BAMO vs. DOG

Last updated Aug 1, 2026

BAMO (Brookstone Opportunities ETF) and DOG (ProShares Short Dow30) are both exchange-traded funds - BAMO is a Diversified Portfolio fund actively managed by Brookstone, while DOG is a Inverse Equities fund tracking the DJ Industrial Average (-100%). BAMO is actively managed, while DOG is passively managed. Over the past year, BAMO returned 12.48% vs -13.86% for DOG. Their -0.85 correlation means they have often moved in opposite directions in the past. BAMO charges 1.30%/yr vs 0.95%/yr for DOG.

Performance

BAMO vs. DOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brookstone Opportunities ETF (BAMO) and ProShares Short Dow30 (DOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BAMO achieves a 6.40% return, which is significantly higher than DOG's -6.75% return.

BAMO

• 1D: 0.53%
• 1M: 0.09%
• 6M: 5.44%
• YTD: 6.40%
• 1Y: 12.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.47%

DOG

• 1D: -0.51%
• 1M: 1.03%
• 6M: -5.42%
• YTD: -6.75%
• 1Y: -13.86%
• 3Y*: -7.85%
• 5Y*: -5.65%
• 10Y*: -11.12%
• ALL TIME*: -10.34%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BAMO Brookstone Opportunities ETF	$152.39K	$173.48K	$172.82K
DOG ProShares Short Dow30	$40.27M	$36.96M	$41.35M

BAMO vs. DOG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BAMO Brookstone Opportunities ETF	6.40%	9.16%	14.39%	7.75%
DOG ProShares Short Dow30	-6.75%	-8.40%	-5.62%	-9.45%

Correlation

The correlation between BAMO and DOG is -0.90, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.90
Correlation (All Time) Calculated using the full available price history since Sep 28, 2023	-0.85

The correlation between BAMO and DOG has been stable across timeframes, ranging from -0.90 to -0.85 - a consistent structural relationship.

Return for Risk

BAMO vs. DOG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BAMO

BAMO Risk / Return Rank: 74
BAMO Sharpe Ratio Rank: 75
BAMO Sortino Ratio Rank: 77
BAMO Omega Ratio Rank: 77
BAMO Calmar Ratio Rank: 63
BAMO Martin Ratio Rank: 78

DOG

DOG Risk / Return Rank: 2
DOG Sharpe Ratio Rank: 1
DOG Sortino Ratio Rank: 2
DOG Omega Ratio Rank: 2
DOG Calmar Ratio Rank: 2
DOG Martin Ratio Rank: 0

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BAMO vs. DOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brookstone Opportunities ETF (BAMO) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BAMO	DOG	Difference
Sharpe ratio: Return per unit of total volatility	1.74	-1.01	+2.76
Sortino ratio: Return per unit of downside risk	2.52	-1.38	+3.90
Omega ratio: Gain probability vs. loss probability	1.32	0.85	+0.48
Calmar ratio: Return relative to maximum drawdown	2.23	-0.85	+3.08
Martin ratio: Return relative to average drawdown	9.99	-1.48	+11.46

BAMO vs. DOG - Sharpe Ratio Comparison

The current BAMO Sharpe Ratio is 1.74, which is higher than the DOG Sharpe Ratio of -1.01. The chart below compares the historical Sharpe Ratios of BAMO and DOG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BAMO vs. DOG - Drawdown Comparison

The maximum BAMO drawdown since its inception was -12.72%, smaller than the maximum DOG drawdown of -92.90%. Use the drawdown chart below to compare losses from any high point for BAMO and DOG.

Drawdown Indicators

	BAMO	DOG	Difference
Max Drawdown Largest peak-to-trough decline	-12.72%	-92.90%	+80.18%
Max Drawdown (1Y) Largest decline over 1 year	-5.45%	-15.02%	+9.57%
Max Drawdown (3Y) Largest decline over 3 years	—	-30.86%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.93%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-70.07%	—
Current Drawdown Current decline from peak	-0.40%	-92.81%	+92.41%
Average Drawdown Average peak-to-trough decline	-1.23%	-66.59%	+65.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.22%	8.60%	-7.38%

Volatility

BAMO vs. DOG - Volatility Comparison

The current volatility for Brookstone Opportunities ETF (BAMO) is 2.18%, while ProShares Short Dow30 (DOG) has a volatility of 3.74%. This indicates that BAMO experiences smaller price fluctuations and is considered to be less risky than DOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BAMO	DOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.18%	3.74%	-1.56%
Volatility (6M) Calculated over the trailing 6-month period	5.94%	9.94%	-4.00%
Volatility (1Y) Calculated over the trailing 1-year period	6.98%	12.59%	-5.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.49%	14.83%	-5.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.49%	17.49%	-8.00%

BAMO vs. DOG - Expense Ratio Comparison

BAMO has a 1.30% expense ratio, which is higher than DOG's 0.95% expense ratio.

Dividends

BAMO vs. DOG - Dividend Comparison

BAMO's dividend yield for the trailing twelve months is around 1.45%, less than DOG's 3.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BAMO Brookstone Opportunities ETF	1.45%	1.54%	1.58%	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DOG ProShares Short Dow30	3.38%	3.65%	5.72%	4.54%	0.41%	0.00%	0.14%	1.54%	0.86%	0.04%

Frequently Asked Questions

Can I hold both BAMO and DOG in my portfolio?

BAMO and DOG have a correlation of -0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BAMO or DOG?

DOG has higher volatility (3.74%) compared to BAMO (2.18%). In terms of maximum drawdown, BAMO dropped -12.72% vs DOG's -92.90%.

Which ETF is better, BAMO or DOG?

On 1-year performance, BAMO leads with 12.48% vs -13.86% for DOG. On fees, DOG is cheaper at 0.95% per year. On volatility, BAMO has been the lower-risk option at 2.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BAMO or DOG?

Over the 1-year period, BAMO has performed better with a 12.48% return vs -13.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BAMO or DOG?

DOG is cheaper with a 0.95% expense ratio, compared with 1.30% for BAMO.

Which ETF pays a higher dividend yield, BAMO or DOG?

DOG has the higher dividend yield at 3.38%, compared with 1.45% for BAMO.

What is the main difference between BAMO and DOG?

BAMO is categorized as Diversified Portfolio, while DOG is Inverse Equities. They also come from different issuers: Brookstone and ProShares. Their fees differ too: 1.30% for BAMO and 0.95% for DOG.

Which has better risk-adjusted returns?

BAMO currently has the higher Sharpe Ratio (1.74 vs -1.01), 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.