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?

How does the Dog ETF relate to the Dow Jones Industrial Average?

Why might the high expense ratio of the Dog ETF not be a major concern for investors?

What is the significance of the 75% loss mentioned in the text?

What does the term 'inverse strategy' refer to in the context of the Dog ETF?