PSLV vs. SQQQ
Compare and contrast key facts about Sprott Physical Silver Trust (PSLV) and ProShares UltraPro Short QQQ (SQQQ).
SQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (-300%). It was launched on Feb 9, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSLV or SQQQ.
Performance
PSLV vs. SQQQ - Performance Comparison
Returns By Period
In the year-to-date period, PSLV achieves a 30.20% return, which is significantly higher than SQQQ's -47.95% return. Over the past 10 years, PSLV has outperformed SQQQ with an annualized return of 4.80%, while SQQQ has yielded a comparatively lower -52.13% annualized return.
PSLV
30.20%
-6.82%
-2.23%
31.83%
10.98%
4.80%
SQQQ
-47.95%
-5.50%
-28.98%
-54.47%
-59.34%
-52.13%
Key characteristics
| PSLV | SQQQ | |
|---|---|---|
| Sharpe Ratio | 0.98 | -1.07 |
| Sortino Ratio | 1.52 | -1.83 |
| Omega Ratio | 1.18 | 0.80 |
| Calmar Ratio | 0.46 | -0.56 |
| Martin Ratio | 4.18 | -1.45 |
| Ulcer Index | 7.27% | 38.80% |
| Daily Std Dev | 30.94% | 52.26% |
| Max Drawdown | -79.38% | -100.00% |
| Current Drawdown | -52.42% | -100.00% |
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Correlation
The correlation between PSLV and SQQQ is -0.14. 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.
Risk-Adjusted Performance
PSLV vs. SQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Silver Trust (PSLV) and ProShares UltraPro Short QQQ (SQQQ). 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
PSLV vs. SQQQ - Dividend Comparison
PSLV has not paid dividends to shareholders, while SQQQ's dividend yield for the trailing twelve months is around 11.23%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
PSLV Sprott Physical Silver Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SQQQ ProShares UltraPro Short QQQ | 11.23% | 8.01% | 0.28% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% |
Drawdowns
PSLV vs. SQQQ - Drawdown Comparison
The maximum PSLV drawdown since its inception was -79.38%, smaller than the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for PSLV and SQQQ. For additional features, visit the drawdowns tool.
Volatility
PSLV vs. SQQQ - Volatility Comparison
The current volatility for Sprott Physical Silver Trust (PSLV) is 9.53%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 16.94%. This indicates that PSLV experiences smaller price fluctuations and is considered to be less risky than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.