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DOG vs SDP

ProShares Short Dow30

DOGBNYSE Arca

ProShares UltraShort Utilities

SDPCNYSE Arca

Overlap

5.9%by weight

Expense ratio

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

DOG0.95%SDP0.95%

Avg volume · 30D

DOG 473.7×the volume

DOG4.77MSDP10.1K

10Y return · a year

DOG +9.5pt

DOG−10.9%SDP−20.4%

DOG vs SDP Performance

Oct 29, 2021 – Oct 30, 2026

−20.7%DOG−54.7%SDP

Oct 29, 2021 to Oct 30, 2026. DOG −20.7%. SDP −54.7%. Use the arrow keys to read each point.−40%0%20%Oct 2021Apr 2024Oct 2026
Expense ratio
DOG 0.95%
SDP 0.95%
Fund size
DOG $115M
SDP $2M
1Y total return
DOG −4.9%
SDP +2.4%, better
Yield (12M)
DOG 3.15%
SDP 3.86%, better
Holdings
DOG 3
SDP 1
Avg volume (30D)
DOG 4.77M sh, better
SDP 10.1K sh
NAV per share
DOG $22.02
SDP $23.14
52W range

ETF.net Grade

DOG: Cost 50, Risk 65, Mission 97, Tradability 94, Holdings 43, Durability 69. SDP: Cost 50, Risk 61, Mission not scored, Tradability 41, Holdings not scored, Durability 39.
Pillar letters and Scores for DOG, SDP, with each pillar’s weight
PillarDOGSDP
Cost30% weightC50C50
Mission25% weightA97Not scored
Risk15% weightB65HigherB61
Tradability15% weightA94HigherC41
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 SDP 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 SDP 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 32CSCCProShares UltraShort Consumer DiscretionaryScore 40
  4. Rank 32CSDPProShares UltraShort UtilitiesScore 40
  5. Rank 32CSIJProShares UltraShort IndustrialsScore 40

Our read on each fund

ETF.net Research

DOGBProShares Short Dow30

SDPCProShares UltraShort Utilities

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.

SDP Utilities are the market's sleepiest sector, which is exactly why SDP exists: the only -2x inverse utilities ETF, trading since 2007. A one-day tool, priced 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.

SDP The Fund seeks daily investment results, before fees and expenses, corresponding to approximately two times the inverse of the daily performance of the S&P Utilities 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.
  • SDP The only -2x inverse utilities ETF, per ProShares. Sector-level short exposure in a brokerage account, no margin agreement and no borrowing shares.proshares.com
  • 0.95% net of a waiver through September 30, 2027, against a 3.02% gross fee. Same net cost as ProShares' most-used inverse funds, DOG and PSQ, both waived to that date too.
  • Listed January 30, 2007, making it one of the original leveraged-inverse sector funds, with the same daily-reset mechanism through nearly two decades of utility tape.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
  • SDP The leverage resets daily. Hold past one session and compounding takes over, so returns over a week or a month can differ sharply from -2x the index move.proshares.com
  • One of the smaller, thinner-traded names in the inverse lineup, so spreads and order size are where the friction shows up.
  • Exposure comes from swaps and futures rather than shorted stock, which brings counterparty and financing costs into the picture.proshares.com

Full DOG profile⁠

Full SDP profile⁠

DOG vs SDP Holdings

How DOG and SDP differ

Overlap by weight

5.9%

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

Level by level

  • Holdings0 in both5.9%
  • Asset classEquity100%

Sector

No Sector split for SDP.

Country, concentration and asset class

Country by domicile

No country split for SDP.

Concentration

Weight in the 10 largest Holdings

  • DOG100.0%
  • SDP100.0%

Securities held

  • DOG2
  • SDP0

Asset class

DOG
Equity
SDP
Equity

Holdings

  • Only in DOG2
  • In both0
  • Only in SDP0

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 SDP

0 securities, 0.0% of SDP by weight

Weight gaps

DOG and SDP share no securities.

All 12 DOG holdings⁠All 6 SDP 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 SDP 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

  • SDP 0.95%

    $17,869

$10,000
30 years

Cost over time

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

Year by year

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

Expense ratio

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

DOG 6th cheapest of 53 funds

SDP 6th cheapest of 53 funds

DOG vs SDP Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DOG 3.15%
SDP 3.86%, better
Payout (12M)
DOG $0.69
SDP $0.89
Last payment
DOG $0.17
SDP $0.17
Ex-dividend
DOG Sep 23, 2026
SDP Sep 23, 2026
Paid on
DOG Sep 29, 2026
SDP Sep 29, 2026
Frequency
DOG Quarterly
SDP 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
SDPQuarterly · 23 paymentsAll SDP payments⁠
One bar per payment. 23 payments from 2017 to 2026 YTD. Dec 26, 2018 $0.09; Mar 20, 2019 $0.19; Jun 25, 2019 $0.40; Sep 25, 2019 $0.36; Dec 24, 2019 $0.08; Mar 25, 2020 $0.09; Dec 22, 2022 $0.24; Mar 22, 2023 $0.22; Jun 21, 2023 $0.53; Sep 20, 2023 $0.19; Dec 20, 2023 $0.58; Feb 14, 2024 $0.06; Mar 20, 2024 $0.24; Jun 26, 2024 $0.42; Sep 25, 2024 $0.25; Dec 23, 2024 $0.65; Mar 26, 2025 $0.15; Jun 25, 2025 $0.16; Sep 24, 2025 $0.19; Dec 24, 2025 $0.49; Mar 25, 2026 $0.06; Jun 24, 2026 $0.17; Sep 23, 2026 $0.17. Use the arrow keys to read each point.$0$0.502017202020232026YTD

DOG vs SDP Risk

Fall from peak · 5 years

  • DOG
  • SDP
Oct 29, 2021 to Oct 30, 2026. Worst fall: SDP −66.1% · Feb 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%, betterSDP 31.1%
Return per unit of riskSharpe ratio, 3 years
DOG −1.21SDP −0.84, better
Worst fallMax drawdown, 5 years
DOG −37.3%, betterSDP −66.1%
Market sensitivityBeta, 5 years
DOG −0.83SDP −0.79

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