OILD vs. DIG
OILD (MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs) and DIG (ProShares Ultra Oil & Gas) are both exchange-traded funds - OILD is a Inverse Equities fund tracking the Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%), while DIG is a Leveraged Equities fund tracking the Dow Jones U.S. Oil & Gas Index (200%). Both are passively managed. Over the past 3 years, OILD returned -44.01%/yr vs 17.83%/yr for DIG. At a correlation of -0.99, they often move in opposite directions. Both charge a 0.95% expense ratio.
Performance
OILD vs. DIG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, OILD achieves a -51.09% return, which is significantly lower than DIG's 42.29% return.
OILD
- 1D
- -2.73%
- 1M
- 20.25%
- YTD
- -51.09%
- 6M
- -52.16%
- 1Y
- -62.90%
- 3Y*
- -44.01%
- 5Y*
- —
- 10Y*
- —
DIG
- 1D
- 1.92%
- 1M
- -12.14%
- YTD
- 42.29%
- 6M
- 44.39%
- 1Y
- 57.19%
- 3Y*
- 17.83%
- 5Y*
- 24.19%
- 10Y*
- 4.21%
OILD vs. DIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | -51.09% | -41.67% | -14.58% | -19.58% | -90.32% | 3.83% |
DIG ProShares Ultra Oil & Gas | 42.29% | 2.73% | 0.93% | -13.04% | 125.34% | -10.98% |
Correlation
The correlation between OILD and DIG is -0.99, 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 | -0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.99 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021 | -0.99 |
The correlation between OILD and DIG has been stable across timeframes, ranging from -0.99 to -0.99 - a consistent structural relationship.
OILD vs. DIG - Sectors Allocation Comparison
Sectors
OILD
DIG
Energy
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Financial Services
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Technology
-
-
Utilities
-
-
Energy
OILD
DIG
Basic Materials
OILD
-
DIG
-
Communication Services
OILD
-
DIG
-
Consumer Cyclical
OILD
-
DIG
-
Consumer Defensive
OILD
-
DIG
-
Financial Services
OILD
-
DIG
Healthcare
OILD
-
DIG
-
Industrials
OILD
-
DIG
-
Real Estate
OILD
-
DIG
-
Technology
OILD
-
DIG
-
Utilities
OILD
-
DIG
-
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
OILD vs. DIG — Risk / Return Rank
OILD
DIG
OILD vs. DIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) 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.
| OILD | DIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.40 | ||
| Sortino ratioReturn per unit of downside risk | -3.66 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.23 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 2.04 | -2.88 |
| Martin ratioReturn relative to average drawdown | -1.40 | 5.75 | -7.16 |
Loading charts...
Drawdowns
OILD vs. DIG - Drawdown Comparison
The maximum OILD drawdown since its inception was -98.90%, roughly equal to the maximum DIG drawdown of -97.04%. Use the drawdown chart below to compare losses from any high point for OILD and DIG.
Loading charts...
Drawdown Indicators
| OILD | DIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.90% | -97.04% | -1.86% |
Max Drawdown (1Y)Largest decline over 1 year | -74.53% | -28.23% | -46.30% |
Max Drawdown (3Y)Largest decline over 3 years | -87.76% | -42.41% | -45.35% |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -92.53% | — |
Current DrawdownCurrent decline from peak | -98.41% | -58.32% | -40.09% |
Average DrawdownAverage peak-to-trough decline | -88.69% | -64.33% | -24.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.80% | 9.97% | +34.83% |
Volatility
OILD vs. DIG - Volatility Comparison
MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) has a higher volatility of 21.07% compared to ProShares Ultra Oil & Gas (DIG) at 13.71%. This indicates that OILD's price experiences larger fluctuations and is considered to be riskier than DIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| OILD | DIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.07% | 13.71% | +7.36% |
Volatility (6M)Calculated over the trailing 6-month period | 49.80% | 33.85% | +15.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.31% | 41.53% | +20.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.36% | 51.55% | +27.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.36% | 57.82% | +21.54% |
OILD vs. DIG - Expense Ratio Comparison
Both OILD and DIG have an expense ratio of 0.95%.
Dividends
OILD vs. DIG - Dividend Comparison
OILD has not paid dividends to shareholders, while DIG's dividend yield for the trailing twelve months is around 1.74%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIG ProShares Ultra Oil & Gas | 1.74% | 2.62% | 3.13% | 0.61% | 1.33% | 2.24% | 3.18% | 2.72% | 2.30% | 1.76% | 1.09% | 1.56% |
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
OILD and DIG have a correlation of -0.99, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OILD has higher volatility (21.07%) compared to DIG (13.71%). In terms of maximum drawdown, OILD dropped -98.90% vs DIG's -97.04%.
On 3-year performance, DIG leads with 17.83% vs -44.01% for OILD. Both ETFs have the same 0.95% expense ratio. On volatility, DIG has been the lower-risk option at 13.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DIG has performed better with a 17.83% return vs -44.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OILD and DIG have the same expense ratio: 0.95% per year.
DIG has the higher dividend yield at 1.74%, compared with 0.00% for OILD.
OILD is categorized as Inverse Equities, while DIG is Leveraged Equities. OILD tracks Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%), while DIG tracks Dow Jones U.S. Oil & Gas Index (200%). They also come from different issuers: REX and ProShares.
DIG currently has the higher Sharpe Ratio (1.38 vs -1.01), 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.
Find the right allocation for OILD and DIG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer