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DOG vs SDD

ProShares Short Dow30

DOGBNYSE Arca

ProShares UltraShort SmallCap600

SDDDNYSE Arca

Overlap

Expense ratio

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

DOG0.95%SDD0.95%

Avg volume · 30D

DOG 2545.2×the volume

DOG4.77MSDD1.87K

10Y return · a year

DOG +15.8pt

DOG−10.9%SDD−26.7%

DOG vs SDD Performance

Oct 29, 2021 – Oct 30, 2026

−20.7%DOG−54.7%SDD

Oct 29, 2021 to Oct 30, 2026. DOG −20.7%. SDD −54.7%. Use the arrow keys to read each point.−40%0%20%40%Oct 2021Apr 2024Oct 2026
Expense ratio
DOG 0.95%
SDD 0.95%
Fund size
DOG $115M
SDD $2M
1Y total return
DOG −4.9%, better
SDD −29.9%
Yield (12M)
DOG 3.15%
SDD 4.80%, better
Holdings
DOG 3
SDD 1
Avg volume (30D)
DOG 4.77M sh, better
SDD 1.87K sh
NAV per share
DOG $22.02
SDD $8.99
52W range

ETF.net Grade

DOG: Cost 50, Risk 65, Mission 97, Tradability 94, Holdings 43, Durability 69. SDD: Cost 50, Risk 37, Mission not scored, Tradability 18, Holdings not scored, Durability 39.
Pillar letters and Scores for DOG, SDD, with each pillar’s weight
PillarDOGSDD
Cost30% weightC50C50
Mission25% weightA97Not scored
Risk15% weightB65HigherD37
Tradability15% weightA94HigherF18
Holdings10% weightC43Not scored
Durability5% weightB69HigherD39

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 SDD 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 SDD 50th 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 49DBISProShares UltraShort Nasdaq BiotechnologyScore 39
  4. Rank 50DSDDProShares UltraShort SmallCap600Score 38
  5. Rank 50DSKRETuttle Capital Daily 2X Inverse Regional Banks ETFScore 38

Our read on each fund

ETF.net Research

DOGBProShares Short Dow30

SDDDProShares UltraShort 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.

SDD The only double-short on the S&P SmallCap 600, the small-cap index with an earnings screen. SDD targets -2x the index's move each trading day, reset daily, for 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.

SDD SDD seeks daily investment results corresponding to twice the inverse of the daily performance of the S&P SmallCap 600.

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.
  • SDD ProShares calls it the only -2x ETF built on the S&P SmallCap 600, an index that screens new members for positive earnings. A short on profitable small caps, not the whole small-cap pond.proshares.comspglobal.com
  • Fee sits near the category median: 0.95% net of a waiver through September 30, 2027, against a 5.52% gross ratio. The waiver is doing real work here.
  • Trading since January 2007, so the mechanics have run through multiple small-cap drawdowns and recoveries rather than one市 cycle.

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
  • SDD The -2x objective applies to a single day, NAV to NAV. Hold longer and compounding can pull results away from -2x the index move over that stretch, most of all in choppy tape.proshares.com
  • One of the smaller and less-traded funds in its category, which tends to mean wider spreads. Limit orders are the norm for this kind of exposure.
  • Sits in the bottom quartile of our leveraged-and-inverse review. SBB shorts the same index at one times, also 0.95% net of a waiver through September 30, 2027.

Full DOG profile⁠

Full SDD profile⁠

DOG vs SDD 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 SDD 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

  • SDD 0.95%

    $17,869

$10,000
30 years

Cost over time

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

Year by year

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

Expense ratio

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

DOG 6th cheapest of 53 funds

SDD 6th cheapest of 53 funds

DOG vs SDD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DOG 3.15%
SDD 4.80%, better
Payout (12M)
DOG $0.69
SDD $0.43
Last payment
DOG $0.17
SDD $0.06
Ex-dividend
DOG Sep 23, 2026
SDD Sep 23, 2026
Paid on
DOG Sep 29, 2026
SDD Sep 29, 2026
Frequency
DOG Quarterly
SDD 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
SDDQuarterly · 23 paymentsAll SDD payments⁠
One bar per payment. 23 payments from 2017 to 2026 YTD. Jun 20, 2018 $0.10; Sep 26, 2018 $0.31; Dec 26, 2018 $0.33; Mar 20, 2019 $0.32; Jun 25, 2019 $0.36; Sep 25, 2019 $0.28; Dec 24, 2019 $0.11; Dec 22, 2022 $0.09; Mar 22, 2023 $0.13; Jun 21, 2023 $0.16; Sep 20, 2023 $0.18; Dec 20, 2023 $0.24; Mar 20, 2024 $0.12; Jun 26, 2024 $0.17; Sep 25, 2024 $0.20; Dec 23, 2024 $0.18; Mar 26, 2025 $0.14; Jun 25, 2025 $0.15; Sep 24, 2025 $0.16; Dec 24, 2025 $0.19; Mar 25, 2026 $0.08; Jun 24, 2026 $0.10; Sep 23, 2026 $0.06. Use the arrow keys to read each point.$0$0.502017202020232026YTD

DOG vs SDD Risk

Fall from peak · 5 years

  • DOG
  • SDD
Oct 29, 2021 to Oct 30, 2026. Worst fall: SDD −72.0% · Aug 2026. Use the arrow keys to read each point.−80%−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
DOG 11.7%, betterSDD 35.4%
Return per unit of riskSharpe ratio, 3 years
DOG −1.21SDD −0.89, better
Worst fallMax drawdown, 5 years
DOG −37.3%, betterSDD −72.0%
Market sensitivityBeta, 5 years
DOG −0.83SDD −2.01

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