ProShares UltraShort Energy
DThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$12.98−0.47 (−3.46%)
- 1.41%
- $34M
- −62.3%
- 4.52%
- 0.1M sh
- $13.45
- low $13.29high $36.99
The ETF.net DUG Grade
D
Score 32 out of 100
- 5 of 5
Score 32 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F16 out of 100Rank 5 of 5Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C54 out of 100Rank 1 of 5Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C41 out of 100Rank 5 of 5Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.F0 out of 100Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C43 out of 100Rank 4 of 5
Our read on DUG
DMost energy shorts bet against barrels. DUG bets against the companies: a daily -2x swing on the S&P 500's energy sector, run through swap contracts, with a track record going back to 2007.
The fund seeks daily results, before fees and expenses, equal to two times the inverse of the daily performance of the S&P Energy Select Sector SM Index.
Why people hold it
- Shorts the stocks, not the commodity: the fund aims for -2x the daily move of the S&P Energy Select Sector Index, the energy names inside the S&P 500.proshares.com
- Launched in January 2007, it has traded through multiple energy booms and busts, a long operating history for a leveraged inverse fund.
- One ticker in an ordinary brokerage account delivers the inverse exposure; ProShares does the shorting behind the scenes with swap agreements.proshares.comprospectus.proshares.com
Worth knowing
- The -2x target resets every day. Hold longer and compounding takes over, so multi-day results can land well away from -2x the index, especially in choppy markets.proshares.com
- At 1.41% a year, it carries the highest fee in its bear-energy peer group; ProShares' own crude and gas shorts (SCO, KOLD) charge less than a point.
- A small fund with moderate turnover, so bid-ask spreads can be wider than the biggest names in the category.
DUG Holdings
- Stocks
- 2
- 100%
- IQMM
Sectors
- Financials100.0%
Geography
- United States100.00%
DUG Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
DUG$3,774
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | DUG |
|---|---|
| Year to date | −58.0% |
| 1 month | −4.2% |
| 3 months | −31.9% |
| 1 year | −62.3% |
| 3 years | −29.8% |
| 5 years | −39.4% |
| 10 years | −33.2% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | DUG |
|---|---|---|
| 2026 YTD | −58.0% | |
| 2025 | −18.6% | |
| 2024 | −6.2% | |
| 2023 | −2.3% | |
| 2022 | −73.0% | |
| 2021 | −68.1% | |
| 2020 | −24.6% |
DUG in the news
DUG Dividends
- 4.52%
- $0.61
- $0.08 per share
- Quarterly
Distribution history
DUG Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 37.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.68
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −92.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- −0.03
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
DUG Cost
1.41%
DUG1.41%
- The middle half of Inverse Energy funds
- Median 1.03%
Every other Inverse Energy fund charges less.
Other funds in Inverse Energy
- BSCOProShares - UltraShort Bloomberg Crude OilExpense ratio 0.95%1 year return −76.8%
- BKOLDProShares - UltraShort Bloomberg Natural GasExpense ratio 0.95%1 year return −31.5%
- CERYDirexion Daily Energy Bear 2X ETFExpense ratio 1.04%1 year return −62.2%
- CDRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETFExpense ratio 1.03%1 year return −66.0%