RDY vs. DOG

Last updated Jun 13, 2026

RDY (Dr. Reddy's Laboratories Limited) is a stock, while DOG (ProShares Short Dow30) is Inverse Equities fund tracking the DJ Industrial Average (-100%). Over the past 10 years, RDY returned 4.69%/yr vs -11.31%/yr for DOG. At a correlation of -0.35, they often move in opposite directions.

Performance

RDY vs. DOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dr. Reddy's Laboratories Limited (RDY) and ProShares Short Dow30 (DOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RDY achieves a -5.27% return, which is significantly lower than DOG's -4.92% return. Over the past 10 years, RDY has outperformed DOG with an annualized return of 4.69%, while DOG has yielded a comparatively lower -11.31% annualized return.

RDY

• 1D: -0.45%
• 1M: -1.41%
• YTD: -5.27%
• 6M: -5.14%
• 1Y: -15.30%
• 3Y*: 5.74%
• 5Y*: -1.12%
• 10Y*: 4.69%

DOG

• 1D: -0.63%
• 1M: -2.03%
• YTD: -4.92%
• 6M: -3.86%
• 1Y: -14.29%
• 3Y*: -8.19%
• 5Y*: -5.62%
• 10Y*: -11.31%

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

RDY vs. DOG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RDY Dr. Reddy's Laboratories Limited	-5.27%	-10.53%	14.13%	36.47%	-19.74%	-7.33%	76.80%	8.45%	0.37%	-16.46%
DOG ProShares Short Dow30	-4.92%	-8.40%	-5.62%	-7.05%	5.67%	-19.21%	-20.45%	-18.43%	3.55%	-21.51%

Correlation

The correlation between RDY and DOG is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.23
Correlation (3Y) Calculated over the trailing 3-year period	-0.19
Correlation (5Y) Calculated over the trailing 5-year period	-0.28
Correlation (10Y) Calculated over the trailing 10-year period	-0.27
Correlation (All Time) Calculated using the full available price history since Jun 21, 2006	-0.35

The correlation between RDY and DOG shifts across timeframes, from -0.35 (all time) to -0.19 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

RDY vs. DOG — Risk / Return Rank

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

RDY

RDY Risk / Return Rank: 11
RDY Sharpe Ratio Rank: 11
RDY Sortino Ratio Rank: 13
RDY Omega Ratio Rank: 14
RDY Calmar Ratio Rank: 10
RDY Martin Ratio Rank: 6

DOG

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

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.

RDY vs. DOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dr. Reddy's Laboratories Limited (RDY) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	RDY	DOG	Difference
Sharpe ratio: Return per unit of total volatility	-0.75	-1.01	+0.27
Sortino ratio: Return per unit of downside risk	-0.93	-1.37	+0.44
Omega ratio: Gain probability vs. loss probability	0.88	0.85	+0.04
Calmar ratio: Return relative to maximum drawdown	-0.84	-0.84	0.00
Martin ratio: Return relative to average drawdown	-1.52	-1.38	-0.13

RDY vs. DOG - Sharpe Ratio Comparison

The current RDY Sharpe Ratio is -0.75, which is comparable to the DOG Sharpe Ratio of -1.01. The chart below compares the historical Sharpe Ratios of RDY and DOG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RDY vs. DOG - Drawdown Comparison

The maximum RDY drawdown since its inception was -60.62%, smaller than the maximum DOG drawdown of -92.73%. Use the drawdown chart below to compare losses from any high point for RDY and DOG.

Drawdown Indicators

	RDY	DOG	Difference
Max Drawdown Largest peak-to-trough decline	-60.62%	-92.73%	+32.11%
Max Drawdown (1Y) Largest decline over 1 year	-20.65%	-15.09%	-5.56%
Max Drawdown (3Y) Largest decline over 3 years	-26.61%	-29.16%	+2.55%
Max Drawdown (5Y) Largest decline over 5 years	-35.25%	-34.35%	-0.90%
Max Drawdown (10Y) Largest decline over 10 years	-47.13%	-70.95%	+23.82%
Current Drawdown Current decline from peak	-20.54%	-92.67%	+72.13%
Average Drawdown Average peak-to-trough decline	-21.92%	-66.41%	+44.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.31%	9.18%	+4.13%

Volatility

RDY vs. DOG - Volatility Comparison

Dr. Reddy's Laboratories Limited (RDY) has a higher volatility of 6.24% compared to ProShares Short Dow30 (DOG) at 4.36%. This indicates that RDY'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.

Volatility by Period

	RDY	DOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.24%	4.36%	+1.88%
Volatility (6M) Calculated over the trailing 6-month period	17.41%	9.87%	+7.54%
Volatility (1Y) Calculated over the trailing 1-year period	23.20%	12.56%	+10.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.26%	14.86%	+8.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.58%	17.51%	+9.07%

Dividends

RDY vs. DOG - Dividend Comparison

RDY's dividend yield for the trailing twelve months is around 0.69%, less than DOG's 3.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DOG ProShares Short Dow30	3.52%	3.65%	5.72%	4.54%	0.41%	0.00%	0.14%	1.54%	0.86%	0.04%	0.00%	0.00%
RDY Dr. Reddy's Laboratories Limited	0.69%	0.65%	0.60%	1.39%	1.48%	1.04%	0.46%	0.71%	0.00%	0.78%	0.62%	0.63%

Frequently Asked Questions

Can I hold both RDY and DOG in my portfolio?

RDY and DOG have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RDY or DOG?

RDY has higher volatility (6.24%) compared to DOG (4.36%). In terms of maximum drawdown, RDY dropped -60.62% vs DOG's -92.73%.

Which has better risk-adjusted returns?

RDY currently has the higher Sharpe Ratio (-0.75 vs -1.01), 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.