DOG vs EEV: Grades, Fees and Holdings Compared

ProShares Short Dow30

DOGBNYSE Arca

ProShares UltraShort MSCI Emerging Markets

EEVCNYSE Arca

Overlap

68.7%by weight

Expense ratio

DOG0.95%EEV0.95%

Avg volume · 30D

DOG 157.6×the volume

DOG4.77MEEV30.3K

10Y return · a year

DOG +10.4pt

DOG−11.0%EEV−21.4%

DOG vs EEV Performance

Nov 2, 2021 – Nov 2, 2026

−20.6%DOG−57.0%EEV

Expense ratio: DOG 0.95%; EEV 0.95%
Fund size: DOG $115M; EEV $3M
1Y total return: DOG −5.3%, better; EEV −29.5%
Yield (12M): DOG 3.16%; EEV 6.29%, better
Holdings: DOG 3; EEV 2
Avg volume (30D): DOG 4.77M sh, better; EEV 30.3K sh
NAV per share: DOG $22.02; EEV $12.64
52W range

ETF.net Grade

Pillar letters and Scores for DOG, EEV, with each pillar’s weight
Pillar	DOG	EEV
Cost30% weight	C50	C50
Mission25% weight	A97	Not scored
Risk15% weight	B66Higher	D35
Tradability15% weight	A94Higher	C49
Holdings10% weight	C43	B55Higher
Durability5% weight	B69Higher	C41

Rank among Leveraged Inverse (2x & Other) funds

How we build Categories ›

Same Category. DOG and EEV are both graded against the same 53 Leveraged Inverse (2x & Other) funds, so their Grades compare head to head.

Leveraged Inverse (2x & Other)⁠

Category · 53 funds

See all 53 ›

DOG ranks 1st and EEV 32nd of 53 funds in the Leveraged Inverse (2x & Other) Category.

Rank 1BDOGProShares Short Dow30Score 65
Rank 1BPSQProShares Short QQQScore 65
Rank 32CBZQProShares UltraShort MSCI Brazil CappedScore 40
Rank 32CEEVProShares UltraShort MSCI Emerging MarketsScore 40
Rank 32CEFUProShares UltraShort MSCI EAFEScore 40

Our read on each fund

ETF.net Research

DOGBProShares Short Dow30

EEVCProShares UltraShort MSCI Emerging Markets

In short

DOG The plain-vanilla short on the Dow: DOG aims to deliver the inverse of the index's move each day, with no 2x or 3x bolted on. Running since 2006, and ProShares bills it as the only -1x ETF built on the Dow.

EEV The only -2x play on the MSCI Emerging Markets Index in a single ticker, running since 2007. The target resets every day, which makes it a short-horizon instrument rather than a set-and-forget short.

Stated mandate

DOG DOG seeks daily investment results, before fees and expenses, that correspond to the inverse of the Dow Jones Industrial Average's daily performance.

EEV The fund seeks before-fee and expense results equal to negative two times the daily performance of the MSCI Emerging Markets Index.

Why people hold it

DOG 0.95% net of a waiver through September 30, 2027 (1.00% gross), which sits near the typical fee among leveraged and inverse funds.
Sticks close to its daily inverse target, one of the tighter implementations in its peer group.proshares.com
Actively traded for an inverse fund, so getting in and back out is rarely the hard part.
Live since 2006, so the mechanism has run through the financial crisis, 2020 and every tape since.

EEV ProShares runs this as the only -2x ETF tied to the MSCI Emerging Markets Index, so one ticker delivers exposure that would otherwise take swaps or a margin short.proshares.com
0.95% net of a waiver through September 30, 2027 sits near the category median and level with ProShares siblings PSQ and DOG (also 0.95% net of waivers through that date).
Listed in 2007, a long-tenured piece of the ProShares inverse lineup rather than a recent launch chasing a theme.proshares.com
Want half the kick? Sibling EUM tracks the same index at -1x, also 0.95% net of a waiver through September 30, 2027.proshares.com

Worth knowing

DOG The target resets every day. Hold longer than a day and the result depends on the path the Dow takes, not just its direction.proshares.com
If the waiver lapses after September 30, 2027, the fee steps up toward the 1.00% gross figure.
The Dow is 30 price-weighted names, so this is a short on a narrow, old-school slice of the market rather than the broad tape.proshares.com

EEV The -2x target applies to one day at a time. Over longer stretches, daily compounding takes over and results can differ substantially from -2x the index move.sec.gov
That 0.95% rests on a waiver running through September 30, 2027. The gross expense ratio behind it is 2.75%.
Thinly traded with a small asset base, so spreads can widen. Limit orders and position sizing matter more here than in the headline inverse funds.

Full DOG profile⁠

Full EEV profile⁠

DOG vs EEV Holdings

How DOG and EEV differ

Overlap by weight

68.7%

Shared holdings make up 100% of EEV and 95.5% of DOG.

Level by level

Holdings1 in both68.7%
Asset classEquity100%
Countryby domicile100%
Sector1 Sector100%

Sector

Sector weights in DOG and EEV, widest gap first
Sector	More in DOGMore in EEV	DOG	EEV
Financials	Same weight	100.0%	100.0%

Country, concentration and asset class

Country by domicile

Country weights in DOG and EEV, widest gap first
Country	More in DOGMore in EEV	DOG	EEV
United States	Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

DOG100.0%
EEV100.0%

Securities held

DOG2
EEV1

Asset class

DOG: Equity
EEV: Equity

Holdings

Only in DOG1
In both1
Only in EEV0

Only in DOG

1 security, 4.5% of DOG by weight

TREASURY BILL, 0%, due 2026-12-174.45%

Only in EEV

0 securities, 0.0% of EEV by weight

Weight gaps

All 1 Holdings in both funds, largest gap first.

Holding weights in DOG and EEV, widest gap first
Holding	More in DOGMore in EEV	DOG	EEV
Proshares Genius Mny Mkt EtfIQMM	DOG +26.80 points	89.61%	62.81%

All 12 DOG holdings⁠All 6 EEV holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DOG vs EEV Cost

Same expense ratio

$17,869

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

DOG 0.95%
$17,869
EEV 0.95%
$17,869

Amount$10,000

Years30 years

Cost over time

DOG 0.95%
EEV 0.95%

Year by year

Year	DOG	EEV
10	$1,678	$1,678
20	$6,322	$6,322
30	$17,869	$17,869

Expense ratio

0.95%DOG
0.95%EEV

DOG0.95%EEV0.95%

0.50%1.47%

Middle half of Leveraged Inverse (2x & Other) funds
Median 0.95%

DOG 6th cheapest of 53 funds

EEV 6th cheapest of 53 funds

DOG vs EEV Dividends

Last 12 months to Nov 2, 2026

Yield (12M): DOG 3.16%; EEV 6.29%, better
Payout (12M): DOG $0.69; EEV $0.79
Last payment: DOG $0.17; EEV $0.19
Ex-dividend: DOG Sep 23, 2026; EEV Sep 23, 2026
Paid on: DOG Sep 29, 2026; EEV Sep 29, 2026
Frequency: DOG Quarterly; EEV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DOGQuarterly · 26 paymentsAll DOG payments⁠

EEVQuarterly · 10 paymentsAll EEV payments⁠

DOG vs EEV Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: DOG 11.7%, betterEEV 31.0%
Return per unit of riskSharpe ratio, 3 years: DOG −1.21, betterEEV −1.31
Worst fallMax drawdown, 5 years: DOG −37.3%, betterEEV −82.0%
Market sensitivityBeta, 5 years: DOG −0.83EEV −1.43; Market = 1

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