UGL vs. DIG
Compare and contrast key facts about ProShares Ultra Gold (UGL) and ProShares Ultra Oil & Gas (DIG).
UGL and DIG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UGL is a passively managed fund by ProShares that tracks the performance of the Gold bullion (200%). It was launched on Dec 1, 2008. 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 UGL 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UGL or DIG.
Key characteristics
| UGL | DIG | |
|---|---|---|
| YTD Return | 59.79% | 11.63% |
| 1Y Return | 70.70% | -4.11% |
| 3Y Return (Ann) | 21.92% | 26.42% |
| 5Y Return (Ann) | 16.38% | 8.96% |
| 10Y Return (Ann) | 9.01% | -4.89% |
| Sharpe Ratio | 2.68 | -0.20 |
| Sortino Ratio | 3.26 | -0.04 |
| Omega Ratio | 1.41 | 0.99 |
| Calmar Ratio | 1.41 | -0.10 |
| Martin Ratio | 15.48 | -0.50 |
| Ulcer Index | 4.84% | 14.63% |
| Daily Std Dev | 27.98% | 35.94% |
| Max Drawdown | -75.93% | -97.04% |
| Current Drawdown | -16.06% | -68.46% |
Correlation
The correlation between UGL and DIG is 0.12, 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.
Performance
UGL vs. DIG - Performance Comparison
In the year-to-date period, UGL achieves a 59.79% return, which is significantly higher than DIG's 11.63% return. Over the past 10 years, UGL has outperformed DIG with an annualized return of 9.01%, while DIG has yielded a comparatively lower -4.89% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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UGL vs. DIG - Expense Ratio Comparison
Both UGL and DIG have an expense ratio of 0.95%.
Risk-Adjusted Performance
UGL vs. DIG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Gold (UGL) 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.
Dividends
UGL vs. DIG - Dividend Comparison
UGL has not paid dividends to shareholders, while DIG's dividend yield for the trailing twelve months is around 2.64%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UGL ProShares Ultra Gold | 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 | 2.64% | 0.61% | 1.33% | 2.24% | 3.19% | 2.72% | 2.30% | 1.76% | 1.09% | 1.56% | 0.87% | 0.43% |
Drawdowns
UGL vs. DIG - Drawdown Comparison
The maximum UGL drawdown since its inception was -75.93%, smaller than the maximum DIG drawdown of -97.04%. Use the drawdown chart below to compare losses from any high point for UGL and DIG. For additional features, visit the drawdowns tool.
Volatility
UGL vs. DIG - Volatility Comparison
The current volatility for ProShares Ultra Gold (UGL) is 5.88%, while ProShares Ultra Oil & Gas (DIG) has a volatility of 13.46%. This indicates that UGL 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.