DOG vs. YXI
DOG (ProShares Short Dow30) and YXI (ProShares Short FTSE China 50) are both Inverse Equities funds from ProShares - DOG tracks the DJ Industrial Average (-100%) while YXI tracks the FTSE China 50 Net Tax USD (TR) (-100%). Both are passively managed. Over the past 10 years, DOG returned -11.18%/yr vs -8.43%/yr for YXI. At a 0.50 correlation, their price movements are largely independent. Both charge a 0.95% expense ratio.
Performance
DOG vs. YXI - Performance Comparison
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Returns By Period
In the year-to-date period, DOG achieves a -4.15% return, which is significantly lower than YXI's 6.15% return. Over the past 10 years, DOG has underperformed YXI with an annualized return of -11.18%, while YXI has yielded a comparatively higher -8.43% annualized return.
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%
YXI
- 1D
- -2.58%
- 1M
- 1.58%
- YTD
- 6.15%
- 6M
- 8.60%
- 1Y
- -3.19%
- 3Y*
- -12.24%
- 5Y*
- -3.21%
- 10Y*
- -8.43%
DOG vs. YXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DOG ProShares Short Dow30 | -4.15% | -8.40% | -5.62% | -7.05% | 5.67% | -19.21% | -20.45% | -18.43% | 3.55% | -21.51% |
YXI ProShares Short FTSE China 50 | 6.15% | -22.87% | -25.36% | 12.40% | 4.78% | 13.94% | -17.95% | -14.35% | 9.63% | -28.43% |
Correlation
The correlation between DOG and YXI is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2010 | 0.50 |
The correlation between DOG and YXI shifts across timeframes, from 0.35 (5 years) to 0.50 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DOG vs. YXI — Risk / Return Rank
DOG
YXI
DOG vs. YXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short Dow30 (DOG) and ProShares Short FTSE China 50 (YXI). 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 | YXI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.05 | -0.16 | -0.89 |
Sortino ratioReturn per unit of downside risk | -1.42 | -0.09 | -1.33 |
Omega ratioGain probability vs. loss probability | 0.84 | 0.99 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | -0.87 | -0.24 | -0.63 |
Martin ratioReturn relative to average drawdown | -1.43 | -0.42 | -1.01 |
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 | YXI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.05 | -0.16 | -0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | -0.10 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.64 | -0.31 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.57 | -0.31 | -0.26 |
Drawdowns
DOG vs. YXI - Drawdown Comparison
The maximum DOG drawdown since its inception was -92.69%, which is greater than YXI's maximum drawdown of -81.15%. Use the drawdown chart below to compare losses from any high point for DOG and YXI.
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Drawdown Indicators
| DOG | YXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.69% | -81.15% | -11.54% |
Max Drawdown (1Y)Largest decline over 1 year | -14.63% | -14.66% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -28.77% | -53.12% | +24.35% |
Max Drawdown (5Y)Largest decline over 5 years | -33.99% | -57.65% | +23.66% |
Max Drawdown (10Y)Largest decline over 10 years | -70.79% | -64.92% | -5.87% |
Current DrawdownCurrent decline from peak | -92.61% | -78.33% | -14.28% |
Average DrawdownAverage peak-to-trough decline | -66.39% | -54.30% | -12.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.89% | 9.17% | -0.28% |
Volatility
DOG vs. YXI - Volatility Comparison
The current volatility for ProShares Short Dow30 (DOG) is 2.98%, while ProShares Short FTSE China 50 (YXI) has a volatility of 7.00%. This indicates that DOG experiences smaller price fluctuations and is considered to be less risky than YXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DOG | YXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.98% | 7.00% | -4.02% |
Volatility (6M)Calculated over the trailing 6-month period | 9.37% | 14.75% | -5.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.13% | 19.89% | -7.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.79% | 31.40% | -16.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.49% | 27.42% | -9.93% |
DOG vs. YXI - Expense Ratio Comparison
Both DOG and YXI have an expense ratio of 0.95%.
Dividends
DOG vs. YXI - Dividend Comparison
DOG's dividend yield for the trailing twelve months is around 3.49%, more than YXI's 2.89% 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% |
YXI ProShares Short FTSE China 50 | 2.89% | 3.60% | 4.35% | 2.66% | 0.27% | 0.00% | 0.08% | 1.01% | 0.25% | 0.00% |
Frequently Asked Questions
DOG and YXI have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YXI has higher volatility (7.00%) compared to DOG (2.98%). In terms of maximum drawdown, DOG dropped -92.69% vs YXI's -81.15%.
On 10-year performance, YXI leads with -8.43% vs -11.18% for DOG. Both ETFs have the same 0.95% expense ratio. 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.
Over the 10-year period, YXI has performed better with a -8.43% return vs -11.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DOG and YXI have the same expense ratio: 0.95% per year.
DOG has the higher dividend yield at 3.49%, compared with 2.89% for YXI.
DOG tracks DJ Industrial Average (-100%), while YXI tracks FTSE China 50 Net Tax USD (TR) (-100%).
YXI currently has the higher Sharpe Ratio (-0.16 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.
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