Skip to content
etf.net

DOG vs SEF

ProShares Short Dow30

DOGBNYSE Arca

ProShares Short Financials

SEFBNYSE Arca

Overlap

Expense ratio

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

DOG0.95%SEF0.95%

Avg volume · 30D

DOG 362.8×the volume

DOG5.25MSEF14.5K

10Y return · a year

DOG +1.1pt

DOG−10.8%SEF−11.9%

DOG vs SEF Performance

Nov 9, 2021 – Nov 9, 2026

−20.6%DOG−27.4%SEF

Nov 9, 2021 to Nov 9, 2026. DOG −20.6%. SEF −27.4%. Use the arrow keys to read each point.−10%0%10%20%Nov 2021May 2024Nov 2026
Expense ratio
DOG 0.95%
SEF 0.95%
Fund size
DOG $123M
SEF $13M
1Y total return
DOG −7.4%
SEF −6.5%, better
Yield (12M)
DOG 3.19%, better
SEF 3.11%
Holdings
DOG 3
SEF 2
Avg volume (30D)
DOG 5.25M sh, better
SEF 14.5K sh
NAV per share
DOG $22.21
SEF $29.58
52W range

ETF.net Grade

DOG: Cost 50, Risk 70, Mission 95, Tradability 93, Holdings 44, Durability 68. SEF: Cost 50, Risk 65, Mission not scored, Tradability 68, Holdings 44, Durability 56.
Pillar letters and Scores for DOG, SEF, with each pillar’s weight
PillarDOGSEF
Cost30% weightC50C50
Mission25% weightA95Not scored
Risk15% weightA70HigherB65
Tradability15% weightA93HigherB68
Holdings10% weightC44C44
Durability5% weightB68HigherB56

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 SEF 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 SEF 9th of 53 funds in the Leveraged Inverse (2x & Other) Category.

  1. Rank 1BDOGProShares Short Dow30Score 65
  2. Rank 1BPSQProShares Short QQQScore 65
  3. Rank 9BEUMProShares Short MSCI Emerging MarketsScore 58
  4. Rank 9BSEFProShares Short FinancialsScore 58
  5. Rank 11BQIDProShares UltraShort QQQScore 57

Our read on each fund

ETF.net Research

DOGBProShares Short Dow30

SEFBProShares Short Financials

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.

SEF Launched in June 2008, in the thick of the financial crisis, SEF is the plain-vanilla short on US financials: one index, one times inverse, reset every day. No leverage stacked on top.

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.

SEF The fund seeks inverse daily results, before fees and expenses, relative to the S&P Financial 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.
  • SEF Same index as ProShares' SKF, but no leverage on top: SEF's mandate is the inverse of the S&P Financial Select Sector Index's daily move, before fees and expenses.
  • 0.95% net of a waiver through September 30, 2027 (1.58% gross), near the category median and level with ProShares' DOG, PSQ, SJB and RWM, all waived to that same date.
  • Listed since June 2008 and still running, and it rates as one of the stronger builds in a crowded field of inverse funds.

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
  • SEF The one times inverse target resets daily. Over longer holds, compounding can push results away from the index's simple inverse, especially in choppy markets.
  • Small and thinly traded next to the headline inverse names, so the bid-ask spread is a real part of the cost of getting in and out.
  • That 0.95% rides on a fee waiver; the gross expense ratio is 1.58% if it is not renewed past September 30, 2027.

Full DOG profile⁠

Full SEF profile⁠

DOG vs SEF 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 SEF 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

  • SEF 0.95%

    $17,869

$10,000
30 years

Cost over time

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

Year by year

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

Expense ratio

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

DOG 6th cheapest of 53 funds

SEF 6th cheapest of 53 funds

DOG vs SEF Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
DOG 3.19%, better
SEF 3.11%
Payout (12M)
DOG $0.69
SEF $0.91
Last payment
DOG $0.17
SEF $0.22
Ex-dividend
DOG Sep 23, 2026
SEF Sep 23, 2026
Paid on
DOG Sep 29, 2026
SEF Sep 29, 2026
Frequency
DOG Quarterly
SEF 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
SEFQuarterly · 23 paymentsAll SEF payments⁠
One bar per payment. 23 payments from 2017 to 2026 YTD. Sep 26, 2018 $0.13; Dec 26, 2018 $0.28; Mar 20, 2019 $0.22; Jun 25, 2019 $0.30; Sep 25, 2019 $0.24; Dec 24, 2019 $0.20; Mar 25, 2020 $0.08; Dec 22, 2022 $0.20; Mar 22, 2023 $0.25; Jun 21, 2023 $0.44; Sep 20, 2023 $0.55; Dec 20, 2023 $0.77; Mar 20, 2024 $0.45; Jun 26, 2024 $0.66; Sep 25, 2024 $0.39; Dec 23, 2024 $0.54; Mar 26, 2025 $0.32; Jun 25, 2025 $0.35; Sep 24, 2025 $0.33; Dec 24, 2025 $0.33; Mar 25, 2026 $0.11; Jun 24, 2026 $0.25; Sep 23, 2026 $0.22. Use the arrow keys to read each point.$0$0.502017202020232026YTD

DOG vs SEF Risk

Fall from peak · 5 years

  • DOG
  • SEF
Nov 9, 2021 to Nov 9, 2026. Worst fall: SEF −43.1% · Nov 2026. Use the arrow keys to read each point.−40%−30%−20%−10%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
DOG 11.7%, betterSEF 14.5%
Return per unit of riskSharpe ratio, 3 years
DOG −1.21, betterSEF −1.27
Worst fallMax drawdown, 5 years
DOG −37.3%, betterSEF −43.1%
Market sensitivityBeta, 5 years
DOG −0.83SEF −0.74

Popular comparisons

  • DOGBvsPSQB

    ProShares Short Dow30 · ProShares Short QQQ

    Expense ratio
    0.95% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SEFBvsPSQB

    ProShares Short Financials · ProShares Short QQQ

    Expense ratio
    0.95% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • DOGBvsSVXYB

    ProShares Short Dow30 · ProShares Short VIX Short-Term Futures ETF

    Expense ratio
    0.95% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SEFBvsSVXYB

    ProShares Short Financials · ProShares Short VIX Short-Term Futures ETF

    Expense ratio
    0.95% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • DOGBvsRWMB

    ProShares Short Dow30 · ProShares Short Russell2000

    Expense ratio
    0.95% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SEFBvsRWMB

    ProShares Short Financials · ProShares Short Russell2000

    Expense ratio
    0.95% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.