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DOG vs REW

ProShares Short Dow30

DOGBNYSE Arca

ProShares UltraShort Technology

REWCNYSE Arca

Overlap

Expense ratio

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

DOG0.95%REW0.95%

Avg volume · 30D

DOG 115.5×the volume

DOG4.77MREW41.3K

10Y return · a year

DOG +32.1pt

DOG−11.0%REW−43.1%

DOG vs REW Performance

Nov 2, 2021 – Nov 2, 2026

−20.6%DOG−87.0%REW

Nov 2, 2021 to Nov 2, 2026. DOG −20.6%. REW −87.0%. Use the arrow keys to read each point.−50%0%25%50%75%Nov 2021May 2024Nov 2026
Expense ratio
DOG 0.95%
REW 0.95%
Fund size
DOG $115M
REW $4M
1Y total return
DOG −5.3%, better
REW −35.1%
Yield (12M)
DOG 3.16%
REW 5.98%, better
Holdings
DOG 3
REW 1
Avg volume (30D)
DOG 4.77M sh, better
REW 41.3K sh
NAV per share
DOG $22.02
REW $12.13
52W range

ETF.net Grade

DOG: Cost 50, Risk 66, Mission 97, Tradability 94, Holdings 43, Durability 69. REW: Cost 50, Risk 22, Mission not scored, Tradability 58, Holdings not scored, Durability 49.
Pillar letters and Scores for DOG, REW, with each pillar’s weight
PillarDOGREW
Cost30% weightC50C50
Mission25% weightA97Not scored
Risk15% weightB66HigherF22
Tradability15% weightA94HigherB58
Holdings10% weightC43Not scored
Durability5% weightB69HigherC49

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 REW 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 REW 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 32CQQDNProShares UltraShort QQQ MegaScore 40
  4. Rank 32CREWProShares UltraShort TechnologyScore 40
  5. Rank 32CRXDProShares UltraShort Health CareScore 40

Our read on each fund

ETF.net Research

DOGBProShares Short Dow30

REWCProShares UltraShort Technology

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.

REW The only -2x way to lean against US tech. REW targets twice the inverse of the S&P Technology Select Sector Index, reset every single day, at 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.

REW The Fund seeks daily investment results corresponding to -2x the daily performance of the S&P Technology Select Sector 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.
  • REW ProShares bills it as the only -2x ETF built to rise when the tech sector falls on the day: a middle gear between single-short and triple-short products.proshares.com
  • 0.95% net of a waiver through September 30, 2027, matching stablemates PSQ and DOG (each 0.95% net of waivers through that same date) and sitting near the category median.
  • Listed in 2007, which makes it one of the longer-running geared tech funds on the tape.
  • The reference is the S&P Technology Select Sector Index, the mainstream large-cap tech gauge, not a custom or narrowed basket.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
  • REW The -2x target applies to one day. Hold past that and compounding takes over, so results can drift away from -2x the index move, especially in choppy markets.proshares.com
  • Gross expenses run 2.84%. The 0.95% you actually pay rests on a waiver running through September 30, 2027, and waivers get renewed rather than locked in.
  • A small fund that trades lightly next to the big index shorts, so spreads and order size carry more weight here.

Full DOG profile⁠

Full REW profile⁠

DOG vs REW 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 REW 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

  • REW 0.95%

    $17,869

$10,000
30 years

Cost over time

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

Year by year

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

Expense ratio

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

DOG 6th cheapest of 53 funds

REW 6th cheapest of 53 funds

DOG vs REW Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
DOG 3.16%
REW 5.98%, better
Payout (12M)
DOG $0.69
REW $0.77
Last payment
DOG $0.17
REW $0.07
Ex-dividend
DOG Sep 23, 2026
REW Sep 23, 2026
Paid on
DOG Sep 29, 2026
REW Sep 29, 2026
Frequency
DOG Quarterly
REW 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$52017202020232026YTD
REWQuarterly · 25 paymentsAll REW payments⁠
One bar per payment. 25 payments from 2017 to 2026 YTD. Jun 20, 2018 $1.60; Sep 26, 2018 $4.13; Dec 26, 2018 $3.82; Mar 20, 2019 $4.48; Jun 25, 2019 $4.26; Sep 25, 2019 $3.91; Dec 24, 2019 $1.82; Mar 25, 2020 $0.62; Sep 21, 2022 $0.75; Dec 22, 2022 $0.38; Mar 22, 2023 $0.75; Jun 21, 2023 $1.08; Sep 20, 2023 $0.99; Dec 20, 2023 $1.05; Mar 20, 2024 $0.37; Jun 26, 2024 $0.60; Sep 25, 2024 $0.68; Dec 23, 2024 $0.66; Mar 26, 2025 $0.38; Jun 25, 2025 $0.37; Sep 24, 2025 $0.38; Dec 24, 2025 $0.34; Mar 25, 2026 $0.16; Jun 24, 2026 $0.20; Sep 23, 2026 $0.07. Use the arrow keys to read each point.$0$52017202020232026YTD

DOG vs REW Risk

Fall from peak · 5 years

  • DOG
  • REW
Nov 2, 2021 to Nov 2, 2026. Worst fall: REW −94.3% · Oct 2026. Use the arrow keys to read each point.−100%−75%−50%−25%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
DOG 11.7%, betterREW 41.3%
Return per unit of riskSharpe ratio, 3 years
DOG −1.21, betterREW −1.35
Worst fallMax drawdown, 5 years
DOG −37.3%, betterREW −94.3%
Market sensitivityBeta, 5 years
DOG −0.83REW −2.52

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