SZK vs. DOGG

Last updated Jul 14, 2026

SZK (ProShares UltraShort Consumer Goods) and DOGG (FT Vest DJIA Dogs 10 Target Income ETF) are both exchange-traded funds - SZK is a Leveraged Equities fund tracking the Dow Jones U.S. Consumer Goods Index (-200%), while DOGG is a Derivative Income fund actively managed by FT Vest. SZK is passively managed, while DOGG is actively managed. Over the past 3 years, SZK returned -6.11%/yr vs 12.95%/yr for DOGG. At a correlation of -0.58, they often move in opposite directions. SZK charges 0.95%/yr vs 0.75%/yr for DOGG.

Performance

SZK vs. DOGG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Consumer Goods (SZK) 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, SZK achieves a -16.60% return, which is significantly lower than DOGG's 9.21% return.

SZK

• 1D: -1.30%
• 1M: 1.27%
• 6M: -10.85%
• YTD: -16.60%
• 1Y: -8.66%
• 3Y*: -6.11%
• 5Y*: -4.27%
• 10Y*: -15.77%

DOGG

• 1D: 0.28%
• 1M: -0.18%
• 6M: 7.96%
• YTD: 9.21%
• 1Y: 18.09%
• 3Y*: 12.95%
• 5Y*: —
• 10Y*: —

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

SZK vs. DOGG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SZK ProShares UltraShort Consumer Goods	-16.60%	3.37%	-11.33%	15.00%
DOGG FT Vest DJIA Dogs 10 Target Income ETF	9.21%	19.43%	-2.58%	12.74%

Correlation

The correlation between SZK and DOGG is -0.67, 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	-0.67
Correlation (3Y) Calculated over the trailing 3-year period	-0.59
Correlation (All Time) Calculated using the full available price history since Apr 27, 2023	-0.58

The correlation between SZK and DOGG has been stable across timeframes, ranging from -0.67 to -0.58 - a consistent structural relationship.

Return for Risk

SZK vs. DOGG — Risk / Return Rank

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

SZK

SZK Risk / Return Rank: 6
SZK Sharpe Ratio Rank: 6
SZK Sortino Ratio Rank: 6
SZK Omega Ratio Rank: 6
SZK Calmar Ratio Rank: 7
SZK Martin Ratio Rank: 6

DOGG

DOGG Risk / Return Rank: 56
DOGG Sharpe Ratio Rank: 63
DOGG Sortino Ratio Rank: 65
DOGG Omega Ratio Rank: 59
DOGG Calmar Ratio Rank: 55
DOGG Martin Ratio Rank: 38

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.

SZK vs. DOGG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Consumer Goods (SZK) 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.

	SZK	DOGG	Difference
Sharpe ratio: Return per unit of total volatility	-0.33	1.65	-1.98
Sortino ratio: Return per unit of downside risk	-0.28	2.39	-2.67
Omega ratio: Gain probability vs. loss probability	0.97	1.29	-0.32
Calmar ratio: Return relative to maximum drawdown	-0.30	2.19	-2.49
Martin ratio: Return relative to average drawdown	-0.60	4.69	-5.30

SZK vs. DOGG - Sharpe Ratio Comparison

The current SZK Sharpe Ratio is -0.33, which is lower than the DOGG Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of SZK 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

SZK vs. DOGG - Drawdown Comparison

The maximum SZK drawdown since its inception was -99.40%, which is greater than DOGG's maximum drawdown of -11.19%. Use the drawdown chart below to compare losses from any high point for SZK and DOGG.

Drawdown Indicators

	SZK	DOGG	Difference
Max Drawdown Largest peak-to-trough decline	-99.40%	-11.19%	-88.21%
Max Drawdown (1Y) Largest decline over 1 year	-29.26%	-8.29%	-20.97%
Max Drawdown (3Y) Largest decline over 3 years	-41.81%	-11.19%	-30.62%
Max Drawdown (5Y) Largest decline over 5 years	-41.81%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-86.78%	—	—
Current Drawdown Current decline from peak	-99.30%	-4.01%	-95.29%
Average Drawdown Average peak-to-trough decline	-82.07%	-3.27%	-78.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.35%	3.86%	+10.49%

Volatility

SZK vs. DOGG - Volatility Comparison

ProShares UltraShort Consumer Goods (SZK) has a higher volatility of 10.01% compared to FT Vest DJIA Dogs 10 Target Income ETF (DOGG) at 4.16%. This indicates that SZK'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

	SZK	DOGG	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.01%	4.16%	+5.85%
Volatility (6M) Calculated over the trailing 6-month period	21.77%	8.74%	+13.03%
Volatility (1Y) Calculated over the trailing 1-year period	26.78%	11.02%	+15.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.73%	12.99%	+18.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.64%	12.99%	+20.65%

SZK vs. DOGG - Expense Ratio Comparison

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

Dividends

SZK vs. DOGG - Dividend Comparison

SZK's dividend yield for the trailing twelve months is around 2.75%, less than DOGG's 8.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DOGG FT Vest DJIA Dogs 10 Target Income ETF	8.66%	8.75%	9.92%	5.89%	0.00%	0.00%	0.00%	0.00%	0.00%
SZK ProShares UltraShort Consumer Goods	2.75%	2.90%	5.70%	4.03%	0.56%	0.00%	0.19%	1.70%	0.50%

Frequently Asked Questions

Can I hold both SZK and DOGG in my portfolio?

SZK and DOGG have a correlation of -0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SZK or DOGG?

SZK has higher volatility (10.01%) compared to DOGG (4.16%). In terms of maximum drawdown, SZK dropped -99.40% vs DOGG's -11.19%.

Which ETF is better, SZK or DOGG?

On 3-year performance, DOGG leads with 12.95% vs -6.11% for SZK. On fees, DOGG is cheaper at 0.75% per year. On volatility, DOGG has been the lower-risk option at 4.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SZK or DOGG?

Over the 3-year period, DOGG has performed better with a 12.95% return vs -6.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SZK or DOGG?

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

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

DOGG has the higher dividend yield at 8.66%, compared with 2.75% for SZK.

What is the main difference between SZK and DOGG?

SZK 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 SZK and 0.75% for DOGG.

Which has better risk-adjusted returns?

DOGG currently has the higher Sharpe Ratio (1.65 vs -0.33), 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.