DOG vs SKF: Grades, Fees and Holdings Compared

ProShares Short Dow30

DOGBNYSE Arca

ProShares UltraShort Financials

SKFCNYSE Arca

Overlap

82.1%by weight

Expense ratio

DOG0.95%SKF0.95%

Avg volume · 30D

DOG 192.0×the volume

DOG5.25MSKF27.4K

10Y return · a year

DOG +15.9pt

DOG−10.8%SKF−26.7%

DOG vs SKF Performance

Nov 9, 2021 – Nov 9, 2026

−20.6%DOG−60.9%SKF

Expense ratio: DOG 0.95%; SKF 0.95%
Fund size: DOG $123M; SKF $11M
1Y total return: DOG −7.4%, better; SKF −17.1%
Yield (12M): DOG 3.19%; SKF 4.10%, better
Holdings: DOG 3; SKF 2
Avg volume (30D): DOG 5.25M sh, better; SKF 27.4K sh
NAV per share: DOG $22.21; SKF $22.87
52W range

ETF.net Grade

Pillar letters and Scores for DOG, SKF, with each pillar’s weight
Pillar	DOG	SKF
Cost30% weight	C50	C50
Mission25% weight	A95	Not scored
Risk15% weight	A70Higher	C45
Tradability15% weight	A93Higher	B61
Holdings10% weight	C44	C44
Durability5% weight	B68Higher	C54

Rank among Leveraged Inverse (2x & Other) funds

How we build Categories ›

Same Category. DOG and SKF 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 SKF 20th of 53 funds in the Leveraged Inverse (2x & Other) Category.

Rank 1BDOGProShares Short Dow30Score 65
Rank 1BPSQProShares Short QQQScore 65
Rank 20CQQQDDirexion Daily Magnificent 7 Bear 1X ETFScore 51
Rank 20CSKFProShares UltraShort FinancialsScore 51
Rank 23CZSLProShares UltraShort SilverScore 50

Our read on each fund

ETF.net Research

DOGBProShares Short Dow30

SKFCProShares UltraShort 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.

SKF The only -2x bear fund on the financials sector, live since January 2007, just ahead of the sector's defining crash. It aims to deliver twice the inverse of the S&P Financial Select Sector Index's daily move. 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.

SKF The fund seeks daily results, before fees and expenses, equal to -2x the daily performance of the S&P Financial Select Sector Index. It is designed to provide inverse exposure when the financials sector declines.

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.

SKF ProShares calls it the only -2x inverse ETF on the financials sector; sibling SEF rides the same index at -1x (0.95% net of a waiver through September 30, 2027).proshares.com
0.95% net of a waiver through September 30, 2027 (1.54% gross), near the median fee for leveraged-bear funds.
Trading since January 30, 2007, through the financial crisis and everything after: a long public record of how daily-reset leverage behaves.proshares.com
The reference index measures financial companies inside the S&P 500, so the short is aimed at large-cap banks, insurers and capital-markets firms.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

SKF Leverage resets daily. Hold longer and compounding pushes results away from -2x, with choppy markets grinding hardest.proshares.com
Small assets and light trading by ETF standards, so bid/ask spreads matter more going in and out.
The 0.95% leans on a contractual waiver; gross runs 1.54% if it is not extended past September 30, 2027.

Full DOG profile⁠

Full SKF profile⁠

DOG vs SKF Holdings

How DOG and SKF differ

Overlap by weight

82.1%

Shared holdings make up 82.4% of DOG and 82.1% of SKF.

About this figure: DOG gets much of its exposure from swaps and futures, which aren’t counted.

SKF gets much of its exposure from swaps and futures, which aren’t counted.

Level by level

Holdings1 in both82.1%
Asset classStocks100%
Countryby domicile100%

Sector

No Sector split for SKF.

Country, concentration and asset class

Country by domicile

Country weights in DOG and SKF, widest gap first
Country	More in DOGMore in SKF	Gap	DOG	SKF
United States		Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

DOG100.0%
SKF100.0%

Securities held

DOG2
SKF1

Asset class

DOG: Stocks
SKF: Stocks

Holdings

Only in DOG1
In both1
Only in SKF0

Only in DOG

1 security, 4.1% of DOG by weight

TREASURY BILL, 0%, due 2026-12-174.10%

Only in SKF

0 securities, 0.0% of SKF by weight

Weight gaps

All 1 Holdings in both funds, largest gap first.

Holding weights in DOG and SKF, widest gap first
Holding	More in DOGMore in SKF	Gap	DOG	SKF
Proshares Genius Mny Mkt EtfIQMM		DOG +0.21 points	82.35%	82.14%

All 12 DOG holdings⁠All 11 SKF 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 SKF 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
SKF 0.95%
$17,869

Amount$10,000

Years30 years

Cost over time

DOG 0.95%
SKF 0.95%

Year by year

Year	DOG	SKF
10	$1,678	$1,678
20	$6,322	$6,322
30	$17,869	$17,869

Expense ratio

0.95%DOG
0.95%SKF

DOG0.95%SKF0.95%

0.50%1.47%

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

DOG 6th cheapest of 53 funds

SKF 6th cheapest of 53 funds

DOG vs SKF Dividends

Last 12 months to Nov 9, 2026

Yield (12M): DOG 3.19%; SKF 4.10%, better
Payout (12M): DOG $0.69; SKF $0.91
Last payment: DOG $0.17; SKF $0.19
Ex-dividend: DOG Sep 23, 2026; SKF Sep 23, 2026
Paid on: DOG Sep 29, 2026; SKF Sep 29, 2026
Frequency: DOG Quarterly; SKF Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DOGQuarterly · 26 paymentsAll DOG payments⁠

SKFQuarterly · 22 paymentsAll SKF payments⁠

DOG vs SKF Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: DOG 11.7%, betterSKF 28.5%
Return per unit of riskSharpe ratio, 3 years: DOG −1.21, betterSKF −1.26
Worst fallMax drawdown, 5 years: DOG −37.3%, betterSKF −74.8%
Market sensitivityBeta, 5 years: DOG −0.83SKF −1.45; Market = 1

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