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.
Correlation
The correlation between PID and PSQ is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PID vs. PSQ - Performance Comparison
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Key characteristics
PID:
0.69
PSQ:
-0.51
PID:
1.05
PSQ:
-0.62
PID:
1.14
PSQ:
0.92
PID:
0.82
PSQ:
-0.14
PID:
2.49
PSQ:
-1.24
PID:
3.76%
PSQ:
10.91%
PID:
13.85%
PSQ:
25.30%
PID:
-66.34%
PSQ:
-97.65%
PID:
-0.50%
PSQ:
-97.60%
Returns By Period
In the year-to-date period, PID achieves a 8.75% return, which is significantly higher than PSQ's -2.92% return. Over the past 10 years, PID has outperformed PSQ with an annualized return of 4.44%, while PSQ has yielded a comparatively lower -17.16% annualized return.
PID
8.75%
5.06%
5.67%
9.48%
15.57%
4.44%
PSQ
-2.92%
-11.81%
-2.18%
-12.76%
-17.36%
-17.16%
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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 Rank
PID
PSQ
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.
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Dividends
PID vs. PSQ - Dividend Comparison
PID's dividend yield for the trailing twelve months is around 3.55%, less than PSQ's 6.87% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PID Invesco International Dividend Achievers™ ETF | 3.55% | 3.88% | 3.31% | 3.30% | 3.30% | 3.16% | 4.00% | 3.87% | 3.46% | 3.90% | 4.48% | 3.92% |
PSQ ProShares Short QQQ | 6.87% | 7.15% | 6.01% | 0.35% | 0.00% | 0.31% | 1.75% | 0.94% | 0.02% | 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 -97.65%. Use the drawdown chart below to compare losses from any high point for PID and PSQ. For additional features, visit the drawdowns tool.
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Volatility
PID vs. PSQ - Volatility Comparison
The current volatility for Invesco International Dividend Achievers™ ETF (PID) is 3.07%, while ProShares Short QQQ (PSQ) has a volatility of 7.53%. 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.
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