AIBD vs. DOG
AIBD (Direxion Daily AI and Big Data Bear 2X Shares) and DOG (ProShares Short Dow30) are both Inverse Equities funds - AIBD tracks the Solactive US AI & Big Data Index while DOG tracks the DJ Industrial Average (-100%). Both are passively managed. Over the past year, AIBD returned -59.55% vs -12.72% for DOG. A 0.54 correlation means they provide meaningful diversification when combined. AIBD charges 1.05%/yr vs 0.95%/yr for DOG.
Performance
AIBD vs. DOG - Performance Comparison
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Returns By Period
In the year-to-date period, AIBD achieves a -38.68% return, which is significantly lower than DOG's -4.15% return.
AIBD
- 1D
- 4.30%
- 1M
- -24.36%
- YTD
- -38.68%
- 6M
- -33.54%
- 1Y
- -59.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DOG
- 1D
- 1.13%
- 1M
- -3.36%
- YTD
- -4.15%
- 6M
- -4.06%
- 1Y
- -12.72%
- 3Y*
- -8.28%
- 5Y*
- -5.31%
- 10Y*
- -11.18%
AIBD vs. DOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | -38.68% | -49.15% | -33.02% |
DOG ProShares Short Dow30 | -4.15% | -8.40% | -2.68% |
Correlation
The correlation between AIBD and DOG is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since May 16, 2024 | 0.54 |
The correlation between AIBD and DOG has been stable across timeframes, ranging from 0.47 to 0.54 - a consistent structural relationship.
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Return for Risk
AIBD vs. DOG — Risk / Return Rank
AIBD
DOG
AIBD vs. DOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AI and Big Data Bear 2X Shares (AIBD) and ProShares Short Dow30 (DOG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AIBD | DOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 0.84 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | -0.87 | -0.10 |
| Martin ratioReturn relative to average drawdown | -1.78 | -1.43 | -0.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AIBD | DOG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.17 | -1.05 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.36 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.95 | -0.57 | -0.38 |
Drawdowns
AIBD vs. DOG - Drawdown Comparison
The maximum AIBD drawdown since its inception was -82.11%, smaller than the maximum DOG drawdown of -92.69%. Use the drawdown chart below to compare losses from any high point for AIBD and DOG.
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Drawdown Indicators
| AIBD | DOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.11% | -92.69% | +10.58% |
Max Drawdown (1Y)Largest decline over 1 year | -61.47% | -14.63% | -46.84% |
Max Drawdown (3Y)Largest decline over 3 years | — | -28.77% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.99% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.79% | — |
Current DrawdownCurrent decline from peak | -81.34% | -92.61% | +11.27% |
Average DrawdownAverage peak-to-trough decline | -48.17% | -66.39% | +18.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.38% | 8.89% | +24.49% |
Volatility
AIBD vs. DOG - Volatility Comparison
Direxion Daily AI and Big Data Bear 2X Shares (AIBD) has a higher volatility of 14.63% compared to ProShares Short Dow30 (DOG) at 2.98%. This indicates that AIBD's price experiences larger fluctuations and is considered to be riskier than DOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIBD | DOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.63% | 2.98% | +11.65% |
Volatility (6M)Calculated over the trailing 6-month period | 37.40% | 9.37% | +28.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.16% | 12.13% | +39.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.52% | 14.79% | +41.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.52% | 17.49% | +39.03% |
AIBD vs. DOG - Expense Ratio Comparison
AIBD has a 1.05% expense ratio, which is higher than DOG's 0.95% expense ratio.
Dividends
AIBD vs. DOG - Dividend Comparison
AIBD's dividend yield for the trailing twelve months is around 5.68%, more than DOG's 3.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | 5.68% | 4.37% | 3.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DOG ProShares Short Dow30 | 3.49% | 3.65% | 5.72% | 4.54% | 0.41% | 0.00% | 0.14% | 1.54% | 0.86% | 0.04% |
Frequently Asked Questions
AIBD and DOG have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIBD has higher volatility (14.63%) compared to DOG (2.98%). In terms of maximum drawdown, AIBD dropped -82.11% vs DOG's -92.69%.
On 1-year performance, DOG leads with -12.72% vs -59.55% for AIBD. On fees, DOG is cheaper at 0.95% per year. On volatility, DOG has been the lower-risk option at 2.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DOG has performed better with a -12.72% return vs -59.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DOG is cheaper with a 0.95% expense ratio, compared with 1.05% for AIBD.
AIBD has the higher dividend yield at 5.68%, compared with 3.49% for DOG.
AIBD tracks Solactive US AI & Big Data Index, while DOG tracks DJ Industrial Average (-100%). They also come from different issuers: Direxion and ProShares. Their fees differ too: 1.05% for AIBD and 0.95% for DOG.
DOG currently has the higher Sharpe Ratio (-1.05 vs -1.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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