DOG vs. SGOV
DOG (ProShares Short Dow30) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - DOG is a Inverse Equities fund tracking the DJ Industrial Average (-100%), while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Both are passively managed. Over the past 5 years, DOG returned -5.62%/yr vs 3.56%/yr for SGOV. At a 0.05 correlation, their price movements are largely independent. DOG charges 0.95%/yr vs 0.09%/yr for SGOV.
Performance
DOG vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, DOG achieves a -4.92% return, which is significantly lower than SGOV's 1.61% 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%
SGOV
- 1D
- 0.02%
- 1M
- 0.29%
- YTD
- 1.61%
- 6M
- 1.78%
- 1Y
- 3.91%
- 3Y*
- 4.71%
- 5Y*
- 3.56%
- 10Y*
- —
DOG vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DOG ProShares Short Dow30 | -4.92% | -8.40% | -5.62% | -7.05% | 5.67% | -19.21% | -19.79% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.61% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between DOG and SGOV is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | 0.05 |
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Return for Risk
DOG vs. SGOV — Risk / Return Rank
DOG
SGOV
DOG vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short Dow30 (DOG) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -21.29 | ||
| Sortino ratioReturn per unit of downside risk | -277.05 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 195.55 | -194.71 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 398.20 | -399.04 |
| Martin ratioReturn relative to average drawdown | -1.38 | 4,461.98 | -4,463.36 |
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Drawdowns
DOG vs. SGOV - Drawdown Comparison
The maximum DOG drawdown since its inception was -92.73%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for DOG and SGOV.
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Drawdown Indicators
| DOG | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.73% | -0.03% | -92.70% |
Max Drawdown (1Y)Largest decline over 1 year | -15.09% | -0.01% | -15.08% |
Max Drawdown (3Y)Largest decline over 3 years | -29.16% | -0.01% | -29.15% |
Max Drawdown (5Y)Largest decline over 5 years | -34.35% | -0.03% | -34.32% |
Max Drawdown (10Y)Largest decline over 10 years | -70.95% | — | — |
Current DrawdownCurrent decline from peak | -92.67% | 0.00% | -92.67% |
Average DrawdownAverage peak-to-trough decline | -66.41% | -0.00% | -66.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.18% | 0.00% | +9.18% |
Volatility
DOG vs. SGOV - Volatility Comparison
ProShares Short Dow30 (DOG) has a higher volatility of 4.36% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that DOG's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DOG | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.36% | 0.05% | +4.31% |
Volatility (6M)Calculated over the trailing 6-month period | 9.87% | 0.13% | +9.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.56% | 0.20% | +12.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.86% | 0.24% | +14.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.51% | 0.24% | +17.27% |
DOG vs. SGOV - Expense Ratio Comparison
DOG has a 0.95% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
DOG vs. SGOV - Dividend Comparison
DOG's dividend yield for the trailing twelve months is around 3.52%, less than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DOG ProShares Short Dow30 | 3.52% | 3.65% | 5.72% | 4.54% | 0.41% | 0.00% | 0.14% | 1.54% | 0.86% | 0.04% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DOG and SGOV have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DOG has higher volatility (4.36%) compared to SGOV (0.05%). In terms of maximum drawdown, DOG dropped -92.73% vs SGOV's -0.03%.
On 5-year performance, SGOV leads with 3.56% vs -5.62% for DOG. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SGOV has performed better with a 3.56% return vs -5.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOV is cheaper with a 0.09% expense ratio, compared with 0.95% for DOG.
SGOV has the higher dividend yield at 3.85%, compared with 3.52% for DOG.
DOG is categorized as Inverse Equities, while SGOV is Ultrashort Bond. DOG tracks DJ Industrial Average (-100%), while SGOV tracks ICE 0-3 Month US Treasury Securities Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.95% for DOG and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.28 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.
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