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BRK-B vs. PSQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BRK-B vs. PSQ

Last updated Jun 13, 2026

BRK-B (Berkshire Hathaway Inc.) is a stock, while PSQ (ProShares Short QQQ) is Inverse Equities fund tracking the NASDAQ-100 Index (-100%). Over the past 10 years, BRK-B returned 13.22%/yr vs -19.15%/yr for PSQ. At a correlation of -0.48, they often move in opposite directions.

Performance

BRK-B vs. PSQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Berkshire Hathaway Inc. (BRK-B) and ProShares Short QQQ (PSQ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BRK-B achieves a -2.67% return, which is significantly higher than PSQ's -14.02% return. Over the past 10 years, BRK-B has outperformed PSQ with an annualized return of 13.22%, while PSQ has yielded a comparatively lower -19.15% annualized return.

BRK-B

1D
0.71%
1M
1.07%
YTD
-2.67%
6M
-2.06%
1Y
0.35%
3Y*
13.30%
5Y*
11.27%
10Y*
13.22%

PSQ

1D
-0.65%
1M
-0.23%
YTD
-14.02%
6M
-14.04%
1Y
-24.40%
3Y*
-17.58%
5Y*
-13.78%
10Y*
-19.15%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BRK-B vs. PSQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BRK-B
Berkshire Hathaway Inc.		-2.67%10.89%27.09%15.46%3.31%28.95%2.37%10.93%3.01%21.62%
PSQ
ProShares Short QQQ		-14.02%-15.51%-15.68%-32.01%36.40%-24.84%-41.23%-27.49%-2.34%-24.77%

Correlation

The correlation between BRK-B and PSQ is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.05

Correlation (3Y)
Calculated over the trailing 3-year period

-0.17

Correlation (5Y)
Calculated over the trailing 5-year period

-0.35

Correlation (10Y)
Calculated over the trailing 10-year period

-0.42

Correlation (All Time)
Calculated using the full available price history since Jun 21, 2006

-0.48

The correlation between BRK-B and PSQ shifts across timeframes, from -0.48 (all time) to 0.05 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Berkshire Hathaway Inc.

ProShares Short QQQ

Often compared with BRK-B:
BRK-B vs. SPYBRK-B vs. VOOBRK-B vs. BRK-ABRK-B vs. QQQBRK-B vs. ^NDXBRK-B vs. VTIBRK-B vs. VGT
Often compared with PSQ:
PSQ vs. SQQQPSQ vs. QQQPSQ vs. QIDPSQ vs. SPXUPSQ vs. TQQQPSQ vs. DOGPSQ vs. QLD

Return for Risk

BRK-B vs. PSQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BRK-B
BRK-B Risk / Return Rank: 3939
Overall Rank
BRK-B Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
BRK-B Sortino Ratio Rank: 3434
Sortino Ratio Rank
BRK-B Omega Ratio Rank: 3333
Omega Ratio Rank
BRK-B Calmar Ratio Rank: 4242
Calmar Ratio Rank
BRK-B Martin Ratio Rank: 4242
Martin Ratio Rank
PSQ
PSQ Risk / Return Rank: 11
Overall Rank
PSQ Sharpe Ratio Rank: 00
Sharpe Ratio Rank
PSQ Sortino Ratio Rank: 11
Sortino Ratio Rank
PSQ Omega Ratio Rank: 11
Omega Ratio Rank
PSQ Calmar Ratio Rank: 22
Calmar Ratio Rank
PSQ Martin Ratio Rank: 00
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BRK-B vs. PSQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Berkshire Hathaway Inc. (BRK-B) and ProShares Short QQQ (PSQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

BRK-BPSQDifference
Sharpe ratioReturn per unit of total volatility
-0.02
-1.36

+1.35

Sortino ratioReturn per unit of downside risk
0.08
-2.04

+2.12

Omega ratioGain probability vs. loss probability

1.01

0.78

+0.23

Calmar ratioReturn relative to maximum drawdown

-0.02

-0.87

+0.85

Martin ratioReturn relative to average drawdown

-0.05

-1.81

+1.76

BRK-B vs. PSQ - Sharpe Ratio Comparison

The current BRK-B Sharpe Ratio is -0.02, which is higher than the PSQ Sharpe Ratio of -1.36. The chart below compares the historical Sharpe Ratios of BRK-B and PSQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

BRK-B vs. PSQ - Drawdown Comparison

The maximum BRK-B drawdown since its inception was -53.86%, smaller than the maximum PSQ drawdown of -98.26%. Use the drawdown chart below to compare losses from any high point for BRK-B and PSQ.

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Drawdown Indicators

BRK-BPSQDifference

Max Drawdown

Largest peak-to-trough decline

-53.86%

-98.26%

+44.40%

Max Drawdown (1Y)

Largest decline over 1 year

-9.42%

-26.86%

+17.44%

Max Drawdown (3Y)

Largest decline over 3 years

-14.95%

-49.65%

+34.70%

Max Drawdown (5Y)

Largest decline over 5 years

-26.58%

-60.91%

+34.33%

Max Drawdown (10Y)

Largest decline over 10 years

-29.57%

-88.98%

+59.41%

Current Drawdown

Current decline from peak

-9.36%

-98.20%

+88.84%

Average Drawdown

Average peak-to-trough decline

-11.07%

-73.99%

+62.92%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.53%

12.96%

-8.43%

Volatility

BRK-B vs. PSQ - Volatility Comparison

The current volatility for Berkshire Hathaway Inc. (BRK-B) is 3.95%, while ProShares Short QQQ (PSQ) has a volatility of 7.39%. This indicates that BRK-B experiences smaller price fluctuations and is considered to be less risky than PSQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BRK-BPSQDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.95%

7.39%

-3.44%

Volatility (6M)

Calculated over the trailing 6-month period

10.78%

13.75%

-2.97%

Volatility (1Y)

Calculated over the trailing 1-year period

14.38%

17.23%

-2.85%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.12%

22.59%

-5.47%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.44%

22.34%

-2.90%

Dividends

BRK-B vs. PSQ - Dividend Comparison

BRK-B has not paid dividends to shareholders, while PSQ's dividend yield for the trailing twelve months is around 5.09%.

PositionTTM202520242023202220212020201920182017
BRK-B
Berkshire Hathaway Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PSQ
ProShares Short QQQ		5.09%4.97%7.15%6.01%0.35%0.00%0.31%1.75%0.95%0.02%

Frequently Asked Questions

BRK-B and PSQ have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PSQ has higher volatility (7.39%) compared to BRK-B (3.95%). In terms of maximum drawdown, BRK-B dropped -53.86% vs PSQ's -98.26%.

BRK-B currently has the higher Sharpe Ratio (-0.02 vs -1.36), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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