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DOG vs EUO

ProShares Short Dow30

DOGBNYSE Arca

ProShares UltraShort Euro

EUOBNYSE Arca

Overlap

Expense ratio

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

DOG0.95%EUO0.95%

Avg volume · 30D

DOG 213.5×the volume

DOG4.77MEUO22.3K

10Y return · a year

EUO +13.9pt

DOG−11.0%EUO+2.9%

DOG vs EUO Performance

Nov 2, 2021 – Nov 2, 2026

−20.6%DOG+30.4%EUO

Nov 2, 2021 to Nov 2, 2026. DOG −20.6%. EUO +30.4%. Use the arrow keys to read each point.−10%0%10%20%40%Nov 2021May 2024Nov 2026
Expense ratio
DOG 0.95%
EUO 0.95%
Fund size
DOG $115M
EUO $45M
1Y total return
DOG −5.3%
EUO +11.0%, better
Yield (12M)
DOG 3.16%
EUO No data
Holdings
DOG 3
EUO 1
Avg volume (30D)
DOG 4.77M sh, better
EUO 22.3K sh
NAV per share
DOG $22.02
EUO $32.47
52W range

ETF.net Grade

DOG: Cost 50, Risk 66, Mission 97, Tradability 94, Holdings 43, Durability 69. EUO: Cost 50, Risk 94, Mission not scored, Tradability 49, Holdings not scored, Durability 67.
Pillar letters and Scores for DOG, EUO, with each pillar’s weight
PillarDOGEUO
Cost30% weightC50C50
Mission25% weightA97Not scored
Risk15% weightB66A94Higher
Tradability15% weightA94HigherC49
Holdings10% weightC43Not scored
Durability5% weightB69HigherB67

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 EUO 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 EUO 7th of 53 funds in the Leveraged Inverse (2x & Other) Category.

  1. Rank 1BDOGProShares Short Dow30Score 65
  2. Rank 1BPSQProShares Short QQQScore 65
  3. Rank 5BYCSProShares UltraShort YenScore 62
  4. Rank 7BEUOProShares UltraShort EuroScore 61
  5. Rank 8BREKProShares Short Real EstateScore 60

Our read on each fund

ETF.net Research

DOGBProShares Short Dow30

EUOBProShares UltraShort Euro

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.

EUO A single-purpose dollar-versus-euro tool: EUO aims to deliver twice the inverse of the euro's daily move against the dollar. Live since 2008, and priced under the typical leveraged or inverse fund.

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.

EUO EUO seeks daily results, before fees and expenses, intended to deliver twice the inverse of the euro's daily price performance against the U.S. dollar.

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.
  • EUO Aims for twice the inverse of the euro's daily move against the dollar, turning an FX view into an ordinary brokerage trade.proshares.com
  • 0.95% expense ratio, below the median for leveraged and inverse funds.
  • Running since 2008 on the same daily double-inverse euro mandate.
  • One of the stronger builds in its leveraged and inverse peer group, alongside ProShares' yen counterpart YCS.

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
  • EUO The 2x resets daily. Hold longer and compounding takes over, so results over a stretch can diverge from twice the euro's move for that stretch.
  • A small, thinly traded fund, so spreads can widen. Limit orders matter more here than on a headline ETF.
  • Structured as a commodity pool rather than a standard stock fund, and it isn't built as an income payer.

Full DOG profile⁠

Full EUO profile⁠

DOG vs EUO 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 EUO 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

  • EUO 0.95%

    $17,869

$10,000
30 years

Cost over time

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

Year by year

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

Expense ratio

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

DOG 6th cheapest of 53 funds

EUO 6th cheapest of 53 funds

DOG vs EUO Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
DOG 3.16%
EUO No data
Payout (12M)
DOG $0.69
EUO None
Last payment
DOG $0.17
EUO No data
Ex-dividend
DOG Sep 23, 2026
EUO No data
Paid on
DOG Sep 29, 2026
EUO No data
Frequency
DOG Quarterly
EUO No data

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
EUOAll EUO payments⁠

No distribution history available.

DOG vs EUO Risk

Fall from peak · 5 years

  • DOG
  • EUO
Nov 2, 2021 to Nov 2, 2026. Worst fall: DOG −37.3% · Aug 2026. Use the arrow keys to read each point.−40%−30%−20%−10%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
DOG 11.7%, betterEUO 13.9%
Return per unit of riskSharpe ratio, 3 years
DOG −1.21EUO −0.17, better
Worst fallMax drawdown, 5 years
DOG −37.3%EUO −25.3%, better
Market sensitivityBeta, 5 years
DOG −0.83EUO −0.35

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