SH vs DOG Stock Comparison: AI Score, Valuation, Performance and Upside
SH and DOG both target inverse equity (-1x) exposure but take different paths to get there — SH via the S&P 500 Index (-1x daily), and DOG via the Dow Jones Industrial Average (-1x daily). The practical differences come down to issuer, cost structure, and the specific index rules each fund follows, since both are pursuing a similar investment outcome.
SH vs DOG is largely a question of which issuer and index methodology you trust more for inverse equity (-1x) exposure — the underlying investment case is similar, so cost, liquidity, and tracking precision tend to be the deciding factors.
SH holds the edge across 3 of 5 key metrics in this comparison. DOG has delivered stronger 1-year price return (-8.32% vs -9.81% for SH).
- want unleveraged, -1x daily inverse exposure to the S&P 500
- prefer ProShares's approach and fund lineup
- value simpler, unleveraged inverse exposure with less compounding decay risk than leveraged inverse funds
- are comfortable with still suffers compounding decay over extended holding periods in volatile markets
- want unleveraged, -1x daily inverse exposure to the Dow 30
- prefer ProShares's approach and fund lineup
- value simpler, unleveraged inverse exposure with less compounding decay than leveraged funds
- are comfortable with still suffers compounding decay over extended holding periods in volatile markets
| Metric | SH | DOG |
|---|---|---|
| ETF scorei | 21.4 | 21.5 |
| Latest closei | $32.47 | $21.89 |
| 1M returni | -0.93% | -0.42% |
| 3M returni | -1.50% | +1.36% |
| 6M returni | -4.93% | -3.05% |
| 1Y returni | -9.81% | -8.32% |
The ETF score weights long-term returns and risk-adjusted performance most heavily, but still rewards low expense ratios, larger fund size, and broader diversification — so it can favor low-cost, broad, mega-cap funds over smaller thematic or actively-managed funds even when the latter have delivered stronger returns.
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | SH | DOG |
|---|---|---|
| 1Y ago | $9.36K (-6.4%) started 2025-10-16 | $9.45K (-5.5%) started 2025-10-16 |
| 5Y ago | $8.18K (-18.2%) started 2021-10-18 | $9.15K (-8.5%) started 2021-10-18 |
| 10Y ago | $3.28K (-67.2%) started 2016-10-17 | $3.79K (-62.1%) started 2016-10-17 |
Hypothetical — past performance does not guarantee future results.
| Metric | SH | DOG |
|---|---|---|
| Expense ratioi | 0.88% | 0.95% |
| Total assets (AUM)i | $1.02B | $101.9M |
| Dividend yieldi | 3.92% | 3.11% |
| Trailing P/Ei | N/A | N/A |
| Betai | -0.98 | -0.83 |
| 52-week change | -9.81% | -8.32% |
| Metric | SH | DOG |
|---|---|---|
| 1Y returni | -9.81% | -8.32% |
| 6M returni | -4.93% | -3.05% |
| 3M returni | -1.50% | +1.36% |
| 1M returni | -0.93% | -0.42% |
| 1Y Sharpe ratio | -1.11 | -0.98 |
| Betai | -0.98 | -0.83 |
| Dividend yieldi | 3.92% | 3.11% |
| 5Y CAGR | -7.73% | -4.96% |
Over the past year, SH and DOG have moved strongly in the same direction (correlation of 0.83), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | SH | DOG |
|---|---|---|---|
| 1Y | Growthi | -9.81% | -8.32% |
| CAGRi | -9.82% | -8.32% | |
| Volatilityi | 12.62% | 12.65% | |
| Sharpe ratioi | -1.11 | -0.98 | |
| Sortino ratioi | -1.51 | -1.32 | |
| Max drawdowni | 17.49% | 15.97% | |
| Current drawdowni | 15.23% | 11.37% | |
| Avg drawdowni | 9.16% | 7.95% | |
| Ulcer Indexi | 10.92% | 9.06% | |
| Max daily dropi | 2.82% | 2.80% | |
| Max wkly dropi | 5.16% | 5.00% | |
| 5Y | Growthi | -33.07% | -22.45% |
| CAGRi | -7.73% | -4.96% | |
| Volatilityi | 16.92% | 14.79% | |
| Sharpe ratioi | -0.66 | -0.58 | |
| Sortino ratioi | -0.91 | -0.80 | |
| Max drawdowni | 45.47% | 37.28% | |
| Current drawdowni | 43.98% | 33.84% | |
| Avg drawdowni | 23.18% | 18.83% | |
| Ulcer Indexi | 26.95% | 21.32% | |
| Max daily dropi | 9.35% | 7.79% | |
| Max wkly dropi | 8.45% | 7.29% | |
| 10Y | Growthi | -74.07% | -68.80% |
| CAGRi | -12.63% | -11.00% | |
| Volatilityi | 18.02% | 17.50% | |
| Sharpe ratioi | -0.91 | -0.84 | |
| Sortino ratioi | -1.29 | -1.18 | |
| Max drawdowni | 75.23% | 70.70% | |
| Current drawdowni | 74.55% | 69.09% | |
| Avg drawdowni | 49.09% | 48.84% | |
| Ulcer Indexi | 53.18% | 51.85% | |
| Max daily dropi | 9.35% | 11.13% | |
| Max wkly dropi | 16.11% | 18.33% |
| Category | SH | DOG |
|---|---|---|
| Fund name | ProShares Short S&P500 | ProShares Short Dow30 |
| Type | ETF | ETF |
| Expense ratioi | 0.88% | 0.95% |
| Total assets (AUM)i | $1.02B | $101.9M |
| Dividend yieldi | 3.92% | 3.11% |
- Simpler, unleveraged inverse exposure with less compounding decay risk than leveraged inverse funds
- Useful as a portfolio hedge without using margin or short-selling directly
- Highly liquid among inverse ETFs
- Simpler, unleveraged inverse exposure with less compounding decay than leveraged funds
- Useful as a portfolio hedge without using margin or short-selling directly
- Direct inverse exposure to the specific Dow 30 basket
- Still suffers compounding decay over extended holding periods in volatile markets
- Designed for short-term tactical use, not long-term holding
- Loses money in any period the S&P 500 rises
- Still suffers compounding decay over extended holding periods in volatile markets
- Designed for short-term tactical use, not long-term holding
- Loses money in any period the Dow 30 rises
Compare more than two at a time
This page is a fixed writeup on SH and DOG. Our comparison engine is the interactive version: load up to five tickers, switch timeframes, and get the correlation, drawdown, and overlap analysis that a static page can't show.
Add three more names beside SH and DOG, mixing stocks and ETFs in the same table — useful when the real question is which of a whole peer group to own.
AI score, forward P/E, analyst target upside, operating margin, and revenue growth are scored head-to-head, with a running tally of which ticker leads on how many metrics.
Volatility, Sharpe and Sortino ratios, maximum, current, and average drawdown, Ulcer Index, and worst single-day and single-week drops across every timeframe.
Pairwise daily-return correlation for every combination, so you can see whether two holdings actually diversify each other or just move together.
A scatter plot of forward P/E against return on equity, plus drawdown and 30-day rolling volatility charts, to separate what is cheap from what is merely beaten down.
For ETFs, a top-holdings comparison that exposes hidden overlap between funds. Every comparison exports to CSV for your own spreadsheet work.
Two comparisons a week are free without an account. A 14-day trial removes the limit and adds AI price forecasts, stock rankings, saved watchlists, and the intrinsic value calculator — no credit card required.
Want deeper AI forecasts?
This comparison page is public and free forever. Subscribers can unlock saved watchlists, full AI rankings, detailed forecasts, and interactive analysis tools.