DUG
DUG (ProShares UltraShort Oil & Gas) is an exchange-traded fund (ETF) that aims to provide twice the inverse (-2x) of the daily performance of the Dow Jones U.S. Oil & Gas Index. It seeks to deliver a leveraged return that is the opposite of the index’s daily performance.
Asset Summary
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Asset Performance Metrics and Risk Characteristics:
Metrics below use daily returns for Jan 1, 2026 – Aug 17, 2026 (YTD).
Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.
1 Month Trailing Return
-13.64%
Represents the percentage change in asset value over the past month.
3 Month Trailing Return
-7.92%
Indicates the percentage change in asset value over the last three months.
Period Max Drawdown
50.99%
The highest percentage drop from the peak value to the lowest point during the observed period.
Standard Deviation
48.18%
Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.
Sharpe Ratio
-2.10
Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.
Calmar Ratio
-1.98
The ratio of the annualized return to the maximum drawdown, reflecting the return per unit of risk.
Asset Technical Analysis
Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. Using indicators such as moving averages, pivot levels, momentum studies, and candlestick pattern scans can clarify trend strength and volatility. The tabs below summarize moving averages, pivots, technical indicators, candlestick patterns, and recent prices for this symbol.
Analysis
Moving Averages
Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:
| Type/Period | |
|---|---|
| SMA | |
| EMA | |
| WMA | |
| WEMA |
- SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
- EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
- WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
- WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.
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Maximize Results NowFrequently Asked Questions
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DUG adjusts its holdings and leverage daily to reflect changes in the Dow Jones U.S. Oil & Gas Index. The ETF uses derivatives to achieve its -2x leverage ratio and rebalances frequently to maintain this exposure.
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Risks include high volatility and the potential for significant losses due to the leveraged and inverse nature of the ETF. Leveraged ETFs like DUG are designed for short-term trading and may not perform as expected over longer periods because of compounding and daily rebalancing effects.
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DUG typically distributes dividends on a quarterly basis. These dividends are derived from income produced by the fund’s underlying securities and any net investment income.
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Investors can buy shares of DUG through a brokerage account. It is traded on major stock exchanges under the ticker symbol "DUG" and can be purchased and sold like other stocks and ETFs.
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Key performance metrics for DUG include its net asset value (NAV), daily percentage returns, expense ratio, and tracking error. NAV reflects the per-share value of the ETF, daily returns show the leveraged inverse performance relative to the index, the expense ratio covers management fees, and tracking error measures deviation from the ETF’s target performance.
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Factors influencing DUG’s performance include the volatility and performance of the oil and gas sector, overall market conditions, and the effectiveness of the leveraged inverse strategy. Daily rebalancing and compounding effects can also impact performance.
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DUG uses financial derivatives to achieve twice the inverse (-2x) of the daily performance of the Dow Jones U.S. Oil & Gas Index. The ETF is rebalanced daily to maintain this leverage ratio, which can amplify returns in declining markets and magnify losses in rising markets.
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DUG is managed by ProShares and employs financial derivatives, including futures contracts and swaps, to achieve its goal of providing twice the inverse of the daily performance of the Dow Jones U.S. Oil & Gas Index. The ETF is rebalanced daily to maintain its leverage ratio.
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Similar ETFs to DUG include: DWT (Direxion Daily WTI Crude Oil Bear 2X Shares), which seeks to provide twice the inverse (-2x) daily performance of the WTI Crude Oil Index; SCO (ProShares UltraShort Crude Oil), which aims to provide twice the inverse (-2x) daily performance of the Bloomberg WTI Crude Oil Subindex; and SPXU (ProShares UltraShort S&P 500), which provides twice the inverse (-2x) daily performance of the S&P 500 Index but focuses on a different sector.
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DUG aims to deliver twice the inverse (-2x) of the daily performance of the Dow Jones U.S. Oil & Gas Index. Due to its leveraged nature, its performance can vary significantly from the index over longer periods due to daily compounding effects and rebalancing.
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Disclaimers
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