PID vs. PSQ

Last updated Aug 2, 2026

PID (Invesco International Dividend Achievers™ ETF) and PSQ (ProShares Short QQQ) are both exchange-traded funds - PID is a Global Equities fund tracking the Nasdaq International Dividend Achievers (NR), while PSQ is a Inverse Equities fund tracking the NASDAQ-100 Index (-100%). Both are passively managed. Over the past 10 years, PID returned 9.15%/yr vs -18.20%/yr for PSQ. Their -0.63 correlation means they have often moved in opposite directions in the past. PID charges 0.56%/yr vs 0.95%/yr for PSQ.

Performance

PID vs. PSQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco International Dividend Achievers™ ETF (PID) and ProShares Short QQQ (PSQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PID achieves a 8.06% return, which is significantly higher than PSQ's -9.94% return. Over the past 10 years, PID has outperformed PSQ with an annualized return of 9.15%, while PSQ has yielded a comparatively lower -18.20% annualized return.

PID

• 1D: -0.89%
• 1M: 3.23%
• 6M: 4.55%
• YTD: 8.06%
• 1Y: 17.63%
• 3Y*: 12.62%
• 5Y*: 9.36%
• 10Y*: 9.15%
• ALL TIME*: 5.72%

PSQ

• 1D: -0.59%
• 1M: 3.63%
• 6M: -9.19%
• YTD: -9.94%
• 1Y: -17.36%
• 3Y*: -15.05%
• 5Y*: -11.74%
• 10Y*: -18.20%
• ALL TIME*: -16.38%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PID Invesco International Dividend Achievers™ ETF	$1.28M	$1.81M	$1.50M
PSQ ProShares Short QQQ	$270.27M	$217.80M	$219.49M

PID vs. PSQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PID Invesco International Dividend Achievers™ ETF	8.06%	24.45%	3.08%	14.28%	-6.48%	24.49%	-6.56%	25.87%	-11.46%	19.05%
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 PID and PSQ is -0.27, 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.	-0.27
Correlation (3Y) Balances recent behavior with more history.	-0.39
Correlation (5Y) Shows whether the relationship held over a longer period.	-0.50
Correlation (10Y) Provides a long-term view across more market conditions.	-0.53
Correlation (All Time) Calculated using the full available price history since Jun 21, 2006	-0.63

Over the past year, the inverse relationship between PID and PSQ has weakened: their correlation has moved from -0.63 to -0.27, meaning they move in opposite directions less often than they have historically.

PID vs. PSQ - Sectors Allocation Comparison

Sectors	PID	PSQ
Financial Services	18.7%	64.9%
Utilities	14.6%	-
Communication Services	13.5%	-
Energy	10.4%	-
Healthcare	8.6%	-
Technology	8.5%	-
Industrials	8.1%	-
Consumer Defensive	7.1%	-
Consumer Cyclical	6.5%	-
Basic Materials	3.5%	-
Real Estate	0.5%	-

Return for Risk

PID vs. PSQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PID

PID Risk / Return Rank: 74
PID Sharpe Ratio Rank: 79
PID Sortino Ratio Rank: 82
PID Omega Ratio Rank: 78
PID Calmar Ratio Rank: 68
PID Martin Ratio Rank: 62

PSQ

PSQ Risk / Return Rank: 3
PSQ Sharpe Ratio Rank: 3
PSQ Sortino Ratio Rank: 3
PSQ Omega Ratio Rank: 3
PSQ Calmar Ratio Rank: 4
PSQ Martin Ratio Rank: 3

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PID vs. PSQ - Risk-Adjusted Trends 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.

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.

	PID	PSQ	Difference
Sharpe ratio: Return per unit of total volatility	1.80	-0.81	+2.62
Sortino ratio: Return per unit of downside risk	2.65	-1.11	+3.76
Omega ratio: Gain probability vs. loss probability	1.33	0.88	+0.45
Calmar ratio: Return relative to maximum drawdown	2.35	-0.63	+2.98
Martin ratio: Return relative to average drawdown	7.45	-1.23	+8.68

PID vs. PSQ - Sharpe Ratio Comparison

The current PID Sharpe Ratio is 1.80, which is higher than the PSQ Sharpe Ratio of -0.81. The chart below compares the historical Sharpe Ratios of PID 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.

Drawdowns

PID vs. PSQ - Drawdown Comparison

The maximum PID drawdown since its inception was -66.34%, smaller than the maximum PSQ drawdown of -98.26%. Use the drawdown chart below to compare losses from any high point for PID and PSQ.

Drawdown Indicators

	PID	PSQ	Difference
Max Drawdown Largest peak-to-trough decline	-66.34%	-98.26%	+31.92%
Max Drawdown (1Y) Largest decline over 1 year	-7.47%	-24.83%	+17.36%
Max Drawdown (3Y) Largest decline over 3 years	-11.39%	-49.65%	+38.26%
Max Drawdown (5Y) Largest decline over 5 years	-22.97%	-60.91%	+37.94%
Max Drawdown (10Y) Largest decline over 10 years	-46.07%	-87.66%	+41.59%
Current Drawdown Current decline from peak	-1.08%	-98.12%	+97.04%
Average Drawdown Average peak-to-trough decline	-12.95%	-74.15%	+61.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.35%	12.73%	-10.38%

Volatility

PID vs. PSQ - Volatility Comparison

The current volatility for Invesco International Dividend Achievers™ ETF (PID) is 2.68%, while ProShares Short QQQ (PSQ) has a volatility of 6.96%. 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.

Volatility by Period

	PID	PSQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.68%	6.96%	-4.28%
Volatility (6M) Calculated over the trailing 6-month period	7.84%	16.03%	-8.19%
Volatility (1Y) Calculated over the trailing 1-year period	9.75%	19.38%	-9.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.92%	22.93%	-9.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.56%	22.46%	-4.90%

PID vs. PSQ - Expense Ratio Comparison

PID has a 0.56% expense ratio, which is lower than PSQ's 0.95% expense ratio.

Dividends

PID vs. PSQ - Dividend Comparison

PID's dividend yield for the trailing twelve months is around 3.45%, less than PSQ's 4.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PID Invesco International Dividend Achievers™ ETF	3.45%	3.28%	3.88%	3.31%	3.30%	3.30%	3.16%	3.99%	3.87%	3.46%	3.90%	4.48%
PSQ ProShares Short QQQ	4.26%	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

Can I hold both PID and PSQ in my portfolio?

PID and PSQ have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PID or PSQ?

PSQ has higher volatility (6.96%) compared to PID (2.68%). In terms of maximum drawdown, PID dropped -66.34% vs PSQ's -98.26%.

Which ETF is better, PID or PSQ?

On 10-year performance, PID leads with 9.15% vs -18.20% for PSQ. On fees, PID is cheaper at 0.56% per year. On volatility, PID has been the lower-risk option at 2.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PID or PSQ?

Over the 10-year period, PID has performed better with a 9.15% return vs -18.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PID or PSQ?

PID is cheaper with a 0.56% expense ratio, compared with 0.95% for PSQ.

Which ETF pays a higher dividend yield, PID or PSQ?

PSQ has the higher dividend yield at 4.26%, compared with 3.45% for PID.

What is the main difference between PID and PSQ?

PID is categorized as Global Equities, while PSQ is Inverse Equities. PID tracks Nasdaq International Dividend Achievers (NR), while PSQ tracks NASDAQ-100 Index (-100%). They also come from different issuers: Invesco and ProShares. Their fees differ too: 0.56% for PID and 0.95% for PSQ.

Which has better risk-adjusted returns?

PID currently has the higher Sharpe Ratio (1.80 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.