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DIG vs UCO

ProShares Ultra Energy

DIGCNYSE Arca

ProShares Ultra Bloomberg Crude Oil

UCOCNYSE Arca

Overlap

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

DIG0.95%UCO0.95%

Avg volume · 30D

UCO 59.5×the volume

DIG45.2KUCO2.69M

10Y return · a year

DIG +14.4pt

DIG+8.7%UCO−5.7%

DIG vs UCO Performance

Oct 29, 2021 – Oct 30, 2026

+338.8%DIG+178.5%UCO

Oct 29, 2021 to Oct 30, 2026. DIG +338.8%. UCO +178.5%. Use the arrow keys to read each point.0%100%Oct 2021Apr 2024Oct 2026
Expense ratio
DIG 0.95%
UCO 0.95%
Fund size
DIG $104M
UCO $510M
1Y total return
DIG +139.4%
UCO +213.0%, better
Yield (12M)
DIG 1.05%
UCO No data
Holdings
DIG 23
UCO 1
Avg volume (30D)
DIG 45.2K sh
UCO 2.69M sh, better
NAV per share
DIG $82.98
UCO $68.02
52W range

ETF.net Grade

DIG: Cost 32, Risk 69, Mission not scored, Tradability 55, Holdings 76, Durability 50. UCO: Cost 32, Risk 52, Mission not scored, Tradability 80, Holdings not scored, Durability 70.
Pillar letters and Scores for DIG, UCO, with each pillar’s weight
PillarDIGUCO
Cost30% weightD32D32
Mission25% weightNot scoredNot scored
Risk15% weightB69HigherC52
Tradability15% weightB55A80Higher
Holdings10% weightA76Not scored
Durability5% weightC50A70Higher

Rank among 2x/3x Long Energy funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. DIG and UCO are both graded against the same 6 2x/3x Long Energy funds, so their Grades compare head to head.

2x/3x Long Energy⁠

Category · 6 funds
See all 6 ›

UCO ranks 2nd and DIG 4th of 6 funds in the 2x/3x Long Energy Category.

  1. Rank 1BERXDirexion Daily Energy Bull 2X ETFScore 66
  2. Rank 2CGUSHDirexion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETFScore 50
  3. Rank 2CUCOProShares Ultra Bloomberg Crude OilScore 50
  4. Rank 4CDIGProShares Ultra EnergyScore 47
  5. Rank 5CXLEXCorgi U.S. Energy 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

DIGCProShares Ultra Energy

UCOCProShares Ultra Bloomberg Crude Oil

In short

DIG Two times the daily move of the S&P 500's energy sector, delivered in stocks rather than crude futures. Trading since 2007, DIG is one of the originals in leveraged energy, built on big integrated oil names instead of wildcat drillers.

UCO Most leveraged energy funds juice oil-company stocks. UCO levers the barrel itself: 2x the daily move of a WTI futures index that spreads across three roll schedules instead of camping in the front-month contract.

Stated mandate

DIG The fund seeks daily investment results, before fees and expenses, equal to twice the daily performance of the S&P Energy Select Sector Index.

UCO UCO seeks daily results, before fees and expenses, equal to two times the daily performance of the Bloomberg Commodity Balanced WTI Crude Oil Index.

Why people hold it

  • DIG Leverage on the blue-chip benchmark: twice the daily move of the S&P Energy Select Sector Index, a cap-weighted slice of S&P 500 energy names, so the big integrateds set the pace.sec.gov
  • Stocks, not barrels. The exposure sits on a concentrated basket of roughly 30 energy equities, with no crude futures roll in the machinery, unlike peer UCO.proshares.com
  • Running since January 2007, through multiple oil booms and busts, it is one of the longest-standing 2x energy funds, and it passes along underlying stock dividends quarterly.
  • UCO Crude, not drillers: 2x the daily move of a WTI futures index, while cohort peers ERX, GUSH and DIG lever baskets of energy stocks.proshares.com
  • The benchmark splits equally across monthly, June-annual and December-annual futures roll schedules, reset semi-annually, so it is not pinned to the front-month contract.proshares.comsec.gov
  • Actively traded, and its 0.95% expense ratio sits right at the median for 2x energy funds. Live since 2008, through several oil booms and busts.

Worth knowing

  • DIG Leverage rebalances daily, so returns over any longer hold can differ significantly from 2x the index; ProShares notes a near-50% one-day index drop could wipe out the investment.proshares.comsec.gov
  • 0.95% net of a waiver through September 30, 2027 (1.06% gross) sits near the category median, while newer rival XLEX lists 0.45% and ERX 0.91%.
  • One of the less-traded funds in its corner of the market, so bid-ask spreads and limit orders matter more here than with the biggest leveraged energy names.
  • UCO The leverage resets daily. Hold past a day and compounding takes over, so multi-day results can differ from 2x the period's oil move, especially in choppy markets.proshares.com
  • Structured as a commodity pool, so tax time brings a Schedule K-1 rather than a 1099.proshares.com
  • A price-move vehicle, not an income one: the fund has not been paying distributions.

Full DIG profile⁠

Full UCO profile⁠

DIG vs UCO Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DIG vs UCO Cost

Same expense ratio

$17,869

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

  • DIG 0.95%

    $17,869

  • UCO 0.95%

    $17,869

$10,000
30 years

Cost over time

  • DIG 0.95%
  • UCO 0.95%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530DIG $17,869UCO $17,869

Year by year

YearDIGUCO
10$1,678$1,678
20$6,322$6,322
30$17,869$17,869

Expense ratio

  • 0.95%DIG
  • 0.95%UCO
  • Middle half of 2x/3x Long Energy funds
  • Median 0.94%

DIG 4th cheapest of 6 funds

UCO 4th cheapest of 6 funds

DIG vs UCO Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DIG 1.05%
UCO No data
Payout (12M)
DIG $0.87
UCO None
Last payment
DIG $0.23
UCO No data
Ex-dividend
DIG Sep 23, 2026
UCO No data
Paid on
DIG Sep 29, 2026
UCO No data
Frequency
DIG Quarterly
UCO No data

Distribution history

Per share, 2017 to 2026, same scale for both

DIGQuarterly · 35 paymentsAll DIG payments⁠
One bar per payment. 35 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.17; Jun 21, 2017 $0.16; Sep 27, 2017 $0.37; Dec 26, 2017 $0.17; Mar 21, 2018 $0.18; Jun 20, 2018 $0.18; Sep 26, 2018 $0.16; Dec 26, 2018 $0.15; Mar 20, 2019 $0.21; Jun 25, 2019 $0.21; Sep 25, 2019 $0.22; Dec 24, 2019 $0.23; Mar 25, 2020 $0.07; Jun 24, 2020 $0.08; Sep 23, 2020 $0.08; Dec 23, 2020 $0.07; Mar 23, 2021 $0.11; Jun 22, 2021 $0.08; Sep 22, 2021 $0.10; Dec 23, 2021 $0.14; Mar 23, 2022 $0.20; Jun 22, 2022 $0.11; Dec 22, 2022 $0.26; Dec 20, 2023 $0.22; Mar 20, 2024 $0.24; Jun 26, 2024 $0.31; Sep 25, 2024 $0.29; Dec 23, 2024 $0.29; Mar 26, 2025 $0.26; Jun 25, 2025 $0.20; Sep 24, 2025 $0.26; Dec 24, 2025 $0.23; Mar 25, 2026 $0.21; Jun 24, 2026 $0.20; Sep 23, 2026 $0.23. Use the arrow keys to read each point.$0$0.252017202020232026YTD
UCOAll UCO payments⁠

No distribution history available.

DIG vs UCO Risk

Fall from peak · 5 years

  • DIG
  • UCO
Oct 29, 2021 to Oct 30, 2026. Worst fall: UCO −67.2% · Dec 2025. Use the arrow keys to read each point.−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
DIG 43.3%, betterUCO 53.7%
Return per unit of riskSharpe ratio, 3 years
DIG 0.76, betterUCO 0.63
Worst fallMax drawdown, 5 years
DIG −46.0%, betterUCO −67.2%
Market sensitivityBeta, 5 years
DIG −0.03UCO 2.79

DIG and UCO in the news

All news⁠

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