DXD vs. DOG
Compare and contrast key facts about ProShares UltraShort Dow30 (DXD) and ProShares Short Dow30 (DOG).
DXD and DOG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DXD is a passively managed fund by ProShares that tracks the performance of the Dow Jones Industrial Average Index (-200%). It was launched on Jul 11, 2006. 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. Both DXD and DOG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
DXD vs. DOG - Performance Comparison
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DXD vs. DOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXD ProShares UltraShort Dow30 | 7.86% | -21.11% | -16.07% | -18.77% | 7.09% | -35.18% | -44.57% | -35.33% | 3.07% | -38.64% |
DOG ProShares Short Dow30 | 4.40% | -8.40% | -5.62% | -7.05% | 5.67% | -19.21% | -20.45% | -18.43% | 3.55% | -21.51% |
Returns By Period
In the year-to-date period, DXD achieves a 7.86% return, which is significantly higher than DOG's 4.40% return. Over the past 10 years, DXD has underperformed DOG with an annualized return of -23.42%, while DOG has yielded a comparatively higher -10.49% annualized return.
DXD
- 1D
- -4.93%
- 1M
- 11.45%
- YTD
- 7.86%
- 6M
- 1.61%
- 1Y
- -17.91%
- 3Y*
- -16.52%
- 5Y*
- -13.47%
- 10Y*
- -23.42%
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%
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DXD vs. DOG - Expense Ratio Comparison
Both DXD and DOG have an expense ratio of 0.95%.
Return for Risk
DXD vs. DOG — Risk / Return Rank
DXD
DOG
DXD vs. DOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Dow30 (DXD) and ProShares Short Dow30 (DOG). 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.
| DXD | DOG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.54 | -0.40 | -0.14 |
Sortino ratioReturn per unit of downside risk | -0.58 | -0.45 | -0.13 |
Omega ratioGain probability vs. loss probability | 0.92 | 0.94 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | -0.45 | -0.34 | -0.12 |
Martin ratioReturn relative to average drawdown | -0.61 | -0.46 | -0.14 |
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
| DXD | DOG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.54 | -0.40 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.46 | -0.32 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.67 | -0.60 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.63 | -0.55 | -0.08 |
Correlation
The correlation between DXD and DOG is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
DXD vs. DOG - Dividend Comparison
DXD's dividend yield for the trailing twelve months is around 3.43%, more than DOG's 3.21% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DXD ProShares UltraShort Dow30 | 3.43% | 4.25% | 5.91% | 3.87% | 0.25% | 0.00% | 0.31% | 1.76% | 1.15% | 0.12% |
DOG ProShares Short Dow30 | 3.21% | 3.65% | 5.72% | 4.54% | 0.41% | 0.00% | 0.14% | 1.54% | 0.86% | 0.04% |
Drawdowns
DXD vs. DOG - Drawdown Comparison
The maximum DXD drawdown since its inception was -99.69%, which is greater than DOG's maximum drawdown of -92.59%. Use the drawdown chart below to compare losses from any high point for DXD and DOG.
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Drawdown Indicators
| DXD | DOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.69% | -92.59% | -7.10% |
Max Drawdown (1Y)Largest decline over 1 year | -43.03% | -22.70% | -20.33% |
Max Drawdown (5Y)Largest decline over 5 years | -63.50% | -33.06% | -30.44% |
Max Drawdown (10Y)Largest decline over 10 years | -94.37% | -70.38% | -23.99% |
Current DrawdownCurrent decline from peak | -99.64% | -91.95% | -7.69% |
Average DrawdownAverage peak-to-trough decline | -82.15% | -66.16% | -15.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.18% | 16.48% | +15.70% |
Volatility
DXD vs. DOG - Volatility Comparison
ProShares UltraShort Dow30 (DXD) has a higher volatility of 9.94% compared to ProShares Short Dow30 (DOG) at 5.00%. This indicates that DXD's price experiences larger fluctuations and is considered to be riskier than DOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXD | DOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.94% | 5.00% | +4.94% |
Volatility (6M)Calculated over the trailing 6-month period | 18.65% | 9.24% | +9.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.43% | 16.82% | +16.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.39% | 14.73% | +14.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.85% | 17.46% | +17.39% |