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DOG vs TSXD

ProShares Short Dow30

DOGBNYSE Arca

Direxion Daily Semiconductors Top 5 Bear 2X ETF

TSXDDNYSE Arca

Overlap

Expense ratio

DOG −0.04pt a year

DOG0.95%TSXD0.99%

Avg volume · 30D

DOG 84.9×the volume

DOG4.77MTSXD56.2K

DOG vs TSXD Performance

Oct 31, 2025 – Oct 30, 2026

−4.9%DOG−63.4%TSXD

Oct 31, 2025 to Oct 30, 2026. DOG −4.9%. TSXD −63.4%. Use the arrow keys to read each point.−40%−20%20%Oct 2025Apr 2026Oct 2026
Expense ratio
DOG 0.95%, better
TSXD 0.99%
Fund size
DOG $115M
TSXD $1M
1Y total return
DOG −4.9%, better
TSXD −63.4%
Yield (12M)
DOG 3.15%
TSXD No data
Holdings
DOG 3
TSXD 3
Avg volume (30D)
DOG 4.77M sh, better
TSXD 56.2K sh
NAV per share
DOG $22.02
TSXD $5.38
52W range

ETF.net Grade

DOG: Cost 50, Risk 65, Mission 97, Tradability 94, Holdings 43, Durability 69. TSXD: Cost 50, Risk 14, Mission not scored, Tradability 30, Holdings not scored, Durability 15.
Pillar letters and Scores for DOG, TSXD, with each pillar’s weight
PillarDOGTSXD
Cost30% weightC50C50
Mission25% weightA97Not scored
Risk15% weightB65HigherF14
Tradability15% weightA94HigherD30
Holdings10% weightC43Not scored
Durability5% weightB69HigherF15

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 TSXD 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 TSXD 52nd 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 50DSKRETuttle Capital Daily 2X Inverse Regional Banks ETFScore 38
  4. Rank 52DTSXDDirexion Daily Semiconductors Top 5 Bear 2X ETFScore 34
  5. Rank 52DTTXDDirexion Daily Technology Top 5 Bear 2X ETFScore 34

Our read on each fund

ETF.net Research

DOGBProShares Short Dow30

TSXDDDirexion Daily Semiconductors Top 5 Bear 2X ETF

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.

TSXD The inverse half of Direxion's Titans line: TSXD aims for -200% of the daily move in an equal-weight basket of the five biggest semiconductor names. Narrower than shorting the whole sector, broader than betting against one chip stock.

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.

TSXD The fund seeks daily investment results equal to -200% of the performance of the NYSE Semiconductor Top 5 Equal Weight Index, before fees and expenses. Its objective applies for a single day.

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.
  • TSXD Targets -200% of the daily move in five chip giants, equal weighted and rebalanced quarterly: a narrower instrument than a 30-stock sector short.direxion.com
  • 0.99% net of a waiver through September 1, 2027 sits near the category median, close to inverse staples like PSQ (0.95% net of a waiver through September 30, 2027).
  • Equal weighting holds any one name to roughly a fifth of the basket at each quarterly reset, so a single chip stock's earnings night matters less than in a single-stock inverse fund.direxion.comdirexion.com 2

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
  • TSXD Daily reset: hold longer than a day and results compound, so they can diverge widely from -2x the index's move over that stretch, especially in choppy markets.direxion.com
  • That 0.99% rests on a waiver through September 1, 2027. The gross expense ratio is 9.79%, so the contractual cost without the waiver is far higher.
  • Launched October 2025 and still a small, moderately traded fund, which can mean wider bid/ask spreads than the long-running broad inverse ETFs.

Full DOG profile⁠

Full TSXD profile⁠

DOG vs TSXD 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 TSXD Cost

Overpaying TSXD vs DOG

$656

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DOG 0.95%

    $17,869

  • TSXD 0.99%

    $18,525

$10,000
30 years

Cost over time

  • DOG 0.95%
  • TSXD 0.99%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530TSXD $18,525DOG $17,869

Year by year

YearDOGTSXDOverpaying
10$1,678$1,746$68
20$6,322$6,565$243
30$17,869$18,525$656

Expense ratio

  • 0.95%DOG, cheaper
  • 0.99%TSXD
  • Middle half of Leveraged Inverse (2x & Other) funds
  • Median 0.95%

DOG 6th cheapest of 53 funds

TSXD 49th cheapest of 53 funds

DOG vs TSXD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DOG 3.15%
TSXD No data
Payout (12M)
DOG $0.69
TSXD No data
Last payment
DOG $0.17
TSXD $0.06
Ex-dividend
DOG Sep 23, 2026
TSXD Sep 22, 2026
Paid on
DOG Sep 29, 2026
TSXD Sep 29, 2026
Frequency
DOG Quarterly
TSXD 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
TSXDQuarterly · 4 paymentsAll TSXD payments⁠
One bar per payment. 4 payments from 2017 to 2026 YTD. Dec 23, 2025 $0.19; Mar 24, 2026 $0.08; Jun 23, 2026 $0.05; Sep 22, 2026 $0.06. Use the arrow keys to read each point.$0$0.502017202020232026YTD

DOG vs TSXD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
DOG 11.7%TSXD 74.1%since Nov 2025
Return per unit of riskSharpe ratio, 3 years
DOG −1.21TSXD −0.97since Nov 2025
Worst fallMax drawdown, 5 years
DOG −37.3%TSXD −81.1%since Oct 2025
Market sensitivityBeta, 5 years
DOG −0.83TSXD −3.62

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