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DRIP vs DUG

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF

DRIPDNYSE Arca

ProShares UltraShort Energy

DUGBNYSE Arca

Overlap

Expense ratio

DUG −0.06pt a year

DRIP1.01%DUG0.95%

Avg volume · 30D

DRIP 6.2×the volume

DRIP1.13MDUG182K

10Y return · a year

DUG +9.2pt

DRIP−43.6%DUG−34.4%

DRIP vs DUG Performance

Oct 29, 2021 – Oct 30, 2026

−93.2%DRIP−92.3%DUG

Oct 29, 2021 to Oct 30, 2026. DRIP −93.2%. DUG −92.3%. Use the arrow keys to read each point.−60%−40%−20%0%20%Oct 2021Apr 2024Oct 2026
Expense ratio
DRIP 1.01%
DUG 0.95%, better
Fund size
DRIP $141M
DUG $31M
1Y total return
DRIP −67.8%
DUG −64.4%, better
Yield (12M)
DRIP 4.27%
DUG 5.10%, better
Holdings
DRIP 5
DUG 1
Avg volume (30D)
DRIP 1.13M sh, better
DUG 182K sh
NAV per share
DRIP $30.11
DUG $11.94
52W range

ETF.net Grade

DRIP: Cost 15, Risk 46, Mission not scored, Tradability 36, Holdings not scored, Durability 52. DUG: Cost 65, Risk 53, Mission not scored, Tradability 48, Holdings 0, Durability 43.
Pillar letters and Scores for DRIP, DUG, with each pillar’s weight
PillarDRIPDUG
Cost30% weightF15B65Higher
Mission25% weightNot scoredNot scored
Risk15% weightC46C53Higher
Tradability15% weightD36C48Higher
Holdings10% weightNot scoredF0
Durability5% weightC52HigherC43

Rank among Inverse 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. DRIP and DUG are both graded against the same 5 Inverse Energy funds, so their Grades compare head to head.

Inverse Energy⁠

Category · 5 funds
See all 5 ›

DUG ranks 2nd and DRIP 5th of 5 funds in the Inverse Energy Category.

  1. Rank 1BSCOProShares UltraShort Bloomberg Crude OilScore 59
  2. Rank 2BDUGProShares UltraShort EnergyScore 56
  3. Rank 3BKOLDProShares UltraShort Bloomberg Natural GasScore 55
  4. Rank 4CERYDirexion Daily Energy Bear 2X ETFScore 41
  5. Rank 5DDRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETFScore 29

Our read on each fund

ETF.net Research

DRIPDDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF

DUGBProShares UltraShort Energy

In short

DRIP A 2x inverse bet on the shale drillers, not the barrel. DRIP aims for 200% of the daily inverse move of the S&P Oil & Gas Exploration & Production Select Industry Index, a modified equal-weight basket of US E&P stocks, and resets that leverage every day.

DUG The 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

DRIP The fund seeks daily investment results equal to 200% of the inverse performance of the S&P Oil & Gas Exploration & Production Select Industry Index, before fees and expenses.

DUG 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

  • DRIP Shorts the drillers, not the commodity: the reference index is a modified equal-weight basket of domestic exploration and production names spanning large, mid and small caps.direxion.com
  • Most rivals in this bear-energy group track crude (SCO), natural gas (KOLD) or broad energy (DUG, ERY). This one is aimed at the E&P sub-industry itself.
  • On the tape since 2015 and actively traded, so there is usually a two-sided market when you want the position on or off.
  • Direxion dialed the target from 3x to 2x inverse in 2020, so each day's swing is a notch smaller than the fund's original design.sec.gov
  • DUG 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

  • DRIP Leverage resets daily. Hold past a day and compounding takes over, so multi-week results can land far from twice the index's inverse move, in either direction.direxion.com
  • Costs 1.01% net of a waiver through September 1, 2027 (1.03% gross), above the category median and more than the four other bear energy funds in the group.
  • Inverse by design: when E&P stocks rally, the fund aims to fall roughly twice as much, which is why Direxion frames these as tools to be watched daily.direxion.com
  • DUG 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.

Full DRIP profile⁠

Full DUG profile⁠

DRIP vs DUG 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.

DRIP vs DUG Cost

Overpaying DRIP vs DUG

$981

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

  • DRIP 1.01%

    $18,850

  • DUG 0.95%

    $17,869

$10,000
30 years

Cost over time

  • DRIP 1.01%
  • DUG 0.95%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530DRIP $18,850DUG $17,869

Year by year

YearDRIPDUGOverpaying
10$1,780$1,678$102
20$6,686$6,322$364
30$18,850$17,869$981

Expense ratio

  • 1.01%DRIP
  • 0.95%DUG, cheaper
  • Middle half of Inverse Energy funds
  • Median 0.95%

DUG cheapest of 5 funds

DRIP 5th cheapest of 5 funds

DRIP vs DUG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DRIP 4.27%
DUG 5.10%, better
Payout (12M)
DRIP $1.23
DUG $0.61
Last payment
DRIP $0.27
DUG $0.08
Ex-dividend
DRIP Sep 22, 2026
DUG Sep 23, 2026
Paid on
DRIP Sep 29, 2026
DUG Sep 29, 2026
Frequency
DRIP Quarterly
DUG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DRIPQuarterly · 23 paymentsAll DRIP payments⁠
One bar per payment. 23 payments from 2017 to 2026 YTD. Mar 20, 2018 $7.73; Jun 19, 2018 $3.09; Sep 25, 2018 $6.68; Dec 27, 2018 $25.11; Mar 19, 2019 $15.02; Sep 24, 2019 $26.87; Dec 23, 2019 $2.71; Dec 22, 2020 $0.28; Mar 21, 2023 $2.70; Jun 21, 2023 $1.22; Sep 19, 2023 $0.93; Dec 21, 2023 $0.89; Mar 19, 2024 $1.77; Jun 25, 2024 $1.43; Sep 24, 2024 $1.24; Dec 23, 2024 $0.34; Mar 25, 2025 $1.11; Jun 24, 2025 $0.56; Sep 23, 2025 $0.60; Dec 23, 2025 $0.31; Mar 24, 2026 $0.28; Jun 23, 2026 $0.37; Sep 22, 2026 $0.27. Use the arrow keys to read each point.$0$252017202020232026YTD
DUGQuarterly · 23 paymentsAll DUG payments⁠
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.$0$252017202020232026YTD

DRIP vs DUG Risk

Fall from peak · 5 years

  • DRIP
  • DUG
Oct 29, 2021 to Oct 30, 2026. Worst fall: DRIP −94.6% · Oct 2026. Use the arrow keys to read each point.−100%−75%−50%−25%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
DRIP 46.0%DUG 38.9%, better
Return per unit of riskSharpe ratio, 3 years
DRIP −0.70, betterDUG −0.97
Worst fallMax drawdown, 5 years
DRIP −94.6%DUG −93.2%, better
Market sensitivityBeta, 5 years
DRIP −0.08DUG −0.03

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