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DOG vs SBB

ProShares Short Dow30

DOGBNYSE Arca

ProShares Short SmallCap600

SBBCNYSE Arca

Overlap

5.9%by weight

Expense ratio

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

DOG0.95%SBB0.95%

Avg volume · 30D

DOG 3184.1×the volume

DOG4.77MSBB1.5K

10Y return · a year

DOG +0.4pt

DOG−10.9%SBB−11.3%

DOG vs SBB Performance

Oct 29, 2021 – Oct 30, 2026

−20.7%DOG−19.6%SBB

Oct 29, 2021 to Oct 30, 2026. DOG −20.7%. SBB −19.6%. Use the arrow keys to read each point.−10%0%10%20%Oct 2021Apr 2024Oct 2026
Expense ratio
DOG 0.95%
SBB 0.95%
Fund size
DOG $115M
SBB $4M
1Y total return
DOG −4.9%, better
SBB −13.7%
Yield (12M)
DOG 3.15%
SBB 3.33%, better
Holdings
DOG 3
SBB 1
Avg volume (30D)
DOG 4.77M sh, better
SBB 1.5K sh
NAV per share
DOG $22.02
SBB $23.40
52W range

ETF.net Grade

DOG: Cost 50, Risk 65, Mission 97, Tradability 94, Holdings 43, Durability 69. SBB: Cost 50, Risk 63, Mission not scored, Tradability 44, Holdings not scored, Durability 45.
Pillar letters and Scores for DOG, SBB, with each pillar’s weight
PillarDOGSBB
Cost30% weightC50C50
Mission25% weightA97Not scored
Risk15% weightB65HigherB63
Tradability15% weightA94HigherC44
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 SBB 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 SBB 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 32CRXDProShares UltraShort Health CareScore 40
  4. Rank 32CSBBProShares Short SmallCap600Score 40
  5. Rank 32CSCCProShares UltraShort Consumer DiscretionaryScore 40

Our read on each fund

ETF.net Research

DOGBProShares Short Dow30

SBBCProShares Short SmallCap600

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.

SBB Small-cap bearishness with the dial set to one: SBB aims for the inverse (-1x) of the S&P SmallCap 600's daily move. A sibling fund runs that same index at -2x. This is the plain version, and it has been doing the job since January 2007.

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.

SBB The Fund seeks daily investment results, before fees and expenses, that correspond to the inverse of the daily performance of the S&P SmallCap 600 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.
  • SBB Straight -1x, not 2x or 3x: a dollar of inverse exposure per dollar invested, without the amplified daily swings that stacked leverage brings.proshares.com
  • In ProShares' lineup it is the -1x take on the S&P SmallCap 600; sibling SDD runs the same index at -2x (0.95% net of a waiver through September 30, 2027).proshares.com
  • 0.95% net of a waiver through September 30, 2027 (gross 2.52%), which lands near the median fee among the bear funds in its category.
  • Live since January 2007, so the mechanics have run through nearly two decades of market cycles rather than a single recent stretch.

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
  • SBB The -1x objective resets daily. Over longer holds, compounding means results can drift from the index's inverse for that stretch, especially in choppy markets.proshares.com
  • One of the smaller and more thinly traded funds in its category, so bid-ask spreads carry more weight here than headline fee math.
  • That 0.95% rests on a contractual waiver running through September 30, 2027; the gross expense ratio underneath it is 2.52%.

Full DOG profile⁠

Full SBB profile⁠

DOG vs SBB Holdings

How DOG and SBB differ

Overlap by weight

5.9%

Shared holdings make up 100% of SBB and 5.9% of DOG.

Level by level

  • Holdings0 in both5.9%
  • Asset classEquity100%

Sector

No Sector split for SBB.

Country, concentration and asset class

Country by domicile

No country split for SBB.

Concentration

Weight in the 10 largest Holdings

  • DOG100.0%
  • SBB100.0%

Securities held

  • DOG2
  • SBB0

Asset class

DOG
Equity
SBB
Equity

Holdings

  • Only in DOG2
  • In both0
  • Only in SBB0

Only in DOG

2 securities, 94.1% of DOG by weight

  • Proshares Genius Mny Mkt Etf89.61%
  • TREASURY BILL, 0%, due 2026-12-174.45%

Only in SBB

0 securities, 0.0% of SBB by weight

Weight gaps

DOG and SBB share no securities.

All 12 DOG holdings⁠All 7 SBB 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 SBB 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

  • SBB 0.95%

    $17,869

$10,000
30 years

Cost over time

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

Year by year

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

Expense ratio

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

DOG 6th cheapest of 53 funds

SBB 6th cheapest of 53 funds

DOG vs SBB Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DOG 3.15%
SBB 3.33%, better
Payout (12M)
DOG $0.69
SBB $0.78
Last payment
DOG $0.17
SBB $0.19
Ex-dividend
DOG Sep 23, 2026
SBB Sep 23, 2026
Paid on
DOG Sep 29, 2026
SBB Sep 29, 2026
Frequency
DOG Quarterly
SBB 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
SBBQuarterly · 22 paymentsAll SBB payments⁠
One bar per payment. 22 payments from 2017 to 2026 YTD. Dec 26, 2018 $0.13; Mar 20, 2019 $0.17; Jun 25, 2019 $0.24; Sep 25, 2019 $0.21; Dec 24, 2019 $0.10; Mar 25, 2020 $0.00034; Dec 22, 2022 $0.12; Mar 22, 2023 $0.22; Jun 21, 2023 $0.25; Sep 20, 2023 $0.47; Dec 20, 2023 $0.55; Mar 20, 2024 $0.22; Jun 26, 2024 $0.38; Sep 25, 2024 $0.33; Dec 23, 2024 $0.50; Mar 26, 2025 $0.24; Jun 25, 2025 $0.22; Sep 24, 2025 $0.25; Dec 24, 2025 $0.23; Mar 25, 2026 $0.15; Jun 24, 2026 $0.21; Sep 23, 2026 $0.19. Use the arrow keys to read each point.$0$0.502017202020232026YTD

DOG vs SBB Risk

Fall from peak · 5 years

  • DOG
  • SBB
Oct 29, 2021 to Oct 30, 2026. Worst fall: SBB −39.4% · Aug 2026. Use the arrow keys to read each point.−40%−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
DOG 11.7%, betterSBB 18.0%
Return per unit of riskSharpe ratio, 3 years
DOG −1.21SBB −0.91, better
Worst fallMax drawdown, 5 years
DOG −37.3%, betterSBB −39.4%
Market sensitivityBeta, 5 years
DOG −0.83SBB −1.01

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