DOG vs. SHRT
Compare and contrast key facts about ProShares Short Dow30 (DOG) and Gotham Short Strategies ETF (SHRT).
DOG and SHRT 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. SHRT is an actively managed fund by Gotham. It was launched on Jul 31, 2017.
Performance
DOG vs. SHRT - Performance Comparison
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DOG vs. SHRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DOG ProShares Short Dow30 | 4.40% | -8.40% | -5.62% | -8.68% |
SHRT Gotham Short Strategies ETF | -2.73% | -0.91% | -1.44% | -5.83% |
Returns By Period
In the year-to-date period, DOG achieves a 4.40% return, which is significantly higher than SHRT's -2.73% return.
DOG
- 1D
- -2.44%
- 1M
- 5.84%
- YTD
- 4.40%
- 6M
- 1.88%
- 1Y
- -6.66%
- 3Y*
- -5.84%
- 5Y*
- -4.72%
- 10Y*
- -10.49%
SHRT
- 1D
- -1.51%
- 1M
- 4.54%
- YTD
- -2.73%
- 6M
- -1.63%
- 1Y
- -8.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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DOG vs. SHRT - Expense Ratio Comparison
DOG has a 0.95% expense ratio, which is lower than SHRT's 1.35% expense ratio.
Return for Risk
DOG vs. SHRT — Risk / Return Rank
DOG
SHRT
DOG vs. SHRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short Dow30 (DOG) and Gotham Short Strategies ETF (SHRT). 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.
| DOG | SHRT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.40 | -0.61 | +0.21 |
Sortino ratioReturn per unit of downside risk | -0.45 | -0.84 | +0.39 |
Omega ratioGain probability vs. loss probability | 0.94 | 0.91 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | -0.34 | -0.49 | +0.15 |
Martin ratioReturn relative to average drawdown | -0.46 | -0.89 | +0.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DOG | SHRT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.40 | -0.61 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.32 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.55 | -0.36 | -0.19 |
Correlation
The correlation between DOG and SHRT is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
DOG vs. SHRT - Dividend Comparison
DOG's dividend yield for the trailing twelve months is around 3.21%, more than SHRT's 0.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DOG ProShares Short Dow30 | 3.21% | 3.65% | 5.72% | 4.54% | 0.41% | 0.00% | 0.14% | 1.54% | 0.86% | 0.04% |
SHRT Gotham Short Strategies ETF | 0.07% | 0.07% | 0.85% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DOG vs. SHRT - Drawdown Comparison
The maximum DOG drawdown since its inception was -92.59%, which is greater than SHRT's maximum drawdown of -18.97%. Use the drawdown chart below to compare losses from any high point for DOG and SHRT.
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Drawdown Indicators
| DOG | SHRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.59% | -18.97% | -73.62% |
Max Drawdown (1Y)Largest decline over 1 year | -22.70% | -17.65% | -5.05% |
Max Drawdown (5Y)Largest decline over 5 years | -33.06% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -70.38% | — | — |
Current DrawdownCurrent decline from peak | -91.95% | -12.77% | -79.18% |
Average DrawdownAverage peak-to-trough decline | -66.16% | -7.21% | -58.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.48% | 9.62% | +6.86% |
Volatility
DOG vs. SHRT - Volatility Comparison
The current volatility for ProShares Short Dow30 (DOG) is 5.00%, while Gotham Short Strategies ETF (SHRT) has a volatility of 6.06%. This indicates that DOG experiences smaller price fluctuations and is considered to be less risky than SHRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DOG | SHRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 6.06% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 9.24% | 10.51% | -1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.82% | 14.59% | +2.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.73% | 12.66% | +2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.46% | 12.66% | +4.80% |