SVIX vs. DOG
SVIX (Volatility Shares -1x Short VIX Futures ETF) and DOG (ProShares Short Dow30) are both Inverse Equities funds. Over the past 3 years, SVIX returned -0.59%/yr vs -8.28%/yr for DOG. At a correlation of -0.67, they often move in opposite directions. SVIX charges 1.47%/yr vs 0.95%/yr for DOG.
Performance
SVIX vs. DOG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SVIX achieves a -8.17% return, which is significantly lower than DOG's -4.15% return.
SVIX
- 1D
- -0.09%
- 1M
- 16.92%
- YTD
- -8.17%
- 6M
- 7.59%
- 1Y
- 51.46%
- 3Y*
- -0.59%
- 5Y*
- —
- 10Y*
- —
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%
SVIX vs. DOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SVIX Volatility Shares -1x Short VIX Futures ETF | -8.17% | -4.49% | -32.76% | 157.37% | -0.88% |
DOG ProShares Short Dow30 | -4.15% | -8.40% | -5.62% | -7.05% | 3.90% |
Correlation
The correlation between SVIX and DOG is -0.69, 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 | -0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.64 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2022 | -0.67 |
The correlation between SVIX and DOG has been stable across timeframes, ranging from -0.69 to -0.64 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SVIX vs. DOG — Risk / Return Rank
SVIX
DOG
SVIX vs. DOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Volatility Shares -1x Short VIX Futures ETF (SVIX) 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.
| SVIX | DOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.00 | ||
| Sortino ratioReturn per unit of downside risk | +2.88 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.84 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | -0.87 | +2.08 |
| Martin ratioReturn relative to average drawdown | 3.50 | -1.43 | +4.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SVIX | DOG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | -1.05 | +2.00 |
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 | 0.16 | -0.57 | +0.72 |
Drawdowns
SVIX vs. DOG - Drawdown Comparison
The maximum SVIX drawdown since its inception was -79.30%, smaller than the maximum DOG drawdown of -92.69%. Use the drawdown chart below to compare losses from any high point for SVIX and DOG.
Loading charts...
Drawdown Indicators
| SVIX | DOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.30% | -92.69% | +13.39% |
Max Drawdown (1Y)Largest decline over 1 year | -42.69% | -14.63% | -28.06% |
Max Drawdown (3Y)Largest decline over 3 years | -79.30% | -28.77% | -50.53% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.99% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.79% | — |
Current DrawdownCurrent decline from peak | -56.14% | -92.61% | +36.47% |
Average DrawdownAverage peak-to-trough decline | -31.60% | -66.39% | +34.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.75% | 8.89% | +5.86% |
Volatility
SVIX vs. DOG - Volatility Comparison
Volatility Shares -1x Short VIX Futures ETF (SVIX) has a higher volatility of 7.38% compared to ProShares Short Dow30 (DOG) at 2.98%. This indicates that SVIX'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.
Loading charts...
Volatility by Period
| SVIX | DOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.38% | 2.98% | +4.40% |
Volatility (6M)Calculated over the trailing 6-month period | 41.05% | 9.37% | +31.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.75% | 12.13% | +42.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.27% | 14.79% | +51.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.27% | 17.49% | +48.78% |
SVIX vs. DOG - Expense Ratio Comparison
SVIX has a 1.47% expense ratio, which is higher than DOG's 0.95% expense ratio.
Dividends
SVIX vs. DOG - Dividend Comparison
SVIX has not paid dividends to shareholders, while DOG's dividend yield for the trailing twelve months is around 3.49%.
| 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% |
SVIX Volatility Shares -1x Short VIX Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SVIX and DOG have a correlation of -0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SVIX has higher volatility (7.38%) compared to DOG (2.98%). In terms of maximum drawdown, SVIX dropped -79.30% vs DOG's -92.69%.
On 3-year performance, SVIX leads with -0.59% vs -8.28% for DOG. On fees, DOG is cheaper at 0.95% per year. On volatility, DOG has been the lower-risk option at 2.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SVIX has performed better with a -0.59% return vs -8.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DOG is cheaper with a 0.95% expense ratio, compared with 1.47% for SVIX.
DOG has the higher dividend yield at 3.49%, compared with 0.00% for SVIX.
They also come from different issuers: Volatility Shares and ProShares. Their fees differ too: 1.47% for SVIX and 0.95% for DOG.
SVIX currently has the higher Sharpe Ratio (0.95 vs -1.05), 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.
Find the right allocation for SVIX and DOG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer