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ProShares Short Dow30 (DOG)



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Upturn Advisory Summary
03/27/2025: DOG (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type ETF | Historic Profit -16.11% | Avg. Invested days 30 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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Key Highlights
Volume (30-day avg) 2377773 | Beta -0.89 | 52 Weeks Range 24.78 - 28.57 | Updated Date 03/28/2025 |
52 Weeks Range 24.78 - 28.57 | Updated Date 03/28/2025 |
Upturn AI SWOT
ProShares Short Dow30
ETF Overview
Overview
ProShares Short Dow30 (DOG) seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Dow Jones Industrial Average. It uses financial derivatives such as swap agreements to achieve this inverse correlation. It is designed for investors seeking to profit from a short-term decline in the Dow Jones Industrial Average.
Reputation and Reliability
ProShares is a well-known issuer of leveraged and inverse ETFs, with a track record of providing various specialized investment products. They are generally considered reliable, but the complexity of their offerings requires investor understanding.
Management Expertise
ProShares has a specialized management team experienced in structuring and managing leveraged and inverse ETFs, including expertise in financial derivatives.
Investment Objective
Goal
To deliver daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Dow Jones Industrial Average.
Investment Approach and Strategy
Strategy: The ETF employs a daily reset strategy, using derivatives to achieve its inverse exposure. It does not attempt to track the inverse performance of the Dow Jones Industrial Average over periods longer than one day.
Composition The ETF primarily holds swap agreements and other derivatives designed to deliver the inverse daily return of the Dow Jones Industrial Average.
Market Position
Market Share: ProShares Short Dow30's market share is specific to inverse Dow Jones Industrial Average ETFs, representing a segment of the broader inverse equity ETF market.
Total Net Assets (AUM): 161300000
Competitors
Key Competitors
- SDS
- SH
- SPXU
Competitive Landscape
The inverse ETF market is moderately competitive, with several providers offering similar products. DOG's advantage lies in its specific focus on the Dow Jones Industrial Average. Disadvantages include the daily reset feature, which can lead to performance erosion over longer periods.
Financial Performance
Historical Performance: Historical performance is highly dependent on the Dow Jones Industrial Average's performance. During periods of market decline, DOG will typically exhibit positive returns, and vice-versa. Performance data is available from various financial data providers.
Benchmark Comparison: The benchmark is the inverse of the daily performance of the Dow Jones Industrial Average. The ETF's performance should closely mirror this benchmark on a daily basis before accounting for fees and expenses.
Expense Ratio: 0.95
Liquidity
Average Trading Volume
The average daily trading volume provides sufficient liquidity for most investors, but it is wise to monitor the volume prior to making large trades.
Bid-Ask Spread
The bid-ask spread is generally tight, but may widen during periods of market volatility which could affect execution costs.
Market Dynamics
Market Environment Factors
Economic downturns, market corrections, and geopolitical events that negatively impact the Dow Jones Industrial Average typically benefit DOG. Conversely, economic growth and positive market sentiment will likely lead to negative performance.
Growth Trajectory
The growth trajectory is linked to market volatility and investor sentiment toward the Dow Jones Industrial Average. The strategy and holdings remain relatively consistent.
Moat and Competitive Advantages
Competitive Edge
ProShares Short Dow30 benefits from its specialized structure, providing a straightforward mechanism for investors to bet against the Dow Jones Industrial Average. Its brand recognition and established presence in the inverse ETF market can provide a competitive edge. The focused investment approach makes it ideal for investors with strong directional views on the Dow. It is suited for short-term tactical allocations rather than long-term investments because of the daily reset.
Risk Analysis
Volatility
ProShares Short Dow30 has high volatility, primarily due to its inverse exposure and daily reset feature. Investors should expect significant price fluctuations.
Market Risk
The primary risk is market risk, specifically the risk that the Dow Jones Industrial Average will increase in value, leading to losses for the ETF. The daily reset feature can also lead to compounding errors over longer periods.
Investor Profile
Ideal Investor Profile
The ideal investor is a sophisticated trader or investor with a short-term negative outlook on the Dow Jones Industrial Average. This investor should understand the complexities and risks associated with leveraged and inverse ETFs.
Market Risk
ProShares Short Dow30 is best suited for active traders and short-term investors who seek to profit from daily declines in the Dow Jones Industrial Average. It is not suitable for long-term investors due to the potential for performance erosion from the daily reset.
Summary
ProShares Short Dow30 (DOG) is an inverse ETF designed to deliver the opposite of the daily performance of the Dow Jones Industrial Average. It employs derivatives to achieve this goal. It is a high-risk, high-reward instrument best suited for sophisticated investors with a short-term negative outlook on the Dow. The daily reset feature makes it unsuitable for long-term buy-and-hold strategies.
Similar Companies
- SH
- DXD
- SDOW
- RWM
Sources and Disclaimers
Data Sources:
- ProShares official website
- SEC filings
- Morningstar
- Yahoo Finance
- Bloomberg
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results. Leveraged and inverse ETFs are complex investment products and may not be suitable for all investors.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ProShares Short Dow30
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index is a price-weighted index and includes 30 large-cap, blue-chip U.S. stocks, excluding utility and transportation companies. The fund is non-diversified.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.