DOG vs. ZIVB

Last updated Jun 4, 2026

DOG (ProShares Short Dow30) and ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) are both Inverse Equities funds. DOG is passively managed, while ZIVB is actively managed. DOG charges 0.95%/yr vs 1.35%/yr for ZIVB.

Performance

DOG vs. ZIVB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Short Dow30 (DOG) and -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

ZIVB

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DOG vs. ZIVB - Yearly Performance Comparison

	2026 (YTD)
DOG ProShares Short Dow30	-0.22%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%

Return for Risk

DOG vs. ZIVB — 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

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. ZIVB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Short Dow30 (DOG) and -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB). 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	ZIVB	Difference
Sharpe ratio Return per unit of total volatility	-1.05	—	—
Sortino ratio Return per unit of downside risk	-1.42	—	—
Omega ratio Gain probability vs. loss probability	0.84	—	—
Calmar ratio Return relative to maximum drawdown	-0.87	—	—
Martin ratio Return relative to average drawdown	-1.43	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	DOG	ZIVB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.05	—	—
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	—	—

Drawdowns

DOG vs. ZIVB - Drawdown Comparison

The maximum DOG drawdown since its inception was -92.69%, which is greater than ZIVB's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for DOG and ZIVB.

Drawdown Indicators

	DOG	ZIVB	Difference
Max Drawdown Largest peak-to-trough decline	-92.69%	0.00%	-92.69%
Max Drawdown (1Y) Largest decline over 1 year	-14.63%	—	—
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%	0.00%	-92.61%
Average Drawdown Average peak-to-trough decline	-66.39%	0.00%	-66.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.89%	—	—

Volatility

Volatility by Period

	DOG	ZIVB	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.98%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.37%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.13%	0.00%	+12.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.79%	0.00%	+14.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.49%	0.00%	+17.49%

DOG vs. ZIVB - Expense Ratio Comparison

DOG has a 0.95% expense ratio, which is lower than ZIVB's 1.35% expense ratio.

Dividends

DOG vs. ZIVB - Dividend Comparison

DOG's dividend yield for the trailing twelve months is around 3.49%, while ZIVB has not paid dividends to shareholders.

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%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, DOG or ZIVB?

On fees, DOG is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DOG or ZIVB?

DOG is cheaper with a 0.95% expense ratio, compared with 1.35% for ZIVB.

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

DOG has the higher dividend yield at 3.49%, compared with 0.00% for ZIVB.

What is the main difference between DOG and ZIVB?

They also come from different issuers: ProShares and Volatility Shares. Their fees differ too: 0.95% for DOG and 1.35% for ZIVB.