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DOG vs SRS

ProShares Short Dow30

DOGBNYSE Arca

ProShares UltraShort Real Estate

SRSBNYSE Arca

Overlap

Expense ratio

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

DOG0.95%SRS0.95%

Avg volume · 30D

DOG 368.2×the volume

DOG5.25MSRS14.3K

10Y return · a year

DOG +6.8pt

DOG−10.8%SRS−17.6%

DOG vs SRS Performance

Nov 9, 2021 – Nov 9, 2026

−20.6%DOG−17.4%SRS

Nov 9, 2021 to Nov 9, 2026. DOG −20.6%. SRS −17.4%. Use the arrow keys to read each point.0%20%40%60%Nov 2021May 2024Nov 2026
Expense ratio
DOG 0.95%
SRS 0.95%
Fund size
DOG $123M
SRS $16M
1Y total return
DOG −7.4%, better
SRS −17.2%
Yield (12M)
DOG 3.19%
SRS 3.39%, better
Holdings
DOG 3
SRS 2
Avg volume (30D)
DOG 5.25M sh, better
SRS 14.3K sh
NAV per share
DOG $22.21
SRS $39.90
52W range

ETF.net Grade

DOG: Cost 50, Risk 70, Mission 95, Tradability 93, Holdings 44, Durability 68. SRS: Cost 50, Risk 55, Mission not scored, Tradability 60, Holdings 36, Durability 56.
Pillar letters and Scores for DOG, SRS, with each pillar’s weight
PillarDOGSRS
Cost30% weightC50C50
Mission25% weightA95Not scored
Risk15% weightA70HigherB55
Tradability15% weightA93HigherB60
Holdings10% weightC44HigherD36
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 SRS 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 SRS 14th of 53 funds in the Leveraged Inverse (2x & Other) Category.

  1. Rank 1BDOGProShares Short Dow30Score 65
  2. Rank 1BPSQProShares Short QQQScore 65
  3. Rank 14CSETHProShares Short Ether ETFScore 53
  4. Rank 14BSRSProShares UltraShort Real EstateScore 53
  5. Rank 18CSVIX-1x Short VIX Futures ETFScore 52

Our read on each fund

ETF.net Research

DOGBProShares Short Dow30

SRSBProShares UltraShort Real Estate

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.

SRS The one-ticker way to lean against US real estate with leverage: SRS targets twice the inverse of the S&P 500's real estate sector, recalculated every single day. It has been running since 2007, just as the housing market cracked.

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.

SRS The fund seeks daily results, before fees and expenses, equal to two times the inverse performance of the S&P Real Estate Select Sector SM 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.
  • SRS ProShares describes it as the only -2x ETF built to rise when the real estate sector falls on a given day. A REIT-heavy short with leverage, in one brokerage ticker, no margin account or borrow hunt.proshares.com
  • 0.95% net of a waiver through September 30, 2027 (1.29% gross), near the category median and the same net fee as ProShares' index shorts like PSQ and RWM, each 0.95% net of waivers through September 30, 2027.
  • Trading since January 2007, so nearly two decades of operating history across full real estate cycles. Few inverse sector funds have been around that long.
  • Among the leveraged and inverse funds we review, it sits in the upper tier of a large peer group on how cleanly the exposure is built and 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
  • SRS The -2x target is a one-day target. The prospectus states that over longer periods daily rebalancing and compounding will very likely make returns differ from -2x the index, including in flat markets.sec.gov
  • Exposure comes mainly from swaps with large financial institutions rather than shorted shares, so counterparty terms and financing costs sit inside the return.sec.gov
  • A small fund that trades lightly next to the big index-based inverse ETFs, so spreads and execution deserve attention.

Full DOG profile⁠

Full SRS profile⁠

DOG vs SRS 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 SRS 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

  • SRS 0.95%

    $17,869

$10,000
30 years

Cost over time

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

Year by year

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

Expense ratio

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

DOG 6th cheapest of 53 funds

SRS 6th cheapest of 53 funds

DOG vs SRS Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
DOG 3.19%
SRS 3.39%, better
Payout (12M)
DOG $0.69
SRS $1.31
Last payment
DOG $0.17
SRS $0.33
Ex-dividend
DOG Sep 23, 2026
SRS Sep 23, 2026
Paid on
DOG Sep 29, 2026
SRS Sep 29, 2026
Frequency
DOG Quarterly
SRS 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$12017202020232026YTD
SRSQuarterly · 24 paymentsAll SRS payments⁠
One bar per payment. 24 payments from 2017 to 2026 YTD. Jun 20, 2018 $0.0099; Sep 26, 2018 $0.50; Dec 26, 2018 $0.65; Mar 20, 2019 $0.57; Jun 25, 2019 $0.86; Sep 25, 2019 $0.74; Dec 24, 2019 $0.51; Mar 25, 2020 $0.19; Dec 22, 2022 $0.22; Mar 22, 2023 $0.42; Jun 21, 2023 $0.59; Sep 20, 2023 $0.66; Dec 20, 2023 $0.89; Mar 20, 2024 $0.51; Jun 26, 2024 $0.97; Sep 25, 2024 $0.79; Dec 23, 2024 $0.88; Mar 26, 2025 $0.49; Jun 25, 2025 $0.43; Sep 24, 2025 $0.42; Dec 24, 2025 $0.43; Mar 25, 2026 $0.26; Jun 24, 2026 $0.29; Sep 23, 2026 $0.33. Use the arrow keys to read each point.$0$12017202020232026YTD

DOG vs SRS Risk

Fall from peak · 5 years

  • DOG
  • SRS
Nov 9, 2021 to Nov 9, 2026. Worst fall: SRS −54.8% · Jul 2026. Use the arrow keys to read each point.−60%−40%−20%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
DOG 11.7%, betterSRS 33.0%
Return per unit of riskSharpe ratio, 3 years
DOG −1.21SRS −0.59, better
Worst fallMax drawdown, 5 years
DOG −37.3%, betterSRS −54.8%
Market sensitivityBeta, 5 years
DOG −0.83SRS −1.87

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