PSQ vs. BRKD
PSQ (ProShares Short QQQ) and BRKD (Direxion Daily BRKB Bear 1X Shares) are both Inverse Equities funds - PSQ tracks the NASDAQ-100 Index (-100%) while BRKD tracks the Berkshire Hathaway Inc. Class B (-100%). Both are passively managed. Over the past year, PSQ returned -26.29% vs 7.98% for BRKD. At a 0.15 correlation, their price movements are largely independent. PSQ charges 0.95%/yr vs 1.00%/yr for BRKD.
Performance
PSQ vs. BRKD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PSQ achieves a -16.45% return, which is significantly lower than BRKD's 5.90% return.
PSQ
- 1D
- 0.28%
- 1M
- -9.35%
- YTD
- -16.45%
- 6M
- -14.96%
- 1Y
- -26.29%
- 3Y*
- -18.98%
- 5Y*
- -14.55%
- 10Y*
- -19.23%
BRKD
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 5.90%
- 6M
- 6.63%
- 1Y
- 7.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PSQ vs. BRKD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PSQ ProShares Short QQQ | -16.45% | -15.51% | 3.76% |
BRKD Direxion Daily BRKB Bear 1X Shares | 5.90% | -6.69% | 2.19% |
Correlation
The correlation between PSQ and BRKD is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024 | 0.15 |
The correlation between PSQ and BRKD shifts across timeframes, from 0.03 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PSQ vs. BRKD — Risk / Return Rank
PSQ
BRKD
PSQ vs. BRKD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short QQQ (PSQ) and Direxion Daily BRKB Bear 1X Shares (BRKD). 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.
| PSQ | BRKD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.25 | ||
| Sortino ratioReturn per unit of downside risk | -3.46 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 1.12 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 0.86 | -1.84 |
| Martin ratioReturn relative to average drawdown | -2.12 | 1.67 | -3.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| PSQ | BRKD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.65 | 0.60 | -2.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.65 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.87 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.76 | 0.04 | -0.80 |
Drawdowns
PSQ vs. BRKD - Drawdown Comparison
The maximum PSQ drawdown since its inception was -98.26%, which is greater than BRKD's maximum drawdown of -17.92%. Use the drawdown chart below to compare losses from any high point for PSQ and BRKD.
Loading charts...
Drawdown Indicators
| PSQ | BRKD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.26% | -17.92% | -80.34% |
Max Drawdown (1Y)Largest decline over 1 year | -26.93% | -9.34% | -17.59% |
Max Drawdown (3Y)Largest decline over 3 years | -49.65% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -60.91% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -88.98% | — | — |
Current DrawdownCurrent decline from peak | -98.25% | -3.69% | -94.56% |
Average DrawdownAverage peak-to-trough decline | -73.97% | -7.74% | -66.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.41% | 4.78% | +7.63% |
Volatility
PSQ vs. BRKD - Volatility Comparison
ProShares Short QQQ (PSQ) has a higher volatility of 4.50% compared to Direxion Daily BRKB Bear 1X Shares (BRKD) at 0.00%. This indicates that PSQ's price experiences larger fluctuations and is considered to be riskier than BRKD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PSQ | BRKD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.50% | 0.00% | +4.50% |
Volatility (6M)Calculated over the trailing 6-month period | 12.14% | 9.21% | +2.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.01% | 13.36% | +2.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.43% | 17.26% | +5.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.25% | 17.26% | +4.99% |
PSQ vs. BRKD - Expense Ratio Comparison
PSQ has a 0.95% expense ratio, which is lower than BRKD's 1.00% expense ratio.
Dividends
PSQ vs. BRKD - Dividend Comparison
PSQ's dividend yield for the trailing twelve months is around 5.24%, more than BRKD's 2.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BRKD Direxion Daily BRKB Bear 1X Shares | 2.82% | 3.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSQ ProShares Short QQQ | 5.24% | 4.97% | 7.15% | 6.01% | 0.35% | 0.00% | 0.31% | 1.75% | 0.95% | 0.02% |
Frequently Asked Questions
PSQ and BRKD have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSQ has higher volatility (4.50%) compared to BRKD (0.00%). In terms of maximum drawdown, PSQ dropped -98.26% vs BRKD's -17.92%.
On 1-year performance, BRKD leads with 7.98% vs -26.29% for PSQ. On fees, PSQ is cheaper at 0.95% per year. On volatility, BRKD has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BRKD has performed better with a 7.98% return vs -26.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PSQ is cheaper with a 0.95% expense ratio, compared with 1.00% for BRKD.
PSQ has the higher dividend yield at 5.24%, compared with 2.82% for BRKD.
PSQ tracks NASDAQ-100 Index (-100%), while BRKD tracks Berkshire Hathaway Inc. Class B (-100%). They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for PSQ and 1.00% for BRKD.
BRKD currently has the higher Sharpe Ratio (0.60 vs -1.65), 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.
Find the right allocation for PSQ and BRKD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer