DOG vs. SPY
Compare and contrast key facts about ProShares Short Dow30 (DOG) and SPDR S&P 500 ETF (SPY).
DOG and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both DOG and SPY 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 SPY.
Key characteristics
| DOG | SPY | |
|---|---|---|
| YTD Return | 1.03% | 6.58% |
| 1Y Return | -6.66% | 25.57% |
| 3Y Return (Ann) | -3.24% | 8.08% |
| 5Y Return (Ann) | -10.04% | 13.25% |
| 10Y Return (Ann) | -11.02% | 12.38% |
| Sharpe Ratio | -0.59 | 2.13 |
| Daily Std Dev | 9.98% | 11.60% |
| Max Drawdown | -91.42% | -55.19% |
| Current Drawdown | -90.99% | -3.47% |
Correlation
The correlation between DOG and SPY is -0.94. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
DOG vs. SPY - Performance Comparison
In the year-to-date period, DOG achieves a 1.03% return, which is significantly lower than SPY's 6.58% return. Over the past 10 years, DOG has underperformed SPY with an annualized return of -11.02%, while SPY has yielded a comparatively higher 12.38% 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. SPY - Expense Ratio Comparison
DOG has a 0.95% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
DOG vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short Dow30 (DOG) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
DOG's dividend yield for the trailing twelve months is around 4.94%, more than SPY's 1.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DOG ProShares Short Dow30 | 4.94% | 4.54% | 0.41% | 0.00% | 0.14% | 1.54% | 0.86% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.33% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
DOG vs. SPY - Drawdown Comparison
The maximum DOG drawdown since its inception was -91.42%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DOG and SPY. For additional features, visit the drawdowns tool.
Volatility
DOG vs. SPY - Volatility Comparison
The current volatility for ProShares Short Dow30 (DOG) is 3.38%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.03%. This indicates that DOG experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.