MLPR vs. DIG
Compare and contrast key facts about ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) and ProShares Ultra Oil & Gas (DIG).
MLPR and DIG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MLPR is a passively managed fund by UBS that tracks the performance of the Alerian MLP Index (150%). It was launched on Jun 2, 2020. 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 MLPR 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
MLPR vs. DIG - Performance Comparison
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MLPR vs. DIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 24.29% | 9.83% | 31.57% | 35.87% | 41.04% | 57.33% | -9.51% |
DIG ProShares Ultra Oil & Gas | 85.56% | 2.73% | 0.93% | -13.04% | 125.34% | 115.63% | -19.10% |
Returns By Period
In the year-to-date period, MLPR achieves a 24.29% return, which is significantly lower than DIG's 85.56% return.
MLPR
- 1D
- -1.21%
- 1M
- 1.32%
- YTD
- 24.29%
- 6M
- 30.59%
- 1Y
- 15.78%
- 3Y*
- 32.28%
- 5Y*
- 32.14%
- 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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MLPR vs. DIG - Expense Ratio Comparison
Both MLPR and DIG have an expense ratio of 0.95%.
Return for Risk
MLPR vs. DIG — Risk / Return Rank
MLPR
DIG
MLPR vs. DIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) 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.
| MLPR | DIG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.57 | 1.26 | -0.69 |
Sortino ratioReturn per unit of downside risk | 0.86 | 1.68 | -0.82 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.25 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.62 | 1.85 | -1.23 |
Martin ratioReturn relative to average drawdown | 1.44 | 3.79 | -2.34 |
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
| MLPR | DIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 1.26 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.09 | 0.71 | +0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.01 | +0.92 |
Correlation
The correlation between MLPR and DIG is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MLPR vs. DIG - Dividend Comparison
MLPR's dividend yield for the trailing twelve months is around 9.14%, more than DIG's 1.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 9.14% | 10.85% | 9.57% | 10.08% | 7.49% | 10.69% | 4.21% | 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
MLPR vs. DIG - Drawdown Comparison
The maximum MLPR drawdown since its inception was -48.98%, smaller than the maximum DIG drawdown of -97.04%. Use the drawdown chart below to compare losses from any high point for MLPR and DIG.
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Drawdown Indicators
| MLPR | DIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.98% | -97.04% | +48.06% |
Max Drawdown (1Y)Largest decline over 1 year | -24.45% | -35.40% | +10.95% |
Max Drawdown (5Y)Largest decline over 5 years | -28.66% | -46.02% | +17.36% |
Max Drawdown (10Y)Largest decline over 10 years | — | -92.53% | — |
Current DrawdownCurrent decline from peak | -4.17% | -45.64% | +41.47% |
Average DrawdownAverage peak-to-trough decline | -9.09% | -64.48% | +55.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.53% | 17.30% | -6.77% |
Volatility
MLPR vs. DIG - Volatility Comparison
The current volatility for ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) is 4.93%, while ProShares Ultra Oil & Gas (DIG) has a volatility of 9.86%. This indicates that MLPR 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
| MLPR | DIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 9.86% | -4.93% |
Volatility (6M)Calculated over the trailing 6-month period | 14.06% | 27.64% | -13.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.04% | 49.37% | -21.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.60% | 51.66% | -22.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.01% | 57.59% | -23.58% |