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Launched · SEC filings

ProShares UltraShort Energy

DUGNYSE ArcaProSharesBThis 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.

$12.87+0.95 (+7.97%)

As of Nov 2, 2026, 3:59 PM ET

B56/ 100

Rank 2 of 5 in Inverse Energy

B56/100Rank 2 of 5inInverse Energy
Intraday session: up, 79 prints from 11.92 to 12.87. Range 12.26 to 12.87. Use the arrow keys to read each point.12.2012.4012.6010 AM12 PM2 PM4 PM
Expense ratio
0.95%*
Fund size
$31M
1Y total return
−64.4%
Yield · Last 12 months
5.10%
Holdings
1
Avg volume · 30D
182K sh
52W range
low $11.89high $35.67
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Sep 30, 2027. Without it: 1.43%.

The ETF.net DUG Grade

Based on 5 of 6 pillars

B

Score 56 out of 100

Category
Inverse Energy⁠
Rank
2 of 5
Six-pillar profile for DUG. Scores out of 100: Cost 65, Risk 53, Mission not scored, Tradability 48, Holdings 0, Durability 43. Strongest: Cost (65). Weakest: Holdings (0). Based on 5 of 6 pillars.

Score 56 of 100 falls in the B 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.
    B65 out of 100
    Rank 1 of 5

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C53 out of 100
    Rank 2 of 5

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C48 out of 100
    Rank 4 of 5

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    F0 out of 100
    No data

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C43 out of 100
    Rank 4 of 5

Our read on DUG

ETF.net Research

In short

BThe inverse energy trade in stock form: DUG targets -2x the daily move of the S&P 500's energy sector, not barrels of crude. Trading since 2007, it is one of the old hands in a small corner of the market.

Stated mandate

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 stocks, not barrels: the stated target is -2x the daily move of the S&P Energy Select Sector Index, the energy names inside the S&P 500.spglobal.com
  • Costs 0.95% net of a waiver through September 30, 2027, near the category median and below Direxion's ERY (0.99%) and DRIP (1.01%), each waived through September 1, 2027.
  • Running since 2007, which makes it one of the longest-lived inverse energy funds, and one of the stronger implementations in a five-fund peer group.
  • ProShares frames it two ways: a short-horizon play on an energy slide, or a hedge against energy exposure held elsewhere.proshares.comproshares.com 2

Worth knowing

  • The -2x target applies to one day. Hold longer and compounding takes over, so multi-week results can differ significantly from -2x the index move.proshares.com
  • Without the waiver, the stated gross expense is 1.43%, the level the fee schedule reverts to if the waiver lapses after September 30, 2027.
  • Small by ETF standards and only moderately traded, so trading costs weigh more here than in the category's biggest names.

DUG Holdings

Holdings pillarF0 out of 100
Asset class
Stocks
Holdings
1
Top-10 weight
103%
Largest holding
IQMM102.7%

Sectors

  • Financials100.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1IQMMProshares Genius Mny Mkt Etf102.70%320,000$32M61

Showing 1–1 of 1 holdings

DUG Performance

Launched Jan 30, 2007

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

DUG$3,564
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. DUG $3,564. SPY $11,199. Use the arrow keys to read each point.$5,000$7,500$10,000Oct 2025May 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for DUG. Periods over one year show the average yearly return.
PeriodDUG
Year to date−62.7%
1 month−23.1%
3 months−29.3%
1 year−64.4%
3 yearsper year−33.9%
5 yearsper year−40.2%
10 yearsper year−34.4%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for DUG
YearReturn barDUG
2026 YTD−62.7%
2025−18.6%
2024−6.2%
2023−2.3%
2022−73.0%

DUG in the news

DUG Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
5.10%Last 12 months
Payout per share
$0.61Last 12 months
Last payment
$0.08 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 23 payments from 2017 to 2026 YTD. Sep 26, 2018 $0.37; Dec 26, 2018 $2.59; Mar 20, 2019 $0.86; Jun 25, 2019 $0.98; Sep 25, 2019 $1.29; Dec 24, 2019 $1.11; Mar 25, 2020 $0.04; Dec 22, 2022 $0.14; Mar 22, 2023 $0.51; Jun 21, 2023 $0.45; Sep 20, 2023 $0.32; Dec 20, 2023 $0.66; Mar 20, 2024 $0.28; Jun 26, 2024 $0.84; Sep 25, 2024 $0.60; Dec 23, 2024 $0.61; Mar 26, 2025 $0.24; Jun 25, 2025 $0.25; Sep 24, 2025 $0.24; Dec 24, 2025 $0.32; Mar 25, 2026 $0.08; Jun 24, 2026 $0.12; Sep 23, 2026 $0.08. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 23, 2026Sep 29, 2026$0.08
Jun 24, 2026Jun 30, 2026$0.12
Mar 25, 2026Mar 31, 2026$0.08
Dec 24, 2025Dec 31, 2025$0.32
Sep 24, 2025Sep 30, 2025$0.24
Jun 25, 2025Jul 1, 2025$0.25
Mar 26, 2025Apr 1, 2025$0.24
Dec 23, 2024Dec 31, 2024$0.61
Sep 25, 2024Oct 2, 2024$0.60
Jun 26, 2024Jul 3, 2024$0.84
Mar 20, 2024Mar 27, 2024$0.28
Dec 20, 2023Dec 28, 2023$0.66

See all 30 payments⁠

$10,000 in DUG 10 years ago paid $135 in dividends.⁠

DUG Risk

Risk pillarC53 out of 100Rank 2 of 5 in Inverse Energy

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.

How much the fund’s monthly returns vary, scaled to a year.
38.9%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
−0.97
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−93.2%
Trough Oct 2026
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.

How strongly the fund’s returns move with its asset-class index.
−0.03
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

DUG Cost

Tied cheapest in Inverse Energy

$17,869

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DUG 0.95%

    $17,869

$10,000
30 years

Cost over time

  • DUG 0.95%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530DUG $17,869

Year by year

YearDUG
10$1,678
20$6,322
30$17,869
How the 0.95% is worked out

Full fee 1.43%− waiver 0.48%= you pay 0.95%

The waiver ends Sep 30, 2027. After that the fee is 1.43% unless ProShares renews it. Source: prospectus, Sep 2026.

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