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 -20.50%/yr vs 4.21%/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 -1.40% return, which is significantly lower than DIG's 42.29% return. Over the past 10 years, RXD has underperformed DIG with an annualized return of -20.50%, while DIG has yielded a comparatively higher 4.21% annualized return.
RXD
- 1D
- -3.08%
- 1M
- -9.66%
- YTD
- -1.40%
- 6M
- 0.04%
- 1Y
- -25.85%
- 3Y*
- -8.16%
- 5Y*
- -7.55%
- 10Y*
- -20.50%
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%
RXD vs. DIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RXD ProShares UltraShort Health Care | -1.40% | -21.66% | 4.83% | 3.25% | 1.20% | -37.97% | -44.25% | -32.44% | -14.33% | -35.24% |
DIG ProShares Ultra Oil & Gas | 42.29% | 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 | -0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.26 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 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.
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.
| RXD | DIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.24 | ||
| Sortino ratioReturn per unit of downside risk | -2.93 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.23 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 2.04 | -2.79 |
| Martin ratioReturn relative to average drawdown | -1.12 | 5.75 | -6.88 |
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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% | -28.23% | -6.40% |
Max Drawdown (3Y)Largest decline over 3 years | -36.60% | -42.41% | +5.81% |
Max Drawdown (5Y)Largest decline over 5 years | -40.50% | -46.02% | +5.52% |
Max Drawdown (10Y)Largest decline over 10 years | -90.64% | -92.53% | +1.89% |
Current DrawdownCurrent decline from peak | -99.63% | -58.32% | -41.31% |
Average DrawdownAverage peak-to-trough decline | -81.91% | -64.33% | -17.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.10% | 9.97% | +13.13% |
Volatility
RXD vs. DIG - Volatility Comparison
The current volatility for ProShares UltraShort Health Care (RXD) is 10.55%, while ProShares Ultra Oil & Gas (DIG) has a volatility of 13.71%. 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 | 10.55% | 13.71% | -3.16% |
Volatility (6M)Calculated over the trailing 6-month period | 21.92% | 33.85% | -11.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.33% | 41.53% | -11.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.91% | 51.55% | -21.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.01% | 57.82% | -24.81% |
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 3.01%, more than DIG's 1.74% yield.
| 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% |
RXD ProShares UltraShort Health Care | 3.01% | 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 (13.71%) compared to RXD (10.55%). In terms of maximum drawdown, RXD dropped -99.65% vs DIG's -97.04%.
On 10-year performance, DIG leads with 4.21% vs -20.50% for RXD. Both ETFs have the same 0.95% expense ratio. On volatility, RXD has been the lower-risk option at 10.55%. 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 4.21% return vs -20.50%. 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 3.01%, compared with 1.74% 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 (1.38 vs -0.86), 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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