Ultra Oil & Gas - DIG Ultra Oil & Gas

ProShares Ultra Oil & Gas seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. Oil & GasSM Index.

This leveraged ProShares ETF seeks a return that is 2x 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. It is not possible to invest directly in an index.

Fundamentals as of 12/31/19

Total Number of Companies 48
Price/Earnings Ratio 19.95
Price/Book Ratio 1.58
Dividend Yield *(%) 3.74
Average Index Market Capitalization $26.57 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 12/31/19

Top 10 Index Companies Weight
Exxon Mobil Corp. 23.69%
Chevron Corp. 18.28%
ConocoPhillips 5.73%
Schlumberger Ltd. 4.47%
Phillips 66 3.97%
EOG Resources Inc. 3.91%
Kinder Morgan Inc. 3.31%
Marathon Petroleum Corp. 3.14%
Valero Energy Corp. 3.09%
Occidental Petroleum Corp. 2.95%

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 12/31/19

Index Sector Weightings § Weight
Oil, Gas & Consumable Fuels 88.70%
Energy Equipment & Services 10.24%
Electric Utilities 0.71%
Semiconductors & Semiconductor Equipment 0.34%

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