DOG vs. TSDD

Last updated Jun 4, 2026

DOG (ProShares Short Dow30) and TSDD (GraniteShares 2x Short TSLA Daily ETF) are both Inverse Equities funds. DOG is passively managed, while TSDD is actively managed. Over the past year, DOG returned -12.72% vs -62.89% for TSDD. At a 0.37 correlation, their price movements are largely independent. DOG charges 0.95%/yr vs 1.50%/yr for TSDD.

Performance

DOG vs. TSDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Short Dow30 (DOG) and GraniteShares 2x Short TSLA Daily ETF (TSDD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with DOG having a -4.15% return and TSDD slightly lower at -4.27%.

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%

TSDD

• 1D: 0.14%
• 1M: -17.41%
• YTD: -4.27%
• 6M: -7.92%
• 1Y: -62.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DOG vs. TSDD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DOG ProShares Short Dow30	-4.15%	-8.40%	-5.62%	-6.86%
TSDD GraniteShares 2x Short TSLA Daily ETF	-4.27%	-74.84%	-89.21%	-20.49%

Correlation

The correlation between DOG and TSDD is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (All Time) Calculated using the full available price history since Aug 23, 2023	0.37

DOG vs. TSDD - Sectors Allocation Comparison

Sectors	DOG	TSDD
Financial Services	81.2%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	200.1%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

DOG vs. TSDD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DOG

DOG Risk / Return Rank: 1
DOG Sharpe Ratio Rank: 1
DOG Sortino Ratio Rank: 2
DOG Omega Ratio Rank: 2
DOG Calmar Ratio Rank: 1
DOG Martin Ratio Rank: 1

TSDD

TSDD Risk / Return Rank: 3
TSDD Sharpe Ratio Rank: 3
TSDD Sortino Ratio Rank: 3
TSDD Omega Ratio Rank: 3
TSDD Calmar Ratio Rank: 2
TSDD Martin Ratio Rank: 4

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. TSDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Short Dow30 (DOG) and GraniteShares 2x Short TSLA Daily ETF (TSDD). 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	TSDD	Difference
Sharpe ratio Return per unit of total volatility	-1.05	-0.68	-0.37
Sortino ratio Return per unit of downside risk	-1.42	-0.87	-0.56
Omega ratio Gain probability vs. loss probability	0.84	0.90	-0.06
Calmar ratio Return relative to maximum drawdown	-0.87	-0.83	-0.04
Martin ratio Return relative to average drawdown	-1.43	-1.05	-0.38
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. TSDD - Sharpe Ratio Comparison

The current DOG Sharpe Ratio is -1.05, which is lower than the TSDD Sharpe Ratio of -0.68. The chart below compares the historical Sharpe Ratios of DOG and TSDD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DOG	TSDD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.05	-0.68	-0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.36	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.57	-0.66	+0.09

Drawdowns

DOG vs. TSDD - Drawdown Comparison

The maximum DOG drawdown since its inception was -92.69%, smaller than the maximum TSDD drawdown of -99.03%. Use the drawdown chart below to compare losses from any high point for DOG and TSDD.

Drawdown Indicators

	DOG	TSDD	Difference
Max Drawdown Largest peak-to-trough decline	-92.69%	-99.03%	+6.34%
Max Drawdown (1Y) Largest decline over 1 year	-14.63%	-76.12%	+61.49%
Max Drawdown (3Y) Largest decline over 3 years	-28.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.99%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-70.79%	—	—
Current Drawdown Current decline from peak	-92.61%	-98.90%	+6.29%
Average Drawdown Average peak-to-trough decline	-66.39%	-71.21%	+4.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.89%	59.88%	-50.99%

Volatility

DOG vs. TSDD - Volatility Comparison

The current volatility for ProShares Short Dow30 (DOG) is 2.98%, while GraniteShares 2x Short TSLA Daily ETF (TSDD) has a volatility of 24.19%. This indicates that DOG experiences smaller price fluctuations and is considered to be less risky than TSDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DOG	TSDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.98%	24.19%	-21.21%
Volatility (6M) Calculated over the trailing 6-month period	9.37%	54.90%	-45.53%
Volatility (1Y) Calculated over the trailing 1-year period	12.13%	92.57%	-80.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.79%	114.46%	-99.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.49%	114.46%	-96.97%

DOG vs. TSDD - Expense Ratio Comparison

DOG has a 0.95% expense ratio, which is lower than TSDD's 1.50% expense ratio.

Dividends

DOG vs. TSDD - Dividend Comparison

DOG's dividend yield for the trailing twelve months is around 3.49%, less than TSDD's 8.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DOG ProShares Short Dow30	3.49%	3.65%	5.72%	4.54%	0.41%	0.00%	0.14%	1.54%	0.86%	0.04%
TSDD GraniteShares 2x Short TSLA Daily ETF	8.80%	8.42%	0.00%	24.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DOG and TSDD in my portfolio?

DOG and TSDD have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DOG or TSDD?

TSDD has higher volatility (24.19%) compared to DOG (2.98%). In terms of maximum drawdown, DOG dropped -92.69% vs TSDD's -99.03%.

Which ETF is better, DOG or TSDD?

On 1-year performance, DOG leads with -12.72% vs -62.89% for TSDD. On fees, DOG is cheaper at 0.95% per year. On volatility, DOG has been the lower-risk option at 2.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DOG or TSDD?

Over the 1-year period, DOG has performed better with a -12.72% return vs -62.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DOG or TSDD?

DOG is cheaper with a 0.95% expense ratio, compared with 1.50% for TSDD.

Which ETF pays a higher dividend yield, DOG or TSDD?

TSDD has the higher dividend yield at 8.80%, compared with 3.49% for DOG.

What is the main difference between DOG and TSDD?

They also come from different issuers: ProShares and GraniteShares. Their fees differ too: 0.95% for DOG and 1.50% for TSDD.

Which has better risk-adjusted returns?

TSDD currently has the higher Sharpe Ratio (-0.68 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.