MANH vs. PSQ
MANH (Manhattan Associates, Inc.) is a stock, while PSQ (ProShares Short QQQ) is Inverse Equities fund tracking the NASDAQ-100 Index (-100%). Over the past 10 years, MANH returned 12.74%/yr vs -18.20%/yr for PSQ. Their -0.58 correlation means they have often moved in opposite directions in the past.
Performance
MANH vs. PSQ - Performance Comparison
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Returns By Period
In the year-to-date period, MANH achieves a 10.41% return, which is significantly higher than PSQ's -9.94% return. Over the past 10 years, MANH has outperformed PSQ with an annualized return of 12.74%, while PSQ has yielded a comparatively lower -18.20% annualized return.
MANH
- 1D
- 0.20%
- 1M
- 30.70%
- 6M
- 26.72%
- YTD
- 10.41%
- 1Y
- -12.88%
- 3Y*
- -0.04%
- 5Y*
- 3.69%
- 10Y*
- 12.74%
- ALL TIME*
- 12.71%
PSQ
- 1D
- -0.59%
- 1M
- 5.59%
- 6M
- -9.19%
- YTD
- -9.94%
- 1Y
- -15.69%
- 3Y*
- -15.05%
- 5Y*
- -11.74%
- 10Y*
- -18.20%
- ALL TIME*
- -16.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $192.14M | $150.10M | $107.01M | |
| $270.27M | $217.80M | $219.49M |
MANH vs. PSQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MANH Manhattan Associates, Inc. | 10.41% | -35.87% | 25.51% | 77.36% | -21.92% | 47.83% | 31.89% | 88.22% | -14.47% | -6.58% |
PSQ ProShares Short QQQ | -9.94% | -15.51% | -15.68% | -32.01% | 36.40% | -24.84% | -41.23% | -27.49% | -2.34% | -24.77% |
Correlation
The correlation between MANH and PSQ is -0.14, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.14 |
Correlation (3Y) Balances recent behavior with more history. | -0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.57 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.55 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2006 | -0.58 |
Over the past year, the inverse relationship between MANH and PSQ has weakened: their correlation has moved from -0.58 to -0.14, meaning they move in opposite directions less often than they have historically.
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Return for Risk
MANH vs. PSQ — Risk / Return Rank
MANH
PSQ
MANH vs. PSQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manhattan Associates, Inc. (MANH) 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.
| MANH | PSQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.88 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | -0.63 | +0.35 |
| Martin ratioReturn relative to average drawdown | -0.47 | -1.23 | +0.76 |
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Drawdowns
MANH vs. PSQ - Drawdown Comparison
The maximum MANH drawdown since its inception was -87.04%, smaller than the maximum PSQ drawdown of -98.26%. Use the drawdown chart below to compare losses from any high point for MANH and PSQ.
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Drawdown Indicators
| MANH | PSQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.04% | -98.26% | +11.22% |
Max Drawdown (1Y)Largest decline over 1 year | -45.10% | -24.83% | -20.27% |
Max Drawdown (3Y)Largest decline over 3 years | -60.98% | -49.65% | -11.33% |
Max Drawdown (5Y)Largest decline over 5 years | -60.98% | -60.91% | -0.07% |
Max Drawdown (10Y)Largest decline over 10 years | -60.98% | -87.66% | +26.68% |
Current DrawdownCurrent decline from peak | -38.23% | -98.12% | +59.89% |
Average DrawdownAverage peak-to-trough decline | -39.54% | -74.15% | +34.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.44% | 12.73% | +14.71% |
Volatility
MANH vs. PSQ - Volatility Comparison
Manhattan Associates, Inc. (MANH) has a higher volatility of 24.18% compared to ProShares Short QQQ (PSQ) at 6.96%. This indicates that MANH's price experiences larger fluctuations and is considered to be riskier 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
| MANH | PSQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.18% | 6.96% | +17.22% |
Volatility (6M)Calculated over the trailing 6-month period | 40.82% | 16.03% | +24.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.73% | 19.38% | +27.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.92% | 22.93% | +16.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.28% | 22.46% | +17.82% |
Dividends
MANH vs. PSQ - Dividend Comparison
MANH has not paid dividends to shareholders, while PSQ's dividend yield for the trailing twelve months is around 4.26%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MANH Manhattan Associates, 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 | 4.26% | 4.97% | 7.15% | 6.01% | 0.35% | 0.00% | 0.31% | 1.75% | 0.95% | 0.02% |
Frequently Asked Questions
MANH and PSQ have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MANH has higher volatility (24.18%) compared to PSQ (6.96%). In terms of maximum drawdown, MANH dropped -87.04% vs PSQ's -98.26%.
MANH currently has the higher Sharpe Ratio (-0.28 vs -0.81), 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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