QQDN vs. DOG
QQDN (ProShares UltraShort QQQ Mega) and DOG (ProShares Short Dow30) are both Inverse Equities funds from ProShares - QQDN tracks the Nasdaq-100 Mega Index while DOG tracks the DJ Industrial Average (-100%). Both are passively managed. A 0.51 correlation means they provide meaningful diversification when combined. Both charge a 0.95% expense ratio.
Performance
QQDN vs. DOG - Performance Comparison
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Returns By Period
In the year-to-date period, QQDN achieves a -17.46% return, which is significantly lower than DOG's -5.73% return.
QQDN
- 1D
- -0.14%
- 1M
- -6.55%
- YTD
- -17.46%
- 6M
- -13.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DOG
- 1D
- -1.65%
- 1M
- -4.30%
- YTD
- -5.73%
- 6M
- -5.73%
- 1Y
- -14.39%
- 3Y*
- -8.97%
- 5Y*
- -5.63%
- 10Y*
- -11.26%
QQDN vs. DOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQDN ProShares UltraShort QQQ Mega | -17.46% | -34.14% |
DOG ProShares Short Dow30 | -5.73% | -8.15% |
Correlation
The correlation between QQDN and DOG is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025 | 0.51 |
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Return for Risk
QQDN vs. DOG — Risk / Return Rank
QQDN
DOG
QQDN vs. DOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort QQQ Mega (QQDN) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| QQDN | DOG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -1.18 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.38 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.21 | -0.57 | -0.64 |
Drawdowns
QQDN vs. DOG - Drawdown Comparison
The maximum QQDN drawdown since its inception was -50.19%, smaller than the maximum DOG drawdown of -92.73%. Use the drawdown chart below to compare losses from any high point for QQDN and DOG.
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Drawdown Indicators
| QQDN | DOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.19% | -92.73% | +42.54% |
Max Drawdown (1Y)Largest decline over 1 year | — | -15.09% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.16% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.35% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.95% | — |
Current DrawdownCurrent decline from peak | -47.00% | -92.73% | +45.73% |
Average DrawdownAverage peak-to-trough decline | -30.23% | -66.40% | +36.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 8.94% | — |
Volatility
QQDN vs. DOG - Volatility Comparison
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Volatility by Period
| QQDN | DOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.30% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.50% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 38.51% | 12.23% | +26.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.51% | 14.80% | +23.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.51% | 17.49% | +21.02% |
QQDN vs. DOG - Expense Ratio Comparison
Both QQDN and DOG have an expense ratio of 0.95%.
Dividends
QQDN vs. DOG - Dividend Comparison
QQDN's dividend yield for the trailing twelve months is around 4.93%, more than DOG's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DOG ProShares Short Dow30 | 3.55% | 3.65% | 5.72% | 4.54% | 0.41% | 0.00% | 0.14% | 1.54% | 0.86% | 0.04% |
QQDN ProShares UltraShort QQQ Mega | 4.93% | 3.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QQDN and DOG have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.95% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
QQDN and DOG have the same expense ratio: 0.95% per year.
QQDN has the higher dividend yield at 4.93%, compared with 3.55% for DOG.
QQDN tracks Nasdaq-100 Mega Index, while DOG tracks DJ Industrial Average (-100%).
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