ProShares UltraShort Energy
$15.04−0.41 (−2.65%)
- Expense ratio
- 1.41%
- Fund size
- $36M
- 1Y return
- −54.4%
- Yield · Last 12 months
- 4.99%
- Holdings
- 8
- Volume · 30D
- 0.1M sh
- NAV per share
- $14.40
- 52W range
The ETF.net DUG Grade
Score 32 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 16Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 54Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 41Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.FScore 0Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 43Category rank
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
- 8
- 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.
Returns run to the Sep 22, 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 | −52.0% |
| 1 month | +4.7% |
| 3 months | −25.0% |
| 1 year | −54.4% |
| 3 years | −25.9% |
| 5 years | −41.3% |
| 10 years | −32.8% |
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 | −52.0% | |
| 2025 | −18.6% | |
| 2024 | −6.2% | |
| 2023 | −2.3% | |
| 2022 | −73.0% | |
| 2021 | −68.1% | |
| 2020 | −24.6% |
DUG in the news
ETF.net Research hasn’t filed on DUG yet — coverage lands here as it’s written.
DUG Dividends
- 4.99%
- $0.77
- $0.12 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 24, 2026 | Jun 30, 2026 | $0.12 |
| Mar 25, 2026 | Mar 31, 2026 | $0.08 |
| Dec 24, 2025 | Dec 31, 2025 | $0.32 |
| Sep 24, 2025 | Sep 30, 2025 | $0.24 |
| Jun 25, 2025 | Jul 1, 2025 | $0.25 |
| Mar 26, 2025 | Apr 1, 2025 | $0.24 |
| Dec 23, 2024 | Dec 31, 2024 | $0.61 |
| Sep 25, 2024 | Oct 2, 2024 | $0.60 |
| Jun 26, 2024 | Jul 3, 2024 | $0.84 |
| Mar 20, 2024 | Mar 27, 2024 | $0.28 |
| Dec 20, 2023 | Dec 28, 2023 | $0.66 |
| Sep 20, 2023 | Sep 27, 2023 | $0.32 |
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.
- 37.6%
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.
- −0.79
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.
- −93.8%
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
- The middle half of Inverse Energy funds
- Median 1.03%
Every other Inverse Energy fund charges less.