Gone to the Dogs: 'DOG' ETF Looks to Take a Bite out of the Dow

The DOG ETF, known by its ticker DOG, is an inverse fund designed to provide the opposite daily performance of the Dow Jones Industrial Average. It is not related to the 'dogs of the Dow' strategy. DOG ETF is a short-term trading tool with $215 million in assets and a high expense ratio of 95 basis points. Despite its purpose, it has lost around 75% since its launch over 13 years ago. The fund receives a yellow light in the Bloomberg Intelligence Traffic Light system due to its alternative weighting and one-time inverse strategy.

What is the primary purpose of the DOG ETF?

• To follow the 'Dogs of the Dow' strategy

• To track the performance of technology stocks

• To provide a one-day inverse bet against the Dow Jones Industrial Average

• To invest in high dividend payers

Which of the following companies is NOT included in the DOG ETF's inverse daily performance?

• Exxon Mobil

• Apple

• Disney

• Tesla

What is the expense ratio of the DOG ETF?

• 100 basis points

• 95 basis points

• 50 basis points

• 75 basis points

Why is the long-term performance of the DOG ETF considered mostly irrelevant?

• It has a stable performance over the years

• It consistently outperforms the market

• It is meant to be a short-term trading tool

• It is designed for long-term investment

What rating does the DOG ETF receive in the Bloomberg Intelligence Traffic Light system?

• Blue light

• Yellow light

• Green light

• Red light