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DOG vs EFU

ProShares Short Dow30

DOGBNYSE Arca

ProShares UltraShort MSCI EAFE

EFUCNYSE Arca

Overlap

5.9%by weight

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

DOG0.95%EFU0.95%

Avg volume · 30D

DOG 625.6×the volume

DOG4.77MEFU7.62K

10Y return · a year

DOG +8.2pt

DOG−10.9%EFU−19.1%

DOG vs EFU Performance

Oct 29, 2021 – Oct 30, 2026

−20.7%DOG−55.2%EFU

Oct 29, 2021 to Oct 30, 2026. DOG −20.7%. EFU −55.2%. Use the arrow keys to read each point.0%25%50%75%Oct 2021Apr 2024Oct 2026
Expense ratio
DOG 0.95%
EFU 0.95%
Fund size
DOG $115M
EFU $1M
1Y total return
DOG −4.9%, better
EFU −21.1%
Yield (12M)
DOG 3.15%
EFU 4.12%, better
Holdings
DOG 3
EFU 1
Avg volume (30D)
DOG 4.77M sh, better
EFU 7.62K sh
NAV per share
DOG $22.02
EFU $7.38
52W range

ETF.net Grade

DOG: Cost 50, Risk 65, Mission 97, Tradability 94, Holdings 43, Durability 69. EFU: Cost 50, Risk 42, Mission not scored, Tradability 22, Holdings not scored, Durability 36.
Pillar letters and Scores for DOG, EFU, with each pillar’s weight
PillarDOGEFU
Cost30% weightC50C50
Mission25% weightA97Not scored
Risk15% weightB65HigherC42
Tradability15% weightA94HigherF22
Holdings10% weightC43Not scored
Durability5% weightB69HigherD36

Rank among Leveraged Inverse (2x & Other) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. DOG and EFU 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 EFU 32nd of 53 funds in the Leveraged Inverse (2x & Other) Category.

  1. Rank 1BDOGProShares Short Dow30Score 65
  2. Rank 1BSVXYProShares Short VIX Short-Term Futures ETFScore 65
  3. Rank 32CEEVProShares UltraShort MSCI Emerging MarketsScore 40
  4. Rank 32CEFUProShares UltraShort MSCI EAFEScore 40
  5. Rank 32CEMTYProShares Decline of the Retail Store ETFScore 40

Our read on each fund

ETF.net Research

DOGBProShares Short Dow30

EFUCProShares UltraShort MSCI EAFE

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.

EFU Nearly every inverse ETF shorts America. EFU goes the other way: -2x the daily move of the MSCI EAFE index, the developed markets of Europe, Australasia and the Far East. A 2007-vintage tool with a one-day job.

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.

EFU EFU seeks daily investment results, before fees and expenses, corresponding to -2x the daily performance of the MSCI EAFE 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.
  • EFU A rare short on the world outside America: -2x the daily move of MSCI EAFE, which spans large and mid caps across 21 developed countries, excluding the US and Canada.proshares.commsci.com
  • Fee is 0.95% net of a waiver through September 30, 2027, near the category median for leveraged and inverse funds. Not a bargain, not a premium.
  • Listed in 2007, so the fund has operated across multiple full market cycles, a long run for a daily-reset product.
  • The same index comes at half the speed in EFZ, a -1x fund at 0.95% net of a waiver through September 30, 2027, so the exposure can be dialed down.

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
  • EFU The -2x target resets every day. Hold longer and compounding takes over, so multi-day results can differ widely from -2x the index move over that stretch.proshares.com
  • That 0.95% is net: the gross ratio is 8.34%, and the waiver runs through September 30, 2027. Worth watching what the fund files after that.
  • Small and thinly traded. Limit orders and modest size matter more here than in the headline inverse funds.

Full DOG profile⁠

Full EFU profile⁠

DOG vs EFU Holdings

How DOG and EFU differ

Overlap by weight

5.9%

Shared holdings make up 100% of EFU and 5.9% of DOG.

Level by level

  • Holdings0 in both5.9%
  • Asset classEquity100%

Sector

No Sector split for EFU.

Country, concentration and asset class

Country by domicile

No country split for EFU.

Concentration

Weight in the 10 largest Holdings

  • DOG100.0%
  • EFU100.0%

Securities held

  • DOG2
  • EFU0

Asset class

DOG
Equity
EFU
Equity

Holdings

  • Only in DOG2
  • In both0
  • Only in EFU0

Only in DOG

2 securities, 94.1% of DOG by weight

  • Proshares Genius Mny Mkt Etf89.61%
  • TREASURY BILL, 0%, due 2026-12-174.45%

Only in EFU

0 securities, 0.0% of EFU by weight

Weight gaps

DOG and EFU share no securities.

All 12 DOG holdings⁠All 6 EFU 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 EFU 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

  • EFU 0.95%

    $17,869

$10,000
30 years

Cost over time

  • DOG 0.95%
  • EFU 0.95%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530DOG $17,869EFU $17,869

Year by year

YearDOGEFU
10$1,678$1,678
20$6,322$6,322
30$17,869$17,869

Expense ratio

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

DOG 6th cheapest of 53 funds

EFU 6th cheapest of 53 funds

DOG vs EFU Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DOG 3.15%
EFU 4.12%, better
Payout (12M)
DOG $0.69
EFU $0.30
Last payment
DOG $0.17
EFU $0.08
Ex-dividend
DOG Sep 23, 2026
EFU Sep 23, 2026
Paid on
DOG Sep 29, 2026
EFU Sep 29, 2026
Frequency
DOG Quarterly
EFU Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DOGQuarterly · 26 paymentsAll DOG payments⁠
One bar per payment. 26 payments from 2017 to 2026 YTD. Dec 26, 2017 $0.02; Mar 21, 2018 $0.06; Jun 20, 2018 $0.12; Sep 26, 2018 $0.16; Dec 26, 2018 $0.19; Mar 20, 2019 $0.17; Jun 25, 2019 $0.25; Sep 25, 2019 $0.20; Dec 24, 2019 $0.14; Mar 25, 2020 $0.06; Dec 22, 2022 $0.14; Mar 22, 2023 $0.20; Jun 21, 2023 $0.35; Sep 20, 2023 $0.39; Dec 20, 2023 $0.41; Mar 20, 2024 $0.32; Jun 26, 2024 $0.40; Sep 25, 2024 $0.36; Dec 23, 2024 $0.43; Mar 26, 2025 $0.18; Jun 25, 2025 $0.21; Sep 24, 2025 $0.21; Dec 24, 2025 $0.26; Mar 25, 2026 $0.10; Jun 24, 2026 $0.16; Sep 23, 2026 $0.17. Use the arrow keys to read each point.$0$0.502017202020232026YTD
EFUQuarterly · 24 paymentsAll EFU payments⁠
One bar per payment. 24 payments from 2017 to 2026 YTD. Sep 26, 2018 $0.02; Dec 26, 2018 $0.08; Mar 20, 2019 $0.08; Jun 25, 2019 $0.13; Sep 25, 2019 $0.12; Dec 24, 2019 $0.05; Mar 25, 2020 $0.00092; Sep 21, 2022 $0.33; Dec 22, 2022 $0.02; Mar 22, 2023 $0.33; Jun 21, 2023 $0.16; Sep 20, 2023 $0.35; Dec 20, 2023 $0.25; Mar 20, 2024 $0.12; Jun 26, 2024 $0.11; Sep 25, 2024 $0.16; Dec 23, 2024 $0.24; Mar 26, 2025 $0.13; Jun 25, 2025 $0.12; Sep 24, 2025 $0.14; Dec 24, 2025 $0.11; Mar 25, 2026 $0.03; Jun 24, 2026 $0.08; Sep 23, 2026 $0.08. Use the arrow keys to read each point.$0$0.502017202020232026YTD

DOG vs EFU Risk

Fall from peak · 5 years

  • DOG
  • EFU
Oct 29, 2021 to Oct 30, 2026. Worst fall: EFU −77.4% · Aug 2026. Use the arrow keys to read each point.−80%−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
DOG 11.7%, betterEFU 23.3%
Return per unit of riskSharpe ratio, 3 years
DOG −1.21, betterEFU −1.45
Worst fallMax drawdown, 5 years
DOG −37.3%, betterEFU −77.4%
Market sensitivityBeta, 5 years
DOG −0.83EFU −1.23

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