DOG vs SDOW: which held to its multiple?
Over three months against its own daily promise, DOG finished 1.6 points over and SDOW 4.0 points over. ProShares Short Dow30 and ProShares UltraPro Short Dow30.
DOG returned +3.6% while −1 times DIA's move would have been +2.3%
SDOW returned +9.1% while −3 times DIA's move would have been +7.0%
A percentile among the 125 inverse ETFs over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it → How it is computed →
Performance, window by window
| Total return | Multiple would give | Difference | ||||
|---|---|---|---|---|---|---|
| Window | DOG | SDOW | DOG | SDOW | DOG | SDOW |
| 1 month | +4.7% | +14.0% | +4.1% | +12.3% | +0.6 pts | +1.6 pts |
| 3 months | +3.6% | +9.1% | +2.3% | +7.0% | +1.3 pts | +2.1 pts |
| 6 months | −7.0% | −23.2% | −10.0% | −30.1% | +3.1 pts | +6.8 pts |
| 1 year | −5.7% | −24.0% | −11.3% | −33.8% | +5.6 pts | +9.8 pts |
| 3 years | −24.5% | −70.8% | −59.3% | −177.9% | +34.8 pts | +107.2 pts |
| Since launch DOG Jan 2010 · SDOW Feb 2010 | −87.1% | −100.0% | not meaningful | not meaningful | not meaningful | not meaningful |
DOG and SDOW over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
DOG and SDOW on the same fields, as of Sep 30, 2026. Source: ETFIQ.
DOG in plain words
Three months to Sep 30, 2026: DOG returned +3.6% where its own daily promise gave +2.0%, 1.6 points over. Read the multiple against the whole window instead and −1 times DIA's −2.3% implies +2.3%, which makes DOG look 1.3 points over. 0.3 of that is daily compounding, which happens to any −1 times fund over the same path, and the rest is the fund. DOG aims to return -1 times DIA's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not -1 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. DIA moved at 12% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
SDOW in plain words
Three months to Sep 30, 2026: SDOW returned +9.1% where its own daily promise gave +5.1%, 4.0 points over. Read the multiple against the whole window instead and −3 times DIA's −2.3% implies +7.0%, which makes SDOW look 2.1 points over. 1.8 of that is daily compounding, which happens to any −3 times fund over the same path, and the rest is the fund. SDOW aims to return -3 times DIA's move each day, then resets. Over longer, the daily results compound, so the total is not -3 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more.
Questions people ask
- Which came closer to its stated multiple, DOG or SDOW?
- Over the window to Sep 30, 2026, DOG finished 1.3 points from what its multiple implies and SDOW finished 2.1 points from its own, so DOG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are DOG and SDOW levered on the same thing?
- Yes. Both are levered on the Dow 30, DOG at -1 times and SDOW at -3 times the daily move.
- Which one decays faster, DOG or SDOW?
- Decay follows how much the underlying moves about. Over this window DOG’s moved at 12% annualized and SDOW’s at 12%, so DOG has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold DOG or SDOW for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.
ETFIQ, DOG against SDOW, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/dog-vs-sdow
Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.
Cite this page. ETFIQ, DOG against SDOW, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/dog-vs-sdow Free to use with attribution; the underlying files are at Open data.
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- ETFIQ. (Sep 30, 2026). DOG against SDOW. Retrieved from https://etfiq.com/compare/leverage/dog-vs-sdow
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- [DOG against SDOW (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/leverage/dog-vs-sdow)