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DXD vs SVXY

ProShares UltraShort Dow30

DXDBNYSE Arca

ProShares Short VIX Short-Term Futures ETF

SVXYBCboe

Overlap

Expense ratio

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

DXD0.95%SVXY0.95%

Avg volume · 30D

DXD 1.5×the volume

DXD2.23MSVXY1.49M

10Y return · a year

SVXY +22.6pt

DXD−24.3%SVXY−1.7%

DXD vs SVXY Performance

Oct 29, 2021 – Oct 30, 2026

−51.6%DXD+96.6%SVXY

Oct 29, 2021 to Oct 30, 2026. DXD −51.6%. SVXY +96.6%. Use the arrow keys to read each point.−25%0%25%50%75%Oct 2021Apr 2024Oct 2026
Expense ratio
DXD 0.95%
SVXY 0.95%
Fund size
DXD $42M
SVXY $201M
1Y total return
DXD −13.2%
SVXY +21.9%, better
Yield (12M)
DXD 3.58%
SVXY No data
Holdings
DXD 3
SVXY 1
Avg volume (30D)
DXD 2.23M sh, better
SVXY 1.49M sh
NAV per share
DXD $17.67
SVXY $60.55
52W range

ETF.net Grade

DXD: Cost 50, Risk 48, Mission 100, Tradability 85, Holdings 55, Durability 62. SVXY: Cost 50, Risk 75, Mission not scored, Tradability 84, Holdings not scored, Durability 76.
Pillar letters and Scores for DXD, SVXY, with each pillar’s weight
PillarDXDSVXY
Cost30% weightC50C50
Mission25% weightA100Not scored
Risk15% weightC48A75Higher
Tradability15% weightA85HigherA84
Holdings10% weightB55Not scored
Durability5% weightB62A76Higher

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. DXD and SVXY 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 ›

SVXY ranks 1st and DXD 10th 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 3BPSQProShares Short QQQScore 64
  4. Rank 8BREKProShares Short Real EstateScore 59
  5. Rank 10BDXDProShares UltraShort Dow30Score 58
  6. Rank 11BQIDProShares UltraShort QQQScore 57

Our read on each fund

ETF.net Research

DXDBProShares UltraShort Dow30

SVXYBProShares Short VIX Short-Term Futures ETF

In short

DXD A 2006 original. DXD aims for twice the inverse of the Dow's daily move, resetting the clock every single day. Think of it as the double-strength version of the Dow bear trade, engineered for days, not quarters.

SVXY Short volatility, half dose. SVXY targets one-half the inverse of a VIX short-term futures index each day, a deliberately de-tuned take on the short-vol trade, and it has run that mandate since 2011.

Stated mandate

DXD DXD seeks daily, pre-expense returns equal to approximately twice the inverse of the Dow Jones Industrial Average's daily performance. It is designed to rise when the Index falls and decline when the Index rises.

SVXY SVXY seeks daily results equal to one-half the inverse of the S&P 500 VIX Short-Term Futures Index. Its objective is measured daily, so returns over longer periods can differ from the stated daily target.

Why people hold it

  • DXD One of the originals. DXD listed July 11, 2006, in the first wave of leveraged and inverse ETFs, and has been running since before the 2008 crash.interactivebrokers.com
  • Does what the label says: -2x the Dow's daily return, measured NAV to NAV. It has hit that daily target tightly, one of the stronger implementations among bear funds.proshares.com
  • 0.95% net of a waiver through September 30, 2027, matching ProShares' other bear funds (DOG, PSQ and RWM each 0.95% net under waivers to the same date) and near the category median.
  • Actively traded for a fund of its size, which matters for a tool built to be held in short stretches rather than parked.
  • SVXY The half-strength design is the whole idea: a -0.5x daily target rather than full inverse, so a jump in VIX futures lands with half the force of a one-for-one short.proshares.com
  • 0.95% a year sits below the typical leveraged and inverse fund, and among that crowd this is one of the stronger implementations in its peer group.
  • Launched in 2011 and actively traded, so it has a long operating history and a working market for getting in and out.

Worth knowing

  • DXD Daily reset means compounding. Hold longer than one day and the result can drift, sometimes a lot, from -2x the Dow's move over that stretch.proshares.com
  • That 0.95% is net of a waiver running to September 30, 2027. Gross is 1.09%, so the sticker price can step up if the waiver is not renewed.
  • Assets are small by ETF standards, well below the scale of the headline index funds it bets against. Payouts, when made, come on a quarterly cadence.
  • SVXY The objective resets daily. Hold longer and compounding takes over, so results over weeks or months can look nothing like half the inverse of the index.proshares.com
  • It is a commodity pool holding VIX futures, not a basket of stocks. Reporting and tax treatment follow different rules than a standard equity ETF.proshares.com
  • Pure price vehicle with no distribution stream, and volatility spikes arrive fast, which is exactly what a short-vol position is on the wrong side of.

Full DXD profile⁠

Full SVXY profile⁠

DXD vs SVXY 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.

DXD vs SVXY Cost

Same expense ratio

$17,869

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

  • DXD 0.95%

    $17,869

  • SVXY 0.95%

    $17,869

$10,000
30 years

Cost over time

  • DXD 0.95%
  • SVXY 0.95%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530DXD $17,869SVXY $17,869

Year by year

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

Expense ratio

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

DXD 6th cheapest of 53 funds

SVXY 6th cheapest of 53 funds

DXD vs SVXY Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DXD 3.58%
SVXY No data
Payout (12M)
DXD $0.63
SVXY None
Last payment
DXD $0.15
SVXY No data
Ex-dividend
DXD Sep 23, 2026
SVXY No data
Paid on
DXD Sep 29, 2026
SVXY No data
Frequency
DXD Quarterly
SVXY No data

Distribution history

Per share, 2017 to 2026, same scale for both

DXDQuarterly · 26 paymentsAll DXD payments⁠
One bar per payment. 26 payments from 2017 to 2026 YTD. Dec 26, 2017 $0.22; Mar 21, 2018 $0.28; Jun 20, 2018 $0.43; Sep 26, 2018 $0.61; Dec 26, 2018 $0.73; Mar 20, 2019 $0.47; Jun 25, 2019 $0.57; Sep 25, 2019 $0.50; Dec 24, 2019 $0.45; Mar 25, 2020 $0.19; Dec 22, 2022 $0.11; Mar 22, 2023 $0.25; Jun 21, 2023 $0.34; Sep 20, 2023 $0.34; Dec 20, 2023 $0.38; Mar 20, 2024 $0.25; Jun 26, 2024 $0.47; Sep 25, 2024 $0.41; Dec 23, 2024 $0.47; Mar 26, 2025 $0.23; Jun 25, 2025 $0.21; Sep 24, 2025 $0.21; Dec 24, 2025 $0.22; Mar 25, 2026 $0.11; Jun 24, 2026 $0.14; Sep 23, 2026 $0.15. Use the arrow keys to read each point.$0$0.502017202020232026YTD
SVXYAll SVXY payments⁠

No distribution history available.

DXD vs SVXY Risk

Fall from peak · 5 years

  • DXD
  • SVXY
Oct 29, 2021 to Oct 30, 2026. Worst fall: DXD −68.7% · Aug 2026. Use the arrow keys to read each point.−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
DXD 23.2%, betterSVXY 26.5%
Return per unit of riskSharpe ratio, 3 years
DXD −1.21SVXY 0.42, better
Worst fallMax drawdown, 5 years
DXD −68.7%SVXY −46.4%, better
Market sensitivityBeta, 5 years
DXD −1.66SVXY 1.32

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