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IUSV vs. PSQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IUSV vs. PSQ

Last updated Jul 14, 2026
Documentation

IUSV (iShares Core S&P U.S. Value ETF) and PSQ (ProShares Short QQQ) are both exchange-traded funds - IUSV is a Large Cap Value Equities fund tracking the S&P 900 Value Index, while PSQ is a Inverse Equities fund tracking the NASDAQ-100 Index (-100%). Both are passively managed. Over the past 10 years, IUSV returned 11.73%/yr vs -18.71%/yr for PSQ. At a correlation of -0.72, they often move in opposite directions. IUSV charges 0.04%/yr vs 0.95%/yr for PSQ.

Performance

IUSV vs. PSQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P U.S. Value ETF (IUSV) 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, IUSV achieves a 9.97% return, which is significantly higher than PSQ's -12.96% return. Over the past 10 years, IUSV has outperformed PSQ with an annualized return of 11.73%, while PSQ has yielded a comparatively lower -18.71% annualized return.

IUSV

1D
0.15%
1M
1.31%
6M
7.21%
YTD
9.97%
1Y
18.63%
3Y*
14.24%
5Y*
11.41%
10Y*
11.73%

PSQ

1D
1.93%
1M
1.24%
6M
-11.29%
YTD
-12.96%
1Y
-19.78%
3Y*
-16.20%
5Y*
-12.44%
10Y*
-18.71%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IUSV vs. PSQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IUSV
iShares Core S&P U.S. Value ETF		9.97%12.85%12.18%21.73%-5.40%25.22%1.56%31.47%-9.21%15.09%
PSQ
ProShares Short QQQ		-12.96%-15.51%-15.68%-32.01%36.40%-24.84%-41.23%-27.49%-2.34%-24.77%

Correlation

The correlation between IUSV and PSQ is -0.55, 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

-0.55

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

-0.58

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

-0.67

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

-0.64

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

-0.72

The correlation between IUSV and PSQ shifts across timeframes, from -0.72 (all time) to -0.55 (1 year), reflecting how their relationship changes across market environments.

IUSV vs. PSQ - Sectors Allocation Comparison

Sectors
IUSV
PSQ

Technology

21.7%

-

Financial Services

14.9%
83.3%

Consumer Cyclical

11.2%

-

Healthcare

11.1%

-

Industrials

10.9%

-

Consumer Defensive

8.7%

-

Energy

7.0%

-

Utilities

4.3%

-

Real Estate

3.7%

-

Basic Materials

3.5%

-

Communication Services

3.0%

-

Technology

IUSV
21.7%
PSQ

-

Financial Services

IUSV
14.9%
PSQ
83.3%

Consumer Cyclical

IUSV
11.2%
PSQ

-

Healthcare

IUSV
11.1%
PSQ

-

Industrials

IUSV
10.9%
PSQ

-

Consumer Defensive

IUSV
8.7%
PSQ

-

Energy

IUSV
7.0%
PSQ

-

Utilities

IUSV
4.3%
PSQ

-

Real Estate

IUSV
3.7%
PSQ

-

Basic Materials

IUSV
3.5%
PSQ

-

Communication Services

IUSV
3.0%
PSQ

-

Compare stocks, funds, or ETFs

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iShares Core S&P U.S. Value ETF

ProShares Short QQQ

Often compared with IUSV:
IUSV vs. IUSGIUSV vs. VTVIUSV vs. SPYIUSV vs. VOOIUSV vs. SCHDIUSV vs. VLUEIUSV vs. DGRO
Often compared with PSQ:
PSQ vs. SQQQPSQ vs. QQQPSQ vs. QIDPSQ vs. SPXUPSQ vs. TQQQPSQ vs. DOGPSQ vs. SPY

Return for Risk

IUSV vs. PSQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IUSV
IUSV Risk / Return Rank: 7373
Overall Rank
IUSV Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
IUSV Sortino Ratio Rank: 7373
Sortino Ratio Rank
IUSV Omega Ratio Rank: 7272
Omega Ratio Rank
IUSV Calmar Ratio Rank: 7373
Calmar Ratio Rank
IUSV Martin Ratio Rank: 7575
Martin Ratio Rank
PSQ
PSQ Risk / Return Rank: 11
Overall Rank
PSQ Sharpe Ratio Rank: 11
Sharpe Ratio Rank
PSQ Sortino Ratio Rank: 22
Sortino Ratio Rank
PSQ Omega Ratio Rank: 22
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.

IUSV vs. PSQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P U.S. Value ETF (IUSV) 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.

IUSVPSQDifference
Sharpe ratioReturn per unit of total volatility
1.87
-1.07

+2.94

Sortino ratioReturn per unit of downside risk
2.63
-1.54

+4.17

Omega ratioGain probability vs. loss probability

1.34

0.83

+0.51

Calmar ratioReturn relative to maximum drawdown

2.94

-0.80

+3.74

Martin ratioReturn relative to average drawdown

11.19

-1.67

+12.86

IUSV vs. PSQ - Sharpe Ratio Comparison

The current IUSV Sharpe Ratio is 1.87, which is higher than the PSQ Sharpe Ratio of -1.07. The chart below compares the historical Sharpe Ratios of IUSV 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

IUSV vs. PSQ - Drawdown Comparison

The maximum IUSV drawdown since its inception was -56.88%, smaller than the maximum PSQ drawdown of -98.26%. Use the drawdown chart below to compare losses from any high point for IUSV and PSQ.

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Drawdown Indicators

IUSVPSQDifference

Max Drawdown

Largest peak-to-trough decline

-56.88%

-98.26%

+41.38%

Max Drawdown (1Y)

Largest decline over 1 year

-6.36%

-24.83%

+18.47%

Max Drawdown (3Y)

Largest decline over 3 years

-17.76%

-49.65%

+31.89%

Max Drawdown (5Y)

Largest decline over 5 years

-17.95%

-60.91%

+42.96%

Max Drawdown (10Y)

Largest decline over 10 years

-37.54%

-87.94%

+50.40%

Current Drawdown

Current decline from peak

-0.02%

-98.18%

+98.16%

Average Drawdown

Average peak-to-trough decline

-6.27%

-74.08%

+67.81%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.67%

11.88%

-10.21%

Volatility

IUSV vs. PSQ - Volatility Comparison

The current volatility for iShares Core S&P U.S. Value ETF (IUSV) is 2.58%, while ProShares Short QQQ (PSQ) has a volatility of 8.62%. This indicates that IUSV 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

IUSVPSQDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.58%

8.62%

-6.04%

Volatility (6M)

Calculated over the trailing 6-month period

7.29%

15.32%

-8.03%

Volatility (1Y)

Calculated over the trailing 1-year period

10.03%

18.59%

-8.56%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.50%

22.82%

-8.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.98%

22.40%

-5.42%

IUSV vs. PSQ - Expense Ratio Comparison

IUSV has a 0.04% expense ratio, which is lower than PSQ's 0.95% expense ratio.

Dividends

IUSV vs. PSQ - Dividend Comparison

IUSV's dividend yield for the trailing twelve months is around 1.67%, less than PSQ's 4.40% yield.

PositionTTM20252024202320222021202020192018201720162015
IUSV
iShares Core S&P U.S. Value ETF		1.67%1.78%2.15%1.75%2.22%1.87%2.40%2.19%2.67%1.93%4.44%7.63%
PSQ
ProShares Short QQQ		4.40%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

IUSV and PSQ have a correlation of -0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PSQ has higher volatility (8.62%) compared to IUSV (2.58%). In terms of maximum drawdown, IUSV dropped -56.88% vs PSQ's -98.26%.

On 10-year performance, IUSV leads with 11.73% vs -18.71% for PSQ. On fees, IUSV is cheaper at 0.04% per year. On volatility, IUSV has been the lower-risk option at 2.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IUSV has performed better with a 11.73% return vs -18.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IUSV is cheaper with a 0.04% expense ratio, compared with 0.95% for PSQ.

PSQ has the higher dividend yield at 4.40%, compared with 1.67% for IUSV.

IUSV is categorized as Large Cap Value Equities, while PSQ is Inverse Equities. IUSV tracks S&P 900 Value Index, while PSQ tracks NASDAQ-100 Index (-100%). They also come from different issuers: iShares and ProShares. Their fees differ too: 0.04% for IUSV and 0.95% for PSQ.

IUSV currently has the higher Sharpe Ratio (1.87 vs -1.07), 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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