SKYU vs. DOGG

Last updated Jul 12, 2026

SKYU (ProShares Ultra Nasdaq Cloud Computing ETF) and DOGG (FT Vest DJIA Dogs 10 Target Income ETF) are both exchange-traded funds - SKYU is a Leveraged Equities fund tracking the ISE Cloud Computing Index (200%), while DOGG is a Derivative Income fund actively managed by FT Vest. SKYU is passively managed, while DOGG is actively managed. Over the past 3 years, SKYU returned 30.49%/yr vs 12.45%/yr for DOGG. At a 0.15 correlation, their price movements are largely independent. SKYU charges 0.95%/yr vs 0.75%/yr for DOGG.

Performance

SKYU vs. DOGG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) and FT Vest DJIA Dogs 10 Target Income ETF (DOGG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SKYU achieves a 6.02% return, which is significantly lower than DOGG's 8.91% return.

SKYU

• 1D: -2.96%
• 1M: 7.94%
• 6M: 8.01%
• YTD: 6.02%
• 1Y: 20.78%
• 3Y*: 30.49%
• 5Y*: -3.39%
• 10Y*: —

DOGG

• 1D: 0.51%
• 1M: -0.46%
• 6M: 8.28%
• YTD: 8.91%
• 1Y: 17.76%
• 3Y*: 12.45%
• 5Y*: —
• 10Y*: —

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

SKYU vs. DOGG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SKYU ProShares Ultra Nasdaq Cloud Computing ETF	6.02%	2.76%	65.79%	81.78%
DOGG FT Vest DJIA Dogs 10 Target Income ETF	8.91%	19.43%	-2.58%	12.74%

Correlation

The correlation between SKYU and DOGG is -0.12, 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	-0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (All Time) Calculated using the full available price history since Apr 27, 2023	0.15

The correlation between SKYU and DOGG shifts across timeframes, from -0.12 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SKYU vs. DOGG — Risk / Return Rank

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

SKYU

SKYU Risk / Return Rank: 16
SKYU Sharpe Ratio Rank: 15
SKYU Sortino Ratio Rank: 18
SKYU Omega Ratio Rank: 18
SKYU Calmar Ratio Rank: 14
SKYU Martin Ratio Rank: 13

DOGG

DOGG Risk / Return Rank: 52
DOGG Sharpe Ratio Rank: 58
DOGG Sortino Ratio Rank: 61
DOGG Omega Ratio Rank: 55
DOGG Calmar Ratio Rank: 52
DOGG Martin Ratio Rank: 36

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.

SKYU vs. DOGG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) and FT Vest DJIA Dogs 10 Target Income ETF (DOGG). 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.

	SKYU	DOGG	Difference
Sharpe ratio: Return per unit of total volatility	0.30	1.57	-1.27
Sortino ratio: Return per unit of downside risk	0.82	2.28	-1.46
Omega ratio: Gain probability vs. loss probability	1.10	1.27	-0.17
Calmar ratio: Return relative to maximum drawdown	0.34	2.08	-1.74
Martin ratio: Return relative to average drawdown	0.68	4.48	-3.80

SKYU vs. DOGG - Sharpe Ratio Comparison

The current SKYU Sharpe Ratio is 0.30, which is lower than the DOGG Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of SKYU and DOGG, 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

SKYU vs. DOGG - Drawdown Comparison

The maximum SKYU drawdown since its inception was -83.01%, which is greater than DOGG's maximum drawdown of -11.19%. Use the drawdown chart below to compare losses from any high point for SKYU and DOGG.

Drawdown Indicators

	SKYU	DOGG	Difference
Max Drawdown Largest peak-to-trough decline	-83.01%	-11.19%	-71.82%
Max Drawdown (1Y) Largest decline over 1 year	-50.23%	-8.29%	-41.94%
Max Drawdown (3Y) Largest decline over 3 years	-55.71%	-11.19%	-44.52%
Max Drawdown (5Y) Largest decline over 5 years	-83.01%	—	—
Current Drawdown Current decline from peak	-31.73%	-4.27%	-27.46%
Average Drawdown Average peak-to-trough decline	-48.89%	-3.27%	-45.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.15%	3.86%	+21.29%

Volatility

SKYU vs. DOGG - Volatility Comparison

ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) has a higher volatility of 14.34% compared to FT Vest DJIA Dogs 10 Target Income ETF (DOGG) at 4.17%. This indicates that SKYU's price experiences larger fluctuations and is considered to be riskier than DOGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SKYU	DOGG	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.34%	4.17%	+10.17%
Volatility (6M) Calculated over the trailing 6-month period	49.04%	8.77%	+40.27%
Volatility (1Y) Calculated over the trailing 1-year period	57.99%	11.01%	+46.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.28%	12.99%	+49.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.06%	12.99%	+48.07%

SKYU vs. DOGG - Expense Ratio Comparison

SKYU has a 0.95% expense ratio, which is higher than DOGG's 0.75% expense ratio.

Dividends

SKYU vs. DOGG - Dividend Comparison

SKYU's dividend yield for the trailing twelve months is around 0.77%, less than DOGG's 8.69% yield.

Position	TTM	2025	2024	2023
DOGG FT Vest DJIA Dogs 10 Target Income ETF	8.69%	8.75%	9.92%	5.89%
SKYU ProShares Ultra Nasdaq Cloud Computing ETF	0.77%	0.56%	0.21%	0.00%

Frequently Asked Questions

Can I hold both SKYU and DOGG in my portfolio?

SKYU and DOGG have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SKYU or DOGG?

SKYU has higher volatility (14.34%) compared to DOGG (4.17%). In terms of maximum drawdown, SKYU dropped -83.01% vs DOGG's -11.19%.

Which ETF is better, SKYU or DOGG?

On 3-year performance, SKYU leads with 30.49% vs 12.45% for DOGG. On fees, DOGG is cheaper at 0.75% per year. On volatility, DOGG has been the lower-risk option at 4.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SKYU or DOGG?

Over the 3-year period, SKYU has performed better with a 30.49% return vs 12.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SKYU or DOGG?

DOGG is cheaper with a 0.75% expense ratio, compared with 0.95% for SKYU.

Which ETF pays a higher dividend yield, SKYU or DOGG?

DOGG has the higher dividend yield at 8.69%, compared with 0.77% for SKYU.

What is the main difference between SKYU and DOGG?

SKYU is categorized as Leveraged Equities, while DOGG is Derivative Income. They also come from different issuers: ProShares and FT Vest. Their fees differ too: 0.95% for SKYU and 0.75% for DOGG.

Which has better risk-adjusted returns?

DOGG currently has the higher Sharpe Ratio (1.57 vs 0.30), 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.