ProShares UltraShort Oil & Gas (DUG) Performance
DUG total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −61.9% since Dec 31, 2025
- 1 year
- −62.8% total return
- 5 years
- −39.8% a year
- 10 years
- −33.9% a year
- Since first price
- −30.9% a year since 2007
DUG trailing returns vs SPY, QQQ, AGG
| Period | DUG total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −19.1% | −19.1% | −1.0% | −5.0% | +0.9% |
| 3 months | −28.1% | −28.5% | +3.2% | +1.9% | −0.4% |
| 6 months | −36.0% | −36.7% | +7.8% | +8.4% | −1.5% |
| YTD | −61.9% | −62.5% | +12.3% | +15.1% | −1.0% |
| 1 year | −62.8% | −63.7% | +14.4% | +15.9% | −1.1% |
| 3 years | −67.9%−31.5%/yr | −71.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −92.1%−39.8%/yr | −93.2% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | −98.4%−33.9%/yr | −98.6% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | −99.4%−28.7%/yr | −99.5% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionFeb 1, 2007 | −99.9%−30.9%/yr | −99.96% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: DUG vs SPY
From Feb 1, 2007: DUG grew to $7, SPY to $75,332.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
DUG returns by calendar year
3 of 18 full years positive. Best 2018 (+36.1%), worst 2022 (−73.0%). 2026 is year to date.
DUG annual returns table
| Year | DUG | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −61.9% | −61.1% | +12.3% | +15.1% | −1.0% |
| 2025 | −18.6% | −34.6% | +17.7% | +20.8% | +7.2% |
| 2024 | −6.1% | −33.7% | +24.9% | +25.6% | +1.3% |
| 2023 | −2.3% | −35.1% | +26.2% | +54.9% | +5.7% |
| 2022 | −73.0% | −74.5% | −18.2% | −32.6% | −13.0% |
| 2021 | −68.1% | −70.5% | +28.7% | +27.4% | −1.8% |
| 2020 | −24.6% | −85.2% | +18.3% | +48.6% | +7.5% |
| 2019 | −23.5% | −31.0% | +31.2% | +39.0% | +8.5% |
| 2018 | +36.1% | −34.2% | −4.6% | −0.1% | +0.1% |
| 2017 | −1.1% | −31.1% | +21.7% | +32.7% | +3.6% |
| 2016 | −47.9% | −62.8% | +12.0% | +7.1% | +2.4% |
| 2015 | +34.7% | −36.6% | +1.2% | +9.4% | +0.5% |
| 2014 | +8.4% | −37.2% | +13.5% | +19.2% | +6.0% |
| 2013 | −41.5% | −38.5% | +32.3% | +36.6% | −2.0% |
| 2012 | −17.9% | −37.3% | +16.0% | +18.1% | +3.8% |
| 2011 | −31.5% | −40.6% | +1.9% | +3.4% | +7.7% |
| 2010 | −41.3% | −50.8% | +15.1% | +19.9% | +6.4% |
| 2009 | −49.1% | −65.7% | +26.4% | +54.7% | +3.0% |
| 2008 | −10.6% | −61.7% | −36.8% | −41.7% | +7.9% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
DUG largest drawdowns
Now 99.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 10, 2008 | −99.9% | Oct 23, 2026 | not yet | 18.0 years | 18.0 years so far |
| Mar 5, 2007 | −64.7% | May 20, 2008 | Oct 10, 2008 | 1.2 years | 1.6 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
DUG risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2007 |
|---|---|---|---|---|
| Annualized return | −25.0% | −39.6% | −32.2% | −30.4% |
| Volatility (annualized) | 37.9% | 47.1% | 54.4% | 47.9% |
| Sharpe ratio | -0.68 | -0.88 | -0.46 | -0.53 |
| Sortino ratio | -0.85 | -1.06 | -0.61 | -0.70 |
| Best month | +25.1% | +35.1% | +50.5% | +50.5% |
| Worst month | −23.8% | −36.2% | −49.0% | −49.0% |
| Best 12 months | +20.4% | +20.4% | +168.5% | +168.5% |
| Worst 12 months | −57.3% | −76.2% | −84.9% | −84.9% |
| Positive months | 47% | 40% | 42% | 39% |
| Beta vs S&P 500 | -0.08 | -0.93 | -1.95 | — |
| Correlation with S&P 500 | -0.03 | -0.31 | -0.55 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
DUG rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 225 | −84.9% | −24.6% | +168.5% | 23% |
| 3-year (a year) | 201 | −69.9% | −26.3% | +32.4% | 7% |
| 5-year (a year) | 177 | −54.5% | −30.8% | +13.0% | 6% |
| 10-year (a year) | 117 | −34.2% | −25.7% | −8.8% | 0% |
Every holding period starting at a month-end since 2007. Returns for 3 years and longer are annualized.
DUG performance overview
ProShares UltraShort Oil & Gas (DUG) returned −62.8% over the past year and −33.9% a year over ten years, with distributions reinvested. Since its first recorded price in 2007 it has returned −30.9% a year, turning $10,000 into about $7. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −99.9%, from Oct 10, 2008 to Oct 23, 2026; the fund has not yet regained that high. DUG finished 3 of its 18 full calendar years with a gain; the best year was 2018 (+36.1%) and the worst 2022 (−73.0%). Volatility has been 47.9% a year.
Related: DUG chart, DUG dividends. See the DUG overview for the latest quote and fund facts.
DUG performance FAQ
What is the DUG return over the past year?
DUG returned −62.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 63.7%.
What is the average annual return of DUG?
DUG has returned −39.8% a year over 5 years, −33.9% a year over 10 years, −30.9% a year since February 1, 2007 (total return, distributions reinvested).
How much would $10,000 invested in DUG be worth?
$10,000 invested in DUG at its first recorded close on February 1, 2007 would be worth about $7 on October 23, 2026 with distributions reinvested.
What was the worst year for DUG?
The worst calendar year was 2022, with a total return of −73.0%. The best was 2018 at +36.1%.
What is the biggest drawdown of DUG?
The largest peak-to-trough decline was −99.9% between October 10, 2008 and October 23, 2026. It has not yet recovered to that high; it is 99.9% below its peak.
How volatile is DUG?
Over the past 3 years DUG had an annualized volatility of 37.9% and a Sharpe ratio of -0.68 (excess return over 1–3 month T-bills per unit of risk).