UWM vs. DIG
Compare and contrast key facts about ProShares Ultra Russell2000 (UWM) and ProShares Ultra Oil & Gas (DIG).
UWM and DIG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UWM is a passively managed fund by ProShares that tracks the performance of the Russell 2000 Index (200%). It was launched on Jan 25, 2007. 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 UWM 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.
Performance
UWM vs. DIG - Performance Comparison
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UWM vs. DIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UWM ProShares Ultra Russell2000 | 0.73% | 13.59% | 11.32% | 22.62% | -43.69% | 23.91% | 16.57% | 48.62% | -25.89% | 26.92% |
DIG ProShares Ultra Oil & Gas | 71.38% | 2.73% | 0.93% | -13.04% | 125.34% | 115.63% | -70.36% | 12.51% | -40.11% | -7.39% |
Returns By Period
In the year-to-date period, UWM achieves a 0.73% return, which is significantly lower than DIG's 71.38% return. Over the past 10 years, UWM has outperformed DIG with an annualized return of 10.03%, while DIG has yielded a comparatively lower 7.37% annualized return.
UWM
- 1D
- 1.33%
- 1M
- -10.99%
- YTD
- 0.73%
- 6M
- 2.10%
- 1Y
- 43.12%
- 3Y*
- 15.19%
- 5Y*
- -3.18%
- 10Y*
- 10.03%
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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UWM vs. DIG - Expense Ratio Comparison
Both UWM and DIG have an expense ratio of 0.95%.
Return for Risk
UWM vs. DIG — Risk / Return Rank
UWM
DIG
UWM vs. DIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Russell2000 (UWM) 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.
| UWM | DIG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 0.96 | -0.02 |
Sortino ratioReturn per unit of downside risk | 1.51 | 1.41 | +0.10 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.21 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.62 | 1.40 | +0.22 |
Martin ratioReturn relative to average drawdown | 5.48 | 2.86 | +2.62 |
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
| UWM | DIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 0.96 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | 0.66 | -0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.13 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.00 | +0.11 |
Correlation
The correlation between UWM and DIG is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
UWM vs. DIG - Dividend Comparison
UWM's dividend yield for the trailing twelve months is around 1.02%, less than DIG's 1.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UWM ProShares Ultra Russell2000 | 1.02% | 1.05% | 1.16% | 0.34% | 0.40% | 0.00% | 0.07% | 0.55% | 0.41% | 0.11% | 0.27% | 0.23% |
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
UWM vs. DIG - Drawdown Comparison
The maximum UWM drawdown since its inception was -88.21%, smaller than the maximum DIG drawdown of -97.04%. Use the drawdown chart below to compare losses from any high point for UWM and DIG.
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Drawdown Indicators
| UWM | DIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.21% | -97.04% | +8.83% |
Max Drawdown (1Y)Largest decline over 1 year | -26.48% | -35.40% | +8.92% |
Max Drawdown (5Y)Largest decline over 5 years | -61.62% | -46.02% | -15.60% |
Max Drawdown (10Y)Largest decline over 10 years | -71.46% | -92.53% | +21.07% |
Current DrawdownCurrent decline from peak | -26.33% | -49.79% | +23.46% |
Average DrawdownAverage peak-to-trough decline | -31.07% | -64.47% | +33.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.83% | 17.32% | -9.49% |
Volatility
UWM vs. DIG - Volatility Comparison
ProShares Ultra Russell2000 (UWM) has a higher volatility of 14.60% compared to ProShares Ultra Oil & Gas (DIG) at 12.95%. This indicates that UWM'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
| UWM | DIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.60% | 12.95% | +1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 28.75% | 28.78% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.23% | 49.96% | -3.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.04% | 51.73% | -6.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.99% | 57.63% | -11.64% |