RXD vs. DIG
RXD (ProShares UltraShort Health Care) and DIG (ProShares Ultra Oil & Gas) are both Leveraged Equities funds from ProShares - RXD tracks the DJ Global United States (All) / Health Care -IND (-200%) while DIG tracks the Dow Jones U.S. Oil & Gas Index (200%). Both are passively managed. Over the past 10 years, RXD returned -19.08%/yr vs 4.90%/yr for DIG. At a correlation of -0.36, they often move in opposite directions. Both charge a 0.95% expense ratio.
Performance
RXD vs. DIG - Performance Comparison
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Returns By Period
In the year-to-date period, RXD achieves a 4.25% return, which is significantly lower than DIG's 66.82% return. Over the past 10 years, RXD has underperformed DIG with an annualized return of -19.08%, while DIG has yielded a comparatively higher 4.90% annualized return.
RXD
- 1D
- -5.76%
- 1M
- -8.56%
- YTD
- 4.25%
- 6M
- 2.28%
- 1Y
- -22.97%
- 3Y*
- -6.72%
- 5Y*
- -7.99%
- 10Y*
- -19.08%
DIG
- 1D
- 0.28%
- 1M
- -3.40%
- YTD
- 66.82%
- 6M
- 58.48%
- 1Y
- 98.04%
- 3Y*
- 24.00%
- 5Y*
- 28.36%
- 10Y*
- 4.90%
RXD vs. DIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RXD ProShares UltraShort Health Care | 4.25% | -21.66% | 4.83% | 3.25% | 1.20% | -37.97% | -44.25% | -32.44% | -14.33% | -35.24% |
DIG ProShares Ultra Oil & Gas | 66.82% | 2.73% | 0.93% | -13.04% | 125.34% | 115.63% | -70.36% | 12.51% | -40.11% | -7.39% |
Correlation
The correlation between RXD and DIG is -0.00, 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 (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.27 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2007 | -0.36 |
Over the past year, the inverse relationship between RXD and DIG has weakened: their correlation has moved from -0.36 to -0.00, meaning they move in opposite directions less often than they have historically.
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Return for Risk
RXD vs. DIG — Risk / Return Rank
RXD
DIG
RXD vs. DIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Health Care (RXD) 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.
| RXD | DIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.19 | ||
| Sortino ratioReturn per unit of downside risk | -3.71 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.35 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 4.23 | -4.90 |
| Martin ratioReturn relative to average drawdown | -1.04 | 11.54 | -12.58 |
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
| RXD | DIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.77 | 2.43 | -3.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | 0.55 | -0.82 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.58 | 0.09 | -0.66 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.65 | -0.00 | -0.65 |
Drawdowns
RXD vs. DIG - Drawdown Comparison
The maximum RXD drawdown since its inception was -99.65%, roughly equal to the maximum DIG drawdown of -97.04%. Use the drawdown chart below to compare losses from any high point for RXD and DIG.
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Drawdown Indicators
| RXD | DIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.65% | -97.04% | -2.61% |
Max Drawdown (1Y)Largest decline over 1 year | -34.63% | -23.29% | -11.34% |
Max Drawdown (3Y)Largest decline over 3 years | -36.60% | -42.41% | +5.81% |
Max Drawdown (5Y)Largest decline over 5 years | -40.53% | -46.02% | +5.49% |
Max Drawdown (10Y)Largest decline over 10 years | -90.64% | -92.53% | +1.89% |
Current DrawdownCurrent decline from peak | -99.61% | -51.13% | -48.48% |
Average DrawdownAverage peak-to-trough decline | -81.88% | -64.36% | -17.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.14% | 8.52% | +13.62% |
Volatility
RXD vs. DIG - Volatility Comparison
The current volatility for ProShares UltraShort Health Care (RXD) is 10.19%, while ProShares Ultra Oil & Gas (DIG) has a volatility of 16.57%. This indicates that RXD 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
| RXD | DIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.19% | 16.57% | -6.38% |
Volatility (6M)Calculated over the trailing 6-month period | 21.87% | 33.00% | -11.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.03% | 40.83% | -10.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.85% | 51.59% | -21.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.00% | 57.80% | -24.80% |
RXD vs. DIG - Expense Ratio Comparison
Both RXD and DIG have an expense ratio of 0.95%.
Dividends
RXD vs. DIG - Dividend Comparison
RXD's dividend yield for the trailing twelve months is around 2.69%, more than DIG's 1.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIG ProShares Ultra Oil & Gas | 1.49% | 2.62% | 3.13% | 0.61% | 1.33% | 2.24% | 3.18% | 2.72% | 2.30% | 1.76% | 1.09% | 1.56% |
RXD ProShares UltraShort Health Care | 2.69% | 3.29% | 4.36% | 3.17% | 0.67% | 0.00% | 0.17% | 1.73% | 0.22% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RXD and DIG have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIG has higher volatility (16.57%) compared to RXD (10.19%). In terms of maximum drawdown, RXD dropped -99.65% vs DIG's -97.04%.
On 10-year performance, DIG leads with 4.90% vs -19.08% for RXD. Both ETFs have the same 0.95% expense ratio. On volatility, RXD has been the lower-risk option at 10.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DIG has performed better with a 4.90% return vs -19.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RXD and DIG have the same expense ratio: 0.95% per year.
RXD has the higher dividend yield at 2.69%, compared with 1.49% for DIG.
RXD tracks DJ Global United States (All) / Health Care -IND (-200%), while DIG tracks Dow Jones U.S. Oil & Gas Index (200%).
DIG currently has the higher Sharpe Ratio (2.43 vs -0.77), 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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