PID vs. PSQ
Compare and contrast key facts about Invesco International Dividend Achievers™ ETF (PID) and ProShares Short QQQ (PSQ).
PID and PSQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PID is a passively managed fund by Invesco that tracks the performance of the Nasdaq International Dividend Achievers (NR). It was launched on Sep 15, 2005. PSQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (-100%). It was launched on Jun 19, 2006. Both PID and PSQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PID or PSQ.
Key characteristics
| PID | PSQ | |
|---|---|---|
| YTD Return | 6.70% | -16.43% |
| 1Y Return | 19.14% | -22.44% |
| 3Y Return (Ann) | 5.00% | -8.71% |
| 5Y Return (Ann) | 6.95% | -20.23% |
| 10Y Return (Ann) | 4.24% | -17.66% |
| Sharpe Ratio | 1.57 | -1.27 |
| Sortino Ratio | 2.25 | -1.86 |
| Omega Ratio | 1.28 | 0.79 |
| Calmar Ratio | 1.69 | -0.23 |
| Martin Ratio | 8.51 | -1.56 |
| Ulcer Index | 2.28% | 14.18% |
| Daily Std Dev | 12.30% | 17.38% |
| Max Drawdown | -66.34% | -97.55% |
| Current Drawdown | -4.61% | -97.55% |
Correlation
The correlation between PID and PSQ is -0.65. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
PID vs. PSQ - Performance Comparison
In the year-to-date period, PID achieves a 6.70% return, which is significantly higher than PSQ's -16.43% return. Over the past 10 years, PID has outperformed PSQ with an annualized return of 4.24%, while PSQ has yielded a comparatively lower -17.66% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PID vs. PSQ - Expense Ratio Comparison
PID has a 0.56% expense ratio, which is lower than PSQ's 0.95% expense ratio.
Risk-Adjusted Performance
PID vs. PSQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco International Dividend Achievers™ ETF (PID) 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.
Dividends
PID vs. PSQ - Dividend Comparison
PID's dividend yield for the trailing twelve months is around 3.75%, less than PSQ's 7.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PID Invesco International Dividend Achievers™ ETF | 3.75% | 3.31% | 3.29% | 3.29% | 3.17% | 4.00% | 3.86% | 3.46% | 3.91% | 4.48% | 3.92% | 2.17% |
PSQ ProShares Short QQQ | 7.74% | 6.01% | 0.35% | 0.00% | 0.31% | 1.75% | 0.94% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PID vs. PSQ - Drawdown Comparison
The maximum PID drawdown since its inception was -66.34%, smaller than the maximum PSQ drawdown of -97.55%. Use the drawdown chart below to compare losses from any high point for PID and PSQ. For additional features, visit the drawdowns tool.
Volatility
PID vs. PSQ - Volatility Comparison
The current volatility for Invesco International Dividend Achievers™ ETF (PID) is 2.96%, while ProShares Short QQQ (PSQ) has a volatility of 5.15%. This indicates that PID 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.