IBN vs. PSQ
IBN (ICICI Bank Limited) is a stock, while PSQ (ProShares Short QQQ) is Inverse Equities fund tracking the NASDAQ-100 Index (-100%). Over the past 10 years, IBN returned 16.38%/yr vs -19.15%/yr for PSQ. At a correlation of -0.45, they often move in opposite directions.
Performance
IBN vs. PSQ - Performance Comparison
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Returns By Period
In the year-to-date period, IBN achieves a -6.74% return, which is significantly higher than PSQ's -14.02% return. Over the past 10 years, IBN has outperformed PSQ with an annualized return of 16.38%, while PSQ has yielded a comparatively lower -19.15% annualized return.
IBN
- 1D
- 1.20%
- 1M
- 6.15%
- YTD
- -6.74%
- 6M
- -8.10%
- 1Y
- -15.35%
- 3Y*
- 7.22%
- 5Y*
- 10.36%
- 10Y*
- 16.38%
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%
IBN vs. PSQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBN ICICI Bank Limited | -6.74% | 0.57% | 26.32% | 9.80% | 11.27% | 33.57% | -1.52% | 47.01% | 6.25% | 44.03% |
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 IBN and PSQ is -0.24, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.37 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2006 | -0.45 |
Over the past year, the inverse relationship between IBN and PSQ has weakened: their correlation has moved from -0.45 to -0.24, meaning they move in opposite directions less often than they have historically.
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Return for Risk
IBN vs. PSQ — Risk / Return Rank
IBN
PSQ
IBN vs. PSQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ICICI Bank Limited (IBN) 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.
| IBN | PSQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.78 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | -0.87 | +0.25 |
| Martin ratioReturn relative to average drawdown | -1.20 | -1.81 | +0.61 |
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Drawdowns
IBN vs. PSQ - Drawdown Comparison
The maximum IBN drawdown since its inception was -86.09%, smaller than the maximum PSQ drawdown of -98.26%. Use the drawdown chart below to compare losses from any high point for IBN and PSQ.
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Drawdown Indicators
| IBN | PSQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.09% | -98.26% | +12.17% |
Max Drawdown (1Y)Largest decline over 1 year | -26.20% | -26.86% | +0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -26.20% | -49.65% | +23.45% |
Max Drawdown (5Y)Largest decline over 5 years | -26.24% | -60.91% | +34.67% |
Max Drawdown (10Y)Largest decline over 10 years | -55.05% | -88.98% | +33.93% |
Current DrawdownCurrent decline from peak | -18.62% | -98.20% | +79.58% |
Average DrawdownAverage peak-to-trough decline | -28.00% | -73.99% | +45.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.71% | 12.96% | +0.75% |
Volatility
IBN vs. PSQ - Volatility Comparison
The current volatility for ICICI Bank Limited (IBN) is 6.66%, while ProShares Short QQQ (PSQ) has a volatility of 7.39%. This indicates that IBN 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
| IBN | PSQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.66% | 7.39% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 17.03% | 13.75% | +3.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.68% | 17.23% | +3.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.64% | 22.59% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.63% | 22.34% | +9.29% |
Dividends
IBN vs. PSQ - Dividend Comparison
IBN's dividend yield for the trailing twelve months is around 0.90%, less than PSQ's 5.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBN ICICI Bank Limited | 0.90% | 0.84% | 0.80% | 0.81% | 0.57% | 0.27% | 0.00% | 0.19% | 0.43% | 0.79% | 1.98% | 4.01% |
PSQ ProShares Short QQQ | 5.09% | 4.97% | 7.15% | 6.01% | 0.35% | 0.00% | 0.31% | 1.75% | 0.95% | 0.02% | 0.00% | 0.00% |
Frequently Asked Questions
IBN and PSQ have a correlation of -0.24, 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 IBN (6.66%). In terms of maximum drawdown, IBN dropped -86.09% vs PSQ's -98.26%.
IBN currently has the higher Sharpe Ratio (-0.80 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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