DOG vs. SH
Compare and contrast key facts about ProShares Short Dow30 (DOG) and ProShares Short S&P500 (SH).
DOG and SH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DOG is a passively managed fund by ProShares that tracks the performance of the DJ Industrial Average (-100%). It was launched on Jun 19, 2006. SH is a passively managed fund by ProShares that tracks the performance of the S&P 500 (-100%). It was launched on Jun 19, 2006. Both DOG and SH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DOG or SH.
Key characteristics
| DOG | SH | |
|---|---|---|
| YTD Return | 1.03% | -3.57% |
| 1Y Return | -6.66% | -13.64% |
| 3Y Return (Ann) | -3.24% | -5.91% |
| 5Y Return (Ann) | -10.04% | -12.89% |
| 10Y Return (Ann) | -11.02% | -12.03% |
| Sharpe Ratio | -0.59 | -1.13 |
| Daily Std Dev | 9.98% | 11.51% |
| Max Drawdown | -91.42% | -93.02% |
| Current Drawdown | -90.99% | -92.70% |
Correlation
The correlation between DOG and SH is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DOG vs. SH - Performance Comparison
In the year-to-date period, DOG achieves a 1.03% return, which is significantly higher than SH's -3.57% return. Over the past 10 years, DOG has outperformed SH with an annualized return of -11.02%, while SH has yielded a comparatively lower -12.03% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DOG vs. SH - Expense Ratio Comparison
DOG has a 0.95% expense ratio, which is higher than SH's 0.90% expense ratio.
Risk-Adjusted Performance
DOG vs. SH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short Dow30 (DOG) and ProShares Short S&P500 (SH). 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.
Dividends
DOG vs. SH - Dividend Comparison
DOG's dividend yield for the trailing twelve months is around 4.94%, less than SH's 5.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
DOG ProShares Short Dow30 | 4.94% | 4.54% | 0.41% | 0.00% | 0.14% | 1.54% | 0.86% | 0.04% |
SH ProShares Short S&P500 | 5.80% | 5.37% | 0.32% | 0.00% | 0.16% | 1.76% | 1.01% | 0.06% |
Drawdowns
DOG vs. SH - Drawdown Comparison
The maximum DOG drawdown since its inception was -91.42%, roughly equal to the maximum SH drawdown of -93.02%. Use the drawdown chart below to compare losses from any high point for DOG and SH. For additional features, visit the drawdowns tool.
Volatility
DOG vs. SH - Volatility Comparison
The current volatility for ProShares Short Dow30 (DOG) is 3.38%, while ProShares Short S&P500 (SH) has a volatility of 3.95%. This indicates that DOG experiences smaller price fluctuations and is considered to be less risky than SH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.