Short Oil & Gas - DDG Short Oil & Gas

ProShares Short Oil & Gas seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Dow Jones U.S. Oil & GasSM Index.

This short ProShares ETF seeks a return that is -1x the return of its underlying benchmark (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, holding periods of greater than one day can result in returns that are significantly different than the target return and ProShares' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks. Investors should monitor their holdings as frequently as daily. Investors should consult the prospectus for further details on the calculation of the returns and the risks associated with investing in this product.

  • Read more about ProShares Geared Energy Sector ETFs.
  • Learn more about considerations for geared investing.

Index/Benchmark Summary

The Dow Jones U.S. Oil & Gas Index measures the performance of the energy sector of the U.S. equity market. Component companies include oil drilling equipment and services, coal, oil companies-major, oil companies-secondary, pipelines, liquid, solid or gaseous fossil fuel producers and service companies.

Fundamentals as of 3/31/20

Total Number of Companies 49
Price/Earnings Ratio 10.69
Price/Book Ratio 0.77
Dividend Yield *(%) 7.92
Average Index Market Capitalization $12.55 billion

* Derivative contracts are priced to reflect the underlying index yield and will not generate dividend income. Because ProShares invest in derivatives, they will not have dividend distributions that reflect those of their applicable indexes.

Index Holdings Information as of 3/31/20

Top 10 Index Companies Weight
Exxon Mobil Corp. 26.70%
Chevron Corp. 22.77%
ConocoPhillips 5.62%
Kinder Morgan Inc. 4.51%
Phillips 66 3.96%
EOG Resources Inc. 3.47%
Valero Energy Corp. 3.10%
Schlumberger Ltd. 3.10%
The Williams Cos. Inc. 2.85%
Marathon Petroleum Corp. 2.55%

ProShares may invest in financial instruments (including derivatives) that, in combination, should have similar daily price return characteristics to the fund's benchmark.

Index Holdings as of 3/31/20

Index Sector Weightings § Weight
Oil, Gas & Consumable Fuels 91.57%
Energy Equipment & Services 6.96%
Electric Utilities 1.02%
Semiconductors & Semiconductor Equipment 0.45%

§ Sum of weightings may not equal 100% due to rounding.