DOG vs. HDB
DOG (ProShares Short Dow30) is Inverse Equities fund tracking the DJ Industrial Average (-100%), while HDB (HDFC Bank Limited) is a stock. Over the past 10 years, DOG returned -11.31%/yr vs 5.46%/yr for HDB. At a correlation of -0.51, they often move in opposite directions.
Performance
DOG vs. HDB - Performance Comparison
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Returns By Period
In the year-to-date period, DOG achieves a -4.92% return, which is significantly higher than HDB's -33.85% return. Over the past 10 years, DOG has underperformed HDB with an annualized return of -11.31%, while HDB has yielded a comparatively higher 5.46% annualized return.
DOG
- 1D
- -0.63%
- 1M
- -2.03%
- YTD
- -4.92%
- 6M
- -3.86%
- 1Y
- -14.29%
- 3Y*
- -8.19%
- 5Y*
- -5.62%
- 10Y*
- -11.31%
HDB
- 1D
- 1.51%
- 1M
- -2.70%
- YTD
- -33.85%
- 6M
- -32.66%
- 1Y
- -33.11%
- 3Y*
- -7.62%
- 5Y*
- -7.24%
- 10Y*
- 5.46%
DOG vs. HDB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DOG ProShares Short Dow30 | -4.92% | -8.40% | -5.62% | -7.05% | 5.67% | -19.21% | -20.45% | -18.43% | 3.55% | -21.51% |
HDB HDFC Bank Limited | -33.85% | 17.07% | -2.54% | 0.16% | 7.39% | -9.29% | 14.03% | 22.58% | 2.44% | 68.50% |
Correlation
The correlation between DOG and HDB is -0.37, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2006 | -0.51 |
The correlation between DOG and HDB shifts across timeframes, from -0.51 (all time) to -0.35 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
DOG vs. HDB — Risk / Return Rank
DOG
HDB
DOG vs. HDB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short Dow30 (DOG) and HDFC Bank Limited (HDB). 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.
| DOG | HDB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.75 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | -0.85 | +0.01 |
| Martin ratioReturn relative to average drawdown | -1.38 | -1.74 | +0.35 |
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Drawdowns
DOG vs. HDB - Drawdown Comparison
The maximum DOG drawdown since its inception was -92.73%, which is greater than HDB's maximum drawdown of -67.93%. Use the drawdown chart below to compare losses from any high point for DOG and HDB.
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Drawdown Indicators
| DOG | HDB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.73% | -67.93% | -24.80% |
Max Drawdown (1Y)Largest decline over 1 year | -15.09% | -40.98% | +25.89% |
Max Drawdown (3Y)Largest decline over 3 years | -29.16% | -40.98% | +11.82% |
Max Drawdown (5Y)Largest decline over 5 years | -34.35% | -40.98% | +6.63% |
Max Drawdown (10Y)Largest decline over 10 years | -70.95% | -54.28% | -16.67% |
Current DrawdownCurrent decline from peak | -92.67% | -38.00% | -54.67% |
Average DrawdownAverage peak-to-trough decline | -66.41% | -13.80% | -52.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.18% | 20.09% | -10.91% |
Volatility
DOG vs. HDB - Volatility Comparison
The current volatility for ProShares Short Dow30 (DOG) is 4.36%, while HDFC Bank Limited (HDB) has a volatility of 8.37%. This indicates that DOG experiences smaller price fluctuations and is considered to be less risky than HDB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DOG | HDB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.36% | 8.37% | -4.01% |
Volatility (6M)Calculated over the trailing 6-month period | 9.87% | 21.09% | -11.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.56% | 24.57% | -12.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.86% | 26.84% | -11.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.51% | 29.07% | -11.56% |
Dividends
DOG vs. HDB - Dividend Comparison
DOG's dividend yield for the trailing twelve months is around 3.52%, which matches HDB's 3.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DOG ProShares Short Dow30 | 3.52% | 3.65% | 5.72% | 4.54% | 0.41% | 0.00% | 0.14% | 1.54% | 0.86% | 0.04% | 0.00% | 0.00% |
HDB HDFC Bank Limited | 3.51% | 2.32% | 2.19% | 2.06% | 1.70% | 0.81% | 0.00% | 0.17% | 0.55% | 0.49% | 0.66% | 0.58% |
Frequently Asked Questions
DOG and HDB have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDB has higher volatility (8.37%) compared to DOG (4.36%). In terms of maximum drawdown, DOG dropped -92.73% vs HDB's -67.93%.
DOG currently has the higher Sharpe Ratio (-1.01 vs -1.42), 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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