TSMU vs. DIG
Compare and contrast key facts about GraniteShares 2x Long TSM Daily ETF (TSMU) and ProShares Ultra Oil & Gas (DIG).
TSMU and DIG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSMU is an actively managed fund by GraniteShares. It was launched on Nov 11, 2024. 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.
Performance
TSMU vs. DIG - Performance Comparison
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TSMU vs. DIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TSMU GraniteShares 2x Long TSM Daily ETF | 17.44% | 74.83% | 3.04% |
DIG ProShares Ultra Oil & Gas | 71.38% | 2.73% | -16.02% |
Returns By Period
In the year-to-date period, TSMU achieves a 17.44% return, which is significantly lower than DIG's 71.38% return.
TSMU
- 1D
- 1.99%
- 1M
- -16.60%
- YTD
- 17.44%
- 6M
- 21.67%
- 1Y
- 210.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DIG
- 1D
- -7.64%
- 1M
- 7.25%
- YTD
- 71.38%
- 6M
- 70.78%
- 1Y
- 47.64%
- 3Y*
- 20.73%
- 5Y*
- 34.16%
- 10Y*
- 7.37%
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TSMU vs. DIG - Expense Ratio Comparison
TSMU has a 1.50% expense ratio, which is higher than DIG's 0.95% expense ratio.
Return for Risk
TSMU vs. DIG — Risk / Return Rank
TSMU
DIG
TSMU vs. DIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long TSM Daily ETF (TSMU) 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.
| TSMU | DIG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.75 | 0.96 | +1.79 |
Sortino ratioReturn per unit of downside risk | 2.96 | 1.41 | +1.55 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.21 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 6.25 | 1.40 | +4.85 |
Martin ratioReturn relative to average drawdown | 19.22 | 2.86 | +16.36 |
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
| TSMU | DIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.75 | 0.96 | +1.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.66 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.13 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.00 | +0.90 |
Correlation
The correlation between TSMU and DIG is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
TSMU vs. DIG - Dividend Comparison
TSMU has not paid dividends to shareholders, while DIG's dividend yield for the trailing twelve months is around 1.45%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSMU GraniteShares 2x Long TSM Daily ETF | 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 | 1.45% | 2.62% | 3.13% | 0.61% | 1.33% | 2.24% | 3.18% | 2.72% | 2.30% | 1.76% | 1.09% | 1.56% |
Drawdowns
TSMU vs. DIG - Drawdown Comparison
The maximum TSMU drawdown since its inception was -63.73%, smaller than the maximum DIG drawdown of -97.04%. Use the drawdown chart below to compare losses from any high point for TSMU and DIG.
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Drawdown Indicators
| TSMU | DIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.73% | -97.04% | +33.31% |
Max Drawdown (1Y)Largest decline over 1 year | -35.18% | -35.40% | +0.22% |
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 | -24.57% | -49.79% | +25.22% |
Average DrawdownAverage peak-to-trough decline | -17.00% | -64.47% | +47.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.44% | 17.32% | -5.88% |
Volatility
TSMU vs. DIG - Volatility Comparison
GraniteShares 2x Long TSM Daily ETF (TSMU) has a higher volatility of 27.92% compared to ProShares Ultra Oil & Gas (DIG) at 12.95%. This indicates that TSMU'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.
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Volatility by Period
| TSMU | DIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.92% | 12.95% | +14.97% |
Volatility (6M)Calculated over the trailing 6-month period | 54.47% | 28.78% | +25.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.26% | 49.96% | +27.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.81% | 51.73% | +29.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.81% | 57.63% | +23.18% |