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DOG vs EPV

ProShares Short Dow30

DOGBNYSE Arca

ProShares UltraShort FTSE Europe

EPVCNYSE Arca

Overlap

Expense ratio

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

DOG0.95%EPV0.95%

Avg volume · 30D

DOG 298.9×the volume

DOG4.77MEPV16K

10Y return · a year

DOG +11.5pt

DOG−11.0%EPV−22.5%

DOG vs EPV Performance

Nov 2, 2021 – Nov 2, 2026

−20.6%DOG−61.4%EPV

Nov 2, 2021 to Nov 2, 2026. DOG −20.6%. EPV −61.4%. Use the arrow keys to read each point.0%25%50%75%Nov 2021May 2024Nov 2026
Expense ratio
DOG 0.95%
EPV 0.95%
Fund size
DOG $115M
EPV $11M
1Y total return
DOG −5.3%, better
EPV −21.4%
Yield (12M)
DOG 3.16%
EPV 4.45%, better
Holdings
DOG 3
EPV 2
Avg volume (30D)
DOG 4.77M sh, better
EPV 16K sh
NAV per share
DOG $22.02
EPV $18.58
52W range

ETF.net Grade

DOG: Cost 50, Risk 66, Mission 97, Tradability 94, Holdings 43, Durability 69. EPV: Cost 50, Risk 40, Mission not scored, Tradability 36, Holdings 55, Durability 54.
Pillar letters and Scores for DOG, EPV, with each pillar’s weight
PillarDOGEPV
Cost30% weightC50C50
Mission25% weightA97Not scored
Risk15% weightB66HigherC40
Tradability15% weightA94HigherD36
Holdings10% weightC43B55Higher
Durability5% weightB69HigherC54

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 EPV 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 EPV 27th of 53 funds in the Leveraged Inverse (2x & Other) Category.

  1. Rank 1BDOGProShares Short Dow30Score 65
  2. Rank 1BPSQProShares Short QQQScore 65
  3. Rank 26CBTCZT-Rex 2X Inverse Bitcoin Daily Target ETFScore 46
  4. Rank 27CEPVProShares UltraShort FTSE EuropeScore 44
  5. Rank 27CSSGProShares UltraShort SemiconductorsScore 44

Our read on each fund

ETF.net Research

DOGBProShares Short Dow30

EPVCProShares UltraShort FTSE Europe

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.

EPV The only US ETF built to target -2x the daily move of developed Europe stocks. Pan-European short exposure from a single ticker, no margin account or borrowed shares, running since 2009.

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.

EPV EPV seeks daily investment results, before fees and expenses, equal to two times the inverse of the daily performance of the FTSE Developed Europe All Cap 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.
  • EPV ProShares bills it as the only -2x ETF designed to profit when the FTSE Developed Europe All Cap Index falls on the day. Continent-wide short exposure, one ticker, no margin account.proshares.com
  • 0.95% net of a waiver through September 30, 2027 (1.47% gross), near the category median and matching stablemates DOG and PSQ at 0.95% net, also waived to that date.
  • Listed in 2009, long-lived for a tactical product, and it sits in the upper half of its leveraged-bear peer group on our review.
  • The benchmark is all-cap developed Europe, so the short is on the broad market rather than a handful of mega-cap names.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
  • EPV The -2x target is for a single day. The portfolio rebalances daily, and over longer holds compounding can push returns well away from twice the index move, in either direction.proshares.com
  • Europe closes before the US does. Because the index is not struck at the US close, ProShares measures the fund's daily correlation against US-listed European equity ETFs instead.proshares.com
  • A small, thinly traded fund, so the bid-ask spread can be a meaningful part of the cost of a round trip. Distributions come quarterly.

Full DOG profile⁠

Full EPV profile⁠

DOG vs EPV 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 EPV 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

  • EPV 0.95%

    $17,869

$10,000
30 years

Cost over time

  • DOG 0.95%
  • EPV 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 $17,869EPV $17,869

Year by year

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

Expense ratio

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

DOG 6th cheapest of 53 funds

EPV 6th cheapest of 53 funds

DOG vs EPV Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
DOG 3.16%
EPV 4.45%, better
Payout (12M)
DOG $0.69
EPV $0.82
Last payment
DOG $0.17
EPV $0.23
Ex-dividend
DOG Sep 23, 2026
EPV Sep 23, 2026
Paid on
DOG Sep 29, 2026
EPV Sep 29, 2026
Frequency
DOG Quarterly
EPV 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
EPVQuarterly · 23 paymentsAll EPV payments⁠
One bar per payment. 23 payments from 2017 to 2026 YTD. Dec 26, 2018 $0.39; Mar 20, 2019 $0.32; Jun 25, 2019 $0.46; Sep 25, 2019 $0.35; Dec 24, 2019 $0.29; Mar 25, 2020 $0.0031; Dec 23, 2021 $0.0031; Dec 22, 2022 $0.21; Mar 22, 2023 $0.21; Jun 21, 2023 $0.31; Sep 20, 2023 $0.34; Dec 20, 2023 $0.50; Mar 20, 2024 $0.35; Jun 26, 2024 $0.52; Sep 25, 2024 $0.68; Dec 23, 2024 $0.46; Mar 26, 2025 $0.22; Jun 25, 2025 $0.24; Sep 24, 2025 $0.27; Dec 24, 2025 $0.31; Mar 25, 2026 $0.09; Jun 24, 2026 $0.18; Sep 23, 2026 $0.23. Use the arrow keys to read each point.$0$0.502017202020232026YTD

DOG vs EPV Risk

Fall from peak · 5 years

  • DOG
  • EPV
Nov 2, 2021 to Nov 2, 2026. Worst fall: EPV −81.2% · Aug 2026. Use the arrow keys to read each point.−80%−60%−40%−20%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
DOG 11.7%, betterEPV 25.4%
Return per unit of riskSharpe ratio, 3 years
DOG −1.21, betterEPV −1.34
Worst fallMax drawdown, 5 years
DOG −37.3%, betterEPV −81.2%
Market sensitivityBeta, 5 years
DOG −0.83EPV −1.25

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