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DOG vs QQDN

ProShares Short Dow30

DOGBNYSE Arca

ProShares UltraShort QQQ Mega

QQDNCNasdaq

Overlap

Expense ratio

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

DOG0.95%QQDN0.95%

Avg volume · 30D

DOG 2574.1×the volume

DOG4.77MQQDN1.85K

DOG vs QQDN Performance

Oct 31, 2025 – Nov 2, 2026

−5.3%DOG−4.1%QQDN

Oct 31, 2025 to Nov 2, 2026. DOG −5.3%. QQDN −4.1%. Use the arrow keys to read each point.−20%10%20%30%40%Oct 2025May 2026Nov 2026
Expense ratio
DOG 0.95%
QQDN 0.95%
Fund size
DOG $115M
QQDN $1M
1Y total return
DOG −5.3%
QQDN −4.1%, better
Yield (12M)
DOG 3.16%
QQDN 5.29%, better
Holdings
DOG 3
QQDN 1
Avg volume (30D)
DOG 4.77M sh, better
QQDN 1.85K sh
NAV per share
DOG $22.02
QQDN $21.83
52W range

ETF.net Grade

DOG: Cost 50, Risk 66, Mission 97, Tradability 94, Holdings 43, Durability 69. QQDN: Cost 50, Risk 49, Mission not scored, Tradability 27, Holdings not scored, Durability 22.
Pillar letters and Scores for DOG, QQDN, with each pillar’s weight
PillarDOGQQDN
Cost30% weightC50C50
Mission25% weightA97Not scored
Risk15% weightB66HigherC49
Tradability15% weightA94HigherD27
Holdings10% weightC43Not scored
Durability5% weightB69HigherF22

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 QQDN 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 QQDN 32nd of 53 funds in the Leveraged Inverse (2x & Other) Category.

  1. Rank 1BDOGProShares Short Dow30Score 65
  2. Rank 1BPSQProShares Short QQQScore 65
  3. Rank 32CMZZProShares UltraShort MidCap400Score 40
  4. Rank 32CQQDNProShares UltraShort QQQ MegaScore 40
  5. Rank 32CREWProShares UltraShort TechnologyScore 40

Our read on each fund

ETF.net Research

DOGBProShares Short Dow30

QQDNCProShares UltraShort QQQ Mega

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.

QQDN The only ETF aiming at -2x the daily move of the Nasdaq-100 Mega Index, the top slice of the Nasdaq-100 by weight. A short on today's mega-cap leaders, not a fixed Mag 7 list. 0.95% net of a waiver through September 30, 2027.

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.

QQDN QQDN seeks daily results equal to two times the inverse of the Nasdaq-100 Mega Index's daily performance, before fees and expenses.

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.
  • QQDN Targets -2x the daily move of an index built from the top 45% cumulative weight of the Nasdaq-100, so the bearish bet rides on the handful of names driving the index.nasdaq.com
  • Membership is dynamic: the index rebuilds around whichever Nasdaq-100 giants carry the weight, rather than locking in a fixed Mag 7 or FAANG roster.nasdaq.comproshares.com
  • 0.95% net of a waiver through September 30, 2027, near the category median and level with ProShares' long-running shorts PSQ and DOG (also 0.95% net, waivers to the same date).
  • Swaps do the work, so short exposure arrives in a regular brokerage account: no margin agreement, no borrowing shares, no buy-in risk.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
  • QQDN The -2x target applies to a single day. Hold longer and results depend on the path the index takes; choppy markets can pull returns well away from -2x the period move.proshares.com
  • The 0.95% is net of a waiver through September 30, 2027. Gross expenses run 3.06%, so the headline fee depends on ProShares keeping that waiver in place.
  • A small fund that trades thinly, which can mean wider bid-ask spreads than ProShares' long-established short ETFs and more cost in getting in and out.

Full DOG profile⁠

Full QQDN profile⁠

DOG vs QQDN 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 QQDN 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

  • QQDN 0.95%

    $17,869

$10,000
30 years

Cost over time

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

Year by year

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

Expense ratio

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

DOG 6th cheapest of 53 funds

QQDN 6th cheapest of 53 funds

DOG vs QQDN Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
DOG 3.16%
QQDN 5.29%, better
Payout (12M)
DOG $0.69
QQDN $1.18
Last payment
DOG $0.17
QQDN $0.18
Ex-dividend
DOG Sep 23, 2026
QQDN Sep 23, 2026
Paid on
DOG Sep 29, 2026
QQDN Sep 29, 2026
Frequency
DOG Quarterly
QQDN 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
QQDNQuarterly · 5 paymentsAll QQDN payments⁠
One bar per payment. 5 payments from 2017 to 2026 YTD. Sep 24, 2025 $0.25; Dec 24, 2025 $0.63; Mar 25, 2026 $0.16; Jun 24, 2026 $0.21; Sep 23, 2026 $0.18. Use the arrow keys to read each point.$0$0.502017202020232026YTD

DOG vs QQDN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
DOG 11.7%QQDN 41.1%since Jul 2025
Return per unit of riskSharpe ratio, 3 years
DOG −1.21QQDN −0.72since Jul 2025
Worst fallMax drawdown, 5 years
DOG −37.3%QQDN −51.8%since Jun 2025
Market sensitivityBeta, 5 years
DOG −0.83QQDN −2.78

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