ProShares Short QQQ (PSQ) belongs to the Inverse Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with PSQ. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PSQ
PSQ charges 0.95% annually. There are 6 ETFs in the Inverse Equities category with lower expense ratios, going as low as 0.50%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily S&P 500 Bear 1x Shares | 0.50% | 221.57M | Jun 2016 | PSQ vs SPDN | |
| Direxion Daily Magnificent 7 Bear 1X Shares | 0.57% | 32.11M | Mar 2024 | PSQ vs QQQD | |
| ProShares Decline of the Retail Store ETF | 0.66% | 3.03M | Nov 2017 | PSQ vs EMTY | |
| Tradr Short Innovation Daily ETF | 0.75% | 47.36M | Nov 2021 | PSQ vs SARK | |
| ProShares Short S&P500 | 0.89% | 1.09B | Jun 2006 | PSQ vs SH |
Best Risk-Adjusted Alternatives to PSQ
PSQ has a PortfoliosLab risk / return rank of 1. There are 52 ETFs in the Inverse Equities category with higher risk-adjusted ranks, going as high as 55.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | 55 | 4.56M | Oct 2024 | PSQ vs NFXS | |
| T-REX 2X Inverse MSTR Daily Target ETF | 34 | 92.68M | Sep 2024 | PSQ vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | 30 | 33.15M | Aug 2024 | PSQ vs SMST | |
| Direxion Daily MSFT Bear 1X Shares | 29 | 8.89M | Sep 2022 | PSQ vs MSFD | |
| -1x Short VIX Futures ETF | 29 | 215.09M | Mar 2022 | PSQ vs SVIX |
Top Performing PSQ Alternatives (YTD)
PSQ is at -13.33% YTD. There are 36 ETFs in the Inverse Equities category with higher YTD returns, going as high as 48.68%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Defiance Daily Target 2X Short PLTR ETF | 48.68% | 16.93M | Jun 2025 | PSQ vs PLTZ | |
| Direxion Daily PLTR Bear 1X Shares | 36.18% | 40.54M | Dec 2024 | PSQ vs PLTD | |
| Direxion Daily NFLX Bear 1X Shares | 24.21% | 4.56M | Oct 2024 | PSQ vs NFXS | |
| Direxion Daily MSFT Bear 1X Shares | 24.19% | 8.89M | Sep 2022 | PSQ vs MSFD | |
| ProShares Short FTSE China 50 | 16.30% | 4.77M | Mar 2010 | PSQ vs YXI |
Lowest Volatility Alternatives to PSQ
PSQ has 17.94% 1-year volatility. There are 10 ETFs in the Inverse Equities category with lower 1-year volatility, going as low as 12.45%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Short Dow30 | 12.45% | 112.04M | Jun 2006 | PSQ vs DOG | |
| ProShares Short S&P500 | 12.46% | 1.09B | Jun 2006 | PSQ vs SH | |
| Direxion Daily S&P 500 Bear 1x Shares | 12.59% | 221.57M | Jun 2016 | PSQ vs SPDN | |
| Direxion Daily BRKB Bear 1X Shares | 13.02% | 2.34M | Dec 2024 | PSQ vs BRKD | |
| Gotham Short Strategies ETF | 13.44% | 12.30M | Jul 2017 | PSQ vs SHRT |
Lowest Drawdown Alternatives to PSQ
PSQ has a 1-year max drawdown of -24.95%. There are 17 ETFs in the Inverse Equities category with shallower 1-year drawdowns, going as shallow as -9.34%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily BRKB Bear 1X Shares | -9.34% | 2.34M | Dec 2024 | PSQ vs BRKD | |
| ProShares Short Financials | -11.14% | 14.07M | Jun 2008 | PSQ vs SEF | |
| AdvisorShares Ranger Equity Bear ETF | -12.26% | 67.03M | Jan 2011 | PSQ vs HDGE | |
| ProShares Short FTSE China 50 | -12.48% | 4.77M | Mar 2010 | PSQ vs YXI | |
| ProShares Decline of the Retail Store ETF | -13.91% | 3.03M | Nov 2017 | PSQ vs EMTY |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, BITO, QLD and span 10 categories. AUM among these funds goes as high as $40B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 53 | 41.43% | 39.74B | Feb 2010 | PSQ vs TQQQ | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -29.93% | 1.42B | Oct 2021 | PSQ vs BITO | |
| ProShares Ultra QQQ | Leveraged Equities | 53 | 29.58% | 14.59B | Jun 2006 | PSQ vs QLD | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 49 | 17.21% | 5.36B | Jun 2009 | PSQ vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 50 | 12.95% | 8.02B | Jun 2006 | PSQ vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 29 | 6.48% | 11.27B | Oct 2013 | PSQ vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 82 | 84.65% | 3.28B | Jan 2007 | PSQ vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -40.31% | 1.83B | Feb 2010 | PSQ vs SQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -22.07% | 265.17M | Oct 2011 | PSQ vs UVXY | |
| Proshares Ultra Bitcoin ETF | Cryptocurrency, Leveraged Cryptocurrency | 2 | -58.07% | 340.85M | Apr 2024 | PSQ vs BITU |
Often Compared With PSQ
Investors most often compare PSQ with QQQ, QID, SPXU. These 20 comparison targets span 15 categories, based on PortfoliosLab usage data.
Compare PSQ with Any Fund or Stock
Compare PSQ with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PSQ with funds that move differently
ProShares Short QQQ alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PSQ.
Explore PSQ Diversifiers