DOG 1x Short
ProShares Short Dow30
Shorts: Dow Jones (DIA)
Expense Ratio
0.95%
Leverage
1x Inverse
Issuer
ProShares
Inception
Jun 2006
DOG ETF Quick Answer
DOG is the ProShares Short Dow30 ETF. It targets the inverse (-1x) of the Dow Jones Industrial Average for one trading day, before fees and expenses. It is the lower-leverage Dow short ETF on ShortAssets; DXD is 2x and SDOW is 3x.
Next step: use the Dow Jones short ETF calculator, then verify current NAV, market price, bid-ask spread, holdings, distributions, and net expense ratio on the official ProShares DOG page.
DOG vs DXD vs SDOW
| Ticker | Daily Target | Best fit | Check before trading |
|---|---|---|---|
| DOG | -1x Dow Jones | Lower-leverage Dow hedge or tactical bearish view. | Official price/NAV, distribution status, options availability, and bid-ask spread. |
| DXD | -2x Dow Jones | More aggressive one-day Dow exposure than DOG. | Daily reset impact and position size versus DOG. |
| SDOW | -3x Dow Jones | Highest-leverage short Dow Jones ETF on this site. | Whether the trade thesis is short enough for 3x daily compounding risk. |
Inverse ETF Risk
DOG is an inverse ETF designed for short-term hedging and trading. It resets daily and may not track the inverse of its index over longer periods.
What DOG Shorts
The DOG ETF shorts the Dow Jones Industrial Average (DJIA), a price-weighted index of 30 large U.S. blue-chip companies.
It is a 1x inverse ETF designed to deliver the opposite of the daily performance of the Dow Jones Industrial Average, typically by using derivatives like swaps and futures.
Official Source Checks
- Objective: ProShares states that DOG seeks daily results corresponding to the inverse (-1x) of the Dow Jones Industrial Average before fees and expenses.
- Costs: The official ProShares page is the source to confirm the current gross and net expense ratios; the site currently lists DOG at 0.95% net expense ratio.
- Price and liquidity: Check current NAV, market price, trading volume, bid-ask spread, premium/discount, distributions, and options availability before using DOG for a live trade.
Key Risks
- Daily Reset Risk: Designed for daily goals, compounding can cause significant drift from the inverse of the index's long-term performance.
- High Expense Ratio: The 0.95% fee is high for an index fund and erodes returns over time.
- Market Direction Risk: If the Dow rises, the ETF loses value; it is not a buy-and-hold investment.
- Counterparty Risk: Relies on derivatives contracts with other financial institutions that could fail.
- Volatility Decay: In volatile but sideways markets, the ETF can lose value due to the daily rebalancing.
Best Use Cases
- Short-term hedging for investors with concentrated long exposure to Dow components.
- Tactical bearish bets by traders anticipating a short-term decline in the Dow Jones.
- Portfolio diversification to offset losses in a broad market downturn over a brief period.