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DOG vs. QUS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DOG vs. QUS

Last updated Jun 4, 2026

DOG (ProShares Short Dow30) and QUS (SPDR MSCI USA StrategicFactors ETF) are both exchange-traded funds - DOG is a Inverse Equities fund tracking the DJ Industrial Average (-100%), while QUS is a Large Cap Growth Equities fund tracking the MSCI USA Factor Mix A-Series Capped (USD). Both are passively managed. Over the past 10 years, DOG returned -11.18%/yr vs 13.67%/yr for QUS. At a correlation of -0.84, they often move in opposite directions. DOG charges 0.95%/yr vs 0.15%/yr for QUS.

Performance

DOG vs. QUS - Performance Comparison

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

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Returns By Period

In the year-to-date period, DOG achieves a -4.15% return, which is significantly lower than QUS's 6.67% return. Over the past 10 years, DOG has underperformed QUS with an annualized return of -11.18%, while QUS has yielded a comparatively higher 13.67% annualized return.

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%

QUS

1D
-0.43%
1M
2.68%
YTD
6.67%
6M
6.93%
1Y
17.65%
3Y*
17.53%
5Y*
11.08%
10Y*
13.67%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DOG vs. QUS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DOG
ProShares Short Dow30		-4.15%-8.40%-5.62%-7.05%5.67%-19.21%-20.45%-18.43%3.55%-21.51%
QUS
SPDR MSCI USA StrategicFactors ETF		6.67%14.13%18.99%21.78%-14.15%26.72%12.40%32.45%-3.66%21.67%

Correlation

The correlation between DOG and QUS is -0.90, 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

-0.90

Correlation (3Y)
Calculated over the trailing 3-year period

-0.90

Correlation (5Y)
Calculated over the trailing 5-year period

-0.92

Correlation (10Y)
Calculated over the trailing 10-year period

-0.89

Correlation (All Time)
Calculated using the full available price history since Apr 17, 2015

-0.84

The correlation between DOG and QUS has been stable across timeframes, ranging from -0.92 to -0.84 - a consistent structural relationship.

DOG vs. QUS - Sectors Allocation Comparison

Sectors
DOG
QUS

Financial Services

81.2%
14.6%

Basic Materials

-

2.3%

Communication Services

-

10.2%

Consumer Cyclical

-

5.8%

Consumer Defensive

-

9.2%

Energy

-

4.6%

Healthcare

-

13.4%

Industrials

-

8.6%

Real Estate

-

1.4%

Technology

-

26.3%

Utilities

-

3.6%

Financial Services

DOG
81.2%
QUS
14.6%

Basic Materials

DOG

-

QUS
2.3%

Communication Services

DOG

-

QUS
10.2%

Consumer Cyclical

DOG

-

QUS
5.8%

Consumer Defensive

DOG

-

QUS
9.2%

Energy

DOG

-

QUS
4.6%

Healthcare

DOG

-

QUS
13.4%

Industrials

DOG

-

QUS
8.6%

Real Estate

DOG

-

QUS
1.4%

Technology

DOG

-

QUS
26.3%

Utilities

DOG

-

QUS
3.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ProShares Short Dow30

SPDR MSCI USA StrategicFactors ETF

Often compared with DOG:
DOG vs. DXDDOG vs. SHDOG vs. PSQDOG vs. DIADOG vs. UDOWDOG vs. TZADOG vs. SPY
Often compared with QUS:
QUS vs. IVVQUS vs. QUALQUS vs. SPYQUS vs. JQUAQUS vs. VOOQUS vs. DGTQUS vs. BERZ

Return for Risk

DOG vs. QUS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DOG
DOG Risk / Return Rank: 11
Overall Rank
DOG Sharpe Ratio Rank: 11
Sharpe Ratio Rank
DOG Sortino Ratio Rank: 22
Sortino Ratio Rank
DOG Omega Ratio Rank: 22
Omega Ratio Rank
DOG Calmar Ratio Rank: 11
Calmar Ratio Rank
DOG Martin Ratio Rank: 11
Martin Ratio Rank
QUS
QUS Risk / Return Rank: 5757
Overall Rank
QUS Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
QUS Sortino Ratio Rank: 5858
Sortino Ratio Rank
QUS Omega Ratio Rank: 5555
Omega Ratio Rank
QUS Calmar Ratio Rank: 5252
Calmar Ratio Rank
QUS Martin Ratio Rank: 6363
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DOG vs. QUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Short Dow30 (DOG) and SPDR MSCI USA StrategicFactors ETF (QUS). 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.

DOGQUSDifference
Sharpe ratioReturn per unit of total volatility
-1.05
1.95

-3.00

Sortino ratioReturn per unit of downside risk
-1.42
2.81

-4.23

Omega ratioGain probability vs. loss probability

0.84

1.35

-0.51

Calmar ratioReturn relative to maximum drawdown

-0.87

2.59

-3.46

Martin ratioReturn relative to average drawdown

-1.43

11.54

-12.97

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DOG vs. QUS - Sharpe Ratio Comparison

The current DOG Sharpe Ratio is -1.05, which is lower than the QUS Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of DOG and QUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

DOGQUSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-1.05

1.95

-3.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.36

0.78

-1.14

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.64

0.83

-1.48

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.57

0.77

-1.34

Drawdowns

DOG vs. QUS - Drawdown Comparison

The maximum DOG drawdown since its inception was -92.69%, which is greater than QUS's maximum drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for DOG and QUS.

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Drawdown Indicators

DOGQUSDifference

Max Drawdown

Largest peak-to-trough decline

-92.69%

-33.78%

-58.91%

Max Drawdown (1Y)

Largest decline over 1 year

-14.63%

-6.85%

-7.78%

Max Drawdown (3Y)

Largest decline over 3 years

-28.77%

-13.94%

-14.83%

Max Drawdown (5Y)

Largest decline over 5 years

-33.99%

-22.30%

-11.69%

Max Drawdown (10Y)

Largest decline over 10 years

-70.79%

-33.78%

-37.01%

Current Drawdown

Current decline from peak

-92.61%

-0.50%

-92.11%

Average Drawdown

Average peak-to-trough decline

-66.39%

-3.70%

-62.69%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.89%

1.53%

+7.36%

Volatility

DOG vs. QUS - Volatility Comparison

ProShares Short Dow30 (DOG) has a higher volatility of 2.98% compared to SPDR MSCI USA StrategicFactors ETF (QUS) at 1.78%. This indicates that DOG's price experiences larger fluctuations and is considered to be riskier than QUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DOGQUSDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.98%

1.78%

+1.20%

Volatility (6M)

Calculated over the trailing 6-month period

9.37%

6.66%

+2.71%

Volatility (1Y)

Calculated over the trailing 1-year period

12.13%

9.09%

+3.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.79%

14.33%

+0.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.49%

16.42%

+1.07%

DOG vs. QUS - Expense Ratio Comparison

DOG has a 0.95% expense ratio, which is higher than QUS's 0.15% expense ratio.

Dividends

DOG vs. QUS - Dividend Comparison

DOG's dividend yield for the trailing twelve months is around 3.49%, more than QUS's 1.31% yield.

PositionTTM20252024202320222021202020192018201720162015
DOG
ProShares Short Dow30		3.49%3.65%5.72%4.54%0.41%0.00%0.14%1.54%0.86%0.04%0.00%0.00%
QUS
SPDR MSCI USA StrategicFactors ETF		1.31%1.38%1.49%1.57%1.68%1.27%1.73%1.81%2.12%1.86%2.07%1.48%

Frequently Asked Questions

DOG and QUS 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.

DOG has higher volatility (2.98%) compared to QUS (1.78%). In terms of maximum drawdown, DOG dropped -92.69% vs QUS's -33.78%.

On 10-year performance, QUS leads with 13.67% vs -11.18% for DOG. On fees, QUS is cheaper at 0.15% per year. On volatility, QUS has been the lower-risk option at 1.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, QUS has performed better with a 13.67% return vs -11.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QUS is cheaper with a 0.15% expense ratio, compared with 0.95% for DOG.

DOG has the higher dividend yield at 3.49%, compared with 1.31% for QUS.

DOG is categorized as Inverse Equities, while QUS is Large Cap Growth Equities. DOG tracks DJ Industrial Average (-100%), while QUS tracks MSCI USA Factor Mix A-Series Capped (USD). They also come from different issuers: ProShares and State Street. Their fees differ too: 0.95% for DOG and 0.15% for QUS.

QUS currently has the higher Sharpe Ratio (1.95 vs -1.05), 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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