Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
How It Works 
News - Chart
- Upturn Summary
- Fund Details
Upturn AI Summary
ProShares Ultra Oil & Gas(DIG)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for DIG
10/28/2026: DIG (2-star) has a low Upturn Star Rating. Not recommended to BUY.
ProShares Ultra Oil & Gas (DIG) is a leveraged ETF designed to deliver double the daily performance of the Dow Jones U.S. Oil & Gas Index. It offers high liquidity and is a favored tool for active traders seeking to capitalize on short-term momentum in the energy sector. However, the fund carries significant risks, including volatility decay and the potential for magnified losses, making it inappropriate for long-term investors. Its primary use case is tactical, and participants should monitor energy commodity trends and market volatility closely. Investors must understand that this is a sophisticated financial product that resets daily and is not intended for holding beyond very short timeframes.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | This is a leveraged instrument intended for short-term tactical use rather than long-term growth compounding. |
| Momentum investor | Strong fit while signal remains positive | Momentum traders use DIG to amplify gains during short-term positive trends in the energy sector. |
| Value investor | Weak fit | Value investors generally seek stable assets and dividends, which are undermined by the leverage and decay inherent in this fund. |
| Dividend/Income investor | Weak fit | DIG is not designed for income generation and does not offer stable dividend yield potential. |
| Low-risk investor | Weak fit | The high volatility and leveraged risk profile of this fund are fundamentally unsuitable for low-risk strategies. |
Investor Profile
Ideal Investor Profile
The ideal investor is an experienced, active short-term trader with a high risk tolerance.
Suitability
DIG is strictly for short-term tactical trading and is unsuitable for long-term buy-and-hold strategies.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | The 2x leverage significantly amplifies price swings, leading to rapid potential losses. |
| Market risk | High | The fund is directly tied to the highly cyclical and volatile oil and gas industry. |
| Concentration | High | Exposure is restricted to a single sector, leaving the fund vulnerable to industry-specific downturns. |
| Tracking/expense | Medium | Daily rebalancing can lead to significant tracking error relative to the index over time. |
| Liquidity | Low | While the ETF is liquid, the underlying derivative market could face liquidity constraints during extreme volatility. |
| Business/sector quality | Medium | Oil and gas companies face ongoing regulatory and energy transition risks. |
Risk Analysis
Volatility
DIG exhibits extremely high volatility due to the 2x leverage factor, which doubles both the upside potential and downside risks of the index.
Market Risk
The fund is tethered to the oil and gas market, which is prone to sudden price shocks caused by global politics and economic cycles.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Sector | Dow Jones U.S. Oil & Gas Index — seeks 2x daily return | 95 | This represents the underlying index exposure achieved through swap agreements to provide double the daily performance. |
| Cash/collateral | Cash and Cash Equivalents | 5 | This cash serves as collateral for the derivative contracts used to maintain the fund's leveraged strategy. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type ETF | Historic Profit -13.11% | Avg. Invested days 33 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/28/2026 |
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.
All company names, trademarks, logos, and brands are the property of their respective owners and are used for identification and informational purposes only. Use of these names, trademarks, and logos does not imply endorsement by their respective owners.