13% | 0.61% | 1.33% | 2.24% | 3.18% | 2.72% | 2.30% | 1.76% | 1.09% | 1.56% |
Drawdowns
IWDL vs. DIG - Drawdown Comparison
The maximum IWDL drawdown since its inception was -37.95%, smaller than the maximum DIG drawdown of -97.04%. Use the drawdown chart below to compare losses from any high point for IWDL and DIG.
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Drawdown Indicators
| IWDL | DIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.95% | -97.04% | +59.09% |
Max Drawdown (1Y)Largest decline over 1 year | -23.92% | -35.40% | +11.48% |
Max Drawdown (5Y)Largest decline over 5 years | -37.95% | -46.02% | +8.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -92.53% | — |
Current DrawdownCurrent decline from peak | -9.95% | -45.64% | +35.69% |
Average DrawdownAverage peak-to-trough decline | -10.91% | -64.48% | +53.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.12% | 17.30% | -12.18% |
Volatility
IWDL vs. DIG - Volatility Comparison
The current volatility for ETRACS 2x Leveraged US Value Factor TR ETN (IWDL) is 8.82%, while ProShares Ultra Oil & Gas (DIG) has a volatility of 9.86%. This indicates that IWDL 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
| IWDL | DIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.82% | 9.86% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 18.05% | 27.64% | -9.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.77% | 49.37% | -15.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.32% | 51.66% | -21.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.24% | 57.59% | -27.35% |