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DOG vs RXD

ProShares Short Dow30

DOGBNYSE Arca

ProShares UltraShort Health Care

RXDCNYSE Arca

Overlap

Expense ratio

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

DOG0.95%RXD0.95%

Avg volume · 30D

DOG 513.1×the volume

DOG4.77MRXD9.3K

10Y return · a year

DOG +12.2pt

DOG−10.9%RXD−23.1%

DOG vs RXD Performance

Oct 29, 2021 – Oct 30, 2026

−20.7%DOG−45.4%RXD

Oct 29, 2021 to Oct 30, 2026. DOG −20.7%. RXD −45.4%. Use the arrow keys to read each point.−30%−10%0%10%20%Oct 2021Apr 2024Oct 2026
Expense ratio
DOG 0.95%
RXD 0.95%
Fund size
DOG $115M
RXD $3M
1Y total return
DOG −4.9%, better
RXD −39.8%
Yield (12M)
DOG 3.15%
RXD 3.64%, better
Holdings
DOG 3
RXD 1
Avg volume (30D)
DOG 4.77M sh, better
RXD 9.3K sh
NAV per share
DOG $22.02
RXD $12.36
52W range

ETF.net Grade

DOG: Cost 50, Risk 65, Mission 97, Tradability 94, Holdings 43, Durability 69. RXD: Cost 50, Risk 47, Mission not scored, Tradability 25, Holdings not scored, Durability 45.
Pillar letters and Scores for DOG, RXD, with each pillar’s weight
PillarDOGRXD
Cost30% weightC50C50
Mission25% weightA97Not scored
Risk15% weightB65HigherC47
Tradability15% weightA94HigherD25
Holdings10% weightC43Not scored
Durability5% weightB69HigherC45

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 RXD 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 RXD 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 32CREWProShares UltraShort TechnologyScore 40
  4. Rank 32CRXDProShares UltraShort Health CareScore 40
  5. Rank 32CSBBProShares Short SmallCap600Score 40

Our read on each fund

ETF.net Research

DOGBProShares Short Dow30

RXDCProShares UltraShort Health Care

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.

RXD A sector-specific short: aims to deliver -2x the daily move of the S&P Health Care Select Sector Index inside a plain ETF wrapper. Trading since 2007, it resets every day, which makes it a short-horizon tool rather than a hold.

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.

RXD The fund seeks daily pre-fee and pre-expense returns equal to negative two times the daily performance of the S&P Health Care Select Sector SM 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.
  • RXD Inverse health care exposure without a margin account or a swap desk: -2x daily on the S&P Health Care Select Sector Index in a 1940 Act fund.proshares.com
  • Fee is 0.95% net of a waiver through September 30, 2027, against a 4.53% gross ratio, and near the median for leveraged and inverse funds.
  • Same 0.95% net sticker as ProShares' broad-index shorts DOG and PSQ, each also net of a waiver through September 30, 2027, so the sector focus costs no extra.
  • Launched January 2007, so this is one of the original leveraged and inverse sector funds, seasoned through many health care policy cycles.

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
  • RXD The -2x target applies to a single day. Returns compound, so results over longer stretches can differ from twice the inverse of the index move.sec.gov
  • It has stayed small and trades thinly next to broad-index inverse siblings like PSQ and RWM, so bid-ask spreads can run wider.
  • One sector, doubled and flipped: FDA rulings, drug-pricing headlines and a few mega-cap pharma names swing it hard in both directions.

Full DOG profile⁠

Full RXD profile⁠

DOG vs RXD 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 RXD 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

  • RXD 0.95%

    $17,869

$10,000
30 years

Cost over time

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

Year by year

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

Expense ratio

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

DOG 6th cheapest of 53 funds

RXD 6th cheapest of 53 funds

DOG vs RXD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DOG 3.15%
RXD 3.64%, better
Payout (12M)
DOG $0.69
RXD $0.45
Last payment
DOG $0.17
RXD $0.12
Ex-dividend
DOG Sep 23, 2026
RXD Sep 23, 2026
Paid on
DOG Sep 29, 2026
RXD Sep 29, 2026
Frequency
DOG Quarterly
RXD 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
RXDQuarterly · 24 paymentsAll RXD payments⁠
One bar per payment. 24 payments from 2017 to 2026 YTD. Sep 26, 2018 $0.01; Dec 26, 2018 $0.22; Mar 20, 2019 $0.26; Jun 25, 2019 $0.37; Sep 25, 2019 $0.35; Dec 24, 2019 $0.21; Mar 25, 2020 $0.07; Dec 23, 2021 $0.09; Dec 22, 2022 $0.16; Mar 22, 2023 $0.10; Jun 21, 2023 $0.22; Sep 20, 2023 $0.19; Dec 20, 2023 $0.24; Mar 20, 2024 $0.25; Jun 26, 2024 $0.38; Sep 25, 2024 $0.20; Dec 23, 2024 $0.20; Mar 26, 2025 $0.13; Jun 25, 2025 $0.12; Sep 24, 2025 $0.21; Dec 24, 2025 $0.14; Mar 25, 2026 $0.04; Jun 24, 2026 $0.14; Sep 23, 2026 $0.12. Use the arrow keys to read each point.$0$0.502017202020232026YTD

DOG vs RXD Risk

Fall from peak · 5 years

  • DOG
  • RXD
Oct 29, 2021 to Oct 30, 2026. Worst fall: RXD −56.1% · Oct 2026. Use the arrow keys to read each point.−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
DOG 11.7%, betterRXD 28.9%
Return per unit of riskSharpe ratio, 3 years
DOG −1.21RXD −0.85, better
Worst fallMax drawdown, 5 years
DOG −37.3%, betterRXD −56.1%
Market sensitivityBeta, 5 years
DOG −0.83RXD −0.93

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