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DOG vs SBIT

ProShares Short Dow30

DOGBNYSE Arca

ProShares UltraShort Bitcoin ETF

SBITCNYSE Arca

Overlap

Expense ratio

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

DOG0.95%SBIT0.95%

Avg volume · 30D

DOG 5.0×the volume

DOG4.77MSBIT960K

DOG vs SBIT Performance

Oct 31, 2025 – Oct 30, 2026

−4.9%DOG+24.0%SBIT

Oct 31, 2025 to Oct 30, 2026. DOG −4.9%. SBIT +24.0%. Use the arrow keys to read each point.50%75%100%125%150%Oct 2025Apr 2026Oct 2026
Expense ratio
DOG 0.95%
SBIT 0.95%
Fund size
DOG $115M
SBIT $125M
1Y total return
DOG −4.9%
SBIT +24.0%, better
Yield (12M)
DOG 3.15%
SBIT 8.49%, better
Holdings
DOG 3
SBIT 1
Avg volume (30D)
DOG 4.77M sh, better
SBIT 960K sh
NAV per share
DOG $22.02
SBIT $35.70
52W range

ETF.net Grade

DOG: Cost 50, Risk 65, Mission 97, Tradability 94, Holdings 43, Durability 69. SBIT: Cost 50, Risk 38, Mission 27, Tradability 72, Holdings not scored, Durability 56.
Pillar letters and Scores for DOG, SBIT, with each pillar’s weight
PillarDOGSBIT
Cost30% weightC50C50
Mission25% weightA97HigherD27
Risk15% weightB65HigherD38
Tradability15% weightA94HigherA72
Holdings10% weightC43Not scored
Durability5% weightB69HigherB56

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 SBIT 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 SBIT 17th 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 15CSETHProShares Short Ether ETFScore 53
  4. Rank 17CSBITProShares UltraShort Bitcoin ETFScore 52
  5. Rank 17CSKFProShares UltraShort FinancialsScore 52

Our read on each fund

ETF.net Research

DOGBProShares Short Dow30

SBITCProShares UltraShort Bitcoin ETF

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.

SBIT The original inverse-bitcoin geared ETF: SBIT launched in 2024 targeting -2x the daily move in bitcoin, built from futures and swaps rather than an actual short position, and reset every day.

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.

SBIT The fund targets returns equal to negative two times the daily performance of bitcoin.

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.
  • SBIT First mover. ProShares launched SBIT in 2024 as the first ETF to target -2x daily bitcoin returns, debuting next to its 2x sibling.proshares.com
  • No margin account, no coin borrow, no wallet. The fund holds bitcoin futures and swaps, so the inverse exposure shows up in an ordinary brokerage account.proshares.comproshares.com 2
  • 0.95% a year, near the category norm for geared and inverse funds, with no waiver propping it up. It also trades actively, which helps on the way in and out.
  • Scores in the upper half of its inverse and leveraged peer group, a crowd where plenty of competitors are thinner and less traded.

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
  • SBIT The -2x target is a one-day target. Over longer stretches, daily resetting and compounding mean results can diverge from -2x bitcoin's move for the period.proshares.com
  • It does not short bitcoin itself. Exposure runs through futures and swaps, which adds counterparty and roll considerations on top of bitcoin's own price risk.proshares.comproshares.com 2
  • Doubling and flipping bitcoin's daily swings is a volatile ride, and ProShares frames these funds as short-holding-period tools meant to be monitored daily.proshares.com

Full DOG profile⁠

Full SBIT profile⁠

DOG vs SBIT 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 SBIT 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

  • SBIT 0.95%

    $17,869

$10,000
30 years

Cost over time

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

Year by year

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

Expense ratio

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

DOG 6th cheapest of 53 funds

SBIT 6th cheapest of 53 funds

DOG vs SBIT Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DOG 3.15%
SBIT 8.49%, better
Payout (12M)
DOG $0.69
SBIT $3.03
Last payment
DOG $0.17
SBIT $0.06
Ex-dividend
DOG Sep 23, 2026
SBIT Oct 1, 2026
Paid on
DOG Sep 29, 2026
SBIT Oct 7, 2026
Frequency
DOG Quarterly
SBIT Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

DOGQuarterly · 15 paymentsAll DOG payments⁠
One bar per payment. 15 payments from 2023 to 2026 YTD. 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$120232026YTD
SBITMonthly · 26 paymentsAll SBIT payments⁠
One bar per payment. 26 payments from 2023 to 2026 YTD. May 1, 2024 $0.14; Jun 3, 2024 $0.22; Jul 1, 2024 $0.16; Aug 1, 2024 $0.06; Sep 3, 2024 $0.0081; Dec 23, 2024 $0.0036; Feb 3, 2025 $0.0074; Mar 3, 2025 $0.01; Apr 1, 2025 $0.0022; Jun 2, 2025 $0.0048; Jul 1, 2025 $0.0099; Aug 1, 2025 $0.04; Sep 2, 2025 $0.05; Oct 1, 2025 $0.04; Nov 3, 2025 $0.04; Dec 1, 2025 $0.02; Dec 24, 2025 $0.0052; Feb 2, 2026 $0.34; Mar 2, 2026 $1.11; Apr 1, 2026 $0.26; May 1, 2026 $0.03; Jun 1, 2026 $0.05; Jul 1, 2026 $0.43; Aug 3, 2026 $0.52; Sep 1, 2026 $0.16; Oct 1, 2026 $0.06. Use the arrow keys to read each point.$0$120232026YTD

DOG vs SBIT 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%SBIT 86.0%since May 2024
Return per unit of riskSharpe ratio, 3 years
DOG −1.21SBIT −0.49since May 2024
Worst fallMax drawdown, 5 years
DOG −37.3%SBIT −91.3%since Apr 2024
Market sensitivityBeta, 5 years
DOG −0.83SBIT −2.48

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